PFIX vs. TIMB
PFIX (Simplify Interest Rate Hedge ETF) is Hedge Fund fund actively managed by Simplify, while TIMB (TIM S.A.) is a stock. Over the past 5 years, PFIX returned 17.43%/yr vs 19.21%/yr for TIMB. At a correlation of -0.12, they often move in opposite directions.
Performance
PFIX vs. TIMB - Performance Comparison
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Returns By Period
In the year-to-date period, PFIX achieves a -3.92% return, which is significantly lower than TIMB's 15.30% return.
PFIX
- 1D
- -1.32%
- 1M
- -9.30%
- YTD
- -3.92%
- 6M
- -5.54%
- 1Y
- -12.06%
- 3Y*
- 15.02%
- 5Y*
- 17.43%
- 10Y*
- —
TIMB
- 1D
- 0.54%
- 1M
- 1.69%
- YTD
- 15.30%
- 6M
- 11.44%
- 1Y
- 31.26%
- 3Y*
- 22.01%
- 5Y*
- 19.21%
- 10Y*
- —
PFIX vs. TIMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PFIX Simplify Interest Rate Hedge ETF | -3.92% | 0.42% | 35.94% | 5.67% | 92.05% | -24.98% |
TIMB TIM S.A. | 15.30% | 86.96% | -33.24% | 68.57% | 4.05% | 0.56% |
Correlation
The correlation between PFIX and TIMB is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since May 11, 2021 | -0.12 |
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Return for Risk
PFIX vs. TIMB — Risk / Return Rank
PFIX
TIMB
PFIX vs. TIMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Interest Rate Hedge ETF (PFIX) and TIM S.A. (TIMB). 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 | TIMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.17 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 1.22 | -1.62 |
| Martin ratioReturn relative to average drawdown | -0.62 | 3.35 | -3.97 |
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Drawdowns
PFIX vs. TIMB - Drawdown Comparison
The maximum PFIX drawdown since its inception was -36.17%, roughly equal to the maximum TIMB drawdown of -37.08%. Use the drawdown chart below to compare losses from any high point for PFIX and TIMB.
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Drawdown Indicators
| PFIX | TIMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.17% | -37.08% | +0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -25.64% | -23.82% | -1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -36.17% | -37.08% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -36.17% | -37.08% | +0.91% |
Current DrawdownCurrent decline from peak | -20.78% | -20.28% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -17.13% | -12.14% | -4.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.52% | 8.68% | +7.84% |
Volatility
PFIX vs. TIMB - Volatility Comparison
Simplify Interest Rate Hedge ETF (PFIX) has a higher volatility of 8.38% compared to TIM S.A. (TIMB) at 6.33%. This indicates that PFIX's price experiences larger fluctuations and is considered to be riskier than TIMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFIX | TIMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.38% | 6.33% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 21.22% | 25.37% | -4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.44% | 31.42% | -0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.52% | 31.55% | +6.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.29% | 32.10% | +6.19% |
Dividends
PFIX vs. TIMB - Dividend Comparison
PFIX's dividend yield for the trailing twelve months is around 10.11%, more than TIMB's 8.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
PFIX Simplify Interest Rate Hedge ETF | 10.11% | 9.92% | 3.40% | 87.92% | 0.63% | 0.00% | 0.00% |
TIMB TIM S.A. | 8.17% | 11.67% | 6.03% | 4.98% | 4.05% | 3.43% | 3.05% |
Frequently Asked Questions
PFIX and TIMB have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFIX has higher volatility (8.38%) compared to TIMB (6.33%). In terms of maximum drawdown, PFIX dropped -36.17% vs TIMB's -37.08%.
TIMB currently has the higher Sharpe Ratio (0.93 vs -0.34), 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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