RFIX vs. VOO

Last updated Jun 23, 2026

RFIX (Simplify Bond Bull ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - RFIX is a Nontraditional Bonds fund actively managed by Simplify, while VOO is a S&P 500 fund tracking the S&P 500 Index. RFIX is actively managed, while VOO is passively managed. Over the past year, RFIX returned -13.48% vs 26.77% for VOO. At a correlation of -0.01, they often move in opposite directions. RFIX charges 0.50%/yr vs 0.03%/yr for VOO.

Performance

RFIX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Bond Bull ETF (RFIX) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RFIX achieves a 10.40% return, which is significantly higher than VOO's 9.75% return.

RFIX

• 1D: -1.88%
• 1M: 1.62%
• YTD: 10.40%
• 6M: 7.29%
• 1Y: -13.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VOO

• 1D: -0.29%
• 1M: 0.08%
• YTD: 9.75%
• 6M: 9.30%
• 1Y: 26.77%
• 3Y*: 21.36%
• 5Y*: 13.58%
• 10Y*: 15.77%

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

RFIX vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RFIX Simplify Bond Bull ETF	10.40%	-28.43%	-12.22%
VOO Vanguard S&P 500 ETF	9.75%	17.82%	-2.77%

Correlation

The correlation between RFIX and VOO is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Dec 10, 2024	-0.01

Return for Risk

RFIX vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RFIX

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

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 70
VOO Sortino Ratio Rank: 67
VOO Omega Ratio Rank: 69
VOO Calmar Ratio Rank: 63
VOO Martin Ratio Rank: 74

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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Bond Bull ETF (RFIX) and Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	-0.45	2.17	-2.63
Sortino ratio: Return per unit of downside risk	-0.47	2.93	-3.40
Omega ratio: Gain probability vs. loss probability	0.95	1.39	-0.45
Calmar ratio: Return relative to maximum drawdown	-0.53	3.02	-3.55
Martin ratio: Return relative to average drawdown	-0.89	13.58	-14.47

RFIX vs. VOO - Sharpe Ratio Comparison

The current RFIX Sharpe Ratio is -0.45, which is lower than the VOO Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of RFIX and VOO, 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. VOO - Drawdown Comparison

The maximum RFIX drawdown since its inception was -38.79%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for RFIX and VOO.

Drawdown Indicators

	RFIX	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-38.79%	-33.99%	-4.80%
Max Drawdown (1Y) Largest decline over 1 year	-25.48%	-8.90%	-16.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-30.73%	-1.74%	-28.99%
Average Drawdown Average peak-to-trough decline	-24.28%	-3.68%	-20.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.13%	1.98%	+13.15%

Volatility

RFIX vs. VOO - Volatility Comparison

Simplify Bond Bull ETF (RFIX) has a higher volatility of 7.96% compared to Vanguard S&P 500 ETF (VOO) at 4.60%. This indicates that RFIX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RFIX	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.96%	4.60%	+3.36%
Volatility (6M) Calculated over the trailing 6-month period	20.54%	9.73%	+10.81%
Volatility (1Y) Calculated over the trailing 1-year period	29.94%	12.39%	+17.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.98%	16.90%	+14.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.98%	18.05%	+12.93%

RFIX vs. VOO - Expense Ratio Comparison

RFIX has a 0.50% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

RFIX vs. VOO - Dividend Comparison

RFIX's dividend yield for the trailing twelve months is around 4.53%, more than VOO's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RFIX Simplify Bond Bull ETF	4.53%	5.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.04%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both RFIX and VOO in my portfolio?

RFIX and VOO have a correlation of -0.02, 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 VOO?

RFIX has higher volatility (7.96%) compared to VOO (4.60%). In terms of maximum drawdown, RFIX dropped -38.79% vs VOO's -33.99%.

Which ETF is better, RFIX or VOO?

On 1-year performance, VOO leads with 26.77% vs -13.48% for RFIX. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 4.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RFIX or VOO?

Over the 1-year period, VOO has performed better with a 26.77% return vs -13.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RFIX or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.50% for RFIX.

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

RFIX has the higher dividend yield at 4.53%, compared with 1.04% for VOO.

What is the main difference between RFIX and VOO?

RFIX is categorized as Nontraditional Bonds, while VOO is S&P 500. They also come from different issuers: Simplify and Vanguard. Their fees differ too: 0.50% for RFIX and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.17 vs -0.45), 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.