RFIX vs. HYKE

Last updated Jun 24, 2026

RFIX (Simplify Bond Bull ETF) and HYKE (Vest 2 Year Interest Rate Hedge ETF) are both Nontraditional Bonds funds. Both are actively managed. RFIX charges 0.50%/yr vs 0.85%/yr for HYKE.

Performance

RFIX vs. HYKE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Bond Bull ETF (RFIX) and Vest 2 Year Interest Rate Hedge ETF (HYKE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RFIX

• 1D: -2.65%
• 1M: -1.08%
• YTD: 7.47%
• 6M: 3.01%
• 1Y: -15.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYKE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RFIX vs. HYKE - Yearly Performance Comparison

	2026 (YTD)
RFIX Simplify Bond Bull ETF	-4.99%
HYKE Vest 2 Year Interest Rate Hedge ETF	0.00%

Return for Risk

RFIX vs. HYKE — 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: 4

HYKE

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. HYKE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Bond Bull ETF (RFIX) and Vest 2 Year Interest Rate Hedge ETF (HYKE). 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	HYKE	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	—	—
Sortino ratio: Return per unit of downside risk	-0.57	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.61	—	—
Martin ratio: Return relative to average drawdown	-1.02	—	—

Drawdowns

RFIX vs. HYKE - Drawdown Comparison

The maximum RFIX drawdown since its inception was -38.79%, which is greater than HYKE's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for RFIX and HYKE.

Drawdown Indicators

	RFIX	HYKE	Difference
Max Drawdown Largest peak-to-trough decline	-38.79%	0.00%	-38.79%
Max Drawdown (1Y) Largest decline over 1 year	-25.48%	—	—
Current Drawdown Current decline from peak	-32.57%	0.00%	-32.57%
Average Drawdown Average peak-to-trough decline	-24.30%	0.00%	-24.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.17%	—	—

Volatility

Volatility by Period

	RFIX	HYKE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.40%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.00%	0.00%	+30.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.01%	0.00%	+31.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.01%	0.00%	+31.01%

RFIX vs. HYKE - Expense Ratio Comparison

RFIX has a 0.50% expense ratio, which is lower than HYKE's 0.85% expense ratio.

Dividends

RFIX vs. HYKE - Dividend Comparison

RFIX's dividend yield for the trailing twelve months is around 4.65%, while HYKE has not paid dividends to shareholders.

Position	TTM	2025
HYKE Vest 2 Year Interest Rate Hedge ETF	0.00%	0.00%
RFIX Simplify Bond Bull ETF	4.65%	5.07%

Frequently Asked Questions

Which ETF is better, RFIX or HYKE?

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 HYKE?

RFIX is cheaper with a 0.50% expense ratio, compared with 0.85% for HYKE.

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

RFIX has the higher dividend yield at 4.65%, compared with 0.00% for HYKE.

What is the main difference between RFIX and HYKE?

They also come from different issuers: Simplify and Cboe Vest. Their fees differ too: 0.50% for RFIX and 0.85% for HYKE.