PFIX vs. VTIP
PFIX (Simplify Interest Rate Hedge ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both exchange-traded funds - PFIX is a Hedge Fund fund actively managed by Simplify, while VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. PFIX is actively managed, while VTIP is passively managed. Over the past 5 years, PFIX returned 17.72%/yr vs 3.28%/yr for VTIP. At a correlation of -0.37, they often move in opposite directions. PFIX charges 0.50%/yr vs 0.03%/yr for VTIP.
Performance
PFIX vs. VTIP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PFIX achieves a -6.98% return, which is significantly lower than VTIP's 1.36% return.
PFIX
- 1D
- -0.61%
- 1M
- -11.02%
- YTD
- -6.98%
- 6M
- -6.81%
- 1Y
- -12.36%
- 3Y*
- 15.87%
- 5Y*
- 17.72%
- 10Y*
- —
VTIP
- 1D
- 0.02%
- 1M
- -0.22%
- YTD
- 1.36%
- 6M
- 1.50%
- 1Y
- 3.58%
- 3Y*
- 5.00%
- 5Y*
- 3.28%
- 10Y*
- 3.03%
PFIX vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PFIX Simplify Interest Rate Hedge ETF | -6.98% | 0.42% | 35.94% | 5.67% | 92.05% | -24.98% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.36% | 6.07% | 4.74% | 4.62% | -2.94% | 2.73% |
Correlation
The correlation between PFIX and VTIP is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.38 |
Correlation (All Time) Calculated using the full available price history since May 11, 2021 | -0.37 |
The correlation between PFIX and VTIP shifts across timeframes, from -0.43 (3 years) to -0.18 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PFIX vs. VTIP — Risk / Return Rank
PFIX
VTIP
PFIX vs. VTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Interest Rate Hedge ETF (PFIX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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 | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.71 | ||
| Sortino ratioReturn per unit of downside risk | -4.03 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.47 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 5.03 | -5.52 |
| Martin ratioReturn relative to average drawdown | -0.74 | 17.90 | -18.64 |
Loading charts...
Drawdowns
PFIX vs. VTIP - Drawdown Comparison
The maximum PFIX drawdown since its inception was -36.17%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for PFIX and VTIP.
Loading charts...
Drawdown Indicators
| PFIX | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.17% | -6.27% | -29.90% |
Max Drawdown (1Y)Largest decline over 1 year | -25.64% | -0.71% | -24.93% |
Max Drawdown (3Y)Largest decline over 3 years | -36.17% | -0.98% | -35.19% |
Max Drawdown (5Y)Largest decline over 5 years | -36.17% | -5.50% | -30.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.27% | — |
Current DrawdownCurrent decline from peak | -23.31% | -0.69% | -22.62% |
Average DrawdownAverage peak-to-trough decline | -17.15% | -1.04% | -16.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.70% | 0.20% | +16.50% |
Volatility
PFIX vs. VTIP - Volatility Comparison
Simplify Interest Rate Hedge ETF (PFIX) has a higher volatility of 6.85% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.65%. This indicates that PFIX's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PFIX | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.85% | 0.65% | +6.20% |
Volatility (6M)Calculated over the trailing 6-month period | 21.31% | 1.17% | +20.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.19% | 1.57% | +27.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.46% | 2.77% | +35.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.23% | 2.74% | +35.49% |
PFIX vs. VTIP - Expense Ratio Comparison
PFIX has a 0.50% expense ratio, which is higher than VTIP's 0.03% expense ratio.
Dividends
PFIX vs. VTIP - Dividend Comparison
PFIX's dividend yield for the trailing twelve months is around 10.44%, more than VTIP's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PFIX Simplify Interest Rate Hedge ETF | 10.44% | 9.92% | 3.40% | 87.92% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.61% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
Frequently Asked Questions
PFIX and VTIP have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFIX has higher volatility (6.85%) compared to VTIP (0.65%). In terms of maximum drawdown, PFIX dropped -36.17% vs VTIP's -6.27%.
On 5-year performance, PFIX leads with 17.72% vs 3.28% for VTIP. On fees, VTIP is cheaper at 0.03% per year. On volatility, VTIP has been the lower-risk option at 0.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PFIX has performed better with a 17.72% return vs 3.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.50% for PFIX.
PFIX has the higher dividend yield at 10.44%, compared with 3.61% for VTIP.
PFIX is categorized as Hedge Fund, while VTIP is Inflation-Protected Bonds. They also come from different issuers: Simplify and Vanguard. Their fees differ too: 0.50% for PFIX and 0.03% for VTIP.
VTIP currently has the higher Sharpe Ratio (2.28 vs -0.43), 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.
Find the right allocation for PFIX and VTIP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer