RFIX vs. HYKE

Last updated Apr 1, 2026

Compare and contrast key facts about Simplify Bond Bull ETF (RFIX) and Vest 2 Year Interest Rate Hedge ETF (HYKE).

RFIX and HYKE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RFIX is an actively managed fund by Simplify. It was launched on Dec 9, 2024. HYKE is an actively managed fund by Cboe Vest. It was launched on Jan 10, 2024.

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.

RFIX vs. HYKE - Yearly Performance Comparison

	2026 (YTD)
RFIX Simplify Bond Bull ETF	-3.21%
HYKE Vest 2 Year Interest Rate Hedge ETF	0.00%

Returns By Period

RFIX

• 1D: -3.21%
• 1M: -3.42%
• YTD: 12.33%
• 6M: -3.00%
• 1Y: -20.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYKE

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

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

RFIX vs. HYKE - Expense Ratio Comparison

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

HYKE

Vest 2 Year Interest Rate Hedge ETF

RFIX

Simplify Bond Bull ETF

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: 3
RFIX Sharpe Ratio Rank: 2
RFIX Sortino Ratio Rank: 2
RFIX Omega Ratio Rank: 3
RFIX Calmar Ratio Rank: 4
RFIX Martin Ratio Rank: 6

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.

	RFIX	HYKE	Difference
Sharpe ratio Return per unit of total volatility	-0.65	—	—
Sortino ratio Return per unit of downside risk	-0.79	—	—
Omega ratio Gain probability vs. loss probability	0.91	—	—
Calmar ratio Return relative to maximum drawdown	-0.52	—	—
Martin ratio Return relative to average drawdown	-0.79	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RFIX	HYKE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.74	—	—

Dividends

RFIX vs. HYKE - Dividend Comparison

RFIX's dividend yield for the trailing twelve months is around 4.67%, while HYKE has not paid dividends to shareholders.

	TTM	2025
RFIX Simplify Bond Bull ETF	4.67%	5.07%
HYKE Vest 2 Year Interest Rate Hedge ETF	0.00%	0.00%

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	-36.01%	—	—
Current Drawdown Current decline from peak	-29.52%	0.00%	-29.52%
Average Drawdown Average peak-to-trough decline	-23.03%	0.00%	-23.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.79%	—	—

Volatility

Volatility by Period

	RFIX	HYKE	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	32.19%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.27%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.27%	—	—