VGIT vs. BUCK

Last updated Jun 4, 2026

VGIT (Vanguard Intermediate-Term Treasury ETF) and BUCK (Simplify Treasury Option Income ETF) are both Government Bonds funds. VGIT is passively managed, while BUCK is actively managed. Over the past 3 years, VGIT returned 3.40%/yr vs 5.27%/yr for BUCK. At a 0.11 correlation, their price movements are largely independent. VGIT charges 0.03%/yr vs 0.35%/yr for BUCK.

Performance

VGIT vs. BUCK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Intermediate-Term Treasury ETF (VGIT) and Simplify Treasury Option Income ETF (BUCK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VGIT achieves a -0.46% return, which is significantly lower than BUCK's 1.90% return.

VGIT

• 1D: -0.19%
• 1M: -0.16%
• YTD: -0.46%
• 6M: -0.60%
• 1Y: 3.54%
• 3Y*: 3.40%
• 5Y*: 0.05%
• 10Y*: 1.23%

BUCK

• 1D: 0.02%
• 1M: 0.38%
• YTD: 1.90%
• 6M: 2.09%
• 1Y: 7.95%
• 3Y*: 5.27%
• 5Y*: —
• 10Y*: —

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

VGIT vs. BUCK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VGIT Vanguard Intermediate-Term Treasury ETF	-0.46%	7.34%	1.39%	4.28%	1.48%
BUCK Simplify Treasury Option Income ETF	1.90%	4.13%	7.25%	4.63%	0.39%

Correlation

The correlation between VGIT and BUCK is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (All Time) Calculated using the full available price history since Oct 31, 2022	0.11

Return for Risk

VGIT vs. BUCK — Risk / Return Rank

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

VGIT

VGIT Risk / Return Rank: 27
VGIT Sharpe Ratio Rank: 28
VGIT Sortino Ratio Rank: 28
VGIT Omega Ratio Rank: 26
VGIT Calmar Ratio Rank: 26
VGIT Martin Ratio Rank: 26

BUCK

BUCK Risk / Return Rank: 87
BUCK Sharpe Ratio Rank: 77
BUCK Sortino Ratio Rank: 84
BUCK Omega Ratio Rank: 86
BUCK Calmar Ratio Rank: 92
BUCK Martin Ratio Rank: 95

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.

VGIT vs. BUCK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Treasury ETF (VGIT) and Simplify Treasury Option Income ETF (BUCK). 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.

	VGIT	BUCK	Difference
Sharpe ratio: Return per unit of total volatility	1.05	2.54	-1.49
Sortino ratio: Return per unit of downside risk	1.59	3.83	-2.23
Omega ratio: Gain probability vs. loss probability	1.18	1.54	-0.36
Calmar ratio: Return relative to maximum drawdown	1.25	6.11	-4.85
Martin ratio: Return relative to average drawdown	3.75	32.31	-28.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGIT vs. BUCK - Sharpe Ratio Comparison

The current VGIT Sharpe Ratio is 1.05, which is lower than the BUCK Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of VGIT and BUCK, 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

	VGIT	BUCK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	2.54	-1.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	1.47	-0.98

Drawdowns

VGIT vs. BUCK - Drawdown Comparison

The maximum VGIT drawdown since its inception was -16.05%, which is greater than BUCK's maximum drawdown of -5.43%. Use the drawdown chart below to compare losses from any high point for VGIT and BUCK.

Drawdown Indicators

	VGIT	BUCK	Difference
Max Drawdown Largest peak-to-trough decline	-16.05%	-5.43%	-10.62%
Max Drawdown (1Y) Largest decline over 1 year	-2.83%	-1.31%	-1.52%
Max Drawdown (3Y) Largest decline over 3 years	-4.34%	-5.43%	+1.09%
Max Drawdown (5Y) Largest decline over 5 years	-15.02%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-16.05%	—	—
Current Drawdown Current decline from peak	-2.39%	-0.04%	-2.35%
Average Drawdown Average peak-to-trough decline	-3.52%	-0.49%	-3.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	0.25%	+0.69%

Volatility

VGIT vs. BUCK - Volatility Comparison

Vanguard Intermediate-Term Treasury ETF (VGIT) has a higher volatility of 1.05% compared to Simplify Treasury Option Income ETF (BUCK) at 0.70%. This indicates that VGIT's price experiences larger fluctuations and is considered to be riskier than BUCK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGIT	BUCK	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	0.70%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	2.33%	1.53%	+0.80%
Volatility (1Y) Calculated over the trailing 1-year period	3.38%	3.14%	+0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.38%	3.49%	+1.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.50%	3.49%	+1.01%

VGIT vs. BUCK - Expense Ratio Comparison

VGIT has a 0.03% expense ratio, which is lower than BUCK's 0.35% expense ratio.

Dividends

VGIT vs. BUCK - Dividend Comparison

VGIT's dividend yield for the trailing twelve months is around 3.87%, less than BUCK's 7.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BUCK Simplify Treasury Option Income ETF	7.42%	7.59%	8.84%	4.84%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VGIT Vanguard Intermediate-Term Treasury ETF	3.87%	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

Can I hold both VGIT and BUCK in my portfolio?

VGIT and BUCK have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VGIT or BUCK?

VGIT has higher volatility (1.05%) compared to BUCK (0.70%). In terms of maximum drawdown, VGIT dropped -16.05% vs BUCK's -5.43%.

Which ETF is better, VGIT or BUCK?

On 3-year performance, BUCK leads with 5.27% vs 3.40% for VGIT. On fees, VGIT is cheaper at 0.03% per year. On volatility, BUCK has been the lower-risk option at 0.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VGIT or BUCK?

Over the 3-year period, BUCK has performed better with a 5.27% return vs 3.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VGIT or BUCK?

VGIT is cheaper with a 0.03% expense ratio, compared with 0.35% for BUCK.

Which ETF pays a higher dividend yield, VGIT or BUCK?

BUCK has the higher dividend yield at 7.42%, compared with 3.87% for VGIT.

What is the main difference between VGIT and BUCK?

They also come from different issuers: Vanguard and Simplify. Their fees differ too: 0.03% for VGIT and 0.35% for BUCK.

Which has better risk-adjusted returns?

BUCK currently has the higher Sharpe Ratio (2.54 vs 1.05), 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.