Simplify Interest Rate Hedge ETF (PFIX) Performance
PFIX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +22.1% since Dec 31, 2025
- 1 year
- +36.5% total return
- 5 years
- +25.4% a year
- Since first price
- +18.7% a year since 2021
PFIX trailing returns vs SPY, QQQ, AGG
| Period | PFIX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +4.9% | +4.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +18.3% | +17.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +30.8% | +29.2% | +7.8% | +8.4% | −1.5% |
| YTD | +22.1% | +19.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +36.5% | +26.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +15.7%+5.0%/yr | −0.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +210.4%+25.4%/yr | +161.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMay 11, 2021 | +154.6%+18.7%/yr | +114.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PFIX vs SPY
From May 11, 2021: PFIX grew to $25,459, SPY to $19,744.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PFIX returns by calendar year
4 of 4 full years positive. Best 2022 (+92.1%), worst 2025 (+0.7%). 2026 is year to date.
PFIX annual returns table
| Year | PFIX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +22.1% | −19.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +0.7% | −27.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +35.9% | −30.9% | +24.9% | +25.6% | +1.3% |
| 2023 | +5.7% | −36.2% | +26.2% | +54.9% | +5.7% |
| 2022 | +92.1% | −30.1% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PFIX largest drawdowns
Now 14.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 20, 2023 | −36.2% | Dec 15, 2023 | Apr 21, 2025 | 56 days | 1.5 years |
| Oct 24, 2022 | −32.2% | Feb 2, 2023 | Sep 21, 2023 | 3 months | 11 months |
| May 21, 2025 | −28.0% | Feb 27, 2026 | Sep 24, 2026 | 9 months | 1.3 years |
| May 12, 2021 | −26.0% | Dec 31, 2021 | Mar 28, 2022 | 8 months | 11 months |
| Jun 14, 2022 | −25.6% | Aug 1, 2022 | Sep 26, 2022 | 48 days | 3 months |
| May 6, 2022 | −18.7% | May 27, 2022 | Jun 14, 2022 | 21 days | 39 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PFIX risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +12.8% | +28.0% | +21.7% |
| Volatility (annualized) | 37.3% | 37.4% | 37.1% |
| Sharpe ratio | 0.39 | 0.75 | 0.62 |
| Sortino ratio | 0.64 | 1.33 | 1.07 |
| Best month | +22.8% | +25.2% | +25.2% |
| Worst month | −18.5% | −18.5% | −18.5% |
| Best 12 months | +40.9% | +94.0% | +94.0% |
| Worst 12 months | −17.1% | −17.1% | −17.1% |
| Positive months | 50% | 55% | 53% |
| Beta vs S&P 500 | -1.45 | -1.29 | — |
| Correlation with S&P 500 | -0.48 | -0.54 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PFIX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 54 | −17.1% | +24.2% | +94.0% | 85% |
| 3-year (a year) | 30 | +5.2% | +22.7% | +40.3% | 100% |
| 5-year (a year) | 6 | +15.9% | +23.3% | +28.0% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
PFIX performance overview
Simplify Interest Rate Hedge ETF (PFIX) returned +36.5% over the past year and +25.4% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +18.7% a year, turning $10,000 into about $25,459. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −36.2%, from Oct 20, 2023 to Dec 15, 2023, and it took 1.3 years to get back to the old high. PFIX finished 4 of its 4 full calendar years with a gain; the best year was 2022 (+92.1%) and the worst 2025 (+0.7%). Volatility has been 37.1% a year.
Related: PFIX chart, PFIX holdings, PFIX dividends. See the PFIX overview for the latest quote and fund facts.
PFIX performance FAQ
What is the PFIX return over the past year?
PFIX returned +36.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 26.4%.
What is the average annual return of PFIX?
PFIX has returned +25.4% a year over 5 years, +18.7% a year since May 11, 2021 (total return, distributions reinvested).
How much would $10,000 invested in PFIX be worth?
$10,000 invested in PFIX at its first recorded close on May 11, 2021 would be worth about $25,459 on October 23, 2026 with distributions reinvested.
What was the worst year for PFIX?
The worst calendar year was 2025, with a total return of +0.7%. The best was 2022 at +92.1%.
What is the biggest drawdown of PFIX?
The largest peak-to-trough decline was −36.2% between October 20, 2023 and December 15, 2023. It recovered to the old high on April 21, 2025, 1.3 years after the bottom.
How volatile is PFIX?
Over the past 3 years PFIX had an annualized volatility of 37.3% and a Sharpe ratio of 0.39 (excess return over 1–3 month T-bills per unit of risk).