Simplify Treasury Option Income ETF
The ETF.net BUCK Grade
A
Score 69 out of 100
- 3 of 14
Score 69 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays A for now. A new letter must hold for 3 published runs before it replaces it.
Cost
The fund’s net expense ratio, ranked against its category.A84 out of 100Rank 3 of 14Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B57 out of 100Rank 6 of 14Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B59 out of 100Rank 4 of 14Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C53 out of 100Rank 7 of 13Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A79 out of 100Rank 2 of 14
Our read on BUCK
In short
AMost Treasury option-income funds write calls on 20+ year bonds and hand you the duration ride. BUCK works the short end: U.S. government securities kept to a year or less of duration, with an option overlay on top, paying monthly.
Stated mandate
The fund seeks monthly income through an actively managed portfolio with at least 80% of net assets in U.S. government securities. It seeks total returns while keeping duration at one year or less and uses risk-managed option writing to add income and total return.
Why people hold it
Worth knowing
BUCK Holdings
- Bonds
- 4
- 101%
- SBIL
Geography
- United States100.00%
BUCK Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
BUCK$10,343
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BUCK |
|---|---|
| Year to date | +2.5% |
| 1 month | +0.2% |
| 3 months | +0.1% |
| 1 year | +3.4% |
| 3 years | +4.8% |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BUCK |
|---|---|---|
| 2026 YTD | +2.5% | |
| 2025 | +4.1% | |
| 2024 | +7.2% | |
| 2023 | +4.6% | |
| 2022 | +0.4% |
BUCK in the news
BUCK Dividends
- 6.91%
- $1.59
- $0.12 per share
- Monthly
BUCK Risk
- 3.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.08
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −5.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.08
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
BUCK Cost
Overpaying vs TLTW, cheapest in Treasury Option Income
$580
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
BUCK 0.38%
$7,706
TLTW 0.35% Cheapest
$7,126
Cost over time
Year by year
| Year | BUCK | TLTW | Overpaying |
|---|---|---|---|
| 10 | $688 | $634 | $54 |
| 20 | $2,658 | $2,454 | $204 |
| 30 | $7,706 | $7,126 | $580 |
You pay 0.38%Waived by Simplify 0.10%
Full fee 0.48% waiver 0.10% you pay 0.38%
Other funds in Treasury Option Income
- ABENJHorizon Landmark ETFExpense ratio 0.40%1 year return +3.8%
- ATLTWiShares 20+ Year Treasury Bond BuyWrite Strategy ETFExpense ratio 0.35%1 year return −1.4%
- BJUCYAptus Enhanced Yield ETFExpense ratio 0.60%1 year return +5.7%
- CTLTINEOS Enhanced Income 20+ Year Treasury Bond ETFExpense ratio 0.58%1 year return −3.4%
- COVTOverlay Shares Short Term Bond ETFExpense ratio 0.79%1 year return +3.5%
