TYA vs. IBTE

Last updated Apr 2, 2026

Compare and contrast key facts about Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE).

TYA and IBTE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TYA is an actively managed fund by Simplify. It was launched on Sep 27, 2021. IBTE is a passively managed fund by iShares that tracks the performance of the ICE 2024 Maturity US Treasury Index. It was launched on Feb 25, 2020.

Performance

TYA vs. IBTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE). The values are adjusted to include any dividend payments, if applicable.

TYA vs. IBTE - Yearly Performance Comparison

	2026 (YTD)
TYA Simplify Intermediate Term Treasury Futures Strategy ETF	-2.43%
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%

Returns By Period

TYA

• 1D: -0.38%
• 1M: -5.21%
• YTD: -2.53%
• 6M: -2.90%
• 1Y: 1.85%
• 3Y*: -3.13%
• 5Y*: —
• 10Y*: —

IBTE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TYA vs. IBTE - Expense Ratio Comparison

TYA has a 0.17% expense ratio, which is higher than IBTE's 0.07% 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%.

TYA

Simplify Intermediate Term Treasury Futures Strategy ETF

IBTE

iShares iBonds Dec 2024 Term Treasury ETF

Return for Risk

TYA vs. IBTE — Risk / Return Rank

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

TYA

TYA Risk / Return Rank: 15
TYA Sharpe Ratio Rank: 14
TYA Sortino Ratio Rank: 14
TYA Omega Ratio Rank: 13
TYA Calmar Ratio Rank: 18
TYA Martin Ratio Rank: 17

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. IBTE - 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 iBonds Dec 2024 Term Treasury ETF (IBTE). 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	IBTE	Difference
Sharpe ratio Return per unit of total volatility	0.13	—	—
Sortino ratio Return per unit of downside risk	0.29	—	—
Omega ratio Gain probability vs. loss probability	1.03	—	—
Calmar ratio Return relative to maximum drawdown	0.30	—	—
Martin ratio Return relative to average drawdown	0.71	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TYA	IBTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.50	—	—

Dividends

TYA vs. IBTE - Dividend Comparison

TYA's dividend yield for the trailing twelve months is around 3.82%, while IBTE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
TYA Simplify Intermediate Term Treasury Futures Strategy ETF	3.82%	3.85%	4.84%	4.28%	2.23%	0.11%
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

TYA vs. IBTE - Drawdown Comparison

The maximum TYA drawdown since its inception was -51.15%, which is greater than IBTE's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for TYA and IBTE.

Drawdown Indicators

	TYA	IBTE	Difference
Max Drawdown Largest peak-to-trough decline	-51.15%	0.00%	-51.15%
Max Drawdown (1Y) Largest decline over 1 year	-8.86%	—	—
Current Drawdown Current decline from peak	-39.92%	0.00%	-39.92%
Average Drawdown Average peak-to-trough decline	-35.67%	0.00%	-35.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.67%	—	—

Volatility

Volatility by Period

	TYA	IBTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.39%	0.00%	+14.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.82%	0.00%	+20.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.82%	0.00%	+20.82%