PFIX vs. IAUM
PFIX (Simplify Interest Rate Hedge ETF) and IAUM (iShares Gold Trust Micro) are both exchange-traded funds - PFIX is a Hedge Fund fund actively managed by Simplify, while IAUM is a Gold fund tracking the LBMA Gold Price PM. PFIX is actively managed, while IAUM is passively managed. Over the past 3 years, PFIX returned 15.02%/yr vs 29.28%/yr for IAUM. At a correlation of -0.21, they often move in opposite directions. PFIX charges 0.50%/yr vs 0.09%/yr for IAUM.
Performance
PFIX vs. IAUM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PFIX achieves a -3.92% return, which is significantly lower than IAUM's -2.40% return.
PFIX
- 1D
- -1.32%
- 1M
- -9.30%
- YTD
- -3.92%
- 6M
- -5.54%
- 1Y
- -12.06%
- 3Y*
- 15.02%
- 5Y*
- 17.43%
- 10Y*
- —
IAUM
- 1D
- 0.10%
- 1M
- -7.37%
- YTD
- -2.40%
- 6M
- -2.08%
- 1Y
- 22.55%
- 3Y*
- 29.28%
- 5Y*
- —
- 10Y*
- —
PFIX vs. IAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PFIX Simplify Interest Rate Hedge ETF | -3.92% | 0.42% | 35.94% | 5.67% | 92.05% | -10.79% |
IAUM iShares Gold Trust Micro | -2.40% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
Correlation
The correlation between PFIX and IAUM is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021 | -0.21 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PFIX vs. IAUM — Risk / Return Rank
PFIX
IAUM
PFIX vs. IAUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Interest Rate Hedge ETF (PFIX) and iShares Gold Trust Micro (IAUM). 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 | IAUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.19 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 1.00 | -1.40 |
| Martin ratioReturn relative to average drawdown | -0.62 | 2.87 | -3.48 |
Loading charts...
Drawdowns
PFIX vs. IAUM - Drawdown Comparison
The maximum PFIX drawdown since its inception was -36.17%, which is greater than IAUM's maximum drawdown of -24.37%. Use the drawdown chart below to compare losses from any high point for PFIX and IAUM.
Loading charts...
Drawdown Indicators
| PFIX | IAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.17% | -24.37% | -11.80% |
Max Drawdown (1Y)Largest decline over 1 year | -25.64% | -24.37% | -1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -36.17% | -24.37% | -11.80% |
Max Drawdown (5Y)Largest decline over 5 years | -36.17% | — | — |
Current DrawdownCurrent decline from peak | -20.78% | -21.99% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -17.13% | -5.38% | -11.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.52% | 8.46% | +8.06% |
Volatility
PFIX vs. IAUM - Volatility Comparison
Simplify Interest Rate Hedge ETF (PFIX) has a higher volatility of 8.38% compared to iShares Gold Trust Micro (IAUM) at 7.71%. This indicates that PFIX's price experiences larger fluctuations and is considered to be riskier than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PFIX | IAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.38% | 7.71% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 21.22% | 23.82% | -2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.44% | 27.06% | +3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.52% | 18.05% | +20.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.29% | 18.05% | +20.24% |
PFIX vs. IAUM - Expense Ratio Comparison
PFIX has a 0.50% expense ratio, which is higher than IAUM's 0.09% expense ratio.
Dividends
PFIX vs. IAUM - Dividend Comparison
PFIX's dividend yield for the trailing twelve months is around 10.11%, while IAUM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFIX Simplify Interest Rate Hedge ETF | 10.11% | 9.92% | 3.40% | 87.92% | 0.63% | 0.00% |
Frequently Asked Questions
PFIX and IAUM have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFIX has higher volatility (8.38%) compared to IAUM (7.71%). In terms of maximum drawdown, PFIX dropped -36.17% vs IAUM's -24.37%.
On 3-year performance, IAUM leads with 29.28% vs 15.02% for PFIX. On fees, IAUM is cheaper at 0.09% per year. On volatility, IAUM has been the lower-risk option at 7.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IAUM has performed better with a 29.28% return vs 15.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAUM is cheaper with a 0.09% expense ratio, compared with 0.50% for PFIX.
PFIX has the higher dividend yield at 10.11%, compared with 0.00% for IAUM.
PFIX is categorized as Hedge Fund, while IAUM is Gold. They also come from different issuers: Simplify and iShares. Their fees differ too: 0.50% for PFIX and 0.09% for IAUM.
IAUM currently has the higher Sharpe Ratio (0.90 vs -0.34), 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.
Find the right allocation for PFIX and IAUM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer