PFIX vs. DBMF
Compare and contrast key facts about Simplify Interest Rate Hedge ETF (PFIX) and iM DBi Managed Futures Strategy ETF (DBMF).
PFIX and DBMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFIX is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 10, 2021. DBMF is an actively managed fund by Litman Gregory Capital Partners LLC. It was launched on May 8, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFIX or DBMF.
Key characteristics
| PFIX | DBMF | |
|---|---|---|
| YTD Return | 37.17% | 17.93% |
| 1Y Return | 50.48% | 17.68% |
| Sharpe Ratio | 1.16 | 1.93 |
| Daily Std Dev | 40.54% | 9.62% |
| Max Drawdown | -39.17% | -20.39% |
| Current Drawdown | -13.87% | -3.17% |
Correlation
The correlation between PFIX and DBMF is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PFIX vs. DBMF - Performance Comparison
In the year-to-date period, PFIX achieves a 37.17% return, which is significantly higher than DBMF's 17.93% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PFIX vs. DBMF - Expense Ratio Comparison
PFIX has a 0.50% expense ratio, which is lower than DBMF's 0.85% expense ratio.
Risk-Adjusted Performance
PFIX vs. DBMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Interest Rate Hedge ETF (PFIX) and iM DBi Managed Futures Strategy ETF (DBMF). 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.
Dividends
PFIX vs. DBMF - Dividend Comparison
PFIX's dividend yield for the trailing twelve months is around 59.87%, more than DBMF's 3.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
PFIX Simplify Interest Rate Hedge ETF | 59.87% | 80.99% | 0.63% | 0.00% | 0.00% | 0.00% |
DBMF iM DBi Managed Futures Strategy ETF | 3.00% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% |
Drawdowns
PFIX vs. DBMF - Drawdown Comparison
The maximum PFIX drawdown since its inception was -39.17%, which is greater than DBMF's maximum drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for PFIX and DBMF. For additional features, visit the drawdowns tool.
Volatility
PFIX vs. DBMF - Volatility Comparison
Simplify Interest Rate Hedge ETF (PFIX) has a higher volatility of 13.63% compared to iM DBi Managed Futures Strategy ETF (DBMF) at 4.75%. This indicates that PFIX's price experiences larger fluctuations and is considered to be riskier than DBMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.