YGLD vs. PFIX

Last updated Jul 17, 2026

YGLD (Simplify Gold Strategy PLUS Income ETF) and PFIX (Simplify Interest Rate Hedge ETF) are both exchange-traded funds - YGLD is a Gold fund actively managed by Simplify, while PFIX is a Hedge Fund fund actively managed by Simplify. Both are actively managed. Over the past year, YGLD returned 5.42% vs -14.03% for PFIX. At a correlation of -0.07, they often move in opposite directions. Both charge a 0.50% expense ratio.

Performance

YGLD vs. PFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Gold Strategy PLUS Income ETF (YGLD) and Simplify Interest Rate Hedge ETF (PFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YGLD achieves a -21.49% return, which is significantly lower than PFIX's -0.06% return.

YGLD

• 1D: -2.67%
• 1M: -12.55%
• 6M: -28.42%
• YTD: -21.49%
• 1Y: 5.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PFIX

• 1D: 0.75%
• 1M: 6.96%
• 6M: 4.29%
• YTD: -0.06%
• 1Y: -14.03%
• 3Y*: 17.38%
• 5Y*: 21.23%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

YGLD vs. PFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YGLD Simplify Gold Strategy PLUS Income ETF	-21.49%	96.82%	-4.26%
PFIX Simplify Interest Rate Hedge ETF	-0.06%	0.42%	17.54%

Correlation

The correlation between YGLD and PFIX is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	-0.07

Return for Risk

YGLD vs. PFIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YGLD

YGLD Risk / Return Rank: 12
YGLD Sharpe Ratio Rank: 11
YGLD Sortino Ratio Rank: 12
YGLD Omega Ratio Rank: 13
YGLD Calmar Ratio Rank: 11
YGLD Martin Ratio Rank: 11

PFIX

PFIX Risk / Return Rank: 5
PFIX Sharpe Ratio Rank: 5
PFIX Sortino Ratio Rank: 5
PFIX Omega Ratio Rank: 5
PFIX Calmar Ratio Rank: 5
PFIX Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YGLD vs. PFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Gold Strategy PLUS Income ETF (YGLD) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	YGLD	PFIX	Difference
Sharpe ratio: Return per unit of total volatility	0.13	-0.48	+0.61
Sortino ratio: Return per unit of downside risk	0.45	-0.55	+1.00
Omega ratio: Gain probability vs. loss probability	1.06	0.94	+0.12
Calmar ratio: Return relative to maximum drawdown	0.13	-0.55	+0.67
Martin ratio: Return relative to average drawdown	0.27	-0.81	+1.08

YGLD vs. PFIX - Sharpe Ratio Comparison

The current YGLD Sharpe Ratio is 0.13, which is higher than the PFIX Sharpe Ratio of -0.48. The chart below compares the historical Sharpe Ratios of YGLD and PFIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

YGLD vs. PFIX - Drawdown Comparison

The maximum YGLD drawdown since its inception was -43.35%, which is greater than PFIX's maximum drawdown of -36.17%. Use the drawdown chart below to compare losses from any high point for YGLD and PFIX.

Drawdown Indicators

	YGLD	PFIX	Difference
Max Drawdown Largest peak-to-trough decline	-43.35%	-36.17%	-7.18%
Max Drawdown (1Y) Largest decline over 1 year	-43.35%	-25.64%	-17.71%
Max Drawdown (3Y) Largest decline over 3 years	—	-36.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.17%	—
Current Drawdown Current decline from peak	-43.35%	-17.60%	-25.75%
Average Drawdown Average peak-to-trough decline	-10.16%	-17.21%	+7.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.01%	17.38%	+2.63%

Volatility

YGLD vs. PFIX - Volatility Comparison

Simplify Gold Strategy PLUS Income ETF (YGLD) has a higher volatility of 10.02% compared to Simplify Interest Rate Hedge ETF (PFIX) at 8.90%. This indicates that YGLD'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.

Volatility by Period

	YGLD	PFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.02%	8.90%	+1.12%
Volatility (6M) Calculated over the trailing 6-month period	35.94%	21.99%	+13.95%
Volatility (1Y) Calculated over the trailing 1-year period	42.26%	29.10%	+13.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.32%	38.53%	+0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.32%	38.16%	+1.16%

YGLD vs. PFIX - Expense Ratio Comparison

Both YGLD and PFIX have an expense ratio of 0.50%.

Dividends

YGLD vs. PFIX - Dividend Comparison

YGLD's dividend yield for the trailing twelve months is around 22.21%, more than PFIX's 9.70% yield.

Position	TTM	2025	2024	2023	2022	2021
PFIX Simplify Interest Rate Hedge ETF	9.70%	9.92%	3.40%	87.92%	0.63%	0.00%
YGLD Simplify Gold Strategy PLUS Income ETF	22.21%	12.05%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YGLD and PFIX in my portfolio?

YGLD and PFIX have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YGLD or PFIX?

YGLD has higher volatility (10.02%) compared to PFIX (8.90%). In terms of maximum drawdown, YGLD dropped -43.35% vs PFIX's -36.17%.

Which ETF is better, YGLD or PFIX?

On 1-year performance, YGLD leads with 5.42% vs -14.03% for PFIX. Both ETFs have the same 0.50% expense ratio. On volatility, PFIX has been the lower-risk option at 8.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YGLD or PFIX?

Over the 1-year period, YGLD has performed better with a 5.42% return vs -14.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YGLD or PFIX?

YGLD and PFIX have the same expense ratio: 0.50% per year.

Which ETF pays a higher dividend yield, YGLD or PFIX?

YGLD has the higher dividend yield at 22.21%, compared with 9.70% for PFIX.

What is the main difference between YGLD and PFIX?

YGLD is categorized as Gold, while PFIX is Hedge Fund.

Which has better risk-adjusted returns?

YGLD currently has the higher Sharpe Ratio (0.13 vs -0.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.