Simplify Short Term Treasury Futures Strategy ETF
$19.25+0.03 (+0.16%)
- 0.25%
- $453M
- −10.2%
- 3.23%
- 0.4M sh
- $19.24
- low $18.90high $22.31
The ETF.net TUA Grade
C
Score 41 out of 100
- 15 of 19
Score 41 of 100 falls in the C 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.F3 out of 100Rank 18 of 19Mission
Whether the fund did what it promised, tested against its stated mandate.A93 out of 100Rank 16 of 17Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F21 out of 100Rank 19 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C48 out of 100Rank 12 of 19Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C41 out of 100Rank 17 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B64 out of 100Rank 6 of 19
Our read on TUA
CMost intermediate Treasury ETFs just buy the bonds. TUA rents the exposure instead: short-term Treasury futures sized to match the duration of the 7-10 year Treasury index, with a calendar-quarter bar written into the mandate.
The Fund seeks calendar-quarter total return that matches or exceeds the ICE US Treasury 7-10 Year Bond Index, using Treasury futures to target that index’s duration.
Why people hold it
- Unusually specific mandate: match or beat the ICE US Treasury 7-10 Year Bond Index each calendar quarter, using Treasury futures to hit that index's duration.simplify.us
- It stays on the job. The portfolio hews closely to the duration target in its prospectus rather than wandering into credit or off-mandate bond bets.
- A conventional 1940 Act fund that distributes monthly, so shareholders get a 1099 rather than the K-1 some futures vehicles generate.
Worth knowing
- 0.25% a year is above the median for intermediate Treasury funds, and above IEF, which tracks the very same index for 0.15%.
- Futures-driven duration moves more sharply than the plain bond-owning funds in this group; TUA sits at the higher-volatility end of the cohort.
- The quarterly benchmark is a target, not a promise. Futures pricing and collateral income can pull results away from the index in either direction.
TUA Holdings
- Bonds
- 8
- 100%
- Us 2YR Note (Cbt) DEC26
Sectors
- Financials100.0%
TUA 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.
TUA$8,975
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 | TUA |
|---|---|
| Year to date | −10.4% |
| 1 month | −1.3% |
| 3 months | −4.7% |
| 1 year | −10.2% |
| 3 years | −0.1% |
| 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 | TUA |
|---|---|---|
| 2026 YTD | −10.4% | |
| 2025 | +7.3% | |
| 2024 | −3.6% | |
| 2023 | −2.1% | |
| 2022 | −0.9% |
TUA in the news
TUA Dividends
- 3.23%
- $0.62
- $0.08 per share
- Monthly
Distribution history
TUA Risk
- 8.4%
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.
- −0.55
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.
- −16.0%
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.
- 1.25
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TUA Cost
0.25%
TUA0.25%
- The middle half of Treasuries (3-10 Year) funds
- Median 0.12%
17 of the 19 Treasuries (3-10 Year) funds charge less.
Other funds in Treasuries (3-10 Year)
- CUTENUS Treasury 10 Year Note ETFExpense ratio 0.15%1 year return −4.8%
- CUSVNUS Treasury 7 Year Note ETFExpense ratio 0.15%1 year return −3.4%
- CCIEICorgi ETF Trust I - Corgi 3-7 Year Treasury Bond ETFExpense ratio 0.05%1 year return —
- CGOVMiShares Trust - iShares 1-10 Year Treasury Bond ETFExpense ratio 0.05%1 year return —
- CUSINWisdomTree 7-10 Year Laddered Treasury FundExpense ratio 0.15%1 year return −4.1%