PFIX vs. BMY
PFIX (Simplify Interest Rate Hedge ETF) is Hedge Fund fund actively managed by Simplify, while BMY (Bristol-Myers Squibb Company) is a stock. Over the past 5 years, PFIX returned 17.43%/yr vs 0.73%/yr for BMY. At a correlation of -0.04, they often move in opposite directions.
Performance
PFIX vs. BMY - Performance Comparison
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Returns By Period
In the year-to-date period, PFIX achieves a -3.92% return, which is significantly lower than BMY's 8.27% return.
PFIX
- 1D
- -1.32%
- 1M
- -9.30%
- YTD
- -3.92%
- 6M
- -5.54%
- 1Y
- -12.06%
- 3Y*
- 15.02%
- 5Y*
- 17.43%
- 10Y*
- —
BMY
- 1D
- 0.40%
- 1M
- 0.23%
- YTD
- 8.27%
- 6M
- 11.43%
- 1Y
- 20.57%
- 3Y*
- 0.45%
- 5Y*
- 0.73%
- 10Y*
- 1.00%
PFIX vs. BMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PFIX Simplify Interest Rate Hedge ETF | -3.92% | 0.42% | 35.94% | 5.67% | 92.05% | -24.98% |
BMY Bristol-Myers Squibb Company | 8.27% | 0.11% | 15.81% | -26.14% | 18.98% | -2.13% |
Correlation
The correlation between PFIX and BMY 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 | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since May 11, 2021 | -0.04 |
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Return for Risk
PFIX vs. BMY — Risk / Return Rank
PFIX
BMY
PFIX vs. BMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Interest Rate Hedge ETF (PFIX) and Bristol-Myers Squibb Company (BMY). 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.
| PFIX | BMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.14 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 1.53 | -1.93 |
| Martin ratioReturn relative to average drawdown | -0.62 | 3.32 | -3.94 |
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Drawdowns
PFIX vs. BMY - Drawdown Comparison
The maximum PFIX drawdown since its inception was -36.17%, smaller than the maximum BMY drawdown of -72.03%. Use the drawdown chart below to compare losses from any high point for PFIX and BMY.
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Drawdown Indicators
| PFIX | BMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.17% | -72.03% | +35.86% |
Max Drawdown (1Y)Largest decline over 1 year | -25.64% | -12.05% | -13.59% |
Max Drawdown (3Y)Largest decline over 3 years | -36.17% | -36.85% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -36.17% | -47.67% | +11.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.67% | — |
Current DrawdownCurrent decline from peak | -20.78% | -17.79% | -2.99% |
Average DrawdownAverage peak-to-trough decline | -17.13% | -22.38% | +5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.52% | 6.34% | +10.18% |
Volatility
PFIX vs. BMY - Volatility Comparison
Simplify Interest Rate Hedge ETF (PFIX) and Bristol-Myers Squibb Company (BMY) have volatilities of 8.38% and 8.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFIX | BMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.38% | 8.22% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 21.22% | 18.18% | +3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.44% | 27.08% | +3.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.52% | 24.02% | +14.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.29% | 25.29% | +13.00% |
Dividends
PFIX vs. BMY - Dividend Comparison
PFIX's dividend yield for the trailing twelve months is around 10.11%, more than BMY's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMY Bristol-Myers Squibb Company | 4.38% | 4.60% | 4.24% | 4.44% | 3.00% | 2.36% | 3.69% | 2.55% | 3.08% | 2.55% | 1.95% | 2.17% |
PFIX Simplify Interest Rate Hedge ETF | 10.11% | 9.92% | 3.40% | 87.92% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PFIX and BMY 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 BMY (8.22%). In terms of maximum drawdown, PFIX dropped -36.17% vs BMY's -72.03%.
BMY currently has the higher Sharpe Ratio (0.68 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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