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PFIX vs. DBEF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PFIX vs. DBEF

Last updated Jun 4, 2026

PFIX (Simplify Interest Rate Hedge ETF) and DBEF (Xtrackers MSCI EAFE Hedged Equity ETF) are both Hedge Fund funds. PFIX is actively managed, while DBEF is passively managed. Over the past 5 years, PFIX returned 16.86%/yr vs 13.11%/yr for DBEF. At a correlation of -0.04, they often move in opposite directions. PFIX charges 0.50%/yr vs 0.36%/yr for DBEF.

Performance

PFIX vs. DBEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Interest Rate Hedge ETF (PFIX) and Xtrackers MSCI EAFE Hedged Equity ETF (DBEF). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PFIX achieves a -2.55% return, which is significantly lower than DBEF's 10.25% return.

PFIX

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

DBEF

1D
-0.47%
1M
4.76%
YTD
10.25%
6M
12.54%
1Y
24.51%
3Y*
17.72%
5Y*
13.11%
10Y*
12.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PFIX vs. DBEF - Yearly Performance Comparison

2026 (YTD)20252024202320222021
PFIX
Simplify Interest Rate Hedge ETF		-2.55%0.42%35.94%5.67%92.05%-24.95%
DBEF
Xtrackers MSCI EAFE Hedged Equity ETF		10.25%23.16%13.40%20.15%-5.13%9.44%

Correlation

The correlation between PFIX and DBEF is -0.14, 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

-0.14

Correlation (3Y)
Calculated over the trailing 3-year period

-0.11

Correlation (5Y)
Calculated over the trailing 5-year period

-0.04

Correlation (All Time)
Calculated using the full available price history since May 12, 2021

-0.05

The correlation between PFIX and DBEF shifts across timeframes, from -0.14 (1 year) to -0.04 (5 years), reflecting how their relationship changes across market environments.

PFIX vs. DBEF - Sectors Allocation Comparison

Sectors
PFIX
DBEF

Financial Services

32.2%
24.6%

Basic Materials

-

5.9%

Communication Services

-

4.5%

Consumer Cyclical

-

7.5%

Consumer Defensive

-

6.8%

Energy

-

4.1%

Healthcare

-

10.5%

Industrials

-

19.9%

Real Estate

-

1.9%

Technology

-

10.3%

Utilities

-

3.9%

Financial Services

PFIX
32.2%
DBEF
24.6%

Basic Materials

PFIX

-

DBEF
5.9%

Communication Services

PFIX

-

DBEF
4.5%

Consumer Cyclical

PFIX

-

DBEF
7.5%

Consumer Defensive

PFIX

-

DBEF
6.8%

Energy

PFIX

-

DBEF
4.1%

Healthcare

PFIX

-

DBEF
10.5%

Industrials

PFIX

-

DBEF
19.9%

Real Estate

PFIX

-

DBEF
1.9%

Technology

PFIX

-

DBEF
10.3%

Utilities

PFIX

-

DBEF
3.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Simplify Interest Rate Hedge ETF

Xtrackers MSCI EAFE Hedged Equity ETF

Often compared with PFIX:
PFIX vs. TBTPFIX vs. RFIXPFIX vs. DBMFPFIX vs. YCSPFIX vs. SPYPFIX vs. SGOVPFIX vs. TTT
Often compared with DBEF:
DBEF vs. HEFADBEF vs. VXUSDBEF vs. DBEUDBEF vs. IHDGDBEF vs. SCHDDBEF vs. VOODBEF vs. PWJZX

Return for Risk

PFIX vs. DBEF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PFIX
PFIX Risk / Return Rank: 44
Overall Rank
PFIX Sharpe Ratio Rank: 44
Sharpe Ratio Rank
PFIX Sortino Ratio Rank: 44
Sortino Ratio Rank
PFIX Omega Ratio Rank: 44
Omega Ratio Rank
PFIX Calmar Ratio Rank: 44
Calmar Ratio Rank
PFIX Martin Ratio Rank: 44
Martin Ratio Rank
DBEF
DBEF Risk / Return Rank: 5757
Overall Rank
DBEF Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
DBEF Sortino Ratio Rank: 5858
Sortino Ratio Rank
DBEF Omega Ratio Rank: 5959
Omega Ratio Rank
DBEF Calmar Ratio Rank: 5252
Calmar Ratio Rank
DBEF Martin Ratio Rank: 6060
Martin Ratio Rank
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. DBEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Interest Rate Hedge ETF (PFIX) and Xtrackers MSCI EAFE Hedged Equity ETF (DBEF). 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.

PFIXDBEFDifference
Sharpe ratioReturn per unit of total volatility
-0.52
1.99

-2.51

Sortino ratioReturn per unit of downside risk
-0.58
2.80

-3.39

Omega ratioGain probability vs. loss probability

0.93

1.37

-0.43

Calmar ratioReturn relative to maximum drawdown

-0.61

2.62

-3.22

Martin ratioReturn relative to average drawdown

-0.96

11.01

-11.96

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PFIX vs. DBEF - Sharpe Ratio Comparison

The current PFIX Sharpe Ratio is -0.52, which is lower than the DBEF Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of PFIX and DBEF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

PFIXDBEFDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.52

1.99

-2.51

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.44

0.96

-0.52

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.77

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.55

-0.16

Drawdowns

PFIX vs. DBEF - Drawdown Comparison

The maximum PFIX drawdown since its inception was -36.17%, which is greater than DBEF's maximum drawdown of -32.46%. Use the drawdown chart below to compare losses from any high point for PFIX and DBEF.

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Drawdown Indicators

PFIXDBEFDifference

Max Drawdown

Largest peak-to-trough decline

-36.17%

-32.46%

-3.71%

Max Drawdown (1Y)

Largest decline over 1 year

-25.64%

-9.41%

-16.23%

Max Drawdown (3Y)

Largest decline over 3 years

-36.17%

-14.62%

-21.55%

Max Drawdown (5Y)

Largest decline over 5 years

-36.17%

-14.95%

-21.22%

Max Drawdown (10Y)

Largest decline over 10 years

—

-32.46%

—

Current Drawdown

Current decline from peak

-19.65%

-0.47%

-19.18%

Average Drawdown

Average peak-to-trough decline

-17.13%

-4.74%

-12.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

16.35%

2.23%

+14.12%

Volatility

PFIX vs. DBEF - Volatility Comparison

Simplify Interest Rate Hedge ETF (PFIX) has a higher volatility of 7.51% compared to Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) at 3.99%. This indicates that PFIX's price experiences larger fluctuations and is considered to be riskier than DBEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PFIXDBEFDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.51%

3.99%

+3.52%

Volatility (6M)

Calculated over the trailing 6-month period

20.89%

10.14%

+10.75%

Volatility (1Y)

Calculated over the trailing 1-year period

30.32%

12.37%

+17.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

38.50%

13.74%

+24.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

38.35%

15.79%

+22.56%

PFIX vs. DBEF - Expense Ratio Comparison

PFIX has a 0.50% expense ratio, which is higher than DBEF's 0.36% expense ratio.

Dividends

PFIX vs. DBEF - Dividend Comparison

PFIX's dividend yield for the trailing twelve months is around 9.96%, more than DBEF's 5.03% yield.

PositionTTM20252024202320222021202020192018201720162015
DBEF
Xtrackers MSCI EAFE Hedged Equity ETF		5.03%5.55%1.29%4.46%15.85%2.28%2.41%3.03%3.22%2.98%2.55%3.70%
PFIX
Simplify Interest Rate Hedge ETF		9.96%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 DBEF have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PFIX has higher volatility (7.51%) compared to DBEF (3.99%). In terms of maximum drawdown, PFIX dropped -36.17% vs DBEF's -32.46%.

On 5-year performance, PFIX leads with 16.86% vs 13.11% for DBEF. On fees, DBEF is cheaper at 0.36% per year. On volatility, DBEF has been the lower-risk option at 3.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, PFIX has performed better with a 16.86% return vs 13.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DBEF is cheaper with a 0.36% expense ratio, compared with 0.50% for PFIX.

PFIX has the higher dividend yield at 9.96%, compared with 5.03% for DBEF.

They also come from different issuers: Simplify and DWS. Their fees differ too: 0.50% for PFIX and 0.36% for DBEF.

DBEF currently has the higher Sharpe Ratio (1.99 vs -0.52), 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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