PFIX vs. DBMF
PFIX (Simplify Interest Rate Hedge ETF) and DBMF (iMGP DBi Managed Futures Strategy ETF) are both exchange-traded funds - PFIX is a Hedge Fund fund actively managed by Simplify, while DBMF is a Systematic Trend fund actively managed by iM Global Partners. Both are actively managed. Over the past 5 years, PFIX returned 17.56%/yr vs 8.69%/yr for DBMF. At a 0.25 correlation, their price movements are largely independent. PFIX charges 0.50%/yr vs 0.85%/yr for DBMF.
Performance
PFIX vs. DBMF - Performance Comparison
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Returns By Period
In the year-to-date period, PFIX achieves a -8.21% return, which is significantly lower than DBMF's 10.63% return.
PFIX
- 1D
- -0.78%
- 1M
- -13.05%
- YTD
- -8.21%
- 6M
- -8.23%
- 1Y
- -14.96%
- 3Y*
- 14.56%
- 5Y*
- 17.56%
- 10Y*
- —
DBMF
- 1D
- 0.82%
- 1M
- -0.61%
- YTD
- 10.63%
- 6M
- 10.35%
- 1Y
- 27.45%
- 3Y*
- 9.42%
- 5Y*
- 8.69%
- 10Y*
- —
PFIX vs. DBMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PFIX Simplify Interest Rate Hedge ETF | -8.21% | 0.42% | 35.94% | 5.67% | 92.05% | -24.98% |
DBMF iMGP DBi Managed Futures Strategy ETF | 10.63% | 13.85% | 7.24% | -8.94% | 21.61% | -0.12% |
Correlation
The correlation between PFIX and DBMF is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 11, 2021 | 0.25 |
The correlation between PFIX and DBMF shifts across timeframes, from -0.05 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PFIX vs. DBMF — Risk / Return Rank
PFIX
DBMF
PFIX vs. DBMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Interest Rate Hedge ETF (PFIX) and iMGP 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.
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 | DBMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.47 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.47 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 4.54 | -5.09 |
| Martin ratioReturn relative to average drawdown | -0.85 | 16.23 | -17.08 |
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Drawdowns
PFIX vs. DBMF - Drawdown Comparison
The maximum PFIX drawdown since its inception was -36.17%, 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.
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Drawdown Indicators
| PFIX | DBMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.17% | -20.39% | -15.78% |
Max Drawdown (1Y)Largest decline over 1 year | -25.64% | -6.10% | -19.54% |
Max Drawdown (3Y)Largest decline over 3 years | -36.17% | -15.60% | -20.57% |
Max Drawdown (5Y)Largest decline over 5 years | -36.17% | -20.39% | -15.78% |
Current DrawdownCurrent decline from peak | -24.31% | -1.59% | -22.72% |
Average DrawdownAverage peak-to-trough decline | -17.15% | -6.55% | -10.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.61% | 1.70% | +14.91% |
Volatility
PFIX vs. DBMF - Volatility Comparison
Simplify Interest Rate Hedge ETF (PFIX) has a higher volatility of 6.46% compared to iMGP DBi Managed Futures Strategy ETF (DBMF) at 2.92%. 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.
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Volatility by Period
| PFIX | DBMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.46% | 2.92% | +3.54% |
Volatility (6M)Calculated over the trailing 6-month period | 21.22% | 10.05% | +11.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.14% | 12.39% | +16.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.48% | 12.53% | +25.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.25% | 12.41% | +25.84% |
PFIX vs. DBMF - Expense Ratio Comparison
PFIX has a 0.50% expense ratio, which is lower than DBMF's 0.85% expense ratio.
Dividends
PFIX vs. DBMF - Dividend Comparison
PFIX's dividend yield for the trailing twelve months is around 10.58%, more than DBMF's 5.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DBMF iMGP DBi Managed Futures Strategy ETF | 5.17% | 5.91% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% |
PFIX Simplify Interest Rate Hedge ETF | 10.58% | 9.92% | 3.40% | 87.92% | 0.63% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PFIX and DBMF have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFIX has higher volatility (6.46%) compared to DBMF (2.92%). In terms of maximum drawdown, PFIX dropped -36.17% vs DBMF's -20.39%.
On 5-year performance, PFIX leads with 17.56% vs 8.69% for DBMF. On fees, PFIX is cheaper at 0.50% per year. On volatility, DBMF has been the lower-risk option at 2.92%. 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 17.56% return vs 8.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PFIX is cheaper with a 0.50% expense ratio, compared with 0.85% for DBMF.
PFIX has the higher dividend yield at 10.58%, compared with 5.17% for DBMF.
PFIX is categorized as Hedge Fund, while DBMF is Systematic Trend. They also come from different issuers: Simplify and iM Global Partners. Their fees differ too: 0.50% for PFIX and 0.85% for DBMF.
DBMF currently has the higher Sharpe Ratio (2.23 vs -0.48), 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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