WAVLX vs. PFIX
Compare and contrast key facts about Wavelength Interest Rate Neutral Fund (WAVLX) and Simplify Interest Rate Hedge ETF (PFIX).
WAVLX is managed by Wavelength Funds. It was launched on Sep 29, 2013. 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: WAVLX or PFIX.
Correlation
The correlation between WAVLX and PFIX is -0.57. 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
WAVLX vs. PFIX - Performance Comparison
Key characteristics
WAVLX:
1.39
PFIX:
0.41
WAVLX:
1.95
PFIX:
0.89
WAVLX:
1.26
PFIX:
1.10
WAVLX:
0.96
PFIX:
0.24
WAVLX:
6.82
PFIX:
1.08
WAVLX:
1.19%
PFIX:
14.37%
WAVLX:
5.74%
PFIX:
37.83%
WAVLX:
-15.63%
PFIX:
-64.01%
WAVLX:
-0.40%
PFIX:
-48.72%
Returns By Period
In the year-to-date period, WAVLX achieves a 2.20% return, which is significantly higher than PFIX's 0.95% return.
WAVLX
2.20%
2.74%
2.91%
8.56%
1.36%
2.39%
PFIX
0.95%
-7.48%
27.65%
9.63%
N/A
N/A
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WAVLX vs. PFIX - Expense Ratio Comparison
WAVLX has a 0.99% expense ratio, which is higher than PFIX's 0.50% expense ratio.
Risk-Adjusted Performance
WAVLX vs. PFIX — Risk-Adjusted Performance Rank
WAVLX
PFIX
WAVLX vs. PFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wavelength Interest Rate Neutral Fund (WAVLX) 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
WAVLX vs. PFIX - Dividend Comparison
WAVLX's dividend yield for the trailing twelve months is around 4.32%, more than PFIX's 3.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WAVLX Wavelength Interest Rate Neutral Fund | 4.32% | 4.41% | 4.84% | 3.63% | 1.36% | 1.10% | 2.28% | 2.66% | 2.08% | 2.13% | 2.19% | 2.37% |
PFIX Simplify Interest Rate Hedge ETF | 3.43% | 3.40% | 9.18% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WAVLX vs. PFIX - Drawdown Comparison
The maximum WAVLX drawdown since its inception was -15.63%, smaller than the maximum PFIX drawdown of -64.01%. Use the drawdown chart below to compare losses from any high point for WAVLX and PFIX. For additional features, visit the drawdowns tool.
Volatility
WAVLX vs. PFIX - Volatility Comparison
The current volatility for Wavelength Interest Rate Neutral Fund (WAVLX) is 1.69%, while Simplify Interest Rate Hedge ETF (PFIX) has a volatility of 10.54%. This indicates that WAVLX 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.