FOXY vs. VABS

Last updated Aug 2, 2026

FOXY (Simplify Currency Strategy ETF) and VABS (Virtus Newfleet ABS/MBS ETF) are both exchange-traded funds - FOXY is a Leveraged Currency fund actively managed by Simplify, while VABS is a Mortgage Backed Securities fund actively managed by Virtus. Both are actively managed. Over the past year, FOXY returned 18.10% vs 3.38% for VABS. Their -0.10 correlation means they have often moved in opposite directions in the past. FOXY charges 0.81%/yr vs 0.39%/yr for VABS.

Performance

FOXY vs. VABS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Currency Strategy ETF (FOXY) and Virtus Newfleet ABS/MBS ETF (VABS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FOXY achieves a 10.41% return, which is significantly higher than VABS's 2.04% return.

FOXY

• 1D: 1.46%
• 1M: -3.30%
• 6M: 6.47%
• YTD: 10.41%
• 1Y: 18.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.26%

VABS

• 1D: -0.08%
• 1M: 0.13%
• 6M: 1.54%
• YTD: 2.04%
• 1Y: 3.38%
• 3Y*: 6.16%
• 5Y*: 3.26%
• 10Y*: —
• ALL TIME*: 3.14%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FOXY Simplify Currency Strategy ETF	$2.54M	$2.40M	$2.39M
VABS Virtus Newfleet ABS/MBS ETF	$47.74K	$55.28K	$583.29K

FOXY vs. VABS - Yearly Performance Comparison

	2026 (YTD)	2025
FOXY Simplify Currency Strategy ETF	10.41%	14.71%
VABS Virtus Newfleet ABS/MBS ETF	2.04%	4.72%

Correlation

The correlation between FOXY and VABS is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.17
Correlation (All Time) Calculated using the full available price history since Feb 4, 2025	-0.10

Return for Risk

FOXY vs. VABS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FOXY

FOXY Risk / Return Rank: 86
FOXY Sharpe Ratio Rank: 84
FOXY Sortino Ratio Rank: 87
FOXY Omega Ratio Rank: 83
FOXY Calmar Ratio Rank: 91
FOXY Martin Ratio Rank: 84

VABS

VABS Risk / Return Rank: 85
VABS Sharpe Ratio Rank: 85
VABS Sortino Ratio Rank: 83
VABS Omega Ratio Rank: 91
VABS Calmar Ratio Rank: 90
VABS Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FOXY vs. VABS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Currency Strategy ETF (FOXY) and Virtus Newfleet ABS/MBS ETF (VABS). 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.

	FOXY	VABS	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.98	-0.01
Sortino ratio: Return per unit of downside risk	2.90	2.72	+0.18
Omega ratio: Gain probability vs. loss probability	1.35	1.43	-0.08
Calmar ratio: Return relative to maximum drawdown	3.93	3.80	+0.13
Martin ratio: Return relative to average drawdown	11.42	9.93	+1.49

FOXY vs. VABS - Sharpe Ratio Comparison

The current FOXY Sharpe Ratio is 1.97, which is comparable to the VABS Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of FOXY and VABS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FOXY vs. VABS - Drawdown Comparison

The maximum FOXY drawdown since its inception was -13.09%, which is greater than VABS's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for FOXY and VABS.

Drawdown Indicators

	FOXY	VABS	Difference
Max Drawdown Largest peak-to-trough decline	-13.09%	-7.12%	-5.97%
Max Drawdown (1Y) Largest decline over 1 year	-5.08%	-0.98%	-4.10%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.42%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-7.12%	—
Current Drawdown Current decline from peak	-3.69%	-0.12%	-3.57%
Average Drawdown Average peak-to-trough decline	-2.07%	-1.38%	-0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	0.38%	+1.36%

Volatility

FOXY vs. VABS - Volatility Comparison

Simplify Currency Strategy ETF (FOXY) has a higher volatility of 2.73% compared to Virtus Newfleet ABS/MBS ETF (VABS) at 0.47%. This indicates that FOXY's price experiences larger fluctuations and is considered to be riskier than VABS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FOXY	VABS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	0.47%	+2.26%
Volatility (6M) Calculated over the trailing 6-month period	7.35%	1.14%	+6.21%
Volatility (1Y) Calculated over the trailing 1-year period	10.13%	1.89%	+8.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.60%	2.31%	+12.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.60%	2.22%	+12.38%

FOXY vs. VABS - Expense Ratio Comparison

FOXY has a 0.81% expense ratio, which is higher than VABS's 0.39% expense ratio.

Dividends

FOXY vs. VABS - Dividend Comparison

FOXY's dividend yield for the trailing twelve months is around 8.70%, more than VABS's 5.03% yield.

Position	TTM	2025	2024	2023	2022	2021
FOXY Simplify Currency Strategy ETF	8.70%	5.51%	0.00%	0.00%	0.00%	0.00%
VABS Virtus Newfleet ABS/MBS ETF	5.03%	4.94%	5.05%	4.13%	2.47%	1.47%

Frequently Asked Questions

Can I hold both FOXY and VABS in my portfolio?

FOXY and VABS have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FOXY or VABS?

FOXY has higher volatility (2.73%) compared to VABS (0.47%). In terms of maximum drawdown, FOXY dropped -13.09% vs VABS's -7.12%.

Which ETF is better, FOXY or VABS?

On 1-year performance, FOXY leads with 18.10% vs 3.38% for VABS. On fees, VABS is cheaper at 0.39% per year. On volatility, VABS has been the lower-risk option at 0.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FOXY or VABS?

Over the 1-year period, FOXY has performed better with a 18.10% return vs 3.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FOXY or VABS?

VABS is cheaper with a 0.39% expense ratio, compared with 0.81% for FOXY.

Which ETF pays a higher dividend yield, FOXY or VABS?

FOXY has the higher dividend yield at 8.70%, compared with 5.03% for VABS.

What is the main difference between FOXY and VABS?

FOXY is categorized as Leveraged Currency, while VABS is Mortgage Backed Securities. They also come from different issuers: Simplify and Virtus. Their fees differ too: 0.81% for FOXY and 0.39% for VABS.

Which has better risk-adjusted returns?

VABS currently has the higher Sharpe Ratio (1.98 vs 1.97), 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.