IAUM vs. PFIX
IAUM (iShares Gold Trust Micro) and PFIX (Simplify Interest Rate Hedge ETF) are both exchange-traded funds - IAUM is a Gold fund tracking the LBMA Gold Price PM, while PFIX is a Hedge Fund fund actively managed by Simplify. IAUM is passively managed, while PFIX is actively managed. Over the past 3 years, IAUM returned 29.28%/yr vs 15.02%/yr for PFIX. At a correlation of -0.21, they often move in opposite directions. IAUM charges 0.09%/yr vs 0.50%/yr for PFIX.
Performance
IAUM vs. PFIX - Performance Comparison
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Returns By Period
In the year-to-date period, IAUM achieves a -2.40% return, which is significantly higher than PFIX's -3.92% return.
IAUM
- 1D
- 0.10%
- 1M
- -7.37%
- YTD
- -2.40%
- 6M
- -2.08%
- 1Y
- 22.55%
- 3Y*
- 29.28%
- 5Y*
- —
- 10Y*
- —
PFIX
- 1D
- -1.32%
- 1M
- -9.30%
- YTD
- -3.92%
- 6M
- -5.54%
- 1Y
- -12.06%
- 3Y*
- 15.02%
- 5Y*
- 17.43%
- 10Y*
- —
IAUM vs. PFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | -2.40% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
PFIX Simplify Interest Rate Hedge ETF | -3.92% | 0.42% | 35.94% | 5.67% | 92.05% | -10.79% |
Correlation
The correlation between IAUM and PFIX is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021 | -0.21 |
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Return for Risk
IAUM vs. PFIX — Risk / Return Rank
IAUM
PFIX
IAUM vs. PFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) 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.
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.
| IAUM | PFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.97 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | -0.40 | +1.40 |
| Martin ratioReturn relative to average drawdown | 2.87 | -0.62 | +3.48 |
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Drawdowns
IAUM vs. PFIX - Drawdown Comparison
The maximum IAUM drawdown since its inception was -24.37%, smaller than the maximum PFIX drawdown of -36.17%. Use the drawdown chart below to compare losses from any high point for IAUM and PFIX.
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Drawdown Indicators
| IAUM | PFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.37% | -36.17% | +11.80% |
Max Drawdown (1Y)Largest decline over 1 year | -24.37% | -25.64% | +1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -24.37% | -36.17% | +11.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.17% | — |
Current DrawdownCurrent decline from peak | -21.99% | -20.78% | -1.21% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -17.13% | +11.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.46% | 16.52% | -8.06% |
Volatility
IAUM vs. PFIX - Volatility Comparison
The current volatility for iShares Gold Trust Micro (IAUM) is 7.71%, while Simplify Interest Rate Hedge ETF (PFIX) has a volatility of 8.38%. This indicates that IAUM 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.
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Volatility by Period
| IAUM | PFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.71% | 8.38% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 23.82% | 21.22% | +2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.06% | 30.44% | -3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.05% | 38.52% | -20.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 38.29% | -20.24% |
IAUM vs. PFIX - Expense Ratio Comparison
IAUM has a 0.09% expense ratio, which is lower than PFIX's 0.50% expense ratio.
Dividends
IAUM vs. PFIX - Dividend Comparison
IAUM has not paid dividends to shareholders, while PFIX's dividend yield for the trailing twelve months is around 10.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFIX Simplify Interest Rate Hedge ETF | 10.11% | 9.92% | 3.40% | 87.92% | 0.63% | 0.00% |
Frequently Asked Questions
IAUM and PFIX have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFIX has higher volatility (8.38%) compared to IAUM (7.71%). In terms of maximum drawdown, IAUM dropped -24.37% vs PFIX's -36.17%.
On 3-year performance, IAUM leads with 29.28% vs 15.02% for PFIX. On fees, IAUM is cheaper at 0.09% per year. On volatility, IAUM has been the lower-risk option at 7.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IAUM has performed better with a 29.28% return vs 15.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAUM is cheaper with a 0.09% expense ratio, compared with 0.50% for PFIX.
PFIX has the higher dividend yield at 10.11%, compared with 0.00% for IAUM.
IAUM is categorized as Gold, while PFIX is Hedge Fund. They also come from different issuers: iShares and Simplify. Their fees differ too: 0.09% for IAUM and 0.50% for PFIX.
IAUM currently has the higher Sharpe Ratio (0.90 vs -0.34), 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.
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