PFIX
Simplify Interest Rate Hedge ETF
PFIX is actively managed to provide a hedge against a sharp increase in long-term interest rates. The fund holds OTC interest rate options, US Treasurys, and US Treasury Inflation-Protected Securities (TIPS).
Government
FIXED INCOME
Active
MANAGEMENT STYLE
164.1 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | Simplify Asset Management Inc. |
| Category | Government |
| Asset class | Fixed Income |
| Website | link... |
| Inception date | May 10, 2021 |
| Assets (mns) | $166 |
| Expense ratio | 50 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 08/29/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 6.8% | 32.0% | -14.4% | -0.4% | -- | -- | -- | 2.6% |
| Dividend Yield | 3.9% | 6.9% | 36.0% | 26.9% | -- | -- | -- | 18.9% |
| Total Returns | 10.7% | 38.8% | 21.6% | 26.5% | -- | -- | -- | 21.5% | Ann. Volatility | 40.0% | 39.0% | 40.4% | 40.7% | -- | -- | -- | 39.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -1.66 | 41% |
| MSCI EAFE | -1.79 | 55% |
| MSCI Emg Mkts | -1.58 | 45% |
Liquidity Measures
| Avg. volume (000) | 311 |
| ADV traded (mns) | $17 |
| Turnover | 10.5% |
| Avg. Bid/Ask (% of price) | 0.56% |
Technical Indicators
| Recent close | $55.16 |
| 30d moving avg. | $55.13 |
| Annualized volatility | 39.3% |
| Relative strength (RSI) | 52 |
| Short interest | 0.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Government Fixed Income ETFs |
| # of ETFs | 9 |
| Avg. Expense Ratio | 56.4 bp |
| Std. Deviation | 28.5 bp |
| PFIX (50 bp) Percentile rank | 52 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PFIX | 50.0 | 55.8 | 105.8 |
| Peer Avg. | 18.9 | 7.7 | 26.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .