RFIX vs. HYKE

Last updated Jun 4, 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: 0.99%
• 1M: -2.56%
• YTD: 7.97%
• 6M: -2.48%
• 1Y: -14.76%
• 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	-6.97%
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: 4
RFIX Sharpe Ratio Rank: 4
RFIX Sortino Ratio Rank: 4
RFIX Omega Ratio Rank: 5
RFIX Calmar Ratio Rank: 4
RFIX Martin Ratio Rank: 4

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	-0.50	—	—
Sortino ratio: Return per unit of downside risk	-0.55	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.58	—	—
Martin ratio: Return relative to average drawdown	-1.01	—	—
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	-0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.76	—	—

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	-32.25%	0.00%	-32.25%
Average Drawdown Average peak-to-trough decline	-24.11%	0.00%	-24.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.70%	—	—

Volatility

Volatility by Period

	RFIX	HYKE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.75%	0.00%	+29.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.90%	0.00%	+30.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.90%	0.00%	+30.90%

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 4.63%, 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	4.63%	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 4.63%, 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.