EQLS vs. BFLX

Last updated Jul 17, 2026

EQLS (Simplify Market Neutral Equity Long/Short ETF) and BFLX (iShares Flexible Equity Active ETF) are both Long-Short funds. Both are actively managed. EQLS charges 1.00%/yr vs 0.40%/yr for BFLX.

Performance

EQLS vs. BFLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Market Neutral Equity Long/Short ETF (EQLS) and iShares Flexible Equity Active ETF (BFLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EQLS

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BFLX

• 1D: -0.43%
• 1M: -1.16%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EQLS vs. BFLX - Yearly Performance Comparison

	2026 (YTD)
EQLS Simplify Market Neutral Equity Long/Short ETF	0.00%
BFLX iShares Flexible Equity Active ETF	0.50%

Return for Risk

EQLS vs. BFLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Market Neutral Equity Long/Short ETF (EQLS) and iShares Flexible Equity Active ETF (BFLX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Drawdown Indicators

	EQLS	BFLX	Difference
Max Drawdown Largest peak-to-trough decline	—	-3.85%	—
Current Drawdown Current decline from peak	—	-2.25%	—
Average Drawdown Average peak-to-trough decline	—	-1.37%	—

Volatility

Volatility by Period

	EQLS	BFLX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	14.09%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.09%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	14.09%	—

EQLS vs. BFLX - Expense Ratio Comparison

EQLS has a 1.00% expense ratio, which is higher than BFLX's 0.40% expense ratio.

Dividends

EQLS vs. BFLX - Dividend Comparison

Neither EQLS nor BFLX has paid dividends to shareholders.

Position	TTM	2025	2024	2023
BFLX iShares Flexible Equity Active ETF	0.00%	0.00%	0.00%	0.00%
EQLS Simplify Market Neutral Equity Long/Short ETF	0.00%	0.45%	0.95%	8.50%

Frequently Asked Questions

Which ETF is better, EQLS or BFLX?

On fees, BFLX is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EQLS or BFLX?

BFLX is cheaper with a 0.40% expense ratio, compared with 1.00% for EQLS.

Which ETF pays a higher dividend yield, EQLS or BFLX?

EQLS and BFLX have nearly identical dividend yields, around 0.00%.

What is the main difference between EQLS and BFLX?

They also come from different issuers: Simplify and iShares. Their fees differ too: 1.00% for EQLS and 0.40% for BFLX.