Simplify Treasury Option Income ETF
$23.110.00 (0.00%)
- 0.35%
- $524M
- +3.6%
- 7.01%
- 0.2M sh
- $23.13
- low $22.98high $24.04
The ETF.net BUCK Grade
B
Score 67 out of 100
- 3 of 14
Score 67 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.
Cost
The fund’s net expense ratio, ranked against its category.A88 out of 100Rank 2 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.B61 out of 100Rank 5 of 14Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B58 out of 100Rank 4 of 14Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F23 out of 100Rank 13 of 13Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A80 out of 100Rank 2 of 14
Our read on BUCK
BMost 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.
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
- Duration is capped at one year or less by mandate, so income leans on the option writing rather than a bet on long-bond prices.simplify.us
- A 0.35% expense ratio undercuts the typical fee among Treasury option-income funds and ties the cheapest of its top-ranked peers, TLTW.
- Pays monthly, with at least 80% of net assets in U.S. government securities, so the engine sits on Treasuries rather than corporate credit.
- Sits in the upper half of its small Treasury-overlay peer group, one of the stronger takes on the short-bonds-plus-options idea.
Worth knowing
- Actively managed with no published index behind it. Results ride on how the manager runs the option book, and premium income varies month to month.
- Selling options is a trade: premium now in exchange for giving up some upside on the underlying positions.simplify.us
- Launched in 2022, so the live record covers a short and unusual stretch of rate history.
BUCK Holdings
- Bonds
- 2
- 137%
- SBIL
Sectors
- Financials100.0%
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.
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BUCK$10,360
Returns run to the Oct 12, 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 | +2.4% |
| 1 month | −0.4% |
| 3 months | 0.0% |
| 1 year | +3.6% |
| 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 | +2.4% | |
| 2025 | +4.1% | |
| 2024 | +7.2% | |
| 2023 | +4.6% | |
| 2022 | +0.4% |
BUCK in the news
BUCK Dividends
- 7.01%
- $1.62
- $0.12 per share
- Monthly
Distribution history
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.
BUCK Cost
0.35%
BUCK0.35%
- The middle half of Treasury Option Income funds
- Median 0.65%
No Treasury Option Income fund charges less.
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 −5.0%
- BJUCYAptus Enhanced Yield ETFExpense ratio 0.60%1 year return +6.3%
- COVTOverlay Shares Short Term Bond ETFExpense ratio 0.79%1 year return +4.4%
- CTLTINEOS Enhanced Income 20+ Year Treasury Bond ETFExpense ratio 0.58%1 year return −7.7%