RFIX vs. IGHG
RFIX (Simplify Bond Bull ETF) and IGHG (ProShares Investment Grade-Interest Rate Hedged) are both exchange-traded funds - RFIX is a Nontraditional Bonds fund actively managed by Simplify, while IGHG is a Corporate Bonds fund tracking the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. RFIX is actively managed, while IGHG is passively managed. Over the past year, RFIX returned -14.76% vs 5.77% for IGHG. At a correlation of -0.18, they often move in opposite directions. RFIX charges 0.50%/yr vs 0.30%/yr for IGHG.
Performance
RFIX vs. IGHG - Performance Comparison
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Returns By Period
In the year-to-date period, RFIX achieves a 7.97% return, which is significantly higher than IGHG's 2.17% return.
RFIX
- 1D
- 0.99%
- 1M
- -2.56%
- YTD
- 7.97%
- 6M
- -2.48%
- 1Y
- -14.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGHG
- 1D
- 0.05%
- 1M
- 0.76%
- YTD
- 2.17%
- 6M
- 2.54%
- 1Y
- 5.77%
- 3Y*
- 8.57%
- 5Y*
- 5.24%
- 10Y*
- 4.72%
RFIX vs. IGHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RFIX Simplify Bond Bull ETF | 7.97% | -28.43% | -12.32% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.17% | 5.65% | 0.80% |
Correlation
The correlation between RFIX and IGHG 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 | -0.18 |
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Return for Risk
RFIX vs. IGHG — Risk / Return Rank
RFIX
IGHG
RFIX vs. IGHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Bond Bull ETF (RFIX) and ProShares Investment Grade-Interest Rate Hedged (IGHG). 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 | IGHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -3.08 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.32 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 3.31 | -3.89 |
| Martin ratioReturn relative to average drawdown | -1.01 | 11.71 | -12.71 |
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 | IGHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.50 | 1.68 | -2.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.05 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.76 | 0.54 | -1.29 |
Drawdowns
RFIX vs. IGHG - Drawdown Comparison
The maximum RFIX drawdown since its inception was -38.79%, which is greater than IGHG's maximum drawdown of -25.16%. Use the drawdown chart below to compare losses from any high point for RFIX and IGHG.
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Drawdown Indicators
| RFIX | IGHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.79% | -25.16% | -13.63% |
Max Drawdown (1Y)Largest decline over 1 year | -25.48% | -1.75% | -23.73% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.16% | — |
Current DrawdownCurrent decline from peak | -32.25% | -0.11% | -32.14% |
Average DrawdownAverage peak-to-trough decline | -24.11% | -2.30% | -21.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.70% | 0.50% | +14.20% |
Volatility
RFIX vs. IGHG - Volatility Comparison
Simplify Bond Bull ETF (RFIX) has a higher volatility of 5.47% compared to ProShares Investment Grade-Interest Rate Hedged (IGHG) at 0.62%. This indicates that RFIX's price experiences larger fluctuations and is considered to be riskier than IGHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RFIX | IGHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 0.62% | +4.85% |
Volatility (6M)Calculated over the trailing 6-month period | 20.35% | 2.53% | +17.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.75% | 3.44% | +26.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.90% | 5.02% | +25.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.90% | 7.46% | +23.44% |
RFIX vs. IGHG - Expense Ratio Comparison
RFIX has a 0.50% expense ratio, which is higher than IGHG's 0.30% expense ratio.
Dividends
RFIX vs. IGHG - Dividend Comparison
RFIX's dividend yield for the trailing twelve months is around 4.63%, less than IGHG's 5.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | 5.11% | 5.14% | 5.06% | 4.99% | 3.55% | 2.50% | 2.79% | 3.48% | 4.13% | 3.36% | 3.37% | 3.65% |
RFIX Simplify Bond Bull ETF | 4.63% | 5.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RFIX and IGHG 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.
RFIX has higher volatility (5.47%) compared to IGHG (0.62%). In terms of maximum drawdown, RFIX dropped -38.79% vs IGHG's -25.16%.
On 1-year performance, IGHG leads with 5.77% vs -14.76% for RFIX. On fees, IGHG is cheaper at 0.30% per year. On volatility, IGHG has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IGHG has performed better with a 5.77% return vs -14.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGHG is cheaper with a 0.30% expense ratio, compared with 0.50% for RFIX.
IGHG has the higher dividend yield at 5.11%, compared with 4.63% for RFIX.
RFIX is categorized as Nontraditional Bonds, while IGHG is Corporate Bonds. They also come from different issuers: Simplify and ProShares. Their fees differ too: 0.50% for RFIX and 0.30% for IGHG.
IGHG currently has the higher Sharpe Ratio (1.68 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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