Simplify Intermediate Term Treasury Futures Strategy ETF
$11.09+0.04 (+0.36%)
- 0.25%
- $42M
- −17.3%
- 4.34%
- 0.1M sh
- $11.04
- low $10.83high $14.12
The ETF.net TYA Grade
D
Score 25 out of 100
- 19 of 19
Score 25 of 100 falls in the D 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.C40 out of 100Rank 17 of 17Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F24 out of 100Rank 18 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F23 out of 100Rank 16 of 19Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C44 out of 100Rank 14 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B60 out of 100Rank 8 of 19
Our read on TYA
DMost intermediate Treasury funds own intermediate Treasuries. TYA stacks intermediate-curve Treasury futures to target the duration of the ICE 20+ Year US Treasury Index, sourcing long-end rate exposure from the belly of the curve.
The fund seeks quarterly total returns that match or exceed the ICE US Treasury 20+ Year Index before fees and expenses. It uses intermediate-curve Treasury futures to target the duration of that long-term Treasury index.
Why people hold it
- Unusual mandate: it aims for quarterly total returns matching or beating the ICE 20+ Year US Treasury Index before fees, built from intermediate Treasury futures rather than 30-year bonds.simplify.us
- Nothing else in its intermediate Treasury cohort works this way. Peers like SPTI and SCHR simply hold the 3-10 year part of the curve.
- Duration is delivered through futures, not a pile of cash long bonds, and the fund distributes monthly.
- Live since 2021, so there is a multi-year record of the strategy running in real markets rather than a backtest.
Worth knowing
- It charges 0.25%, above the cohort median near 0.15% and many times the plain trackers: SPTI and SCHR run 0.03%.
- Intermediate label, long-end sensitivity. Targeting a 20+ year index's duration means rate moves hit the price much harder than in a straight 3-10 year Treasury fund.
- Futures rolls, margin and collateral add moving parts a cash bond fund does not have, and as a moderately traded fund its spreads can run wider than the cohort's giants.
TYA Holdings
- Bonds
- 3
- 100%
- Us 10YR Note (CBT)DEC26
Sectors
- Financials100.0%
Geography
- United States100.00%
TYA 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.
TYA$8,273
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 | TYA |
|---|---|
| Year to date | −16.1% |
| 1 month | −4.2% |
| 3 months | −11.0% |
| 1 year | −17.3% |
| 3 years | +0.2% |
| 5 years | −12.0% |
| 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 | TYA |
|---|---|---|
| 2026 YTD | −16.1% | |
| 2025 | +14.4% | |
| 2024 | −9.7% | |
| 2023 | −2.3% | |
| 2022 | −37.6% | |
| 2021 | −0.7% |
TYA in the news
TYA Dividends
- 4.34%
- $0.48
- $0.05 per share
- Monthly
Distribution history
TYA Risk
- 16.9%
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.
- −0.23
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.
- −51.0%
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.
- 2.93
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TYA Cost
0.25%
TYA0.25%
- 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)
- CUSVNUS Treasury 7 Year Note ETFExpense ratio 0.15%1 year return −3.4%
- CTUASimplify Short Term Treasury Futures Strategy ETFExpense ratio 0.25%1 year return −10.2%
- 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%