TYA vs. GBIL

Last updated Jun 4, 2026

TYA (Simplify Intermediate Term Treasury Futures Strategy ETF) and GBIL (Goldman Sachs Access Treasury 0-1 Year ETF) are both Government Bonds funds. TYA is actively managed, while GBIL is passively managed. Over the past 3 years, TYA returned -2.45%/yr vs 4.64%/yr for GBIL. At a 0.27 correlation, their price movements are largely independent. TYA charges 0.15%/yr vs 0.12%/yr for GBIL.

Performance

TYA vs. GBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TYA achieves a -5.08% return, which is significantly lower than GBIL's 1.42% return.

TYA

• 1D: -0.63%
• 1M: -0.93%
• YTD: -5.08%
• 6M: -6.88%
• 1Y: 2.03%
• 3Y*: -2.45%
• 5Y*: —
• 10Y*: —

GBIL

• 1D: 0.02%
• 1M: 0.28%
• YTD: 1.42%
• 6M: 1.73%
• 1Y: 3.91%
• 3Y*: 4.64%
• 5Y*: 3.32%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TYA vs. GBIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TYA Simplify Intermediate Term Treasury Futures Strategy ETF	-5.08%	14.38%	-9.63%	-2.23%	-37.62%	-0.68%
GBIL Goldman Sachs Access Treasury 0-1 Year ETF	1.42%	4.12%	5.24%	4.91%	1.05%	-0.05%

Correlation

The correlation between TYA and GBIL is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021	0.27

Return for Risk

TYA vs. GBIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TYA

TYA Risk / Return Rank: 10
TYA Sharpe Ratio Rank: 11
TYA Sortino Ratio Rank: 10
TYA Omega Ratio Rank: 10
TYA Calmar Ratio Rank: 10
TYA Martin Ratio Rank: 11

GBIL

GBIL Risk / Return Rank: 100
GBIL Sharpe Ratio Rank: 100
GBIL Sortino Ratio Rank: 100
GBIL Omega Ratio Rank: 100
GBIL Calmar Ratio Rank: 100
GBIL Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TYA vs. GBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	TYA	GBIL	Difference
Sharpe ratio: Return per unit of total volatility	0.16	16.89	-16.73
Sortino ratio: Return per unit of downside risk	0.32	102.89	-102.57
Omega ratio: Gain probability vs. loss probability	1.04	39.42	-38.39
Calmar ratio: Return relative to maximum drawdown	0.17	196.43	-196.26
Martin ratio: Return relative to average drawdown	0.49	1,608.66	-1,608.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TYA vs. GBIL - Sharpe Ratio Comparison

The current TYA Sharpe Ratio is 0.16, which is lower than the GBIL Sharpe Ratio of 16.89. The chart below compares the historical Sharpe Ratios of TYA and GBIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TYA	GBIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.16	16.89	-16.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	5.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.51	4.87	-5.39

Drawdowns

TYA vs. GBIL - Drawdown Comparison

The maximum TYA drawdown since its inception was -51.15%, which is greater than GBIL's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for TYA and GBIL.

Drawdown Indicators

	TYA	GBIL	Difference
Max Drawdown Largest peak-to-trough decline	-51.15%	-0.76%	-50.39%
Max Drawdown (1Y) Largest decline over 1 year	-11.80%	-0.02%	-11.78%
Max Drawdown (3Y) Largest decline over 3 years	-22.51%	-0.76%	-21.75%
Max Drawdown (5Y) Largest decline over 5 years	—	-0.76%	—
Current Drawdown Current decline from peak	-41.49%	0.00%	-41.49%
Average Drawdown Average peak-to-trough decline	-35.85%	-0.04%	-35.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.17%	0.00%	+4.17%

Volatility

TYA vs. GBIL - Volatility Comparison

Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) has a higher volatility of 4.11% compared to Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) at 0.04%. This indicates that TYA's price experiences larger fluctuations and is considered to be riskier than GBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TYA	GBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.11%	0.04%	+4.07%
Volatility (6M) Calculated over the trailing 6-month period	8.81%	0.14%	+8.67%
Volatility (1Y) Calculated over the trailing 1-year period	12.91%	0.23%	+12.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.57%	0.58%	+19.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.57%	0.47%	+20.10%

TYA vs. GBIL - Expense Ratio Comparison

TYA has a 0.15% expense ratio, which is higher than GBIL's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

TYA vs. GBIL - Dividend Comparison

TYA's dividend yield for the trailing twelve months is around 3.87%, more than GBIL's 3.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GBIL Goldman Sachs Access Treasury 0-1 Year ETF	3.74%	4.02%	4.93%	4.77%	1.37%	0.00%	0.81%	2.20%	1.70%	0.74%	0.11%
TYA Simplify Intermediate Term Treasury Futures Strategy ETF	3.87%	3.85%	4.84%	4.28%	2.23%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TYA and GBIL in my portfolio?

TYA and GBIL have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TYA or GBIL?

TYA has higher volatility (4.11%) compared to GBIL (0.04%). In terms of maximum drawdown, TYA dropped -51.15% vs GBIL's -0.76%.

Which ETF is better, TYA or GBIL?

On 3-year performance, GBIL leads with 4.64% vs -2.45% for TYA. On fees, GBIL is cheaper at 0.12% per year. On volatility, GBIL has been the lower-risk option at 0.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TYA or GBIL?

Over the 3-year period, GBIL has performed better with a 4.64% return vs -2.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TYA or GBIL?

GBIL is cheaper with a 0.12% expense ratio, compared with 0.15% for TYA.

Which ETF pays a higher dividend yield, TYA or GBIL?

TYA has the higher dividend yield at 3.87%, compared with 3.74% for GBIL.

What is the main difference between TYA and GBIL?

They also come from different issuers: Simplify and Goldman Sachs. Their fees differ too: 0.15% for TYA and 0.12% for GBIL.

Which has better risk-adjusted returns?

GBIL currently has the higher Sharpe Ratio (16.89 vs 0.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.