RFIX vs. GLDB

Last updated Jun 25, 2026

RFIX (Simplify Bond Bull ETF) and GLDB (Strategy Shares Gold-Hedged Bond ETF) are both Nontraditional Bonds funds. RFIX is actively managed, while GLDB is passively managed. At a correlation of -0.04, they often move in opposite directions. RFIX charges 0.50%/yr vs 0.79%/yr for GLDB.

Performance

RFIX vs. GLDB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Bond Bull ETF (RFIX) and Strategy Shares Gold-Hedged Bond ETF (GLDB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RFIX achieves a 12.02% return, which is significantly higher than GLDB's -22.47% return.

RFIX

• 1D: 4.23%
• 1M: 3.11%
• YTD: 12.02%
• 6M: 5.31%
• 1Y: -14.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDB

• 1D: -4.97%
• 1M: -20.80%
• YTD: -22.47%
• 6M: -24.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RFIX vs. GLDB - Yearly Performance Comparison

	2026 (YTD)	2025
RFIX Simplify Bond Bull ETF	12.02%	-15.16%
GLDB Strategy Shares Gold-Hedged Bond ETF	-22.47%	-3.56%

Correlation

The correlation between RFIX and GLDB is -0.04, 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 (All Time) Calculated using the full available price history since Oct 24, 2025	-0.04

Return for Risk

RFIX vs. GLDB — Risk / Return Rank

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

RFIX

RFIX Risk / Return Rank: 5
RFIX Sharpe Ratio Rank: 5
RFIX Sortino Ratio Rank: 5
RFIX Omega Ratio Rank: 5
RFIX Calmar Ratio Rank: 4
RFIX Martin Ratio Rank: 5

GLDB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

RFIX vs. GLDB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Bond Bull ETF (RFIX) and Strategy Shares Gold-Hedged Bond ETF (GLDB). 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.

	RFIX	GLDB	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	—	—
Sortino ratio: Return per unit of downside risk	-0.50	—	—
Omega ratio: Gain probability vs. loss probability	0.95	—	—
Calmar ratio: Return relative to maximum drawdown	-0.56	—	—
Martin ratio: Return relative to average drawdown	-0.93	—	—

Drawdowns

RFIX vs. GLDB - Drawdown Comparison

The maximum RFIX drawdown since its inception was -38.79%, roughly equal to the maximum GLDB drawdown of -38.30%. Use the drawdown chart below to compare losses from any high point for RFIX and GLDB.

Drawdown Indicators

	RFIX	GLDB	Difference
Max Drawdown Largest peak-to-trough decline	-38.79%	-38.30%	-0.49%
Max Drawdown (1Y) Largest decline over 1 year	-25.48%	—	—
Current Drawdown Current decline from peak	-29.71%	-38.30%	+8.59%
Average Drawdown Average peak-to-trough decline	-24.32%	-14.90%	-9.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.20%	—	—

Volatility

Volatility by Period

	RFIX	GLDB	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.30%	40.48%	-10.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.17%	40.48%	-9.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.17%	40.48%	-9.31%

RFIX vs. GLDB - Expense Ratio Comparison

RFIX has a 0.50% expense ratio, which is lower than GLDB's 0.79% expense ratio.

Dividends

RFIX vs. GLDB - Dividend Comparison

RFIX's dividend yield for the trailing twelve months is around 4.46%, more than GLDB's 0.25% yield.

Position	TTM	2025
GLDB Strategy Shares Gold-Hedged Bond ETF	0.25%	0.19%
RFIX Simplify Bond Bull ETF	4.46%	5.07%

Frequently Asked Questions

Can I hold both RFIX and GLDB in my portfolio?

RFIX and GLDB have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RFIX or GLDB?

On fees, RFIX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RFIX or GLDB?

RFIX is cheaper with a 0.50% expense ratio, compared with 0.79% for GLDB.

Which ETF pays a higher dividend yield, RFIX or GLDB?

RFIX has the higher dividend yield at 4.46%, compared with 0.25% for GLDB.

What is the main difference between RFIX and GLDB?

They also come from different issuers: Simplify and Strategy Shares. Their fees differ too: 0.50% for RFIX and 0.79% for GLDB.