TYA vs. VTIP
TYA (Simplify Intermediate Term Treasury Futures Strategy ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both exchange-traded funds - TYA is a Government Bonds fund actively managed by Simplify, while VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. TYA is actively managed, while VTIP is passively managed. Over the past 3 years, TYA returned -2.45%/yr vs 5.26%/yr for VTIP. A 0.66 correlation means they provide meaningful diversification when combined. TYA charges 0.15%/yr vs 0.03%/yr for VTIP.
Performance
TYA vs. VTIP - Performance Comparison
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Returns By Period
In the year-to-date period, TYA achieves a -5.08% return, which is significantly lower than VTIP's 2.05% return.
TYA
- 1D
- -0.63%
- 1M
- -0.93%
- YTD
- -5.08%
- 6M
- -6.88%
- 1Y
- 2.03%
- 3Y*
- -2.45%
- 5Y*
- —
- 10Y*
- —
VTIP
- 1D
- 0.00%
- 1M
- 0.04%
- YTD
- 2.05%
- 6M
- 2.03%
- 1Y
- 4.70%
- 3Y*
- 5.26%
- 5Y*
- 3.37%
- 10Y*
- 3.14%
TYA vs. VTIP - 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% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 2.05% | 6.07% | 4.74% | 4.62% | -2.94% | 1.29% |
Correlation
The correlation between TYA and VTIP is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.66 |
The correlation between TYA and VTIP shifts across timeframes, from 0.61 (1 year) to 0.74 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TYA vs. VTIP — Risk / Return Rank
TYA
VTIP
TYA vs. VTIP - 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 Short-Term Inflation-Protected Securities ETF (VTIP). 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 | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.99 | ||
| Sortino ratioReturn per unit of downside risk | -5.04 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.67 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 6.75 | -6.57 |
| Martin ratioReturn relative to average drawdown | 0.49 | 26.06 | -25.58 |
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 | VTIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.16 | 3.15 | -2.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.22 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.51 | 0.89 | -1.41 |
Drawdowns
TYA vs. VTIP - Drawdown Comparison
The maximum TYA drawdown since its inception was -51.15%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for TYA and VTIP.
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Drawdown Indicators
| TYA | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.15% | -6.27% | -44.88% |
Max Drawdown (1Y)Largest decline over 1 year | -11.80% | -0.70% | -11.10% |
Max Drawdown (3Y)Largest decline over 3 years | -22.51% | -0.98% | -21.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.27% | — |
Current DrawdownCurrent decline from peak | -41.49% | -0.02% | -41.47% |
Average DrawdownAverage peak-to-trough decline | -35.85% | -1.04% | -34.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 0.18% | +3.99% |
Volatility
TYA vs. VTIP - Volatility Comparison
Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) has a higher volatility of 4.11% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.43%. This indicates that TYA's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYA | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 0.43% | +3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 8.81% | 1.02% | +7.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 1.50% | +11.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.57% | 2.77% | +17.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.57% | 2.74% | +17.83% |
TYA vs. VTIP - Expense Ratio Comparison
TYA has a 0.15% expense ratio, which is higher than VTIP'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. VTIP - Dividend Comparison
TYA's dividend yield for the trailing twelve months is around 3.87%, more than VTIP's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.58% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
Frequently Asked Questions
TYA and VTIP have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TYA has higher volatility (4.11%) compared to VTIP (0.43%). In terms of maximum drawdown, TYA dropped -51.15% vs VTIP's -6.27%.
On 3-year performance, VTIP leads with 5.26% vs -2.45% for TYA. On fees, VTIP is cheaper at 0.03% per year. On volatility, VTIP has been the lower-risk option at 0.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VTIP has performed better with a 5.26% return vs -2.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.15% for TYA.
TYA has the higher dividend yield at 3.87%, compared with 3.58% for VTIP.
TYA is categorized as Government Bonds, while VTIP is Inflation-Protected Bonds. They also come from different issuers: Simplify and Vanguard. Their fees differ too: 0.15% for TYA and 0.03% for VTIP.
VTIP currently has the higher Sharpe Ratio (3.15 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.
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