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BUCKSimplify Treasury Option Income ETF

Get income3y track recordRanked #444 of 1,622 in this goal

Seeks to provide monthly income.

By Simplify Asset Management · Launched 2022

Annual Cost

0.35%

#1,706 of 5,562 · low cost

Fund Size

$438M

#1,675 of 5,562 · large

Dividend YieldGoal

7.43%

Track Record

3 years

#2,833 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,742+7.4%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

What it actually holds

By weight

Concentration

Top 10 holdings = 100.0% of fundconcentrated

Simplify Government Money Market ETF
99.9%
DREYFUS TRSY OBLIG CASH M
0.0%
BOARD OF TRADE OF THE CITY OF CHICAGO, INC.USH6
0.0%
BOARD OF TRADE OF THE CITY OF CHICAGO, INC.USH6
0.0%
BOARD OF TRADE OF THE CITY OF CHICAGO, INC.USH6
0.0%
BOARD OF TRADE OF THE CITY OF CHICAGO, INC.USH6
0.0%
BOARD OF TRADE OF THE CITY OF CHICAGO, INC.USH6
0.0%
BOARD OF TRADE OF THE CITY OF CHICAGO, INC.2CH6
0.0%
BOARD OF TRADE OF THE CITY OF CHICAGO, INC.2CF6C123
0.0%
BOARD OF TRADE OF THE CITY OF CHICAGO, INC.USH6
0.0%

Asset allocation

Cash
67.8%
Bonds
32.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
3.0%Low

Year-on-year price swings

Max drawdown
-5.4%Mild

Worst peak-to-trough loss

Sharpe (3Y)
0.44Below average
Sortino (3Y)
0.58Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to provide monthly income.
Strategy
Invests primarily in U.S. Treasury securities and ETFs focused on Treasuries. Employs interest income and option strategies to generate income reflective of short-term rates.
Inception date
October 27, 2022
Fund family
Simplify Asset Management

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19