PFIX vs. DSTL
PFIX (Simplify Interest Rate Hedge ETF) and DSTL (Distillate U.S. Fundamental Stability & Value ETF) are both exchange-traded funds - PFIX is a Hedge Fund fund actively managed by Simplify, while DSTL is a Large Cap Value Equities fund actively managed by Distillate Capital. Both are actively managed. Over the past 5 years, PFIX returned 17.78%/yr vs 8.69%/yr for DSTL. At a correlation of -0.12, they often move in opposite directions. PFIX charges 0.50%/yr vs 0.39%/yr for DSTL.
Performance
PFIX vs. DSTL - Performance Comparison
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Returns By Period
In the year-to-date period, PFIX achieves a -6.41% return, which is significantly lower than DSTL's -0.34% return.
PFIX
- 1D
- 1.95%
- 1M
- -10.47%
- YTD
- -6.41%
- 6M
- -6.99%
- 1Y
- -13.30%
- 3Y*
- 16.11%
- 5Y*
- 17.78%
- 10Y*
- —
DSTL
- 1D
- -0.15%
- 1M
- -1.55%
- YTD
- -0.34%
- 6M
- -1.26%
- 1Y
- 9.52%
- 3Y*
- 11.47%
- 5Y*
- 8.69%
- 10Y*
- —
PFIX vs. DSTL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PFIX Simplify Interest Rate Hedge ETF | -6.41% | 0.42% | 35.94% | 5.67% | 92.05% | -24.98% |
DSTL Distillate U.S. Fundamental Stability & Value ETF | -0.34% | 8.71% | 12.78% | 22.71% | -10.64% | 11.63% |
Correlation
The correlation between PFIX and DSTL 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 | -0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since May 11, 2021 | -0.12 |
The correlation between PFIX and DSTL shifts across timeframes, from -0.24 (1 year) to -0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PFIX vs. DSTL — Risk / Return Rank
PFIX
DSTL
PFIX vs. DSTL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Interest Rate Hedge ETF (PFIX) and Distillate U.S. Fundamental Stability & Value ETF (DSTL). 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 | DSTL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.14 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 1.15 | -1.67 |
| Martin ratioReturn relative to average drawdown | -0.80 | 3.33 | -4.13 |
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Drawdowns
PFIX vs. DSTL - Drawdown Comparison
The maximum PFIX drawdown since its inception was -36.17%, which is greater than DSTL's maximum drawdown of -33.09%. Use the drawdown chart below to compare losses from any high point for PFIX and DSTL.
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Drawdown Indicators
| PFIX | DSTL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.17% | -33.09% | -3.08% |
Max Drawdown (1Y)Largest decline over 1 year | -25.64% | -8.30% | -17.34% |
Max Drawdown (3Y)Largest decline over 3 years | -36.17% | -16.92% | -19.25% |
Max Drawdown (5Y)Largest decline over 5 years | -36.17% | -20.10% | -16.07% |
Current DrawdownCurrent decline from peak | -22.84% | -5.34% | -17.50% |
Average DrawdownAverage peak-to-trough decline | -17.15% | -4.15% | -13.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.66% | 2.87% | +13.79% |
Volatility
PFIX vs. DSTL - Volatility Comparison
Simplify Interest Rate Hedge ETF (PFIX) has a higher volatility of 6.88% compared to Distillate U.S. Fundamental Stability & Value ETF (DSTL) at 4.20%. This indicates that PFIX's price experiences larger fluctuations and is considered to be riskier than DSTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFIX | DSTL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.88% | 4.20% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 21.31% | 8.76% | +12.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.24% | 12.12% | +17.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.46% | 15.79% | +22.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.24% | 19.38% | +18.86% |
PFIX vs. DSTL - Expense Ratio Comparison
PFIX has a 0.50% expense ratio, which is higher than DSTL's 0.39% expense ratio.
Dividends
PFIX vs. DSTL - Dividend Comparison
PFIX's dividend yield for the trailing twelve months is around 10.38%, more than DSTL's 1.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DSTL Distillate U.S. Fundamental Stability & Value ETF | 1.28% | 1.31% | 1.34% | 1.30% | 1.35% | 1.01% | 0.83% | 0.97% |
PFIX Simplify Interest Rate Hedge ETF | 10.38% | 9.92% | 3.40% | 87.92% | 0.63% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PFIX and DSTL 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.
PFIX has higher volatility (6.88%) compared to DSTL (4.20%). In terms of maximum drawdown, PFIX dropped -36.17% vs DSTL's -33.09%.
On 5-year performance, PFIX leads with 17.78% vs 8.69% for DSTL. On fees, DSTL is cheaper at 0.39% per year. On volatility, DSTL has been the lower-risk option at 4.20%. 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 17.78% return vs 8.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DSTL is cheaper with a 0.39% expense ratio, compared with 0.50% for PFIX.
PFIX has the higher dividend yield at 10.38%, compared with 1.28% for DSTL.
PFIX is categorized as Hedge Fund, while DSTL is Large Cap Value Equities. They also come from different issuers: Simplify and Distillate Capital. Their fees differ too: 0.50% for PFIX and 0.39% for DSTL.
DSTL currently has the higher Sharpe Ratio (0.79 vs -0.46), 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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