DBEF vs. PFIX

Last updated Jun 4, 2026

DBEF (Xtrackers MSCI EAFE Hedged Equity ETF) and PFIX (Simplify Interest Rate Hedge ETF) are both Hedge Fund funds. DBEF is passively managed, while PFIX is actively managed. Over the past 5 years, DBEF returned 13.11%/yr vs 16.86%/yr for PFIX. At a correlation of -0.04, they often move in opposite directions. DBEF charges 0.36%/yr vs 0.50%/yr for PFIX.

Performance

DBEF vs. PFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) and Simplify Interest Rate Hedge ETF (PFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBEF achieves a 10.25% return, which is significantly higher than PFIX's -2.55% return.

DBEF

• 1D: -0.47%
• 1M: 4.76%
• YTD: 10.25%
• 6M: 12.54%
• 1Y: 24.51%
• 3Y*: 17.72%
• 5Y*: 13.11%
• 10Y*: 12.12%

PFIX

• 1D: 0.36%
• 1M: -3.76%
• YTD: -2.55%
• 6M: 1.53%
• 1Y: -15.57%
• 3Y*: 14.54%
• 5Y*: 16.86%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DBEF vs. PFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DBEF Xtrackers MSCI EAFE Hedged Equity ETF	10.25%	23.16%	13.40%	20.15%	-5.13%	9.44%
PFIX Simplify Interest Rate Hedge ETF	-2.55%	0.42%	35.94%	5.67%	92.05%	-24.95%

Correlation

The correlation between DBEF and PFIX is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	-0.11
Correlation (5Y) Calculated over the trailing 5-year period	-0.04
Correlation (All Time) Calculated using the full available price history since May 12, 2021	-0.05

The correlation between DBEF and PFIX shifts across timeframes, from -0.14 (1 year) to -0.04 (5 years), reflecting how their relationship changes across market environments.

DBEF vs. PFIX - Sectors Allocation Comparison

Sectors	DBEF	PFIX
Financial Services	24.6%	32.2%
Industrials	19.9%	-
Healthcare	10.5%	-
Technology	10.3%	-
Consumer Cyclical	7.5%	-
Consumer Defensive	6.8%	-
Basic Materials	5.9%	-
Communication Services	4.5%	-
Energy	4.1%	-
Utilities	3.9%	-
Real Estate	1.9%	-

Return for Risk

DBEF vs. PFIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DBEF

DBEF Risk / Return Rank: 57
DBEF Sharpe Ratio Rank: 57
DBEF Sortino Ratio Rank: 58
DBEF Omega Ratio Rank: 59
DBEF Calmar Ratio Rank: 52
DBEF Martin Ratio Rank: 60

PFIX

PFIX Risk / Return Rank: 4
PFIX Sharpe Ratio Rank: 4
PFIX Sortino Ratio Rank: 4
PFIX Omega Ratio Rank: 4
PFIX Calmar Ratio Rank: 4
PFIX Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DBEF vs. PFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) and Simplify Interest Rate Hedge ETF (PFIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DBEF	PFIX	Difference
Sharpe ratio: Return per unit of total volatility	1.99	-0.52	+2.51
Sortino ratio: Return per unit of downside risk	2.80	-0.58	+3.39
Omega ratio: Gain probability vs. loss probability	1.37	0.93	+0.43
Calmar ratio: Return relative to maximum drawdown	2.62	-0.61	+3.22
Martin ratio: Return relative to average drawdown	11.01	-0.96	+11.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBEF vs. PFIX - Sharpe Ratio Comparison

The current DBEF Sharpe Ratio is 1.99, which is higher than the PFIX Sharpe Ratio of -0.52. The chart below compares the historical Sharpe Ratios of DBEF and PFIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DBEF	PFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	-0.52	+2.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.96	0.44	+0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.39	+0.16

Drawdowns

DBEF vs. PFIX - Drawdown Comparison

The maximum DBEF drawdown since its inception was -32.46%, smaller than the maximum PFIX drawdown of -36.17%. Use the drawdown chart below to compare losses from any high point for DBEF and PFIX.

Drawdown Indicators

	DBEF	PFIX	Difference
Max Drawdown Largest peak-to-trough decline	-32.46%	-36.17%	+3.71%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	-25.64%	+16.23%
Max Drawdown (3Y) Largest decline over 3 years	-14.62%	-36.17%	+21.55%
Max Drawdown (5Y) Largest decline over 5 years	-14.95%	-36.17%	+21.22%
Max Drawdown (10Y) Largest decline over 10 years	-32.46%	—	—
Current Drawdown Current decline from peak	-0.47%	-19.65%	+19.18%
Average Drawdown Average peak-to-trough decline	-4.74%	-17.13%	+12.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	16.35%	-14.12%

Volatility

DBEF vs. PFIX - Volatility Comparison

The current volatility for Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) is 3.99%, while Simplify Interest Rate Hedge ETF (PFIX) has a volatility of 7.51%. This indicates that DBEF experiences smaller price fluctuations and is considered to be less risky than PFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBEF	PFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	7.51%	-3.52%
Volatility (6M) Calculated over the trailing 6-month period	10.14%	20.89%	-10.75%
Volatility (1Y) Calculated over the trailing 1-year period	12.37%	30.32%	-17.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.74%	38.50%	-24.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.79%	38.35%	-22.56%

DBEF vs. PFIX - Expense Ratio Comparison

DBEF has a 0.36% expense ratio, which is lower than PFIX's 0.50% expense ratio.

Dividends

DBEF vs. PFIX - Dividend Comparison

DBEF's dividend yield for the trailing twelve months is around 5.03%, less than PFIX's 9.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBEF Xtrackers MSCI EAFE Hedged Equity ETF	5.03%	5.55%	1.29%	4.46%	15.85%	2.28%	2.41%	3.03%	3.22%	2.98%	2.55%	3.70%
PFIX Simplify Interest Rate Hedge ETF	9.96%	9.92%	3.40%	87.92%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DBEF and PFIX in my portfolio?

DBEF and PFIX have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBEF or PFIX?

PFIX has higher volatility (7.51%) compared to DBEF (3.99%). In terms of maximum drawdown, DBEF dropped -32.46% vs PFIX's -36.17%.

Which ETF is better, DBEF or PFIX?

On 5-year performance, PFIX leads with 16.86% vs 13.11% for DBEF. On fees, DBEF is cheaper at 0.36% per year. On volatility, DBEF has been the lower-risk option at 3.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DBEF or PFIX?

Over the 5-year period, PFIX has performed better with a 16.86% return vs 13.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DBEF or PFIX?

DBEF is cheaper with a 0.36% expense ratio, compared with 0.50% for PFIX.

Which ETF pays a higher dividend yield, DBEF or PFIX?

PFIX has the higher dividend yield at 9.96%, compared with 5.03% for DBEF.

What is the main difference between DBEF and PFIX?

They also come from different issuers: DWS and Simplify. Their fees differ too: 0.36% for DBEF and 0.50% for PFIX.

Which has better risk-adjusted returns?

DBEF currently has the higher Sharpe Ratio (1.99 vs -0.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.