PFIX vs. COOP

Last updated Jun 4, 2026

PFIX (Simplify Interest Rate Hedge ETF) is Hedge Fund fund actively managed by Simplify, while COOP (Mr. Cooper Group Inc.) is a stock. At a correlation of -0.10, they often move in opposite directions.

Performance

PFIX vs. COOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Interest Rate Hedge ETF (PFIX) and Mr. Cooper Group Inc. (COOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PFIX

• 1D: 0.36%
• 1M: -3.76%
• YTD: -2.55%
• 6M: 1.53%
• 1Y: -15.57%
• 3Y*: 14.54%
• 5Y*: 16.86%
• 10Y*: —

COOP

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

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

PFIX vs. COOP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PFIX Simplify Interest Rate Hedge ETF	-2.55%	0.42%	35.94%	5.67%	92.05%	-24.95%
COOP Mr. Cooper Group Inc.	0.00%	121.64%	47.44%	62.27%	-3.56%	25.86%

Correlation

The correlation between PFIX and COOP is -0.24, 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	-0.24
Correlation (3Y) Calculated over the trailing 3-year period	-0.20
Correlation (5Y) Calculated over the trailing 5-year period	-0.10
Correlation (All Time) Calculated using the full available price history since May 12, 2021	-0.10

The correlation between PFIX and COOP shifts across timeframes, from -0.24 (1 year) to -0.10 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

PFIX vs. COOP — Risk / Return Rank

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

PFIX

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

PFIX vs. COOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Interest Rate Hedge ETF (PFIX) and Mr. Cooper Group Inc. (COOP). 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.

	PFIX	COOP	Difference
Sharpe ratio: Return per unit of total volatility	-0.52	—	—
Sortino ratio: Return per unit of downside risk	-0.58	—	—
Omega ratio: Gain probability vs. loss probability	0.93	—	—
Calmar ratio: Return relative to maximum drawdown	-0.61	—	—
Martin ratio: Return relative to average drawdown	-0.96	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PFIX	COOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.52	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	—	—

Drawdowns

Drawdown Indicators

	PFIX	COOP	Difference
Max Drawdown Largest peak-to-trough decline	-36.17%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-25.64%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-36.17%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.17%	—	—
Current Drawdown Current decline from peak	-19.65%	—	—
Average Drawdown Average peak-to-trough decline	-17.13%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	16.35%	—	—

Volatility

Volatility by Period

	PFIX	COOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.51%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.32%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.50%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.35%	—	—

Dividends

PFIX vs. COOP - Dividend Comparison

PFIX's dividend yield for the trailing twelve months is around 9.96%, more than COOP's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021
COOP Mr. Cooper Group Inc.	0.95%	0.95%	0.00%	0.00%	0.00%	0.00%
PFIX Simplify Interest Rate Hedge ETF	9.96%	9.92%	3.40%	87.92%	0.63%	0.00%

Frequently Asked Questions

Can I hold both PFIX and COOP in my portfolio?

PFIX and COOP have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.