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 Inverse Bonds fund actively managed by Simplify, while DSTL is a Large Cap Value Equities fund actively managed by Distillate. Both are actively managed. Over the past 5 years, PFIX returned 23.20%/yr vs 10.39%/yr for DSTL. Their -0.12 correlation means they have often moved in opposite directions in the past. 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 10.66% return, which is significantly lower than DSTL's 11.38% return.
PFIX
- 1D
- 3.06%
- 1M
- 17.72%
- 6M
- 11.49%
- YTD
- 10.66%
- 1Y
- 7.25%
- 3Y*
- 17.57%
- 5Y*
- 23.20%
- 10Y*
- —
- ALL TIME*
- 17.29%
DSTL
- 1D
- -0.37%
- 1M
- 5.06%
- 6M
- 9.47%
- YTD
- 11.38%
- 1Y
- 21.28%
- 3Y*
- 13.05%
- 5Y*
- 10.39%
- 10Y*
- —
- ALL TIME*
- 14.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.23M | $3.71M | $4.59M | |
| $6.29M | $5.62M | $16.95M |
PFIX vs. DSTL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PFIX Simplify Interest Rate Hedge ETF | 10.66% | 0.42% | 35.94% | 5.67% | 92.05% | -24.98% |
DSTL Distillate U.S. Fundamental Stability & Value ETF | 11.38% | 8.71% | 12.78% | 22.71% | -10.64% | 11.63% |
Correlation
The correlation between PFIX and DSTL is -0.24, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.24 |
Correlation (3Y) Balances recent behavior with more history. | -0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.13 |
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 | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.27 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 2.47 | -2.37 |
| Martin ratioReturn relative to average drawdown | 0.15 | 7.12 | -6.97 |
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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 | -23.71% | -8.30% | -15.41% |
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 | -8.76% | -2.50% | -6.26% |
Average DrawdownAverage peak-to-trough decline | -17.19% | -4.11% | -13.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.42% | 2.88% | +12.54% |
Volatility
PFIX vs. DSTL - Volatility Comparison
Simplify Interest Rate Hedge ETF (PFIX) has a higher volatility of 7.75% compared to Distillate U.S. Fundamental Stability & Value ETF (DSTL) at 6.39%. 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 | 7.75% | 6.39% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 21.92% | 10.59% | +11.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.31% | 13.36% | +15.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.61% | 16.00% | +22.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.13% | 19.39% | +18.74% |
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 7.82%, more than DSTL's 1.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DSTL Distillate U.S. Fundamental Stability & Value ETF | 1.13% | 1.31% | 1.34% | 1.30% | 1.35% | 1.01% | 0.83% | 0.97% |
PFIX Simplify Interest Rate Hedge ETF | 7.82% | 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 (7.75%) compared to DSTL (6.39%). In terms of maximum drawdown, PFIX dropped -36.17% vs DSTL's -33.09%.
On 5-year performance, PFIX leads with 23.20% vs 10.39% for DSTL. On fees, DSTL is cheaper at 0.39% per year. On volatility, DSTL has been the lower-risk option at 6.39%. 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 23.20% return vs 10.39%. 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 7.82%, compared with 1.13% for DSTL.
PFIX is categorized as Inverse Bonds, while DSTL is Large Cap Value Equities. They also come from different issuers: Simplify and Distillate. Their fees differ too: 0.50% for PFIX and 0.39% for DSTL.
DSTL currently has the higher Sharpe Ratio (1.55 vs 0.08), 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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