TYA vs. PFIX
Compare and contrast key facts about Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) and Simplify Interest Rate Hedge ETF (PFIX).
TYA and PFIX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TYA is an actively managed fund by Simplify. It was launched on Sep 27, 2021. 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: TYA or PFIX.
Key characteristics
| TYA | PFIX | |
|---|---|---|
| YTD Return | -6.62% | 22.93% |
| 1Y Return | 7.04% | -10.78% |
| 3Y Return (Ann) | -16.78% | 29.59% |
| Sharpe Ratio | 0.40 | -0.27 |
| Sortino Ratio | 0.70 | -0.12 |
| Omega Ratio | 1.08 | 0.99 |
| Calmar Ratio | 0.15 | -0.27 |
| Martin Ratio | 1.02 | -0.63 |
| Ulcer Index | 7.16% | 17.13% |
| Daily Std Dev | 18.08% | 40.99% |
| Max Drawdown | -51.15% | -39.52% |
| Current Drawdown | -44.32% | -22.80% |
Correlation
The correlation between TYA and PFIX is -0.74. 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.
Performance
TYA vs. PFIX - Performance Comparison
In the year-to-date period, TYA achieves a -6.62% return, which is significantly lower than PFIX's 22.93% 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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TYA vs. PFIX - Expense Ratio Comparison
TYA has a 0.17% expense ratio, which is lower than PFIX's 0.50% expense ratio.
Risk-Adjusted Performance
TYA vs. PFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) 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
TYA vs. PFIX - Dividend Comparison
TYA's dividend yield for the trailing twelve months is around 4.91%, less than PFIX's 69.37% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | 4.91% | 4.29% | 2.24% | 0.11% |
PFIX Simplify Interest Rate Hedge ETF | 69.37% | 80.99% | 0.63% | 0.00% |
Drawdowns
TYA vs. PFIX - Drawdown Comparison
The maximum TYA drawdown since its inception was -51.15%, which is greater than PFIX's maximum drawdown of -39.52%. Use the drawdown chart below to compare losses from any high point for TYA and PFIX. For additional features, visit the drawdowns tool.
Volatility
TYA vs. PFIX - Volatility Comparison
The current volatility for Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) is 5.12%, while Simplify Interest Rate Hedge ETF (PFIX) has a volatility of 13.67%. This indicates that TYA 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.