PFIX vs. SPY
Compare and contrast key facts about Simplify Interest Rate Hedge ETF (PFIX) and SPDR S&P 500 ETF (SPY).
PFIX and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFIX or SPY.
Performance
PFIX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, PFIX achieves a 30.57% return, which is significantly higher than SPY's 24.40% return.
PFIX
30.57%
9.67%
7.43%
-0.44%
N/A
N/A
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| PFIX | SPY | |
|---|---|---|
| Sharpe Ratio | -0.04 | 2.64 |
| Sortino Ratio | 0.25 | 3.53 |
| Omega Ratio | 1.03 | 1.49 |
| Calmar Ratio | -0.04 | 3.81 |
| Martin Ratio | -0.10 | 17.21 |
| Ulcer Index | 15.70% | 1.86% |
| Daily Std Dev | 40.94% | 12.15% |
| Max Drawdown | -39.52% | -55.19% |
| Current Drawdown | -18.01% | -2.17% |
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PFIX vs. SPY - Expense Ratio Comparison
PFIX has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between PFIX and SPY is -0.08. 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. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Interest Rate Hedge ETF (PFIX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
PFIX's dividend yield for the trailing twelve months is around 65.31%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFIX Simplify Interest Rate Hedge ETF | 65.31% | 80.99% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
PFIX vs. SPY - Drawdown Comparison
The maximum PFIX drawdown since its inception was -39.52%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PFIX and SPY. For additional features, visit the drawdowns tool.
Volatility
PFIX vs. SPY - Volatility Comparison
Simplify Interest Rate Hedge ETF (PFIX) has a higher volatility of 13.23% compared to SPDR S&P 500 ETF (SPY) at 4.06%. This indicates that PFIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.