TYA vs. VOO

Last updated Jun 4, 2026

TYA (Simplify Intermediate Term Treasury Futures Strategy ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - TYA is a Government Bonds fund actively managed by Simplify, while VOO is a S&P 500 fund tracking the S&P 500 Index. TYA is actively managed, while VOO is passively managed. Over the past 3 years, TYA returned -2.45%/yr vs 22.44%/yr for VOO. At a 0.09 correlation, their price movements are largely independent. TYA charges 0.15%/yr vs 0.03%/yr for VOO.

Performance

TYA vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TYA achieves a -5.08% return, which is significantly lower than VOO's 10.91% return.

TYA

• 1D: -0.63%
• 1M: -0.93%
• YTD: -5.08%
• 6M: -6.88%
• 1Y: 2.03%
• 3Y*: -2.45%
• 5Y*: —
• 10Y*: —

VOO

• 1D: -0.70%
• 1M: 5.04%
• YTD: 10.91%
• 6M: 10.93%
• 1Y: 28.04%
• 3Y*: 22.44%
• 5Y*: 13.90%
• 10Y*: 15.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TYA vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TYA Simplify Intermediate Term Treasury Futures Strategy ETF	-5.08%	14.38%	-9.63%	-2.23%	-37.62%	-0.68%
VOO Vanguard S&P 500 ETF	10.91%	17.82%	24.98%	26.32%	-18.17%	9.86%

Correlation

The correlation between TYA and VOO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021	0.09

TYA vs. VOO - Sectors Allocation Comparison

Sectors	TYA	VOO
Financial Services	24.7%	11.6%
Basic Materials	-	1.8%
Communication Services	-	11.3%
Consumer Cyclical	-	10.2%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Healthcare	-	8.5%
Industrials	-	8.3%
Real Estate	-	1.9%
Technology	-	35.7%
Utilities	-	2.4%

Return for Risk

TYA vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TYA

TYA Risk / Return Rank: 10
TYA Sharpe Ratio Rank: 11
TYA Sortino Ratio Rank: 10
TYA Omega Ratio Rank: 10
TYA Calmar Ratio Rank: 10
TYA Martin Ratio Rank: 11

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 70
VOO Omega Ratio Rank: 70
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TYA vs. VOO - 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 S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	0.16	2.39	-2.23
Sortino ratio: Return per unit of downside risk	0.32	3.25	-2.93
Omega ratio: Gain probability vs. loss probability	1.04	1.43	-0.40
Calmar ratio: Return relative to maximum drawdown	0.17	3.16	-2.99
Martin ratio: Return relative to average drawdown	0.49	14.73	-14.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TYA vs. VOO - Sharpe Ratio Comparison

The current TYA Sharpe Ratio is 0.16, which is lower than the VOO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of TYA and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TYA	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.16	2.39	-2.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.51	0.89	-1.40

Drawdowns

TYA vs. VOO - Drawdown Comparison

The maximum TYA drawdown since its inception was -51.15%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TYA and VOO.

Drawdown Indicators

	TYA	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-51.15%	-33.99%	-17.16%
Max Drawdown (1Y) Largest decline over 1 year	-11.80%	-8.90%	-2.90%
Max Drawdown (3Y) Largest decline over 3 years	-22.51%	-18.69%	-3.82%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-41.49%	-0.70%	-40.79%
Average Drawdown Average peak-to-trough decline	-35.85%	-3.69%	-32.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.17%	1.91%	+2.26%

Volatility

TYA vs. VOO - Volatility Comparison

Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) has a higher volatility of 4.11% compared to Vanguard S&P 500 ETF (VOO) at 2.84%. This indicates that TYA's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TYA	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.11%	2.84%	+1.27%
Volatility (6M) Calculated over the trailing 6-month period	8.81%	8.90%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	12.91%	11.80%	+1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.57%	16.81%	+3.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.57%	18.01%	+2.56%

TYA vs. VOO - Expense Ratio Comparison

TYA has a 0.15% expense ratio, which is higher than VOO'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. VOO - Dividend Comparison

TYA's dividend yield for the trailing twelve months is around 3.87%, more than VOO's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TYA Simplify Intermediate Term Treasury Futures Strategy ETF	3.87%	3.85%	4.84%	4.28%	2.23%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.03%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both TYA and VOO in my portfolio?

TYA and VOO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TYA or VOO?

TYA has higher volatility (4.11%) compared to VOO (2.84%). In terms of maximum drawdown, TYA dropped -51.15% vs VOO's -33.99%.

Which ETF is better, TYA or VOO?

On 3-year performance, VOO leads with 22.44% vs -2.45% for TYA. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TYA or VOO?

Over the 3-year period, VOO has performed better with a 22.44% return vs -2.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TYA or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.15% for TYA.

Which ETF pays a higher dividend yield, TYA or VOO?

TYA has the higher dividend yield at 3.87%, compared with 1.03% for VOO.

What is the main difference between TYA and VOO?

TYA is categorized as Government Bonds, while VOO is S&P 500. They also come from different issuers: Simplify and Vanguard. Their fees differ too: 0.15% for TYA and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.39 vs 0.16), 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.