PFIX vs QQQ
Simplify Interest Rate Hedge ETF vs Invesco QQQ Trust, Series 1
Which is better, PFIX or QQQ?
Opposite sides of the same exposure.
QQQ has a lower expense ratio. PFIX led over 1Y, 5Y and the full window, QQQ over 3Y. The two move opposite each other, correlation -0.53, so holding both offsets the exposure while paying both fees.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PFIX | QQQ |
|---|---|---|
| Expense Ratio | 0.50% | 0.18%Best |
| AUM | $180M | $483.5B |
| Dividend Yield | 6.75% | 0.44% |
| Holdings | 30 | 107 |
| YTD Return | +10.11% | +17.95%Best |
| 1Y Return | +21.79%Best | +21.77% |
| 3Y Return (annualized) | +12.16% | +25.63%Best |
| 5Y Return (annualized) | +24.86%Best | +15.24% |
| Volatility (annualized) | 36.0% | 20.6%Best |
| Max Drawdown | -36.2% | -35.1%Best |
| $10,000 over 5 years | $30,347Best | $20,324 |
| Fund Family | Simplify Exchange Traded Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | May 10, 2021 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 11, 2021 to Sep 18, 2026 (5.4 years).
PFIX vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.4 years both funds cover.
PFIX vs QQQ Performance
Simplify Interest Rate Hedge ETF (PFIX) is an ETF from Simplify Exchange Traded Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year PFIX returned +21.79% while QQQ returned +21.77%. Year to date, PFIX is up 10.11% versus a gain of 17.95% for QQQ.
Over three years, PFIX compounded at +12.16% per year against +25.63% for QQQ; over five years the annualized figures are +24.86% and +15.24% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PFIX has been the more volatile fund, with annualized monthly volatility of 36.0% compared with 20.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -36.2% for PFIX and -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.53. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
PFIX charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, PFIX currently yields 6.75% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 1 holding in PFIX and 102 in QQQ, totalling 14.5% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in PFIX and 102 in QQQ, against full books of 30 and 107.
You are not choosing between two funds in isolation.
Whichever of PFIX and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PFIX or QQQ?
PFIX has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, PFIX or QQQ?
Over the past year PFIX returned +21.79% vs +21.77% for QQQ, so PFIX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PFIX or QQQ?
PFIX has been the more volatile fund at 36.0% annualized versus 20.6% for QQQ. Worst drawdown: PFIX -36.2% vs QQQ -35.1%.
Should I hold both PFIX and QQQ?
PFIX and QQQ have a monthly-return correlation of -0.53, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, PFIX or QQQ?
PFIX yields 6.75% while QQQ yields 0.44%, so PFIX currently pays the higher dividend yield.
Is QQQ better than PFIX?
QQQ has a lower expense ratio. PFIX led over 1Y, 5Y and the full window, QQQ over 3Y. The two move opposite each other, correlation -0.53, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.