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 -11.17% vs 34.57% 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 6.11% return, which is significantly lower than GSG's 32.35% return.
RFIX
- 1D
- 1.28%
- 1M
- -1.57%
- 6M
- 6.20%
- YTD
- 6.11%
- 1Y
- -11.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- 3.60%
- 1M
- -0.20%
- 6M
- 28.24%
- YTD
- 32.35%
- 1Y
- 34.57%
- 3Y*
- 14.41%
- 5Y*
- 13.83%
- 10Y*
- 7.40%
RFIX vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RFIX Simplify Bond Bull ETF | 6.11% | -28.43% | -12.22% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.35% | 5.93% | 2.93% |
Correlation
The correlation between RFIX and GSG is -0.16, 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 | -0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 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.
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 | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.27 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 1.85 | -2.36 |
| Martin ratioReturn relative to average drawdown | -0.96 | 6.29 | -7.26 |
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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 | -21.63% | -18.81% | -2.82% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.81% | — |
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 | -33.42% | -60.04% | +26.62% |
Average DrawdownAverage peak-to-trough decline | -24.56% | -63.69% | +39.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.60% | 5.51% | +6.09% |
Volatility
RFIX vs. GSG - Volatility Comparison
Simplify Bond Bull ETF (RFIX) has a higher volatility of 9.27% compared to iShares S&P GSCI Commodity-Indexed Trust (GSG) at 7.35%. This indicates that RFIX's price experiences larger fluctuations and is considered to be riskier 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 | 9.27% | 7.35% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 20.43% | 21.50% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.74% | 23.48% | +6.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.85% | 22.80% | +8.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.85% | 22.00% | +8.85% |
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 4.56%, 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 | 4.56% | 5.07% |
Frequently Asked Questions
RFIX and GSG have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RFIX has higher volatility (9.27%) compared to GSG (7.35%). In terms of maximum drawdown, RFIX dropped -38.79% vs GSG's -89.62%.
On 1-year performance, GSG leads with 34.57% vs -11.17% for RFIX. On fees, RFIX is cheaper at 0.50% per year. On volatility, GSG has been the lower-risk option at 7.35%. 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 34.57% return vs -11.17%. 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 4.56%, 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 (1.48 vs -0.38), 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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