Simplify Treasury Option Income ETF
$23.34−0.03 (−0.13%)
- Expense ratio
- 0.35%
- Fund size
- $520M
- 1Y return
- +4.6%
- Yield · Last 12 months
- 7.06%
- Holdings
- 9
- Volume · 30D
- 0.2M sh
- NAV per share
- $23.35
- 52W range
The ETF.net BUCK Grade
Score 70 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 88Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 65Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 62Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 40Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 77Category rank
Our read on BUCK
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.
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
- 9
- 100%
- SBIL
Sectors
Geography
BUCK Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +3.1% |
| 1 month | +0.3% |
| 3 months | +1.0% |
| 1 year | +4.6% |
| 3 years | +5.1% |
| 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 | +3.1% | |
| 2025 | +4.1% | |
| 2024 | +7.2% | |
| 2023 | +4.6% | |
| 2022 | +0.4% |
BUCK in the news
ETF.net Research hasn’t filed on BUCK yet — coverage lands here as it’s written.
BUCK Dividends
- 7.06%
- $1.65
- $0.12 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 26, 2026 | Aug 31, 2026 | $0.12 |
| Jul 28, 2026 | Jul 31, 2026 | $0.12 |
| Jun 25, 2026 | Jun 30, 2026 | $0.12 |
| May 26, 2026 | May 29, 2026 | $0.12 |
| Apr 27, 2026 | Apr 30, 2026 | $0.14 |
| Mar 26, 2026 | Mar 31, 2026 | $0.14 |
| Feb 24, 2026 | Feb 27, 2026 | $0.14 |
| Jan 27, 2026 | Jan 30, 2026 | $0.15 |
| Dec 23, 2025 | Dec 31, 2025 | $0.15 |
| Nov 21, 2025 | Nov 28, 2025 | $0.15 |
| Oct 28, 2025 | Oct 31, 2025 | $0.15 |
| Sep 25, 2025 | Sep 30, 2025 | $0.15 |
BUCK Risk
- 2.9%
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.
- 0.22
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
- The middle half of Treasury Option Income funds
- Median 0.65%
No Treasury Option Income fund charges less.