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
May 10, 2021
North America (U.S.)
1x
No Index (Active)
Share Price Chart
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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 29.07% year-to-date (YTD) and 1.40% in the last 12 months.
PFIX
29.07%
2.46%
6.26%
1.40%
N/A
N/A
^GSPC (Benchmark)
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Monthly Returns
The table below presents the monthly returns of PFIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 8.86% | 7.66% | -3.88% | 21.34% | -8.47% | -2.99% | -5.07% | -5.95% | -2.45% | 17.83% | 29.07% | ||
| 2023 | -16.47% | 8.46% | -5.90% | 3.05% | 5.56% | -4.87% | 8.07% | 12.84% | 25.25% | 12.66% | -18.46% | -20.23% | -1.27% |
| 2022 | 8.29% | 4.82% | 16.97% | 17.24% | -6.43% | 3.29% | -10.14% | 11.46% | 20.76% | 13.96% | -12.82% | 6.24% | 92.06% |
| 2021 | -2.25% | -15.30% | -2.08% | -1.94% | 2.28% | -1.35% | -1.50% | -5.00% | -24.95% |
Expense Ratio
PFIX features an expense ratio of 0.50%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PFIX is 7, indicating that it is in the bottom 7% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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 provided a 66.07% dividend yield over the last twelve months, with an annual payout of $33.05 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $33.05 | $32.40 | $0.45 | $0.00 |
Dividend yield | 66.07% | 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.07 | $0.10 | $0.10 | $0.12 | $0.14 | $0.16 | $0.18 | $0.20 | $0.20 | $0.18 | $0.00 | $1.45 | |
| 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 | $32.40 |
| 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 | $0.45 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
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.
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 39.52%, occurring on Sep 16, 2024. The portfolio has not yet recovered.
The current Simplify Interest Rate Hedge ETF drawdown is 18.95%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -39.52% | Oct 23, 2023 | 226 | Sep 16, 2024 | — | — | — |
| -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 11.96%, 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.