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 ICE U.S. Treasury 20+ Year Bond Index. It was launched on Jul 22, 2002.
Performance
TYA vs. TLT - Performance Comparison
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TYA vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | -2.16% | 14.38% | -9.63% | -2.23% | -37.62% | -0.68% |
TLT iShares 20+ Year Treasury Bond ETF | 0.17% | 4.25% | -8.05% | 2.77% | -31.23% | 3.35% |
Returns By Period
In the year-to-date period, TYA achieves a -2.16% return, which is significantly lower than TLT's 0.17% return.
TYA
- 1D
- 0.61%
- 1M
- -6.44%
- YTD
- -2.16%
- 6M
- -1.74%
- 1Y
- 3.01%
- 3Y*
- -3.01%
- 5Y*
- —
- 10Y*
- —
TLT
- 1D
- -0.10%
- 1M
- -4.23%
- YTD
- 0.17%
- 6M
- -0.87%
- 1Y
- -0.49%
- 3Y*
- -2.78%
- 5Y*
- -5.85%
- 10Y*
- -1.38%
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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%.
Return for Risk
TYA vs. TLT — Risk / Return Rank
TYA
TLT
TYA vs. TLT - 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 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.
| TYA | TLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.21 | -0.04 | +0.25 |
Sortino ratioReturn per unit of downside risk | 0.40 | 0.02 | +0.38 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.00 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.41 | 0.05 | +0.36 |
Martin ratioReturn relative to average drawdown | 1.00 | 0.11 | +0.89 |
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 | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | -0.04 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.37 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.50 | 0.26 | -0.76 |
Correlation
The correlation between TYA and TLT is 0.87, 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.
Dividends
TYA vs. TLT - Dividend Comparison
TYA's dividend yield for the trailing twelve months is around 3.81%, less than TLT's 4.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | 3.81% | 3.85% | 4.84% | 4.28% | 2.23% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.49% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
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.
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Drawdown Indicators
| TYA | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.15% | -48.35% | -2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -9.23% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -39.69% | -40.17% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -35.67% | -13.62% | -22.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 4.38% | -0.74% |
Volatility
TYA vs. TLT - Volatility Comparison
Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) has a higher volatility of 5.09% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 3.71%. This indicates that TYA's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYA | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 3.71% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 8.55% | 6.61% | +1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.40% | 11.44% | +2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.83% | 15.90% | +4.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.83% | 14.93% | +5.90% |