Simplify Interest Rate Hedge ETF (PFIX) belongs to the Hedge Fund category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PFIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PFIX
PFIX charges 0.50% annually. There is 1 ETF in the Hedge Fund category with a lower expense ratio, going as low as 0.36%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers MSCI EAFE Hedged Equity ETF | 0.36% | 8.81B | Jun 2011 | PFIX vs DBEF | |
| SPDR SSgA Multi-Asset Real Return ETF | 0.50% | 1.21B | Apr 2012 | PFIX vs RLY | |
| RPAR Risk Parity ETF | 0.51% | 607.77M | Dec 2019 | PFIX vs RPAR | |
| Global X Russell 2000 Covered Call ETF | 0.60% | 1.34B | Apr 2019 | PFIX vs RYLD | |
| Global X NASDAQ 100 Tail Risk ETF | 0.60% | 7.81M | Aug 2021 | PFIX vs QTR |
Best Risk-Adjusted Alternatives to PFIX
PFIX has a PortfoliosLab risk / return rank of 4. There are 19 ETFs in the Hedge Fund category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR SSgA Multi-Asset Real Return ETF | 92 | 1.21B | Apr 2012 | PFIX vs RLY | |
| Proshares Merger ETF | 90 | 15.87M | Dec 2012 | PFIX vs MRGR | |
| WisdomTree Managed Futures Strategy Fund | 85 | 233.61M | Jan 2011 | PFIX vs WTMF | |
| First Trust Managed Futures Strategy Fund | 78 | 259.69M | Aug 2013 | PFIX vs FMF | |
| Gadsden Dynamic Multi-Asset ETF | 74 | 160.49M | Nov 2018 | PFIX vs GDMA |
Top Performing PFIX Alternatives (YTD)
PFIX is at -2.55% YTD. There are 19 ETFs in the Hedge Fund category with higher YTD returns, going as high as 17.64%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Global X NASDAQ 100 Tail Risk ETF | 17.64% | 7.81M | Aug 2021 | PFIX vs QTR | |
| First Trust Dorsey Wright Dynamic Focus 5 ETF | 17.30% | 110.36M | Mar 2016 | PFIX vs FVC | |
| SPDR SSgA Multi-Asset Real Return ETF | 17.13% | 1.21B | Apr 2012 | PFIX vs RLY | |
| Cambria Global Momentum ETF | 11.55% | 70.43M | Nov 2014 | PFIX vs GMOM | |
| Gadsden Dynamic Multi-Asset ETF | 11.18% | 160.49M | Nov 2018 | PFIX vs GDMA |
Lowest Volatility Alternatives to PFIX
PFIX has 30.32% 1-year volatility. There are 19 ETFs in the Hedge Fund category with lower 1-year volatility, going as low as 2.89%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Merger Arbitrage ETF | 2.89% | 90.93M | May 2020 | PFIX vs ARB | |
| Proshares Merger ETF | 4.11% | 15.87M | Dec 2012 | PFIX vs MRGR | |
| IQ Merger Arbitrage ETF | 4.74% | 253.18M | Nov 2009 | PFIX vs MNA | |
| WisdomTree Managed Futures Strategy Fund | 8.63% | 233.61M | Jan 2011 | PFIX vs WTMF | |
| First Trust Managed Futures Strategy Fund | 9.66% | 259.69M | Aug 2013 | PFIX vs FMF |
Lowest Drawdown Alternatives to PFIX
PFIX has a 1-year max drawdown of -25.64%. There are 19 ETFs in the Hedge Fund category with shallower 1-year drawdowns, going as shallow as -0.69%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Merger Arbitrage ETF | -0.69% | 90.93M | May 2020 | PFIX vs ARB | |
| Proshares Merger ETF | -1.29% | 15.87M | Dec 2012 | PFIX vs MRGR | |
| IQ Merger Arbitrage ETF | -1.40% | 253.18M | Nov 2009 | PFIX vs MNA | |
| First Trust Managed Futures Strategy Fund | -3.42% | 259.69M | Aug 2013 | PFIX vs FMF | |
| SPDR SSgA Multi-Asset Real Return ETF | -3.71% | 1.21B | Apr 2012 | PFIX vs RLY |
Other ETFs from Simplify
The 10 most viewed Simplify ETFs shown here include SVOL, CTA, HEQT and span 12 categories. AUM among these funds goes as high as $2B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | Volatility | 18 | -0.40% | 563.43M | May 2021 | PFIX vs SVOL | |
| Simplify Managed Futures Strategy ETF | Systematic Trend | 24 | 12.30% | 1.55B | Mar 2022 | PFIX vs CTA | |
| Simplify Hedged Equity ETF | Options Trading | 70 | 4.95% | 323.34M | Nov 2021 | PFIX vs HEQT | |
| Simplify Bitcoin Strategy PLUS Income ETF | Cryptocurrency | 1 | -33.46% | 29.47M | Sep 2022 | PFIX vs MAXI | |
| Simplify High Yield PLUS Credit Hedge ETF | High Yield Bonds | 5 | -2.44% | 406.85M | Feb 2022 | PFIX vs CDX | |
| Simplify Treasury Option Income ETF | Government Bonds, Ultrashort Bond, Derivative Income | 87 | 1.90% | 438.06M | Oct 2022 | PFIX vs BUCK | |
| Simplify Enhanced Income ETF | Derivative Income, Dividend | 5 | -0.38% | 75.42M | Oct 2022 | PFIX vs HIGH | |
| Simplify Aggregate Bond ETF | Intermediate Core Bond | 44 | 0.48% | 493.82M | Feb 2022 | PFIX vs AGGH | |
| Simplify MBS ETF | Mortgage Backed Securities | 45 | -0.23% | 1.57B | Nov 2023 | PFIX vs MTBA | |
| Simplify Commodities Strategy No K-1 ETF | Commodities | 29 | 14.81% | 114.49M | Mar 2023 | PFIX vs HARD |
Often Compared With PFIX
Investors most often compare PFIX with TBT, RFIX, DBMF. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare PFIX with Any Fund or Stock
Compare PFIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PFIX with funds that move differently
Simplify Interest Rate Hedge ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PFIX.
Explore PFIX Diversifiers