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This paper presents a three-dimensional fluid-structure-coupled simulation of a flexible caudal fin with different trailing-edge shapes. The influences of caudal-fin shape on hydrodynamic performance are investigated by comparing the results of a simplified model of a square caudal fin with forked and deeply forked caudal fins under a wider range of non-dimensional flapping frequency, 0.6 < f* < 1.5, where f* is the ratio of flapping frequency to the natural frequency of each caudal fin, i.e., f* = f/fn. The leading edge of each caudal fin is forced to oscillate vertically in a water tank with zero free-stream conditions. The numerical results show that the amount of forking in the geometry of the caudal fin has significant effects on its hydrodynamic performance. A comparison of thrust coefficients shows that the square caudal fin has a greater thrust coefficient in the non-dimensional frequency range of 0.6 < f* < 1.2, while the deeply forked caudal fin generates higher thrust when 1.2 < f* < 1.5. In terms of propulsive efficiency, the square caudal fin is more efficient when 0.6 < f* < 0.9, while the propulsive efficiency of a deeply forked caudal fin is significantly enhanced when 0.9 < f* < 1.5. Based on our results, the deeply forked caudal fin has greater thrust coefficients and a higher propulsive efficiency in a higher frequency range than the natural frequency of each caudal fin. The thrust characteristics and flow fields around each caudal fin are investigated in detail. [ABSTRACT FROM AUTHOR]