PFIX vs. VOO
Compare and contrast key facts about Simplify Interest Rate Hedge ETF (PFIX) and Vanguard S&P 500 ETF (VOO).
PFIX and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFIX or VOO.
Key characteristics
| PFIX | VOO | |
|---|---|---|
| YTD Return | 37.17% | 7.31% |
| 1Y Return | 50.48% | 25.21% |
| Sharpe Ratio | 1.16 | 2.36 |
| Daily Std Dev | 40.54% | 11.75% |
| Max Drawdown | -39.17% | -33.99% |
| Current Drawdown | -13.87% | -2.94% |
Correlation
The correlation between PFIX and VOO is -0.07. 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.
Performance
PFIX vs. VOO - Performance Comparison
In the year-to-date period, PFIX achieves a 37.17% return, which is significantly higher than VOO's 7.31% 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. VOO - Expense Ratio Comparison
PFIX has a 0.50% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
PFIX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Interest Rate Hedge ETF (PFIX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
PFIX's dividend yield for the trailing twelve months is around 59.87%, more than VOO's 1.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFIX Simplify Interest Rate Hedge ETF | 59.87% | 80.99% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.37% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
PFIX vs. VOO - Drawdown Comparison
The maximum PFIX drawdown since its inception was -39.17%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PFIX and VOO. For additional features, visit the drawdowns tool.
Volatility
PFIX vs. VOO - Volatility Comparison
Simplify Interest Rate Hedge ETF (PFIX) has a higher volatility of 13.63% compared to Vanguard S&P 500 ETF (VOO) at 3.60%. This indicates that PFIX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.