TYA vs. SHV
TYA (Simplify Intermediate Term Treasury Futures Strategy ETF) and SHV (iShares 0-1 Year Treasury Bond ETF) are both Government Bonds funds. TYA is actively managed, while SHV is passively managed. Over the past 3 years, TYA returned -2.02%/yr vs 4.57%/yr for SHV. At a 0.30 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
TYA vs. SHV - Performance Comparison
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Returns By Period
In the year-to-date period, TYA achieves a -6.92% return, which is significantly lower than SHV's 1.79% return.
TYA
- 1D
- -1.24%
- 1M
- -2.13%
- 6M
- -6.77%
- YTD
- -6.92%
- 1Y
- -1.32%
- 3Y*
- -2.02%
- 5Y*
- —
- 10Y*
- —
SHV
- 1D
- -0.01%
- 1M
- 0.25%
- 6M
- 1.70%
- YTD
- 1.79%
- 1Y
- 3.81%
- 3Y*
- 4.57%
- 5Y*
- 3.39%
- 10Y*
- 2.26%
TYA vs. SHV - 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% |
SHV iShares 0-1 Year Treasury Bond ETF | 1.79% | 4.21% | 5.12% | 5.04% | 0.94% | -0.04% |
Correlation
The correlation between TYA and SHV is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.30 |
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Return for Risk
TYA vs. SHV — Risk / Return Rank
TYA
SHV
TYA vs. SHV - 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 0-1 Year Treasury Bond ETF (SHV). 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 | SHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.27 | ||
| Sortino ratioReturn per unit of downside risk | -92.54 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 30.49 | -29.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 140.72 | -140.84 |
| Martin ratioReturn relative to average drawdown | -0.26 | 1,495.85 | -1,496.11 |
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Drawdowns
TYA vs. SHV - Drawdown Comparison
The maximum TYA drawdown since its inception was -51.15%, which is greater than SHV's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for TYA and SHV.
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Drawdown Indicators
| TYA | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.15% | -0.45% | -50.70% |
Max Drawdown (1Y)Largest decline over 1 year | -11.80% | -0.03% | -11.77% |
Max Drawdown (3Y)Largest decline over 3 years | -20.94% | -0.03% | -20.91% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.45% | — |
Current DrawdownCurrent decline from peak | -42.62% | -0.01% | -42.61% |
Average DrawdownAverage peak-to-trough decline | -35.94% | -0.03% | -35.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.01% | 0.00% | +5.01% |
Volatility
TYA vs. SHV - Volatility Comparison
Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) has a higher volatility of 4.27% compared to iShares 0-1 Year Treasury Bond ETF (SHV) at 0.08%. This indicates that TYA's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYA | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 0.08% | +4.19% |
Volatility (6M)Calculated over the trailing 6-month period | 9.45% | 0.14% | +9.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 0.21% | +12.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.44% | 0.29% | +20.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.44% | 0.28% | +20.16% |
TYA vs. SHV - Expense Ratio Comparison
Both TYA and SHV 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. SHV - Dividend Comparison
TYA's dividend yield for the trailing twelve months is around 3.79%, which matches SHV's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHV iShares 0-1 Year Treasury Bond ETF | 3.78% | 4.09% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% |
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
TYA and SHV have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TYA has higher volatility (4.27%) compared to SHV (0.08%). In terms of maximum drawdown, TYA dropped -51.15% vs SHV's -0.45%.
On 3-year performance, SHV leads with 4.57% vs -2.02% for TYA. Both ETFs have the same 0.15% expense ratio. On volatility, SHV has been the lower-risk option at 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SHV has performed better with a 4.57% return vs -2.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TYA and SHV have the same expense ratio: 0.15% per year.
TYA has the higher dividend yield at 3.79%, compared with 3.78% for SHV.
They also come from different issuers: Simplify and iShares.
SHV currently has the higher Sharpe Ratio (18.17 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.
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