DSTL vs. PFIX

Last updated Jun 3, 2026

DSTL (Distillate U.S. Fundamental Stability & Value ETF) and PFIX (Simplify Interest Rate Hedge ETF) are both exchange-traded funds - DSTL is a Large Cap Value Equities fund actively managed by Distillate Capital, while PFIX is a Hedge Fund fund actively managed by Simplify. Both are actively managed. Over the past 5 years, DSTL returned 9.36%/yr vs 16.28%/yr for PFIX. At a correlation of -0.12, they often move in opposite directions. DSTL charges 0.39%/yr vs 0.50%/yr for PFIX.

Performance

DSTL vs. PFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Distillate U.S. Fundamental Stability & Value ETF (DSTL) 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, DSTL achieves a 3.25% return, which is significantly higher than PFIX's -2.90% return.

DSTL

• 1D: -0.48%
• 1M: 1.44%
• YTD: 3.25%
• 6M: 4.52%
• 1Y: 14.96%
• 3Y*: 13.32%
• 5Y*: 9.36%
• 10Y*: —

PFIX

• 1D: 0.18%
• 1M: -1.44%
• YTD: -2.90%
• 6M: 0.38%
• 1Y: -15.26%
• 3Y*: 14.40%
• 5Y*: 16.28%
• 10Y*: —

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

DSTL vs. PFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DSTL Distillate U.S. Fundamental Stability & Value ETF	3.25%	8.71%	12.78%	22.71%	-10.64%	12.78%
PFIX Simplify Interest Rate Hedge ETF	-2.90%	0.42%	35.94%	5.67%	92.05%	-24.95%

Correlation

The correlation between DSTL and PFIX is -0.21, 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	-0.21
Correlation (3Y) Calculated over the trailing 3-year period	-0.20
Correlation (5Y) Calculated over the trailing 5-year period	-0.12
Correlation (All Time) Calculated using the full available price history since May 12, 2021	-0.12

DSTL vs. PFIX - Sectors Allocation Comparison

Sectors	DSTL	PFIX
Technology	26.7%	-
Healthcare	20.3%	-
Industrials	15.9%	-
Consumer Cyclical	11.6%	-
Communication Services	7.6%	-
Financial Services	6.9%	32.2%
Energy	5.6%	-
Consumer Defensive	3.5%	-
Utilities	1.0%	-
Basic Materials	0.7%	-
Real Estate	-	-

Return for Risk

DSTL vs. PFIX — Risk / Return Rank

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

DSTL

DSTL Risk / Return Rank: 35
DSTL Sharpe Ratio Rank: 35
DSTL Sortino Ratio Rank: 36
DSTL Omega Ratio Rank: 32
DSTL Calmar Ratio Rank: 36
DSTL Martin Ratio Rank: 34

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: 5

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.

DSTL vs. PFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Distillate U.S. Fundamental Stability & Value ETF (DSTL) 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.

	DSTL	PFIX	Difference
Sharpe ratio Return per unit of total volatility	1.27	-0.51	+1.77
Sortino ratio Return per unit of downside risk	1.92	-0.57	+2.48
Omega ratio Gain probability vs. loss probability	1.22	0.94	+0.28
Calmar ratio Return relative to maximum drawdown	1.77	-0.50	+2.27
Martin ratio Return relative to average drawdown	5.35	-0.79	+6.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DSTL vs. PFIX - Sharpe Ratio Comparison

The current DSTL Sharpe Ratio is 1.27, which is higher than the PFIX Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of DSTL 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

	DSTL	PFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	-0.51	+1.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.43	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.39	+0.33

Drawdowns

DSTL vs. PFIX - Drawdown Comparison

The maximum DSTL drawdown since its inception was -33.09%, smaller than the maximum PFIX drawdown of -36.17%. Use the drawdown chart below to compare losses from any high point for DSTL and PFIX.

Drawdown Indicators

	DSTL	PFIX	Difference
Max Drawdown Largest peak-to-trough decline	-33.09%	-36.17%	+3.08%
Max Drawdown (1Y) Largest decline over 1 year	-8.30%	-25.64%	+17.34%
Max Drawdown (3Y) Largest decline over 3 years	-16.92%	-36.17%	+19.25%
Max Drawdown (5Y) Largest decline over 5 years	-20.10%	-36.17%	+16.07%
Current Drawdown Current decline from peak	-1.93%	-19.94%	+18.01%
Average Drawdown Average peak-to-trough decline	-4.15%	-17.13%	+12.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	16.31%	-13.56%

Volatility

DSTL vs. PFIX - Volatility Comparison

The current volatility for Distillate U.S. Fundamental Stability & Value ETF (DSTL) is 3.35%, while Simplify Interest Rate Hedge ETF (PFIX) has a volatility of 8.05%. This indicates that DSTL 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

	DSTL	PFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.35%	8.05%	-4.70%
Volatility (6M) Calculated over the trailing 6-month period	8.34%	21.05%	-12.71%
Volatility (1Y) Calculated over the trailing 1-year period	11.85%	30.45%	-18.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.75%	38.50%	-22.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.39%	38.36%	-18.97%

DSTL vs. PFIX - Expense Ratio Comparison

DSTL has a 0.39% expense ratio, which is lower than PFIX's 0.50% expense ratio.

Dividends

DSTL vs. PFIX - Dividend Comparison

DSTL's dividend yield for the trailing twelve months is around 1.23%, less than PFIX's 10.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DSTL Distillate U.S. Fundamental Stability & Value ETF	1.23%	1.31%	1.34%	1.30%	1.35%	1.01%	0.83%	0.97%
PFIX Simplify Interest Rate Hedge ETF	10.00%	9.92%	3.40%	87.92%	0.63%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DSTL and PFIX in my portfolio?

DSTL and PFIX have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DSTL or PFIX?

PFIX has higher volatility (8.05%) compared to DSTL (3.35%). In terms of maximum drawdown, DSTL dropped -33.09% vs PFIX's -36.17%.

Which ETF is better, DSTL or PFIX?

On 5-year performance, PFIX leads with 16.28% vs 9.36% for DSTL. On fees, DSTL is cheaper at 0.39% per year. On volatility, DSTL has been the lower-risk option at 3.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DSTL or PFIX?

Over the 5-year period, PFIX has performed better with a 16.28% return vs 9.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DSTL or PFIX?

DSTL is cheaper with a 0.39% expense ratio, compared with 0.50% for PFIX.

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

PFIX has the higher dividend yield at 10.00%, compared with 1.23% for DSTL.

What is the main difference between DSTL and PFIX?

DSTL is categorized as Large Cap Value Equities, while PFIX is Hedge Fund. They also come from different issuers: Distillate Capital and Simplify. Their fees differ too: 0.39% for DSTL and 0.50% for PFIX.

Which has better risk-adjusted returns?

DSTL currently has the higher Sharpe Ratio (1.27 vs -0.51), 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.