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. It was launched on May 10, 2021.
Performance
TTT vs. PFIX - Performance Comparison
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TTT vs. PFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TTT UltraPro Short 20+ Year Treasury | 1.05% | -7.89% | 38.07% | -11.25% | 150.17% | -29.06% |
PFIX Simplify Interest Rate Hedge ETF | -2.90% | 0.42% | 35.94% | 5.67% | 92.05% | -24.95% |
Returns By Period
In the year-to-date period, TTT achieves a 1.05% return, which is significantly higher than PFIX's -2.90% return.
TTT
- 1D
- 0.49%
- 1M
- 14.15%
- YTD
- 1.05%
- 6M
- 6.63%
- 1Y
- 7.37%
- 3Y*
- 12.83%
- 5Y*
- 15.07%
- 10Y*
- -2.26%
PFIX
- 1D
- -3.95%
- 1M
- 11.53%
- YTD
- -2.90%
- 6M
- 2.03%
- 1Y
- 4.58%
- 3Y*
- 17.99%
- 5Y*
- —
- 10Y*
- —
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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.
Return for Risk
TTT vs. PFIX — Risk / Return Rank
TTT
PFIX
TTT vs. PFIX - Risk-Adjusted Trends 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.
| TTT | PFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.22 | 0.13 | +0.08 |
Sortino ratioReturn per unit of downside risk | 0.57 | 0.46 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.05 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.20 | 0.10 | +0.09 |
Martin ratioReturn relative to average drawdown | 0.34 | 0.17 | +0.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TTT | PFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 0.13 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 0.40 | -0.64 |
Correlation
The correlation between TTT and PFIX is 0.85, 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.
Dividends
TTT vs. PFIX - Dividend Comparison
TTT's dividend yield for the trailing twelve months is around 9.57%, less than PFIX's 10.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TTT UltraPro Short 20+ Year Treasury | 9.57% | 9.87% | 4.86% | 12.15% | 0.34% | 0.00% | 0.29% | 1.88% | 0.44% |
PFIX Simplify Interest Rate Hedge ETF | 10.17% | 9.92% | 3.40% | 87.92% | 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 -36.17%. Use the drawdown chart below to compare losses from any high point for TTT and PFIX.
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Drawdown Indicators
| TTT | PFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.00% | -36.17% | -57.83% |
Max Drawdown (1Y)Largest decline over 1 year | -25.97% | -28.22% | +2.25% |
Max Drawdown (5Y)Largest decline over 5 years | -49.69% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -81.76% | — | — |
Current DrawdownCurrent decline from peak | -78.81% | -19.94% | -58.87% |
Average DrawdownAverage peak-to-trough decline | -70.26% | -17.07% | -53.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.07% | 17.44% | -2.37% |
Volatility
TTT vs. PFIX - Volatility Comparison
The current volatility for UltraPro Short 20+ Year Treasury (TTT) is 10.81%, while Simplify Interest Rate Hedge ETF (PFIX) has a volatility of 13.71%. This indicates that TTT 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
| TTT | PFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.81% | 13.71% | -2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 19.73% | 20.26% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.37% | 35.00% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.26% | 38.75% | +8.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.47% | 38.75% | +4.72% |