YGLD vs. PFIX

Last updated Apr 1, 2026

Compare and contrast key facts about Simplify Gold Strategy PLUS Income ETF (YGLD) and Simplify Interest Rate Hedge ETF (PFIX).

YGLD and PFIX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YGLD is an actively managed fund by Simplify. It was launched on Dec 2, 2024. PFIX is an actively managed fund by Simplify. It was launched on May 10, 2021.

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.

YGLD vs. PFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YGLD Simplify Gold Strategy PLUS Income ETF	-1.29%	96.82%	-4.17%
PFIX Simplify Interest Rate Hedge ETF	-2.90%	0.42%	14.34%

Returns By Period

In the year-to-date period, YGLD achieves a -1.29% return, which is significantly higher than PFIX's -2.90% return.

YGLD

• 1D: 4.23%
• 1M: -23.15%
• YTD: -1.29%
• 6M: 10.04%
• 1Y: 59.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PFIX

• 1D: -3.95%
• 1M: 11.53%
• YTD: -2.90%
• 6M: 2.03%
• 1Y: 4.58%
• 3Y*: 17.99%
• 5Y*: —
• 10Y*: —

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

YGLD vs. PFIX - Expense Ratio Comparison

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

YGLD

Simplify Gold Strategy PLUS Income ETF

PFIX

Simplify Interest Rate Hedge ETF

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: 74
YGLD Sharpe Ratio Rank: 77
YGLD Sortino Ratio Rank: 74
YGLD Omega Ratio Rank: 73
YGLD Calmar Ratio Rank: 73
YGLD Martin Ratio Rank: 71

PFIX

PFIX Risk / Return Rank: 16
PFIX Sharpe Ratio Rank: 16
PFIX Sortino Ratio Rank: 19
PFIX Omega Ratio Rank: 17
PFIX Calmar Ratio Rank: 14
PFIX Martin Ratio Rank: 14

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.

	YGLD	PFIX	Difference
Sharpe ratio Return per unit of total volatility	1.37	0.13	+1.24
Sortino ratio Return per unit of downside risk	1.84	0.46	+1.37
Omega ratio Gain probability vs. loss probability	1.26	1.05	+0.21
Calmar ratio Return relative to maximum drawdown	1.82	0.10	+1.72
Martin ratio Return relative to average drawdown	7.04	0.17	+6.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YGLD vs. PFIX - Sharpe Ratio Comparison

The current YGLD Sharpe Ratio is 1.37, which is higher than the PFIX Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of YGLD and PFIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	YGLD	PFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	0.13	+1.24
Sharpe Ratio (All Time) Calculated using the full available price history	1.52	0.40	+1.12

Correlation

The correlation between YGLD and PFIX is -0.05. 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.

Dividends

YGLD vs. PFIX - Dividend Comparison

YGLD's dividend yield for the trailing twelve months is around 15.70%, more than PFIX's 10.17% yield.

	TTM	2025	2024	2023	2022	2021
YGLD Simplify Gold Strategy PLUS Income ETF	15.70%	12.05%	0.00%	0.00%	0.00%	0.00%
PFIX Simplify Interest Rate Hedge ETF	10.17%	9.92%	3.40%	87.92%	0.63%	0.00%

Drawdowns

YGLD vs. PFIX - Drawdown Comparison

The maximum YGLD drawdown since its inception was -34.23%, smaller than the maximum PFIX 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	-34.23%	-36.17%	+1.94%
Max Drawdown (1Y) Largest decline over 1 year	-34.23%	-28.22%	-6.01%
Current Drawdown Current decline from peak	-28.77%	-19.94%	-8.83%
Average Drawdown Average peak-to-trough decline	-5.15%	-17.07%	+11.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.86%	17.44%	-8.58%

Volatility

YGLD vs. PFIX - Volatility Comparison

Simplify Gold Strategy PLUS Income ETF (YGLD) has a higher volatility of 15.51% compared to Simplify Interest Rate Hedge ETF (PFIX) at 13.71%. 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	15.51%	13.71%	+1.80%
Volatility (6M) Calculated over the trailing 6-month period	36.91%	20.26%	+16.65%
Volatility (1Y) Calculated over the trailing 1-year period	43.67%	35.00%	+8.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.12%	38.75%	+1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.12%	38.75%	+1.37%