TTT vs. PFIX
Compare and contrast key facts about UltraPro Short 20+ Year Treasury (TTT) and Simplify Interest Rate Hedge ETF (PFIX).
TTT and PFIX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TTT is a passively managed fund by ProShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Index (-300%). It was launched on Mar 27, 2012. 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: TTT or PFIX.
Key characteristics
| TTT | PFIX | |
|---|---|---|
| YTD Return | 26.33% | 30.42% |
| 1Y Return | -4.42% | -1.83% |
| 3Y Return (Ann) | 40.76% | 32.08% |
| Sharpe Ratio | -0.25 | -0.14 |
| Sortino Ratio | -0.07 | 0.10 |
| Omega Ratio | 0.99 | 1.01 |
| Calmar Ratio | -0.13 | -0.14 |
| Martin Ratio | -0.56 | -0.34 |
| Ulcer Index | 20.01% | 16.57% |
| Daily Std Dev | 44.44% | 41.13% |
| Max Drawdown | -94.00% | -39.52% |
| Current Drawdown | -78.47% | -18.11% |
Correlation
The correlation between TTT and PFIX is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TTT vs. PFIX - Performance Comparison
In the year-to-date period, TTT achieves a 26.33% return, which is significantly lower than PFIX's 30.42% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TTT vs. PFIX - Expense Ratio Comparison
TTT has a 0.95% expense ratio, which is higher than PFIX's 0.50% expense ratio.
Risk-Adjusted Performance
TTT vs. PFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for UltraPro Short 20+ Year Treasury (TTT) 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.
Dividends
TTT vs. PFIX - Dividend Comparison
TTT's dividend yield for the trailing twelve months is around 11.85%, less than PFIX's 65.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
TTT UltraPro Short 20+ Year Treasury | 11.85% | 15.40% | 0.34% | 0.00% | 0.29% | 1.88% | 0.44% |
PFIX Simplify Interest Rate Hedge ETF | 65.39% | 80.99% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TTT vs. PFIX - Drawdown Comparison
The maximum TTT drawdown since its inception was -94.00%, which is greater than PFIX's maximum drawdown of -39.52%. Use the drawdown chart below to compare losses from any high point for TTT and PFIX. For additional features, visit the drawdowns tool.
Volatility
TTT vs. PFIX - Volatility Comparison
UltraPro Short 20+ Year Treasury (TTT) has a higher volatility of 14.62% compared to Simplify Interest Rate Hedge ETF (PFIX) at 13.62%. This indicates that TTT's price experiences larger fluctuations and is considered to be riskier than PFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.