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Simplify Interest Rate Hedge ETF (PFIX)
About this ETF
The Simplify Interest Rate Hedge ETF (PFIX) is designed to mitigate the impact of ascending long-term interest rates and capitalize on periods of elevated market stress characterized by increased fixed income volatility. The fund achieves this by holding substantial positions in over-the-counter (OTC) interest rate options. These options are specifically chosen to provide a direct, transparent, and convex upside from significant increases in both interest rates and their inherent volatility. PFIX offers retail investors access to sophisticated OTC derivatives, instruments traditionally reserved for institutional players. In essence, it is designed to function similarly to holding long-dated put options on 20-year US Treasury bonds. By maintaining these option exposures for an extended duration, the ETF delivers a clear and uncomplicated solution…
Price
Top 10 holdings
| B 12/3/26 Govt | 23.01% |
| B 8/20/26 Govt | 21.69% |
| SIMPLIFY E GOVT MONEY MKT ETF SBIL | 11.76% |
| B 12/31/26 Govt | 10.43% |
| B 09/01/26 Govt | 8.60% |
| SWAPTION 05/10/2030 P4.50/SOFR MSX | 5.93% |
| B 10/15/26 Govt | 5.54% |
| B 7/21/26 Govt | 4.24% |
| SWAPTION 05/01/2030 P4.50/SOFR GSX | 3.63% |
| SWAPTION 05/02/2030 P4.50/SOFR GSX | 2.06% |
Sector mix
Price chart
Returns
| 1 month | -1.18% |
| 3 months | +3.58% |
| 6 months | -0.23% |
| Year to date | -2.25% |
| 1 year | -14.51% |
| 3 years (ann.) | -11.01% |
| 5 years (ann.) | +3.14% |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 29.92% |
| Sharpe (1y) | -0.38 |
| Sharpe (3y) | 0.01 |
| Sortino (1y) | -0.64 |
| Max drawdown (1y) | -31.52% |
| Max drawdown (5y) | -66.22% |
| Max drawdown (full) | -66.22% |
| Beta vs S&P 500 (1y) | -0.65 |
| Correlation vs S&P 500 (1y) | -0.27 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Cost vs. peers
Comparison universe: 1,710 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-06-25 | 2026-06-30 | USD 0.1000 |
| 2026-05-26 | 2026-05-29 | USD 0.1000 |
| 2026-04-27 | 2026-04-30 | USD 0.1000 |
| 2026-03-26 | 2026-03-31 | USD 0.1000 |
| 2026-02-24 | 2026-02-27 | USD 0.1000 |
| 2026-01-27 | 2026-01-30 | USD 0.1000 |
| 2025-12-23 | 2025-12-31 | USD 2.6098 |
| 2025-11-21 | 2025-11-28 | USD 0.1000 |
| 2025-10-28 | 2025-10-31 | USD 0.1000 |
| 2025-09-25 | 2025-09-30 | USD 0.1000 |
| 2025-08-26 | 2025-08-29 | USD 0.6000 |
| 2025-07-28 | 2025-07-31 | USD 0.6000 |
| 2025-06-25 | 2025-06-30 | USD 0.1200 |
| 2025-05-27 | 2025-05-30 | USD 0.1500 |
| 2025-04-25 | 2025-04-30 | USD 0.1500 |
| 2025-03-26 | 2025-03-31 | USD 0.1500 |
| 2025-02-25 | 2025-02-28 | USD 0.1000 |
| 2025-01-28 | 2025-01-31 | USD 0.1000 |
| 2024-12-23 | 2024-12-31 | USD 0.1479 |
| 2024-11-25 | 2024-11-29 | USD 0.1800 |
| 2024-10-28 | 2024-10-31 | USD 0.1800 |
| 2024-09-25 | 2024-09-30 | USD 0.2000 |
| 2024-08-27 | 2024-08-30 | USD 0.2000 |
| 2024-07-26 | 2024-07-31 | USD 0.1800 |
| 2024-06-25 | 2024-06-28 | USD 0.1600 |
| 2024-05-24 | 2024-05-31 | USD 0.1400 |
| 2024-04-25 | 2024-04-30 | USD 0.1200 |
| 2024-03-25 | 2024-03-28 | USD 0.1000 |
| 2024-02-26 | 2024-02-29 | USD 0.1000 |
| 2024-01-26 | 2024-01-31 | USD 0.0700 |
| 2023-12-26 | 2023-12-29 | USD 34.2665 |
| 2023-11-27 | 2023-11-30 | USD 0.1000 |
| 2023-10-26 | 2023-10-31 | USD 0.1000 |
| 2023-09-27 | 2023-09-29 | USD 0.1000 |
| 2023-08-28 | 2023-08-31 | USD 0.1000 |
| 2023-07-26 | 2023-07-31 | USD 0.1000 |
| 2023-06-27 | 2023-07-03 | USD 0.1000 |
| 2023-05-25 | 2023-05-31 | USD 0.1000 |
| 2023-04-25 | 2023-04-28 | USD 0.1000 |
| 2023-01-26 | 2023-01-31 | USD 0.1000 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 4.01% | -0.82% | -0.19 |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 4.03% | -0.76% | -0.17 |
| Vanguard Total International Bond ETF BNDX | 0.07% | 122.00B | 4.52% | -2.72% | -0.64 |
| iShares 0-3 Month Treasury Bond ETF SGOV | 0.09% | 97.69B | 3.80% | +0.05% | 0.05 |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 4.16% | -0.54% | -0.18 |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 4.02% | -1.02% | -0.48 |
| Vanguard Intermediate-Term Corporate Bond ETF VCIT | 0.03% | 68.70B | 4.86% | -1.04% | -0.22 |
| Vanguard Intermediate-Term Bond ETF BIV | 0.03% | 52.20B | 4.27% | -1.28% | -0.28 |
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 4.47% | -0.85% | -0.36 |
| Vanguard Intermediate-Term Treasury ETF VGIT | 0.03% | 49.50B | 3.89% | -1.50% | -0.41 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 0.0% |
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 0.0% |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 0.0% |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 0.0% |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 0.0% |
