TYA vs. VGIT
TYA (Simplify Intermediate Term Treasury Futures Strategy ETF) and VGIT (Vanguard Intermediate-Term Treasury ETF) are both Government Bonds funds. TYA is actively managed, while VGIT is passively managed. Over the past 3 years, TYA returned -1.87%/yr vs 3.56%/yr for VGIT. With a 0.99 correlation, they move nearly in lockstep. TYA charges 0.15%/yr vs 0.03%/yr for VGIT.
Performance
TYA vs. VGIT - Performance Comparison
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Returns By Period
In the year-to-date period, TYA achieves a -5.34% return, which is significantly lower than VGIT's -0.39% return.
TYA
- 1D
- 0.27%
- 1M
- 0.70%
- YTD
- -5.34%
- 6M
- -5.34%
- 1Y
- -0.95%
- 3Y*
- -1.87%
- 5Y*
- —
- 10Y*
- —
VGIT
- 1D
- 0.12%
- 1M
- 0.38%
- YTD
- -0.39%
- 6M
- -0.22%
- 1Y
- 2.74%
- 3Y*
- 3.56%
- 5Y*
- 0.11%
- 10Y*
- 1.14%
TYA vs. VGIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | -5.34% | 14.38% | -9.63% | -2.23% | -37.62% | -0.80% |
VGIT Vanguard Intermediate-Term Treasury ETF | -0.39% | 7.34% | 1.39% | 4.28% | -10.53% | -0.69% |
Correlation
The correlation between TYA and VGIT is 0.99 - 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 | 0.99 |
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 VGIT has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
TYA vs. VGIT — Risk / Return Rank
TYA
VGIT
TYA vs. VGIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) and Vanguard Intermediate-Term Treasury ETF (VGIT). 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 | VGIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.14 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 0.97 | -1.05 |
| Martin ratioReturn relative to average drawdown | -0.20 | 2.61 | -2.81 |
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Drawdowns
TYA vs. VGIT - Drawdown Comparison
The maximum TYA drawdown since its inception was -51.15%, which is greater than VGIT's maximum drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for TYA and VGIT.
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Drawdown Indicators
| TYA | VGIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.15% | -16.05% | -35.10% |
Max Drawdown (1Y)Largest decline over 1 year | -11.80% | -2.83% | -8.97% |
Max Drawdown (3Y)Largest decline over 3 years | -21.36% | -4.34% | -17.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.05% | — |
Current DrawdownCurrent decline from peak | -41.65% | -2.32% | -39.33% |
Average DrawdownAverage peak-to-trough decline | -35.88% | -3.51% | -32.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.67% | 1.05% | +3.62% |
Volatility
TYA vs. VGIT - Volatility Comparison
Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) has a higher volatility of 3.58% compared to Vanguard Intermediate-Term Treasury ETF (VGIT) at 1.10%. This indicates that TYA's price experiences larger fluctuations and is considered to be riskier than VGIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYA | VGIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 1.10% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.14% | 2.47% | +6.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.62% | 3.38% | +9.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.50% | 5.39% | +15.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.50% | 4.50% | +16.00% |
TYA vs. VGIT - Expense Ratio Comparison
TYA has a 0.15% expense ratio, which is higher than VGIT's 0.03% 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%.
Dividends
TYA vs. VGIT - Dividend Comparison
TYA's dividend yield for the trailing twelve months is around 3.88%, which matches VGIT's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | 3.88% | 3.85% | 4.84% | 4.28% | 2.23% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.86% | 3.79% | 3.67% | 2.73% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% |
Frequently Asked Questions
With a correlation of 0.99, TYA and VGIT 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 (3.58%) compared to VGIT (1.10%). In terms of maximum drawdown, TYA dropped -51.15% vs VGIT's -16.05%.
On 3-year performance, VGIT leads with 3.56% vs -1.87% for TYA. On fees, VGIT is cheaper at 0.03% per year. On volatility, VGIT has been the lower-risk option at 1.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VGIT has performed better with a 3.56% return vs -1.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGIT is cheaper with a 0.03% expense ratio, compared with 0.15% for TYA.
TYA has the higher dividend yield at 3.88%, compared with 3.86% for VGIT.
They also come from different issuers: Simplify and Vanguard. Their fees differ too: 0.15% for TYA and 0.03% for VGIT.
VGIT currently has the higher Sharpe Ratio (0.82 vs -0.08), 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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