PFIX vs. SGOV
Compare and contrast key facts about Simplify Interest Rate Hedge ETF (PFIX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
PFIX and SGOV 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. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFIX or SGOV.
Correlation
The correlation between PFIX and SGOV is 0.02, 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. SGOV - Performance Comparison
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Key characteristics
PFIX:
0.73
SGOV:
21.07
PFIX:
1.13
SGOV:
475.39
PFIX:
1.12
SGOV:
476.39
PFIX:
0.60
SGOV:
486.75
PFIX:
2.02
SGOV:
7,726.96
PFIX:
11.68%
SGOV:
0.00%
PFIX:
40.32%
SGOV:
0.23%
PFIX:
-39.52%
SGOV:
-0.03%
PFIX:
-3.56%
SGOV:
0.00%
Returns By Period
In the year-to-date period, PFIX achieves a 12.97% return, which is significantly higher than SGOV's 1.55% return.
PFIX
12.97%
6.86%
19.27%
29.28%
N/A
N/A
SGOV
1.55%
0.33%
2.16%
4.83%
N/A
N/A
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PFIX vs. SGOV - Expense Ratio Comparison
PFIX has a 0.50% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
PFIX vs. SGOV — Risk-Adjusted Performance Rank
PFIX
SGOV
PFIX vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Interest Rate Hedge ETF (PFIX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
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Dividends
PFIX vs. SGOV - Dividend Comparison
PFIX's dividend yield for the trailing twelve months is around 3.22%, less than SGOV's 4.70% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
PFIX Simplify Interest Rate Hedge ETF | 3.22% | 3.40% | 80.99% | 0.63% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.70% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Drawdowns
PFIX vs. SGOV - Drawdown Comparison
The maximum PFIX drawdown since its inception was -39.52%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for PFIX and SGOV. For additional features, visit the drawdowns tool.
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Volatility
PFIX vs. SGOV - Volatility Comparison
Simplify Interest Rate Hedge ETF (PFIX) has a higher volatility of 12.62% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that PFIX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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