RFIX vs. QQQ

Last updated Apr 1, 2026

Compare and contrast key facts about Simplify Bond Bull ETF (RFIX) and Invesco QQQ ETF (QQQ).

RFIX and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.

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.

RFIX vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RFIX Simplify Bond Bull ETF	12.33%	-28.43%	-12.32%
QQQ Invesco QQQ ETF	-5.93%	20.77%	-1.64%

Returns By Period

In the year-to-date period, RFIX achieves a 12.33% return, which is significantly higher than QQQ's -5.93% return.

RFIX

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

QQQ

• 1D: 3.39%
• 1M: -4.84%
• YTD: -5.93%
• 6M: -3.62%
• 1Y: 23.68%
• 3Y*: 22.32%
• 5Y*: 12.88%
• 10Y*: 18.85%

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

RFIX vs. QQQ - Expense Ratio Comparison

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

RFIX

Simplify Bond Bull ETF

QQQ

Invesco QQQ ETF

Return for Risk

RFIX vs. QQQ — 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

QQQ

QQQ Risk / Return Rank: 69
QQQ Sharpe Ratio Rank: 63
QQQ Sortino Ratio Rank: 68
QQQ Omega Ratio Rank: 67
QQQ Calmar Ratio Rank: 76
QQQ Martin Ratio Rank: 73

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. 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.

	RFIX	QQQ	Difference
Sharpe ratio Return per unit of total volatility	-0.65	1.05	-1.70
Sortino ratio Return per unit of downside risk	-0.79	1.63	-2.42
Omega ratio Gain probability vs. loss probability	0.91	1.23	-0.32
Calmar ratio Return relative to maximum drawdown	-0.52	1.88	-2.40
Martin ratio Return relative to average drawdown	-0.79	6.95	-7.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RFIX vs. QQQ - Sharpe Ratio Comparison

The current RFIX Sharpe Ratio is -0.65, which is lower than the QQQ Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of RFIX and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RFIX	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.65	1.05	-1.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.74	0.37	-1.11

Correlation

The correlation between RFIX and QQQ is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

RFIX vs. QQQ - Dividend Comparison

RFIX's dividend yield for the trailing twelve months is around 4.67%, more than QQQ's 0.49% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RFIX Simplify Bond Bull ETF	4.67%	5.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.49%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

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	-36.01%	-12.62%	-23.39%
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	-29.52%	-8.98%	-20.54%
Average Drawdown Average peak-to-trough decline	-23.03%	-32.99%	+9.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.79%	3.41%	+20.38%

Volatility

RFIX vs. QQQ - Volatility Comparison

Simplify Bond Bull ETF (RFIX) has a higher volatility of 13.53% compared to Invesco QQQ ETF (QQQ) at 6.51%. This indicates that RFIX's price experiences larger fluctuations and is considered to be riskier 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	13.53%	6.51%	+7.02%
Volatility (6M) Calculated over the trailing 6-month period	22.63%	12.77%	+9.86%
Volatility (1Y) Calculated over the trailing 1-year period	32.19%	22.67%	+9.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.27%	22.39%	+9.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.27%	22.25%	+10.02%