RFIX vs. GSG
RFIX (Simplify Bond Bull ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - RFIX is a Nontraditional Bonds fund actively managed by Simplify, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. RFIX is actively managed, while GSG is passively managed. Over the past year, RFIX returned -14.76% vs 51.52% for GSG. At a correlation of -0.15, they often move in opposite directions. RFIX charges 0.50%/yr vs 0.75%/yr for GSG.
Performance
RFIX vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, RFIX achieves a 7.97% return, which is significantly lower than GSG's 42.58% return.
RFIX
- 1D
- 0.99%
- 1M
- -2.56%
- YTD
- 7.97%
- 6M
- -2.48%
- 1Y
- -14.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- 0.77%
- 1M
- -4.83%
- YTD
- 42.58%
- 6M
- 41.06%
- 1Y
- 51.52%
- 3Y*
- 19.31%
- 5Y*
- 15.74%
- 10Y*
- 7.69%
RFIX vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RFIX Simplify Bond Bull ETF | 7.97% | -28.43% | -12.32% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 42.58% | 5.93% | 2.50% |
Correlation
The correlation between RFIX and GSG is -0.17, 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 | -0.17 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2024 | -0.15 |
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Return for Risk
RFIX vs. GSG — Risk / Return Rank
RFIX
GSG
RFIX vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Bond Bull ETF (RFIX) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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.
| RFIX | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.75 | ||
| Sortino ratioReturn per unit of downside risk | -3.42 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.40 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 5.47 | -6.06 |
| Martin ratioReturn relative to average drawdown | -1.01 | 14.39 | -15.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RFIX | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.50 | 2.26 | -2.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.76 | -0.09 | -0.67 |
Drawdowns
RFIX vs. GSG - Drawdown Comparison
The maximum RFIX drawdown since its inception was -38.79%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for RFIX and GSG.
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Drawdown Indicators
| RFIX | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.79% | -89.62% | +50.83% |
Max Drawdown (1Y)Largest decline over 1 year | -25.48% | -9.46% | -16.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.94% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -32.25% | -56.95% | +24.70% |
Average DrawdownAverage peak-to-trough decline | -24.11% | -63.71% | +39.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.70% | 3.59% | +11.11% |
Volatility
RFIX vs. GSG - Volatility Comparison
The current volatility for Simplify Bond Bull ETF (RFIX) is 5.47%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.65%. This indicates that RFIX experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RFIX | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 7.65% | -2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 20.35% | 20.42% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.75% | 22.95% | +6.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.90% | 22.61% | +8.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.90% | 22.03% | +8.87% |
RFIX vs. GSG - Expense Ratio Comparison
RFIX has a 0.50% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
RFIX vs. GSG - Dividend Comparison
RFIX's dividend yield for the trailing twelve months is around 4.63%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% |
RFIX Simplify Bond Bull ETF | 4.63% | 5.07% |
Frequently Asked Questions
RFIX and GSG have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.65%) compared to RFIX (5.47%). In terms of maximum drawdown, RFIX dropped -38.79% vs GSG's -89.62%.
On 1-year performance, GSG leads with 51.52% vs -14.76% for RFIX. On fees, RFIX is cheaper at 0.50% per year. On volatility, RFIX has been the lower-risk option at 5.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GSG has performed better with a 51.52% return vs -14.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RFIX is cheaper with a 0.50% expense ratio, compared with 0.75% for GSG.
RFIX has the higher dividend yield at 4.63%, compared with 0.00% for GSG.
RFIX is categorized as Nontraditional Bonds, while GSG is Commodities. They also come from different issuers: Simplify and iShares. Their fees differ too: 0.50% for RFIX and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (2.26 vs -0.50), 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.
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