TYA vs. IEF
TYA (Simplify Intermediate Term Treasury Futures Strategy ETF) and IEF (iShares 7-10 Year Treasury Bond ETF) are both Government Bonds funds. TYA is actively managed, while IEF is passively managed. Over the past 3 years, TYA returned -2.02%/yr vs 2.52%/yr for IEF. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.15% expense ratio.
Performance
TYA vs. IEF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TYA achieves a -6.92% return, which is significantly lower than IEF's -1.08% return.
TYA
- 1D
- -1.24%
- 1M
- -2.13%
- 6M
- -6.77%
- YTD
- -6.92%
- 1Y
- -1.32%
- 3Y*
- -2.02%
- 5Y*
- —
- 10Y*
- —
IEF
- 1D
- -0.36%
- 1M
- -0.62%
- 6M
- -1.10%
- YTD
- -1.08%
- 1Y
- 2.77%
- 3Y*
- 2.52%
- 5Y*
- -1.53%
- 10Y*
- 0.48%
TYA vs. IEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | -6.92% | 14.38% | -9.63% | -2.23% | -37.62% | -0.80% |
IEF iShares 7-10 Year Treasury Bond ETF | -1.08% | 8.03% | -0.63% | 3.64% | -15.15% | -0.04% |
Correlation
The correlation between TYA and IEF is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.99 |
The correlation between TYA and IEF has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TYA vs. IEF — Risk / Return Rank
TYA
IEF
TYA vs. IEF - 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 7-10 Year Treasury Bond ETF (IEF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TYA | IEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.10 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 0.68 | -0.80 |
| Martin ratioReturn relative to average drawdown | -0.26 | 1.76 | -2.02 |
Loading charts...
Drawdowns
TYA vs. IEF - Drawdown Comparison
The maximum TYA drawdown since its inception was -51.15%, which is greater than IEF's maximum drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for TYA and IEF.
Loading charts...
Drawdown Indicators
| TYA | IEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.15% | -23.93% | -27.22% |
Max Drawdown (1Y)Largest decline over 1 year | -11.80% | -4.07% | -7.73% |
Max Drawdown (3Y)Largest decline over 3 years | -20.94% | -7.71% | -13.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.93% | — |
Current DrawdownCurrent decline from peak | -42.62% | -11.72% | -30.90% |
Average DrawdownAverage peak-to-trough decline | -35.94% | -5.37% | -30.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.01% | 1.58% | +3.43% |
Volatility
TYA vs. IEF - Volatility Comparison
Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) has a higher volatility of 4.27% compared to iShares 7-10 Year Treasury Bond ETF (IEF) at 1.61%. This indicates that TYA's price experiences larger fluctuations and is considered to be riskier than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TYA | IEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 1.61% | +2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.45% | 3.60% | +5.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 4.72% | +7.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.44% | 7.71% | +12.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.44% | 6.61% | +13.83% |
TYA vs. IEF - Expense Ratio Comparison
Both TYA and IEF have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
TYA vs. IEF - Dividend Comparison
TYA's dividend yield for the trailing twelve months is around 3.79%, less than IEF's 3.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | 3.94% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | 3.79% | 3.85% | 4.84% | 4.28% | 2.23% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, TYA and IEF move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TYA has higher volatility (4.27%) compared to IEF (1.61%). In terms of maximum drawdown, TYA dropped -51.15% vs IEF's -23.93%.
On 3-year performance, IEF leads with 2.52% vs -2.02% for TYA. Both ETFs have the same 0.15% expense ratio. On volatility, IEF has been the lower-risk option at 1.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IEF has performed better with a 2.52% return vs -2.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TYA and IEF have the same expense ratio: 0.15% per year.
IEF has the higher dividend yield at 3.94%, compared with 3.79% for TYA.
They also come from different issuers: Simplify and iShares.
IEF currently has the higher Sharpe Ratio (0.59 vs -0.11), 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.
Find the right allocation for TYA and IEF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer