XTWY vs. BUCK

Last updated Jun 24, 2026

XTWY (BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF) and BUCK (Simplify Treasury Option Income ETF) are both Government Bonds funds. XTWY is passively managed, while BUCK is actively managed. Over the past 3 years, XTWY returned -3.26%/yr vs 5.24%/yr for BUCK. At a 0.15 correlation, their price movements are largely independent. XTWY charges 0.12%/yr vs 0.35%/yr for BUCK.

Performance

XTWY vs. BUCK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) 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, XTWY achieves a 0.98% return, which is significantly lower than BUCK's 2.12% return.

XTWY

• 1D: 0.11%
• 1M: 2.79%
• YTD: 0.98%
• 6M: 0.48%
• 1Y: 3.85%
• 3Y*: -3.26%
• 5Y*: —
• 10Y*: —

BUCK

• 1D: 0.04%
• 1M: 0.21%
• YTD: 2.12%
• 6M: 1.99%
• 1Y: 6.93%
• 3Y*: 5.24%
• 5Y*: —
• 10Y*: —

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

XTWY vs. BUCK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF	0.98%	2.52%	-10.25%	2.73%	3.46%
BUCK Simplify Treasury Option Income ETF	2.12%	4.13%	7.25%	4.63%	0.59%

Correlation

The correlation between XTWY and BUCK is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022	0.15

The correlation between XTWY and BUCK shifts across timeframes, from 0.15 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

XTWY vs. BUCK — Risk / Return Rank

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

XTWY

XTWY Risk / Return Rank: 13
XTWY Sharpe Ratio Rank: 14
XTWY Sortino Ratio Rank: 13
XTWY Omega Ratio Rank: 12
XTWY Calmar Ratio Rank: 13
XTWY Martin Ratio Rank: 13

BUCK

BUCK Risk / Return Rank: 86
BUCK Sharpe Ratio Rank: 77
BUCK Sortino Ratio Rank: 82
BUCK Omega Ratio Rank: 86
BUCK Calmar Ratio Rank: 90
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.

XTWY vs. BUCK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) 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.

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.

	XTWY	BUCK	Difference
Sharpe ratio: Return per unit of total volatility	0.34	2.34	-2.00
Sortino ratio: Return per unit of downside risk	0.57	3.44	-2.87
Omega ratio: Gain probability vs. loss probability	1.06	1.50	-0.44
Calmar ratio: Return relative to maximum drawdown	0.41	5.32	-4.91
Martin ratio: Return relative to average drawdown	0.94	28.71	-27.77

XTWY vs. BUCK - Sharpe Ratio Comparison

The current XTWY Sharpe Ratio is 0.34, which is lower than the BUCK Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of XTWY 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.

Drawdowns

XTWY vs. BUCK - Drawdown Comparison

The maximum XTWY drawdown since its inception was -25.92%, which is greater than BUCK's maximum drawdown of -5.43%. Use the drawdown chart below to compare losses from any high point for XTWY and BUCK.

Drawdown Indicators

	XTWY	BUCK	Difference
Max Drawdown Largest peak-to-trough decline	-25.92%	-5.43%	-20.49%
Max Drawdown (1Y) Largest decline over 1 year	-9.48%	-1.31%	-8.17%
Max Drawdown (3Y) Largest decline over 3 years	-22.16%	-5.43%	-16.73%
Current Drawdown Current decline from peak	-14.11%	-0.04%	-14.07%
Average Drawdown Average peak-to-trough decline	-12.25%	-0.49%	-11.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.09%	0.24%	+3.85%

Volatility

XTWY vs. BUCK - Volatility Comparison

BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) has a higher volatility of 2.69% compared to Simplify Treasury Option Income ETF (BUCK) at 0.28%. This indicates that XTWY'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

	XTWY	BUCK	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	0.28%	+2.41%
Volatility (6M) Calculated over the trailing 6-month period	7.87%	1.37%	+6.50%
Volatility (1Y) Calculated over the trailing 1-year period	11.38%	2.98%	+8.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.54%	3.46%	+14.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.54%	3.46%	+14.08%

XTWY vs. BUCK - Expense Ratio Comparison

XTWY has a 0.13% expense ratio, which is lower than BUCK's 0.35% expense ratio.

Dividends

XTWY vs. BUCK - Dividend Comparison

XTWY's dividend yield for the trailing twelve months is around 4.63%, less than BUCK's 7.40% yield.

Position	TTM	2025	2024	2023	2022
BUCK Simplify Treasury Option Income ETF	7.40%	7.59%	8.84%	4.84%	0.59%
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF	4.63%	4.56%	4.65%	3.86%	1.08%

Frequently Asked Questions

Can I hold both XTWY and BUCK in my portfolio?

XTWY and BUCK have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XTWY or BUCK?

XTWY has higher volatility (2.69%) compared to BUCK (0.28%). In terms of maximum drawdown, XTWY dropped -25.92% vs BUCK's -5.43%.

Which ETF is better, XTWY or BUCK?

On 3-year performance, BUCK leads with 5.24% vs -3.26% for XTWY. On fees, XTWY is cheaper at 0.12% per year. On volatility, BUCK has been the lower-risk option at 0.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XTWY or BUCK?

Over the 3-year period, BUCK has performed better with a 5.24% return vs -3.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTWY or BUCK?

XTWY is cheaper with a 0.12% expense ratio, compared with 0.35% for BUCK.

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

BUCK has the higher dividend yield at 7.40%, compared with 4.63% for XTWY.

What is the main difference between XTWY and BUCK?

They also come from different issuers: BondBloxx and Simplify. Their fees differ too: 0.12% for XTWY and 0.35% for BUCK.

Which has better risk-adjusted returns?

BUCK currently has the higher Sharpe Ratio (2.34 vs 0.34), 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.