HYKE vs. RFIX

Last updated Jun 24, 2026

HYKE (Vest 2 Year Interest Rate Hedge ETF) and RFIX (Simplify Bond Bull ETF) are both Nontraditional Bonds funds. Both are actively managed. HYKE charges 0.85%/yr vs 0.50%/yr for RFIX.

Performance

HYKE vs. RFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vest 2 Year Interest Rate Hedge ETF (HYKE) and Simplify Bond Bull ETF (RFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HYKE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RFIX

• 1D: -2.65%
• 1M: -1.08%
• YTD: 7.47%
• 6M: 3.01%
• 1Y: -15.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HYKE vs. RFIX - Yearly Performance Comparison

	2026 (YTD)
HYKE Vest 2 Year Interest Rate Hedge ETF	0.00%
RFIX Simplify Bond Bull ETF	-4.99%

Return for Risk

HYKE vs. RFIX — Risk / Return Rank

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

HYKE

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

RFIX

RFIX Risk / Return Rank: 5
RFIX Sharpe Ratio Rank: 5
RFIX Sortino Ratio Rank: 5
RFIX Omega Ratio Rank: 5
RFIX Calmar Ratio Rank: 4
RFIX 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.

HYKE vs. RFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vest 2 Year Interest Rate Hedge ETF (HYKE) and Simplify Bond Bull ETF (RFIX). 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.

	HYKE	RFIX	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.51	—
Sortino ratio: Return per unit of downside risk	—	-0.57	—
Omega ratio: Gain probability vs. loss probability	—	0.94	—
Calmar ratio: Return relative to maximum drawdown	—	-0.61	—
Martin ratio: Return relative to average drawdown	—	-1.02	—

Drawdowns

HYKE vs. RFIX - Drawdown Comparison

The maximum HYKE drawdown since its inception was 0.00%, smaller than the maximum RFIX drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for HYKE and RFIX.

Drawdown Indicators

	HYKE	RFIX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-38.79%	+38.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.48%	—
Current Drawdown Current decline from peak	0.00%	-32.57%	+32.57%
Average Drawdown Average peak-to-trough decline	0.00%	-24.30%	+24.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.17%	—

Volatility

Volatility by Period

	HYKE	RFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.40%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	30.00%	-30.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	31.01%	-31.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	31.01%	-31.01%

HYKE vs. RFIX - Expense Ratio Comparison

HYKE has a 0.85% expense ratio, which is higher than RFIX's 0.50% expense ratio.

Dividends

HYKE vs. RFIX - Dividend Comparison

HYKE has not paid dividends to shareholders, while RFIX's dividend yield for the trailing twelve months is around 4.65%.

Position	TTM	2025
HYKE Vest 2 Year Interest Rate Hedge ETF	0.00%	0.00%
RFIX Simplify Bond Bull ETF	4.65%	5.07%

Frequently Asked Questions

Which ETF is better, HYKE or RFIX?

On fees, RFIX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYKE or RFIX?

RFIX is cheaper with a 0.50% expense ratio, compared with 0.85% for HYKE.

Which ETF pays a higher dividend yield, HYKE or RFIX?

RFIX has the higher dividend yield at 4.65%, compared with 0.00% for HYKE.

What is the main difference between HYKE and RFIX?

They also come from different issuers: Cboe Vest and Simplify. Their fees differ too: 0.85% for HYKE and 0.50% for RFIX.