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.
Performance
PFIX vs. SGOV - Performance Comparison
Returns By Period
In the year-to-date period, PFIX achieves a 30.57% return, which is significantly higher than SGOV's 4.71% return.
PFIX
30.57%
9.67%
7.43%
-0.44%
N/A
N/A
SGOV
4.71%
0.41%
2.60%
5.37%
N/A
N/A
Key characteristics
| PFIX | SGOV | |
|---|---|---|
| Sharpe Ratio | -0.04 | 21.97 |
| Sortino Ratio | 0.25 | 530.73 |
| Omega Ratio | 1.03 | 531.73 |
| Calmar Ratio | -0.04 | 544.91 |
| Martin Ratio | -0.10 | 8,650.17 |
| Ulcer Index | 15.70% | 0.00% |
| Daily Std Dev | 40.94% | 0.25% |
| Max Drawdown | -39.52% | -0.03% |
| Current Drawdown | -18.01% | 0.00% |
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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.
Correlation
The correlation between PFIX and SGOV is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
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.
Dividends
PFIX vs. SGOV - Dividend Comparison
PFIX's dividend yield for the trailing twelve months is around 65.31%, more than SGOV's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
PFIX Simplify Interest Rate Hedge ETF | 65.31% | 80.99% | 0.63% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% |
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.
Volatility
PFIX vs. SGOV - Volatility Comparison
Simplify Interest Rate Hedge ETF (PFIX) has a higher volatility of 13.23% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.09%. 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.