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 20.64%/yr vs 1.28%/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
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Returns By Period
In the year-to-date period, PFIX achieves a -0.95% return, which is significantly lower than JPMB's 1.44% return.
PFIX
- 1D
- 0.47%
- 1M
- 3.10%
- 6M
- 0.73%
- YTD
- -0.95%
- 1Y
- -9.65%
- 3Y*
- 16.45%
- 5Y*
- 20.64%
- 10Y*
- —
JPMB
- 1D
- -0.59%
- 1M
- -0.51%
- 6M
- 1.58%
- YTD
- 1.44%
- 1Y
- 9.02%
- 3Y*
- 7.20%
- 5Y*
- 1.28%
- 10Y*
- —
PFIX vs. JPMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PFIX Simplify Interest Rate Hedge ETF | -0.95% | 0.42% | 35.94% | 5.67% | 92.05% | -24.98% |
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 1.44% | 13.73% | 1.46% | 9.48% | -16.05% | 0.55% |
Correlation
The correlation between PFIX and JPMB is -0.61, 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 | -0.61 |
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.
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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 | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.32 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 1.97 | -2.34 |
| Martin ratioReturn relative to average drawdown | -0.56 | 8.36 | -8.92 |
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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.
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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 | -18.33% | -1.03% | -17.30% |
Average DrawdownAverage peak-to-trough decline | -17.21% | -6.98% | -10.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.30% | 1.08% | +16.22% |
Volatility
PFIX vs. JPMB - Volatility Comparison
Simplify Interest Rate Hedge ETF (PFIX) has a higher volatility of 9.44% compared to JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) at 1.64%. 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.
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Volatility by Period
| PFIX | JPMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.44% | 1.64% | +7.80% |
Volatility (6M)Calculated over the trailing 6-month period | 22.16% | 4.61% | +17.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.34% | 5.38% | +23.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.55% | 8.95% | +29.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.20% | 9.61% | +28.59% |
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 9.78%, more than JPMB's 5.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 5.83% | 6.71% | 6.32% | 5.99% | 4.94% | 4.29% | 4.29% | 4.51% | 4.58% |
PFIX Simplify Interest Rate Hedge ETF | 9.78% | 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 -0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFIX has higher volatility (9.44%) compared to JPMB (1.64%). In terms of maximum drawdown, PFIX dropped -36.17% vs JPMB's -26.33%.
On 5-year performance, PFIX leads with 20.64% vs 1.28% for JPMB. On fees, JPMB is cheaper at 0.39% per year. On volatility, JPMB has been the lower-risk option at 1.64%. 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 20.64% return vs 1.28%. 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 9.78%, compared with 5.83% 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 (1.69 vs -0.33), 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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