TYA vs. YGLD

Last updated Jul 14, 2026

TYA (Simplify Intermediate Term Treasury Futures Strategy ETF) and YGLD (Simplify Gold Strategy PLUS Income ETF) are both exchange-traded funds - TYA is a Government Bonds fund actively managed by Simplify, while YGLD is a Gold fund actively managed by Simplify. Both are actively managed. Over the past year, TYA returned -1.32% vs 4.85% for YGLD. At a 0.18 correlation, their price movements are largely independent. TYA charges 0.15%/yr vs 0.50%/yr for YGLD.

Performance

TYA vs. YGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) and Simplify Gold Strategy PLUS Income ETF (YGLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TYA achieves a -6.92% return, which is significantly higher than YGLD's -20.87% return.

TYA

• 1D: -1.24%
• 1M: -2.13%
• 6M: -6.77%
• YTD: -6.92%
• 1Y: -1.32%
• 3Y*: -2.02%
• 5Y*: —
• 10Y*: —

YGLD

• 1D: -4.09%
• 1M: -7.59%
• 6M: -28.00%
• YTD: -20.87%
• 1Y: 4.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TYA vs. YGLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TYA Simplify Intermediate Term Treasury Futures Strategy ETF	-6.92%	14.38%	-6.10%
YGLD Simplify Gold Strategy PLUS Income ETF	-20.87%	96.82%	-4.26%

Correlation

The correlation between TYA and YGLD is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.18

The correlation between TYA and YGLD shifts across timeframes, from 0.18 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

TYA vs. YGLD — Risk / Return Rank

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

TYA

TYA Risk / Return Rank: 8
TYA Sharpe Ratio Rank: 8
TYA Sortino Ratio Rank: 7
TYA Omega Ratio Rank: 7
TYA Calmar Ratio Rank: 8
TYA Martin Ratio Rank: 8

YGLD

YGLD Risk / Return Rank: 12
YGLD Sharpe Ratio Rank: 11
YGLD Sortino Ratio Rank: 12
YGLD Omega Ratio Rank: 13
YGLD Calmar Ratio Rank: 11
YGLD Martin Ratio Rank: 11

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. YGLD - 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 Gold Strategy PLUS Income ETF (YGLD). 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	YGLD	Difference
Sharpe ratio: Return per unit of total volatility	-0.11	0.12	-0.22
Sortino ratio: Return per unit of downside risk	-0.06	0.43	-0.49
Omega ratio: Gain probability vs. loss probability	0.99	1.06	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.11	0.11	-0.23
Martin ratio: Return relative to average drawdown	-0.26	0.25	-0.51

TYA vs. YGLD - Sharpe Ratio Comparison

The current TYA Sharpe Ratio is -0.11, which is lower than the YGLD Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of TYA and YGLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TYA vs. YGLD - Drawdown Comparison

The maximum TYA drawdown since its inception was -51.15%, which is greater than YGLD's maximum drawdown of -42.90%. Use the drawdown chart below to compare losses from any high point for TYA and YGLD.

Drawdown Indicators

	TYA	YGLD	Difference
Max Drawdown Largest peak-to-trough decline	-51.15%	-42.90%	-8.25%
Max Drawdown (1Y) Largest decline over 1 year	-11.80%	-42.90%	+31.10%
Max Drawdown (3Y) Largest decline over 3 years	-20.94%	—	—
Current Drawdown Current decline from peak	-42.62%	-42.90%	+0.28%
Average Drawdown Average peak-to-trough decline	-35.94%	-9.92%	-26.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.01%	19.47%	-14.46%

Volatility

TYA vs. YGLD - Volatility Comparison

The current volatility for Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) is 4.27%, while Simplify Gold Strategy PLUS Income ETF (YGLD) has a volatility of 11.47%. This indicates that TYA experiences smaller price fluctuations and is considered to be less risky than YGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TYA	YGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	11.47%	-7.20%
Volatility (6M) Calculated over the trailing 6-month period	9.45%	35.91%	-26.46%
Volatility (1Y) Calculated over the trailing 1-year period	12.61%	42.25%	-29.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.44%	39.38%	-18.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.44%	39.38%	-18.94%

TYA vs. YGLD - Expense Ratio Comparison

TYA has a 0.15% expense ratio, which is lower than YGLD's 0.50% expense ratio.

Dividends

TYA vs. YGLD - Dividend Comparison

TYA's dividend yield for the trailing twelve months is around 3.79%, less than YGLD's 22.04% yield.

Position	TTM	2025	2024	2023	2022	2021
TYA Simplify Intermediate Term Treasury Futures Strategy ETF	3.79%	3.85%	4.84%	4.28%	2.23%	0.11%
YGLD Simplify Gold Strategy PLUS Income ETF	22.04%	12.05%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TYA and YGLD in my portfolio?

TYA and YGLD have a correlation of 0.28, 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 YGLD?

YGLD has higher volatility (11.47%) compared to TYA (4.27%). In terms of maximum drawdown, TYA dropped -51.15% vs YGLD's -42.90%.

Which ETF is better, TYA or YGLD?

On 1-year performance, YGLD leads with 4.85% vs -1.32% for TYA. On fees, TYA is cheaper at 0.15% per year. On volatility, TYA has been the lower-risk option at 4.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TYA or YGLD?

Over the 1-year period, YGLD has performed better with a 4.85% return vs -1.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TYA or YGLD?

TYA is cheaper with a 0.15% expense ratio, compared with 0.50% for YGLD.

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

YGLD has the higher dividend yield at 22.04%, compared with 3.79% for TYA.

What is the main difference between TYA and YGLD?

TYA is categorized as Government Bonds, while YGLD is Gold. Their fees differ too: 0.15% for TYA and 0.50% for YGLD.

Which has better risk-adjusted returns?

YGLD currently has the higher Sharpe Ratio (0.12 vs -0.11), 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.