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
PFIX features an expense ratio of 0.50%, falling within the medium range.
Share Price Chart
Loading data...
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 24.74% year-to-date (YTD) and 36.43% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 24.74% | 13.20% |
| 1 month | 10.87% | -1.28% |
| 6 months | 5.20% | 10.32% |
| 1 year | 36.43% | 18.23% |
| 5 years (annualized) | N/A | 12.31% |
| 10 years (annualized) | N/A | 10.58% |
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% | 24.74% | ||||||
| 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% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PFIX is 50, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative 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 granted a 66.26% dividend yield in the last twelve months. The annual payout for that period amounted to $32.59 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $32.59 | $32.40 | $0.45 | $0.00 |
Dividend yield | 66.26% | 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 | $0.00 | $0.69 | |||||
| 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.
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 21.67%.
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 11.94%, 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.