TYA vs. TLT
Compare and contrast key facts about Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) and iShares 20+ Year Treasury Bond ETF (TLT).
TYA and TLT 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. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TYA or TLT.
Key characteristics
| TYA | TLT | |
|---|---|---|
| YTD Return | -8.15% | -5.24% |
| 1Y Return | 5.37% | 7.41% |
| 3Y Return (Ann) | -17.22% | -12.32% |
| Sharpe Ratio | 0.29 | 0.48 |
| Sortino Ratio | 0.54 | 0.77 |
| Omega Ratio | 1.06 | 1.09 |
| Calmar Ratio | 0.11 | 0.16 |
| Martin Ratio | 0.73 | 1.18 |
| Ulcer Index | 7.22% | 6.06% |
| Daily Std Dev | 18.12% | 14.98% |
| Max Drawdown | -51.15% | -48.35% |
| Current Drawdown | -45.23% | -40.96% |
Correlation
The correlation between TYA and TLT is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TYA vs. TLT - Performance Comparison
In the year-to-date period, TYA achieves a -8.15% return, which is significantly lower than TLT's -5.24% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TYA vs. TLT - Expense Ratio Comparison
TYA has a 0.17% expense ratio, which is higher than TLT's 0.15% 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%.
Risk-Adjusted Performance
TYA vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) and iShares 20+ Year Treasury Bond ETF (TLT). 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.
Dividends
TYA vs. TLT - Dividend Comparison
TYA's dividend yield for the trailing twelve months is around 4.99%, more than TLT's 4.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | 4.99% | 4.29% | 2.24% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.06% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
TYA vs. TLT - Drawdown Comparison
The maximum TYA drawdown since its inception was -51.15%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for TYA and TLT. For additional features, visit the drawdowns tool.
Volatility
TYA vs. TLT - Volatility Comparison
Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) and iShares 20+ Year Treasury Bond ETF (TLT) have volatilities of 5.27% and 5.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.