PFIX vs. TTT
Compare and contrast key facts about Simplify Interest Rate Hedge ETF (PFIX) and UltraPro Short 20+ Year Treasury (TTT).
PFIX and TTT 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. TTT is a passively managed fund by ProShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Index (-300%). It was launched on Mar 27, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFIX or TTT.
Key characteristics
| PFIX | TTT | |
|---|---|---|
| YTD Return | 8.37% | 3.72% |
| 1Y Return | -0.55% | -7.47% |
| 3Y Return (Ann) | 24.79% | 31.47% |
| Sharpe Ratio | -0.02 | -0.17 |
| Daily Std Dev | 42.27% | 49.43% |
| Max Drawdown | -39.17% | -94.00% |
| Current Drawdown | -31.95% | -82.32% |
Correlation
The correlation between PFIX and TTT is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PFIX vs. TTT - Performance Comparison
In the year-to-date period, PFIX achieves a 8.37% return, which is significantly higher than TTT's 3.72% 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. TTT - Expense Ratio Comparison
PFIX has a 0.50% expense ratio, which is lower than TTT's 0.95% expense ratio.
Risk-Adjusted Performance
PFIX vs. TTT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Interest Rate Hedge ETF (PFIX) and UltraPro Short 20+ Year Treasury (TTT). 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. TTT - Dividend Comparison
PFIX's dividend yield for the trailing twelve months is around 77.59%, more than TTT's 14.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
PFIX Simplify Interest Rate Hedge ETF | 77.59% | 80.99% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% |
TTT UltraPro Short 20+ Year Treasury | 14.26% | 15.39% | 0.34% | 0.00% | 0.29% | 1.88% | 0.44% |
Drawdowns
PFIX vs. TTT - Drawdown Comparison
The maximum PFIX drawdown since its inception was -39.17%, smaller than the maximum TTT drawdown of -94.00%. Use the drawdown chart below to compare losses from any high point for PFIX and TTT. For additional features, visit the drawdowns tool.
Volatility
PFIX vs. TTT - Volatility Comparison
The current volatility for Simplify Interest Rate Hedge ETF (PFIX) is 12.56%, while UltraPro Short 20+ Year Treasury (TTT) has a volatility of 14.47%. This indicates that PFIX experiences smaller price fluctuations and is considered to be less risky than TTT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.