Simplify Interest Rate Hedge ETF (PFIX)

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Simplify Interest Rate Hedge ETF (PFIX) is down 8.2% since the beginning of the year. PFIX is currently trading at $44 per share. Investors who bought $1,000 worth of PFIX shares 5 years ago would now be looking at an investment worth $2,245.

Simplify Interest Rate Hedge ETF (PFIX) has returned -8.21% so far this year and -14.96% over the past 12 months.

Based on dividend-adjusted daily data since May 11, 2021, PFIX's average daily return is +0.08%, while the average monthly return is +1.56%. At this rate, an investment would double in approximately 3.7 years.

Historically, 52% of months were positive and 48% were negative. The best month was Sep 2023 with a return of +25.3%, while the worst month was Nov 2023 at -18.5%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 5 months.

On a daily basis, PFIX closed higher 48% of trading days. The best single day was Apr 7, 2025 with a return of +9.0%, while the worst single day was Dec 1, 2022 at -7.7%.

Simplify Interest Rate Hedge ETF has an annualized alpha of 24.90%, beta of -0.18, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since May 11, 2021.

• This ETF tended to rise when S&P 500 Index fell (downside capture of -395.18%), but participation in market rallies was also limited (-50.01%) - a profile typical of counter-cyclical assets.
• Beta of -0.18 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PFIX has an expense ratio of 0.50%, placing it in the medium range.

PFIX ranks 5 for risk / return — in the bottom 5% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Simplify Interest Rate Hedge ETF provided a 10.58% dividend yield over the last twelve months, with an annual payout of $4.60 per share.

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.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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 36.17%, occurring on Dec 15, 2023. Recovery took 335 trading sessions.

The current Simplify Interest Rate Hedge ETF drawdown is 24.31%.

The chart below shows the rolling one-month volatility.