TYA vs. VGLT
TYA (Simplify Intermediate Term Treasury Futures Strategy ETF) and VGLT (Vanguard Long-Term Treasury ETF) are both Government Bonds funds. TYA is actively managed, while VGLT is passively managed. Over the past 3 years, TYA returned -1.87%/yr vs -0.75%/yr for VGLT. Their correlation of 0.89 suggests significant overlap in exposure. TYA charges 0.15%/yr vs 0.03%/yr for VGLT.
Performance
TYA vs. VGLT - 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 VGLT's 0.49% return.
TYA
- 1D
- 0.27%
- 1M
- 0.70%
- YTD
- -5.34%
- 6M
- -5.34%
- 1Y
- -0.95%
- 3Y*
- -1.87%
- 5Y*
- —
- 10Y*
- —
VGLT
- 1D
- 0.15%
- 1M
- 2.04%
- YTD
- 0.49%
- 6M
- 0.38%
- 1Y
- 4.08%
- 3Y*
- -0.75%
- 5Y*
- -5.58%
- 10Y*
- -1.20%
TYA vs. VGLT - 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% |
VGLT Vanguard Long-Term Treasury ETF | 0.49% | 5.35% | -6.28% | 3.27% | -29.34% | 1.30% |
Correlation
The correlation between TYA and VGLT is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.89 |
The correlation between TYA and VGLT has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
TYA vs. VGLT — Risk / Return Rank
TYA
VGLT
TYA vs. VGLT - 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 Long-Term Treasury ETF (VGLT). 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 | VGLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.08 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 0.59 | -0.67 |
| Martin ratioReturn relative to average drawdown | -0.20 | 1.45 | -1.65 |
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Drawdowns
TYA vs. VGLT - Drawdown Comparison
The maximum TYA drawdown since its inception was -51.15%, which is greater than VGLT's maximum drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for TYA and VGLT.
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Drawdown Indicators
| TYA | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.15% | -46.18% | -4.97% |
Max Drawdown (1Y)Largest decline over 1 year | -11.80% | -7.01% | -4.79% |
Max Drawdown (3Y)Largest decline over 3 years | -21.36% | -17.68% | -3.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.18% | — |
Current DrawdownCurrent decline from peak | -41.65% | -36.26% | -5.39% |
Average DrawdownAverage peak-to-trough decline | -35.88% | -15.12% | -20.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.67% | 2.82% | +1.85% |
Volatility
TYA vs. VGLT - Volatility Comparison
Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) has a higher volatility of 3.58% compared to Vanguard Long-Term Treasury ETF (VGLT) at 2.08%. This indicates that TYA's price experiences larger fluctuations and is considered to be riskier than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYA | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 2.08% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 9.14% | 6.07% | +3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.62% | 8.61% | +4.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.50% | 14.53% | +5.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.50% | 13.80% | +6.70% |
TYA vs. VGLT - Expense Ratio Comparison
TYA has a 0.15% expense ratio, which is higher than VGLT'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. VGLT - Dividend Comparison
TYA's dividend yield for the trailing twelve months is around 3.88%, less than VGLT's 4.57% 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% |
VGLT Vanguard Long-Term Treasury ETF | 4.57% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Frequently Asked Questions
TYA and VGLT have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TYA has higher volatility (3.58%) compared to VGLT (2.08%). In terms of maximum drawdown, TYA dropped -51.15% vs VGLT's -46.18%.
On 3-year performance, VGLT leads with -0.75% vs -1.87% for TYA. On fees, VGLT is cheaper at 0.03% per year. On volatility, VGLT has been the lower-risk option at 2.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VGLT has performed better with a -0.75% return vs -1.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGLT is cheaper with a 0.03% expense ratio, compared with 0.15% for TYA.
VGLT has the higher dividend yield at 4.57%, compared with 3.88% for TYA.
They also come from different issuers: Simplify and Vanguard. Their fees differ too: 0.15% for TYA and 0.03% for VGLT.
VGLT currently has the higher Sharpe Ratio (0.48 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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