PINK vs. FOXY

Last updated Jun 14, 2026

PINK (Simplify Health Care ETF) and FOXY (Simplify Currency Strategy ETF) are both exchange-traded funds - PINK is a Health & Biotech Equities fund actively managed by Simplify, while FOXY is a Leveraged Currency fund actively managed by Simplify. Both are actively managed. Over the past year, PINK returned 26.02% vs 18.56% for FOXY. At a 0.08 correlation, their price movements are largely independent. PINK charges 0.50%/yr vs 0.81%/yr for FOXY.

Performance

PINK vs. FOXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Health Care ETF (PINK) and Simplify Currency Strategy ETF (FOXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PINK achieves a 1.52% return, which is significantly lower than FOXY's 10.75% return.

PINK

• 1D: -0.16%
• 1M: 0.05%
• YTD: 1.52%
• 6M: 0.42%
• 1Y: 26.02%
• 3Y*: 13.34%
• 5Y*: —
• 10Y*: —

FOXY

• 1D: 0.28%
• 1M: 0.44%
• YTD: 10.75%
• 6M: 6.56%
• 1Y: 18.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PINK vs. FOXY - Yearly Performance Comparison

	2026 (YTD)	2025
PINK Simplify Health Care ETF	1.52%	21.88%
FOXY Simplify Currency Strategy ETF	10.75%	14.71%

Correlation

The correlation between PINK and FOXY is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (All Time) Calculated using the full available price history since Feb 4, 2025	0.08

Return for Risk

PINK vs. FOXY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PINK

PINK Risk / Return Rank: 40
PINK Sharpe Ratio Rank: 45
PINK Sortino Ratio Rank: 46
PINK Omega Ratio Rank: 41
PINK Calmar Ratio Rank: 35
PINK Martin Ratio Rank: 34

FOXY

FOXY Risk / Return Rank: 77
FOXY Sharpe Ratio Rank: 72
FOXY Sortino Ratio Rank: 77
FOXY Omega Ratio Rank: 72
FOXY Calmar Ratio Rank: 89
FOXY Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PINK vs. FOXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Health Care ETF (PINK) and Simplify Currency Strategy ETF (FOXY). 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.

	PINK	FOXY	Difference
Sharpe ratio: Return per unit of total volatility	1.39	2.03	-0.65
Sortino ratio: Return per unit of downside risk	2.06	2.99	-0.93
Omega ratio: Gain probability vs. loss probability	1.24	1.37	-0.13
Calmar ratio: Return relative to maximum drawdown	1.53	4.61	-3.08
Martin ratio: Return relative to average drawdown	4.58	12.65	-8.07

PINK vs. FOXY - Sharpe Ratio Comparison

The current PINK Sharpe Ratio is 1.39, which is lower than the FOXY Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of PINK and FOXY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PINK vs. FOXY - Drawdown Comparison

The maximum PINK drawdown since its inception was -18.77%, which is greater than FOXY's maximum drawdown of -13.09%. Use the drawdown chart below to compare losses from any high point for PINK and FOXY.

Drawdown Indicators

	PINK	FOXY	Difference
Max Drawdown Largest peak-to-trough decline	-18.77%	-13.09%	-5.68%
Max Drawdown (1Y) Largest decline over 1 year	-16.81%	-4.32%	-12.49%
Max Drawdown (3Y) Largest decline over 3 years	-18.77%	—	—
Current Drawdown Current decline from peak	-3.67%	-2.02%	-1.65%
Average Drawdown Average peak-to-trough decline	-6.72%	-2.10%	-4.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.60%	1.57%	+4.03%

Volatility

PINK vs. FOXY - Volatility Comparison

Simplify Health Care ETF (PINK) has a higher volatility of 5.68% compared to Simplify Currency Strategy ETF (FOXY) at 2.59%. This indicates that PINK's price experiences larger fluctuations and is considered to be riskier than FOXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PINK	FOXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.68%	2.59%	+3.09%
Volatility (6M) Calculated over the trailing 6-month period	13.84%	7.54%	+6.30%
Volatility (1Y) Calculated over the trailing 1-year period	18.51%	9.85%	+8.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.61%	14.96%	+2.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.61%	14.96%	+2.65%

PINK vs. FOXY - Expense Ratio Comparison

PINK has a 0.50% expense ratio, which is lower than FOXY's 0.81% expense ratio.

Dividends

PINK vs. FOXY - Dividend Comparison

PINK's dividend yield for the trailing twelve months is around 0.67%, less than FOXY's 8.20% yield.

Position	TTM	2025	2024	2023	2022	2021
FOXY Simplify Currency Strategy ETF	8.20%	5.51%	0.00%	0.00%	0.00%	0.00%
PINK Simplify Health Care ETF	0.67%	0.68%	0.32%	0.94%	0.42%	0.04%

Frequently Asked Questions

Can I hold both PINK and FOXY in my portfolio?

PINK and FOXY have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PINK or FOXY?

PINK has higher volatility (5.68%) compared to FOXY (2.59%). In terms of maximum drawdown, PINK dropped -18.77% vs FOXY's -13.09%.

Which ETF is better, PINK or FOXY?

On 1-year performance, PINK leads with 26.02% vs 18.56% for FOXY. On fees, PINK is cheaper at 0.50% per year. On volatility, FOXY has been the lower-risk option at 2.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PINK or FOXY?

Over the 1-year period, PINK has performed better with a 26.02% return vs 18.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PINK or FOXY?

PINK is cheaper with a 0.50% expense ratio, compared with 0.81% for FOXY.

Which ETF pays a higher dividend yield, PINK or FOXY?

FOXY has the higher dividend yield at 8.20%, compared with 0.67% for PINK.

What is the main difference between PINK and FOXY?

PINK is categorized as Health & Biotech Equities, while FOXY is Leveraged Currency. Their fees differ too: 0.50% for PINK and 0.81% for FOXY.

Which has better risk-adjusted returns?

FOXY currently has the higher Sharpe Ratio (2.03 vs 1.39), 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.