PFIX vs. KMLM
Compare and contrast key facts about Simplify Interest Rate Hedge ETF (PFIX) and KFA Mount Lucas Index Strategy ETF (KMLM).
PFIX and KMLM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFIX is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 10, 2021. KMLM is an actively managed fund by CICC. It was launched on Dec 2, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFIX or KMLM.
Key characteristics
PFIX | KMLM | |
---|---|---|
YTD Return | 39.36% | 7.52% |
1Y Return | 49.47% | 0.60% |
Sharpe Ratio | 1.33 | 0.17 |
Daily Std Dev | 40.59% | 11.48% |
Max Drawdown | -39.17% | -24.15% |
Current Drawdown | -12.49% | -16.39% |
Correlation
The correlation between PFIX and KMLM is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PFIX vs. KMLM - Performance Comparison
In the year-to-date period, PFIX achieves a 39.36% return, which is significantly higher than KMLM's 7.52% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PFIX vs. KMLM - Expense Ratio Comparison
PFIX has a 0.50% expense ratio, which is lower than KMLM's 0.90% expense ratio.
Risk-Adjusted Performance
PFIX vs. KMLM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Interest Rate Hedge ETF (PFIX) and KFA Mount Lucas Index Strategy ETF (KMLM). 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.
Dividends
PFIX vs. KMLM - Dividend Comparison
PFIX's dividend yield for the trailing twelve months is around 58.93%, while KMLM has not paid dividends to shareholders.
TTM | 2023 | 2022 | 2021 | |
---|---|---|---|---|
Simplify Interest Rate Hedge ETF | 58.93% | 80.99% | 0.63% | 0.00% |
KFA Mount Lucas Index Strategy ETF | 0.00% | 0.00% | 8.12% | 6.94% |
Drawdowns
PFIX vs. KMLM - Drawdown Comparison
The maximum PFIX drawdown since its inception was -39.17%, which is greater than KMLM's maximum drawdown of -24.15%. Use the drawdown chart below to compare losses from any high point for PFIX and KMLM. For additional features, visit the drawdowns tool.
Volatility
PFIX vs. KMLM - Volatility Comparison
Simplify Interest Rate Hedge ETF (PFIX) has a higher volatility of 14.03% compared to KFA Mount Lucas Index Strategy ETF (KMLM) at 2.61%. This indicates that PFIX's price experiences larger fluctuations and is considered to be riskier than KMLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.