PFIX vs. JPMB
PFIX (Simplify Interest Rate Hedge ETF) and JPMB (JPMorgan USD Emerging Markets Sovereign Bond ETF) are both exchange-traded funds - PFIX is a Hedge Fund fund actively managed by Simplify, while JPMB is a Emerging Markets Bonds fund tracking the J.P. Morgan Emerging Markets Risk-Aware Bond Index. PFIX is actively managed, while JPMB is passively managed. Over the past 5 years, PFIX returned 17.72%/yr vs 1.42%/yr for JPMB. At a correlation of -0.58, they often move in opposite directions. PFIX charges 0.50%/yr vs 0.39%/yr for JPMB.
Performance
PFIX vs. JPMB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PFIX achieves a -6.98% return, which is significantly lower than JPMB's 1.95% return.
PFIX
- 1D
- -0.61%
- 1M
- -11.02%
- YTD
- -6.98%
- 6M
- -6.81%
- 1Y
- -12.36%
- 3Y*
- 15.87%
- 5Y*
- 17.72%
- 10Y*
- —
JPMB
- 1D
- -0.11%
- 1M
- 1.76%
- YTD
- 1.95%
- 6M
- 1.93%
- 1Y
- 10.60%
- 3Y*
- 7.78%
- 5Y*
- 1.42%
- 10Y*
- —
PFIX vs. JPMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PFIX Simplify Interest Rate Hedge ETF | -6.98% | 0.42% | 35.94% | 5.67% | 92.05% | -24.98% |
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 1.95% | 13.73% | 1.46% | 9.48% | -16.05% | 0.55% |
Correlation
The correlation between PFIX and JPMB is -0.62, 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 | -0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.58 |
Correlation (All Time) Calculated using the full available price history since May 11, 2021 | -0.58 |
The correlation between PFIX and JPMB shifts across timeframes, from -0.68 (3 years) to -0.58 (5 years), reflecting how their relationship changes across market environments.
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. JPMB — Risk / Return Rank
PFIX
JPMB
PFIX vs. JPMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Interest Rate Hedge ETF (PFIX) and JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB). 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 | JPMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.39 | ||
| Sortino ratioReturn per unit of downside risk | -3.34 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.38 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 2.31 | -2.79 |
| Martin ratioReturn relative to average drawdown | -0.74 | 9.81 | -10.55 |
Loading charts...
Drawdowns
PFIX vs. JPMB - Drawdown Comparison
The maximum PFIX drawdown since its inception was -36.17%, which is greater than JPMB's maximum drawdown of -26.33%. Use the drawdown chart below to compare losses from any high point for PFIX and JPMB.
Loading charts...
Drawdown Indicators
| PFIX | JPMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.17% | -26.33% | -9.84% |
Max Drawdown (1Y)Largest decline over 1 year | -25.64% | -4.61% | -21.03% |
Max Drawdown (3Y)Largest decline over 3 years | -36.17% | -7.53% | -28.64% |
Max Drawdown (5Y)Largest decline over 5 years | -36.17% | -26.16% | -10.01% |
Current DrawdownCurrent decline from peak | -23.31% | -0.53% | -22.78% |
Average DrawdownAverage peak-to-trough decline | -17.15% | -7.02% | -10.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.70% | 1.08% | +15.62% |
Volatility
PFIX vs. JPMB - Volatility Comparison
Simplify Interest Rate Hedge ETF (PFIX) has a higher volatility of 6.85% compared to JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) at 1.79%. This indicates that PFIX's price experiences larger fluctuations and is considered to be riskier than JPMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PFIX | JPMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.85% | 1.79% | +5.06% |
Volatility (6M)Calculated over the trailing 6-month period | 21.31% | 4.53% | +16.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.19% | 5.43% | +23.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.46% | 8.94% | +29.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.23% | 9.63% | +28.60% |
PFIX vs. JPMB - Expense Ratio Comparison
PFIX has a 0.50% expense ratio, which is higher than JPMB's 0.39% expense ratio.
Dividends
PFIX vs. JPMB - Dividend Comparison
PFIX's dividend yield for the trailing twelve months is around 10.44%, more than JPMB's 5.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 5.78% | 6.71% | 6.32% | 5.99% | 4.94% | 4.29% | 4.29% | 4.51% | 4.58% |
PFIX Simplify Interest Rate Hedge ETF | 10.44% | 9.92% | 3.40% | 87.92% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PFIX and JPMB have a correlation of -0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFIX has higher volatility (6.85%) compared to JPMB (1.79%). In terms of maximum drawdown, PFIX dropped -36.17% vs JPMB's -26.33%.
On 5-year performance, PFIX leads with 17.72% vs 1.42% for JPMB. On fees, JPMB is cheaper at 0.39% per year. On volatility, JPMB has been the lower-risk option at 1.79%. 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 17.72% return vs 1.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPMB is cheaper with a 0.39% expense ratio, compared with 0.50% for PFIX.
PFIX has the higher dividend yield at 10.44%, compared with 5.78% for JPMB.
PFIX is categorized as Hedge Fund, while JPMB is Emerging Markets Bonds. They also come from different issuers: Simplify and JPMorgan. Their fees differ too: 0.50% for PFIX and 0.39% for JPMB.
JPMB currently has the higher Sharpe Ratio (1.96 vs -0.43), 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 JPMB
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