RYSE vs. PFIX
RYSE (Vest 10 Year Interest Rate Hedge ETF) and PFIX (Simplify Interest Rate Hedge ETF) are both exchange-traded funds - RYSE is a Nontraditional Bonds fund actively managed by Vest, while PFIX is a Inverse Bonds fund actively managed by Simplify. Both are actively managed. Over the past 3 years, RYSE returned 2.10%/yr vs 14.25%/yr for PFIX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. RYSE charges 0.85%/yr vs 0.50%/yr for PFIX.
Performance
RYSE vs. PFIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYSE achieves a 2.52% return, which is significantly lower than PFIX's 11.17% return.
RYSE
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.04%
- YTD
- 2.52%
- 1Y
- 5.23%
- 3Y*
- 2.10%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.88%
PFIX
- 1D
- 0.46%
- 1M
- 18.26%
- 6M
- 11.37%
- YTD
- 11.17%
- 1Y
- 7.75%
- 3Y*
- 14.25%
- 5Y*
- 23.80%
- 10Y*
- —
- ALL TIME*
- 17.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.65M | $6.17M | $16.90M | |
| $0.00 | $0.00 | $0.00 |
RYSE vs. PFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RYSE Vest 10 Year Interest Rate Hedge ETF | 2.52% | -3.09% | 12.46% | 9.32% |
PFIX Simplify Interest Rate Hedge ETF | 11.17% | 0.42% | 35.94% | 28.81% |
Correlation
The correlation between RYSE and PFIX is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023 | 0.69 |
The correlation between RYSE and PFIX shifts across timeframes, from 0.51 (1 year) to 0.71 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
RYSE vs. PFIX — Risk / Return Rank
RYSE
PFIX
RYSE vs. PFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vest 10 Year Interest Rate Hedge ETF (RYSE) and Simplify Interest Rate Hedge ETF (PFIX). 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.
| RYSE | PFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.07 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 0.33 | +0.42 |
| Martin ratioReturn relative to average drawdown | 2.07 | 0.50 | +1.57 |
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Drawdowns
RYSE vs. PFIX - Drawdown Comparison
The maximum RYSE drawdown since its inception was -19.70%, smaller than the maximum PFIX drawdown of -36.17%. Use the drawdown chart below to compare losses from any high point for RYSE and PFIX.
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Drawdown Indicators
| RYSE | PFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.70% | -36.17% | +16.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.06% | -23.71% | +16.65% |
Max Drawdown (3Y)Largest decline over 3 years | -19.70% | -36.17% | +16.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.17% | — |
Current DrawdownCurrent decline from peak | -7.83% | -8.34% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -17.19% | +8.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 15.40% | -12.87% |
Volatility
RYSE vs. PFIX - Volatility Comparison
The current volatility for Vest 10 Year Interest Rate Hedge ETF (RYSE) is 0.00%, while Simplify Interest Rate Hedge ETF (PFIX) has a volatility of 7.75%. This indicates that RYSE experiences smaller price fluctuations and is considered to be less risky than PFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYSE | PFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 7.75% | -7.75% |
Volatility (6M)Calculated over the trailing 6-month period | 5.77% | 21.85% | -16.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.06% | 28.94% | -19.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 38.62% | -24.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.56% | 38.12% | -23.56% |
RYSE vs. PFIX - Expense Ratio Comparison
RYSE has a 0.85% expense ratio, which is higher than PFIX's 0.50% expense ratio.
Dividends
RYSE vs. PFIX - Dividend Comparison
RYSE's dividend yield for the trailing twelve months is around 0.93%, less than PFIX's 7.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
PFIX Simplify Interest Rate Hedge ETF | 7.78% | 9.92% | 3.40% | 87.92% | 0.63% | 0.00% |
RYSE Vest 10 Year Interest Rate Hedge ETF | 0.93% | 1.86% | 2.58% | 24.91% | 0.00% | 0.00% |
Frequently Asked Questions
RYSE and PFIX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFIX has higher volatility (7.75%) compared to RYSE (0.00%). In terms of maximum drawdown, RYSE dropped -19.70% vs PFIX's -36.17%.
On 3-year performance, PFIX leads with 14.25% vs 2.10% for RYSE. On fees, PFIX is cheaper at 0.50% per year. On volatility, RYSE has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PFIX has performed better with a 14.25% return vs 2.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PFIX is cheaper with a 0.50% expense ratio, compared with 0.85% for RYSE.
PFIX has the higher dividend yield at 7.78%, compared with 0.93% for RYSE.
RYSE is categorized as Nontraditional Bonds, while PFIX is Inverse Bonds. They also come from different issuers: Vest and Simplify. Their fees differ too: 0.85% for RYSE and 0.50% for PFIX.
RYSE currently has the higher Sharpe Ratio (0.58 vs 0.27), 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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