Simplify Intermediate Term Treasury Futures Strategy ETF
$11.23−0.36 (−3.11%)
- Expense ratio
- 0.25%
- Fund size
- $43M
- 1Y return
- −12.4%
- Yield · Last 12 months
- 3.97%
- Holdings
- 7
- Volume · 30D
- 0.1M sh
- NAV per share
- $11.57
- 52W range
The ETF.net TYA Grade
Score 25 of 100 sits in the D 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.FScore 3Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.CScore 40Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 23Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 27Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 44Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 61Category rank
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
- 7
- 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.
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 | TYA |
|---|---|
| Year to date | −12.4% |
| 1 month | −5.3% |
| 3 months | −7.2% |
| 1 year | −12.4% |
| 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 | TYA |
|---|---|---|
| 2026 YTD | −12.4% | |
| 2025 | +14.4% | |
| 2024 | −9.7% | |
| 2023 | −2.3% | |
| 2022 | −37.6% | |
| 2021 | −0.7% |
TYA in the news
ETF.net Research hasn’t filed on TYA yet — coverage lands here as it’s written.
TYA Dividends
- 3.97%
- $0.46
- $0.04 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 26, 2026 | Aug 31, 2026 | $0.04 |
| Jul 28, 2026 | Jul 31, 2026 | $0.04 |
| Jun 25, 2026 | Jun 30, 2026 | $0.03 |
| May 26, 2026 | May 29, 2026 | $0.03 |
| Apr 27, 2026 | Apr 30, 2026 | $0.04 |
| Mar 26, 2026 | Mar 31, 2026 | $0.03 |
| Feb 24, 2026 | Feb 27, 2026 | $0.03 |
| Jan 27, 2026 | Jan 30, 2026 | $0.02 |
| Dec 23, 2025 | Dec 31, 2025 | $0.09 |
| Nov 21, 2025 | Nov 28, 2025 | $0.05 |
| Oct 28, 2025 | Oct 31, 2025 | $0.03 |
| Sep 25, 2025 | Sep 30, 2025 | $0.03 |
TYA Risk
- 16.8%
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.
- −51.1%
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
- The middle half of Treasuries (3-10 Year) funds
- Median 0.14%
16 of the 18 Treasuries (3-10 Year) funds charge less.