SGOV vs. PFIX
Compare and contrast key facts about iShares 0-3 Month Treasury Bond ETF (SGOV) and Simplify Interest Rate Hedge ETF (PFIX).
SGOV and PFIX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020. PFIX is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 10, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SGOV or PFIX.
Correlation
The correlation between SGOV and PFIX is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SGOV vs. PFIX - Performance Comparison
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Key characteristics
SGOV:
21.26
PFIX:
0.54
SGOV:
482.39
PFIX:
1.08
SGOV:
483.39
PFIX:
1.12
SGOV:
494.09
PFIX:
0.55
SGOV:
7,843.46
PFIX:
1.86
SGOV:
0.00%
PFIX:
11.70%
SGOV:
0.23%
PFIX:
40.09%
SGOV:
-0.03%
PFIX:
-39.52%
SGOV:
0.00%
PFIX:
-5.67%
Returns By Period
In the year-to-date period, SGOV achieves a 1.52% return, which is significantly lower than PFIX's 10.50% return.
SGOV
1.52%
0.37%
2.16%
4.83%
N/A
N/A
PFIX
10.50%
2.33%
21.94%
19.46%
N/A
N/A
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SGOV vs. PFIX - Expense Ratio Comparison
SGOV has a 0.03% expense ratio, which is lower than PFIX's 0.50% expense ratio.
Risk-Adjusted Performance
SGOV vs. PFIX — Risk-Adjusted Performance Rank
SGOV
PFIX
SGOV vs. PFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) 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.
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Dividends
SGOV vs. PFIX - Dividend Comparison
SGOV's dividend yield for the trailing twelve months is around 4.70%, more than PFIX's 3.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 4.70% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
PFIX Simplify Interest Rate Hedge ETF | 3.30% | 3.40% | 80.99% | 0.63% | 0.00% | 0.00% |
Drawdowns
SGOV vs. PFIX - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum PFIX drawdown of -39.52%. Use the drawdown chart below to compare losses from any high point for SGOV and PFIX. For additional features, visit the drawdowns tool.
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Volatility
SGOV vs. PFIX - Volatility Comparison
The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.07%, while Simplify Interest Rate Hedge ETF (PFIX) has a volatility of 12.24%. This indicates that SGOV 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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