RFIX vs. QQQ

Last updated Aug 2, 2026

RFIX (Simplify Bond Bull ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - RFIX is a Nontraditional Bonds fund actively managed by Simplify, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. RFIX is actively managed, while QQQ is passively managed. Over the past year, RFIX returned -15.77% vs 24.81% for QQQ. Their -0.06 correlation means they have often moved in opposite directions in the past. RFIX charges 0.50%/yr vs 0.18%/yr for QQQ.

Performance

RFIX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Bond Bull ETF (RFIX) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RFIX achieves a 4.85% return, which is significantly lower than QQQ's 12.26% return.

RFIX

• 1D: 0.12%
• 1M: -2.47%
• 6M: 5.09%
• YTD: 4.85%
• 1Y: -15.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -22.51%

QQQ

• 1D: 0.65%
• 1M: -3.45%
• 6M: 10.89%
• YTD: 12.26%
• 1Y: 24.81%
• 3Y*: 22.29%
• 5Y*: 14.23%
• 10Y*: 20.44%
• ALL TIME*: 10.64%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QQQ Invesco QQQ ETF	$30.32B	$28.40B	$31.45B
RFIX Simplify Bond Bull ETF	$6.74M	$8.71M	$16.93M

RFIX vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RFIX Simplify Bond Bull ETF	4.85%	-28.43%	-12.22%
QQQ Invesco QQQ ETF	12.26%	20.77%	-1.98%

Correlation

The correlation between RFIX and QQQ is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.07
Correlation (All Time) Calculated using the full available price history since Dec 10, 2024	-0.06

Return for Risk

RFIX vs. QQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RFIX

RFIX Risk / Return Rank: 4
RFIX Sharpe Ratio Rank: 5
RFIX Sortino Ratio Rank: 5
RFIX Omega Ratio Rank: 5
RFIX Calmar Ratio Rank: 4
RFIX Martin Ratio Rank: 3

QQQ

QQQ Risk / Return Rank: 49
QQQ Sharpe Ratio Rank: 47
QQQ Sortino Ratio Rank: 46
QQQ Omega Ratio Rank: 45
QQQ Calmar Ratio Rank: 53
QQQ Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RFIX vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Bond Bull ETF (RFIX) and Invesco QQQ ETF (QQQ). 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	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.50	1.16	-1.66
Sortino ratio: Return per unit of downside risk	-0.55	1.65	-2.20
Omega ratio: Gain probability vs. loss probability	0.94	1.21	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.68	1.88	-2.55
Martin ratio: Return relative to average drawdown	-1.20	6.00	-7.20

RFIX vs. QQQ - Sharpe Ratio Comparison

The current RFIX Sharpe Ratio is -0.50, which is lower than the QQQ Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of RFIX and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RFIX vs. QQQ - Drawdown Comparison

The maximum RFIX drawdown since its inception was -38.79%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for RFIX and QQQ.

Drawdown Indicators

	RFIX	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-38.79%	-82.97%	+44.18%
Max Drawdown (1Y) Largest decline over 1 year	-21.63%	-11.96%	-9.67%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-34.21%	-7.69%	-26.52%
Average Drawdown Average peak-to-trough decline	-24.89%	-32.62%	+7.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.18%	3.74%	+8.44%

Volatility

RFIX vs. QQQ - Volatility Comparison

The current volatility for Simplify Bond Bull ETF (RFIX) is 6.23%, while Invesco QQQ ETF (QQQ) has a volatility of 6.87%. This indicates that RFIX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RFIX	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.23%	6.87%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	20.46%	16.08%	+4.38%
Volatility (1Y) Calculated over the trailing 1-year period	29.41%	19.38%	+10.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.63%	22.90%	+7.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.63%	22.50%	+8.13%

RFIX vs. QQQ - Expense Ratio Comparison

RFIX has a 0.50% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

RFIX vs. QQQ - Dividend Comparison

RFIX's dividend yield for the trailing twelve months is around 4.36%, more than QQQ's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.44%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
RFIX Simplify Bond Bull ETF	4.36%	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

Can I hold both RFIX and QQQ in my portfolio?

RFIX and QQQ have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RFIX or QQQ?

QQQ has higher volatility (6.87%) compared to RFIX (6.23%). In terms of maximum drawdown, RFIX dropped -38.79% vs QQQ's -82.97%.

Which ETF is better, RFIX or QQQ?

On 1-year performance, QQQ leads with 24.81% vs -15.77% for RFIX. On fees, QQQ is cheaper at 0.18% per year. On volatility, RFIX has been the lower-risk option at 6.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RFIX or QQQ?

Over the 1-year period, QQQ has performed better with a 24.81% return vs -15.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RFIX or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.50% for RFIX.

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

RFIX has the higher dividend yield at 4.36%, compared with 0.44% for QQQ.

What is the main difference between RFIX and QQQ?

RFIX is categorized as Nontraditional Bonds, while QQQ is Nasdaq-100. They also come from different issuers: Simplify and Invesco. Their fees differ too: 0.50% for RFIX and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (1.16 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.