^TYX vs. PFIX
Compare and contrast key facts about Treasury Yield 30 Years (^TYX) and Simplify Interest Rate Hedge ETF (PFIX).
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: ^TYX or PFIX.
Key characteristics
| ^TYX | PFIX | |
|---|---|---|
| YTD Return | 13.24% | 19.53% |
| 1Y Return | 15.19% | 23.71% |
| 3Y Return (Ann) | 19.37% | 19.12% |
| Sharpe Ratio | 0.76 | 0.56 |
| Daily Std Dev | 19.25% | 40.13% |
| Max Drawdown | -93.84% | -39.17% |
| Current Drawdown | -70.08% | -24.94% |
Correlation
The correlation between ^TYX and PFIX is 0.76, 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.
Performance
^TYX vs. PFIX - Performance Comparison
In the year-to-date period, ^TYX achieves a 13.24% return, which is significantly lower than PFIX's 19.53% 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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Risk-Adjusted Performance
^TYX vs. PFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 30 Years (^TYX) 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.
Drawdowns
^TYX vs. PFIX - Drawdown Comparison
The maximum ^TYX drawdown since its inception was -93.84%, which is greater than PFIX's maximum drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for ^TYX and PFIX. For additional features, visit the drawdowns tool.
Volatility
^TYX vs. PFIX - Volatility Comparison
The current volatility for Treasury Yield 30 Years (^TYX) is 3.99%, while Simplify Interest Rate Hedge ETF (PFIX) has a volatility of 9.05%. This indicates that ^TYX 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.