TYA vs. GGOV
TYA (Simplify Intermediate Term Treasury Futures Strategy ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - TYA is a Government Bonds fund actively managed by Simplify, while GGOV is a Global Bonds fund managed by iShares. A 0.63 correlation means they provide meaningful diversification when combined. TYA charges 0.15%/yr vs 0.39%/yr for GGOV.
Performance
TYA vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, TYA achieves a -5.08% return, which is significantly lower than GGOV's 2.30% return.
TYA
- 1D
- -0.63%
- 1M
- -0.93%
- YTD
- -5.08%
- 6M
- -6.88%
- 1Y
- 2.03%
- 3Y*
- -2.45%
- 5Y*
- —
- 10Y*
- —
GGOV
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 2.30%
- 6M
- -1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TYA vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | -5.08% | 2.47% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.30% | -2.81% |
Correlation
The correlation between TYA and GGOV is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025 | 0.63 |
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Return for Risk
TYA vs. GGOV — Risk / Return Rank
TYA
GGOV
TYA vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) and iShares Global Government Bond USD Hedged Active ETF (GGOV). 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 | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.04 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | — | — |
| Martin ratioReturn relative to average drawdown | 0.49 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TYA | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.51 | -0.11 | -0.40 |
Drawdowns
TYA vs. GGOV - Drawdown Comparison
The maximum TYA drawdown since its inception was -51.15%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for TYA and GGOV.
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Drawdown Indicators
| TYA | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.15% | -4.69% | -46.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.80% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -22.51% | — | — |
Current DrawdownCurrent decline from peak | -41.49% | -1.50% | -39.99% |
Average DrawdownAverage peak-to-trough decline | -35.85% | -1.59% | -34.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | — | — |
Volatility
TYA vs. GGOV - Volatility Comparison
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Volatility by Period
| TYA | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.81% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 5.38% | +7.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.57% | 5.38% | +15.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.57% | 5.38% | +15.19% |
TYA vs. GGOV - Expense Ratio Comparison
TYA has a 0.15% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
TYA vs. GGOV - Dividend Comparison
TYA's dividend yield for the trailing twelve months is around 3.87%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | 3.87% | 3.85% | 4.84% | 4.28% | 2.23% | 0.11% |
Frequently Asked Questions
TYA and GGOV have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TYA is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TYA is cheaper with a 0.15% expense ratio, compared with 0.39% for GGOV.
TYA has the higher dividend yield at 3.87%, compared with 0.00% for GGOV.
TYA is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: Simplify and iShares. Their fees differ too: 0.15% for TYA and 0.39% for GGOV.
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