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Simplify Interest Rate Hedge ETF (PFIX) Sharpe Ratio: -0.43

ETF · Currency in USD · Last updated Jun 24, 2026

The Simplify Interest Rate Hedge ETF is an actively managed ETF designed to hedge against rising long-term interest rates and increased fixed income volatility using OTC interest rate options and Treasury holdings.

PFIX's Sharpe Ratio of -0.43 indicates that for each unit of volatility, it generates -0.43 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

PFIX Sharpe Ratio Rank

PFIX Sharpe Ratio Rank: 5.35
Concerning

PFIX ranks above 5.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

PFIX Sharpe Ratio Market Positioning

The chart shows PFIX's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.83 or lower
  • Yellow zone (middle 50%): 0.83 to 2.16
  • Green zone (top 25%): 2.16 or higher
  • Top 1%: 6.94+
  • Median: 1.58 — half of all investments score higher

How it compares to other similar ETFs

The table compares Simplify Interest Rate Hedge ETF's Sharpe Ratio with other ETFs in the Hedge Fund category across multiple time periods, showing how PFIX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
MRGRProshares Merger ETF2.65
WTMFWisdomTree Managed Futures Strategy Fund2.30
RLYSPDR SSgA Multi-Asset Real Return ETF2.20
GDMAGadsden Dynamic Multi-Asset ETF2.00
FMFFirst Trust Managed Futures Strategy Fund1.90
QTRGlobal X NASDAQ 100 Tail Risk ETF1.81
SHUSSyntax Stratified U.S. Total Market Hedged ETF1.66
ADMEAptus Drawdown Managed Equity ETF1.64
ARBAltShares Merger Arbitrage ETF1.61
GMOMCambria Global Momentum ETF1.60
PFIXSimplify Interest Rate Hedge ETF-0.43

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows PFIX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when PFIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does PFIX fit in your portfolio?

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