TYA vs. TUA
TYA (Simplify Intermediate Term Treasury Futures Strategy ETF) and TUA (Simplify Short Term Treasury Futures Strategy ETF) are both exchange-traded funds - TYA is a Government Bonds fund actively managed by Simplify, while TUA is a Intermediate Core Bond fund actively managed by Simplify. Both are actively managed. Over the past 3 years, TYA returned -2.02%/yr vs -0.05%/yr for TUA. Their correlation of 0.87 suggests significant overlap in exposure. TYA charges 0.15%/yr vs 0.16%/yr for TUA.
Performance
TYA vs. TUA - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with TYA having a -6.92% return and TUA slightly higher at -6.58%.
TYA
- 1D
- -1.24%
- 1M
- -2.13%
- 6M
- -6.77%
- YTD
- -6.92%
- 1Y
- -1.32%
- 3Y*
- -2.02%
- 5Y*
- —
- 10Y*
- —
TUA
- 1D
- -0.61%
- 1M
- -1.41%
- 6M
- -6.05%
- YTD
- -6.58%
- 1Y
- -3.65%
- 3Y*
- -0.05%
- 5Y*
- —
- 10Y*
- —
TYA vs. TUA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | -6.92% | 14.38% | -9.63% | -2.23% | -0.51% |
TUA Simplify Short Term Treasury Futures Strategy ETF | -6.58% | 7.27% | -3.59% | -2.04% | -0.83% |
Correlation
The correlation between TYA and TUA is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2022 | 0.87 |
The correlation between TYA and TUA has been stable across timeframes, ranging from 0.86 to 0.91 - 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. TUA — Risk / Return Rank
TYA
TUA
TYA vs. TUA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) and Simplify Short Term Treasury Futures Strategy ETF (TUA). 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 | TUA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.92 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | -0.50 | +0.38 |
| Martin ratioReturn relative to average drawdown | -0.26 | -1.13 | +0.86 |
Loading charts...
Drawdowns
TYA vs. TUA - Drawdown Comparison
The maximum TYA drawdown since its inception was -51.15%, which is greater than TUA's maximum drawdown of -15.85%. Use the drawdown chart below to compare losses from any high point for TYA and TUA.
Loading charts...
Drawdown Indicators
| TYA | TUA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.15% | -15.85% | -35.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.80% | -7.37% | -4.43% |
Max Drawdown (3Y)Largest decline over 3 years | -20.94% | -9.14% | -11.80% |
Current DrawdownCurrent decline from peak | -42.62% | -11.19% | -31.43% |
Average DrawdownAverage peak-to-trough decline | -35.94% | -8.41% | -27.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.01% | 3.24% | +1.77% |
Volatility
TYA vs. TUA - Volatility Comparison
Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) has a higher volatility of 4.27% compared to Simplify Short Term Treasury Futures Strategy ETF (TUA) at 2.56%. This indicates that TYA's price experiences larger fluctuations and is considered to be riskier than TUA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TYA | TUA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 2.56% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 9.45% | 5.43% | +4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 7.02% | +5.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.44% | 10.71% | +9.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.44% | 10.71% | +9.73% |
TYA vs. TUA - Expense Ratio Comparison
TYA has a 0.15% expense ratio, which is lower than TUA's 0.16% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TYA vs. TUA - Dividend Comparison
TYA's dividend yield for the trailing twelve months is around 3.79%, more than TUA's 3.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
TUA Simplify Short Term Treasury Futures Strategy ETF | 3.36% | 3.84% | 5.19% | 4.83% | 0.15% | 0.00% |
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | 3.79% | 3.85% | 4.84% | 4.28% | 2.23% | 0.11% |
Frequently Asked Questions
With a correlation of 0.91, TYA and TUA 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 TUA (2.56%). In terms of maximum drawdown, TYA dropped -51.15% vs TUA's -15.85%.
On 3-year performance, TUA leads with -0.05% vs -2.02% for TYA. On fees, TYA is cheaper at 0.15% per year. On volatility, TUA has been the lower-risk option at 2.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TUA has performed better with a -0.05% return vs -2.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TYA is cheaper with a 0.15% expense ratio, compared with 0.16% for TUA.
TYA has the higher dividend yield at 3.79%, compared with 3.36% for TUA.
TYA is categorized as Government Bonds, while TUA is Intermediate Core Bond. Their fees differ too: 0.15% for TYA and 0.16% for TUA.
TYA currently has the higher Sharpe Ratio (-0.11 vs -0.52), 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 TUA
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