SBAR vs. PFIX

Last updated Apr 1, 2026

Compare and contrast key facts about Simplify Barrier Income ETF (SBAR) and Simplify Interest Rate Hedge ETF (PFIX).

SBAR and PFIX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SBAR is an actively managed fund by Simplify. It was launched on Apr 14, 2025. PFIX is an actively managed fund by Simplify. It was launched on May 10, 2021.

Performance

SBAR vs. PFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Barrier Income ETF (SBAR) and Simplify Interest Rate Hedge ETF (PFIX). The values are adjusted to include any dividend payments, if applicable.

SBAR vs. PFIX - Yearly Performance Comparison

	2026 (YTD)	2025
SBAR Simplify Barrier Income ETF	-3.29%	13.80%
PFIX Simplify Interest Rate Hedge ETF	-2.90%	-5.02%

Returns By Period

In the year-to-date period, SBAR achieves a -3.29% return, which is significantly lower than PFIX's -2.90% return.

SBAR

• 1D: 0.99%
• 1M: -3.40%
• YTD: -3.29%
• 6M: -0.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PFIX

• 1D: -3.95%
• 1M: 11.53%
• YTD: -2.90%
• 6M: 2.03%
• 1Y: 4.58%
• 3Y*: 17.99%
• 5Y*: —
• 10Y*: —

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

SBAR vs. PFIX - Expense Ratio Comparison

SBAR has a 0.75% expense ratio, which is higher than PFIX's 0.50% expense ratio.

SBAR

Simplify Barrier Income ETF

PFIX

Simplify Interest Rate Hedge ETF

Return for Risk

SBAR vs. PFIX — Risk / Return Rank

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

PFIX

PFIX Risk / Return Rank: 16
PFIX Sharpe Ratio Rank: 16
PFIX Sortino Ratio Rank: 19
PFIX Omega Ratio Rank: 17
PFIX Calmar Ratio Rank: 14
PFIX Martin Ratio Rank: 14

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.

SBAR vs. PFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Barrier Income ETF (SBAR) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SBAR	PFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	0.40	+0.65

Correlation

The correlation between SBAR and PFIX is -0.12. 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

SBAR vs. PFIX - Dividend Comparison

SBAR's dividend yield for the trailing twelve months is around 12.31%, more than PFIX's 10.17% yield.

	TTM	2025	2024	2023	2022	2021
SBAR Simplify Barrier Income ETF	12.31%	8.56%	0.00%	0.00%	0.00%	0.00%
PFIX Simplify Interest Rate Hedge ETF	10.17%	9.92%	3.40%	87.92%	0.63%	0.00%

Drawdowns

SBAR vs. PFIX - Drawdown Comparison

The maximum SBAR drawdown since its inception was -5.32%, smaller than the maximum PFIX drawdown of -36.17%. Use the drawdown chart below to compare losses from any high point for SBAR and PFIX.

Drawdown Indicators

	SBAR	PFIX	Difference
Max Drawdown Largest peak-to-trough decline	-5.32%	-36.17%	+30.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-28.22%	—
Current Drawdown Current decline from peak	-4.39%	-19.94%	+15.55%
Average Drawdown Average peak-to-trough decline	-0.94%	-17.07%	+16.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.44%	—

Volatility

Volatility by Period

	SBAR	PFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.15%	35.00%	-24.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.15%	38.75%	-28.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.15%	38.75%	-28.60%