# Simplify Interest Rate Hedge ETF (PFIX)

PFIX is an actively managed ETF by **Simplify Asset Management Inc.**. PFIX launched on May 10, 2021 and has a 0.50% expense ratio.

## ETF Info

Issuer | Simplify Asset Management Inc. |
---|---|

Inception Date | May 10, 2021 |

Region | North America (U.S.) |

Category | Hedge Fund, Actively Managed |

Index Tracked | No Index (Active) |

Asset Class | Alternatives |

## Expense Ratio

The **Simplify Interest Rate Hedge ETF** has a high expense ratio of **0.50%**, indicating higher-than-average management fees.

## Share Price Chart

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## Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

## Performance

### Performance Chart

The chart shows the growth of an initial investment of $10,000 in **Simplify Interest Rate Hedge ETF**, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

### Returns By Period

**Simplify Interest Rate Hedge ETF** had a return of 38.02% year-to-date (YTD) and 54.56% in the last 12 months.

Period | Return | Benchmark |
---|---|---|

Year-To-Date | 38.02% | 5.90% |

1 month | 15.23% | -1.28% |

6 months | -7.15% | 15.51% |

1 year | 54.56% | 21.68% |

5 years (annualized) | N/A | 11.74% |

10 years (annualized) | N/A | 10.50% |

### Monthly Returns Heatmap

Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|

2024 | 8.86% | 7.66% | -3.88% | |||||||||

2023 | 25.25% | 12.66% | -18.46% | -20.23% |

## Risk-Adjusted Performance

### Risk-Adjusted Performance Rank

###### Simplify Interest Rate Hedge ETF(PFIX)

### Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Simplify Interest Rate Hedge ETF (PFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

## Dividends

### Dividend History

**Simplify Interest Rate Hedge ETF** granted a **59.33%** dividend yield in the last twelve months. The annual payout for that period amounted to **$32.57** per share.

Period | TTM | 2023 | 2022 | 2021 |
---|---|---|---|---|

Dividend | $32.57 | $32.40 | $0.45 | $0.00 |

Dividend yield | 59.33% | 80.99% | 0.63% | 0.00% |

### Monthly Dividends

The table displays the monthly dividend distributions for **Simplify Interest Rate Hedge ETF**. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|

2024 | $0.07 | $0.10 | $0.10 | |||||||||

2023 | $0.10 | $0.00 | $0.00 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $31.50 |

2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.03 | $0.05 | $0.05 | $0.12 | $0.18 |

2021 | $0.00 | $0.00 | $0.00 | $0.00 |

## Drawdowns

### Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.

### Worst Drawdowns

The table below displays the maximum drawdowns of the **Simplify Interest Rate Hedge ETF**. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the **Simplify Interest Rate Hedge ETF** was **39.17%**, occurring on **Dec 27, 2023**. The portfolio has not yet recovered.

The current Simplify Interest Rate Hedge ETF drawdown is **13.33%**.

Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|

-39.17% | Oct 23, 2023 | 46 | Dec 27, 2023 | — | — | — |

-32.2% | Oct 25, 2022 | 69 | Feb 2, 2023 | 159 | Sep 21, 2023 | 228 |

-26.04% | May 13, 2021 | 162 | Dec 31, 2021 | 59 | Mar 28, 2022 | 221 |

-25.57% | Jun 15, 2022 | 32 | Aug 1, 2022 | 39 | Sep 26, 2022 | 71 |

-18.75% | May 9, 2022 | 15 | May 27, 2022 | 11 | Jun 14, 2022 | 26 |

## Volatility

### Volatility Chart

The current Simplify Interest Rate Hedge ETF volatility is **13.44%**, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.