PFIX vs VYM
Simplify Interest Rate Hedge ETF vs Vanguard High Dividend Yield ETF
Which is better, PFIX or VYM?
Each has led over a different period.
VYM has a lower expense ratio. PFIX led over 1Y, 5Y and the full window, VYM over 3Y.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.50% | 0.04%Best |
| AUM | $180M | $81.6B |
| Dividend Yield | 6.75% | 2.22% |
| Holdings | 30 | 613 |
| YTD Return | +9.67% | +11.47%Best |
| 1Y Return | +18.46%Best | +15.94% |
| 3Y Return (annualized) | +10.60% | +18.03%Best |
| 5Y Return (annualized) | +24.76%Best | +12.35% |
| Volatility (annualized) | 36.0% | 13.5%Best |
| Max Drawdown | -36.2% | -15.8%Best |
| $10,000 over 5 years | $30,226Best | $17,901 |
| Fund Family | Simplify Exchange Traded Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | May 10, 2021 | Nov 10, 2006 |
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 21, 2026 (5.4 years).
PFIX vs VYM 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 VYM Performance
Simplify Interest Rate Hedge ETF (PFIX) is an ETF from Simplify Exchange Traded Funds and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year PFIX returned +18.46% while VYM returned +15.94%. Year to date, PFIX is up 9.67% versus a gain of 11.47% for VYM.
Over three years, PFIX compounded at +10.60% per year against +18.03% for VYM; over five years the annualized figures are +24.76% and +12.35% 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 13.5% for VYM. 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 -15.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.47. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PFIX charges 0.50% per year while VYM charges 0.04%. On a $10,000 position that is $50 vs $4 annually, a gap of $46 per year that compounds over a long holding period. On income, PFIX currently yields 6.75% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 1 holding in PFIX and 557 in VYM, totalling 14.5% and 99.2% 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 557 in VYM, against full books of 30 and 613.
You are not choosing between two funds in isolation.
Whichever of PFIX and VYM 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 VYM?
PFIX has an expense ratio of 0.50% while VYM charges 0.04%. VYM is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, PFIX or VYM?
Over the past year PFIX returned +18.46% vs +15.94% for VYM, 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 VYM?
PFIX has been the more volatile fund at 36.0% annualized versus 13.5% for VYM. Worst drawdown: PFIX -36.2% vs VYM -15.8%.
Should I hold both PFIX and VYM?
PFIX and VYM have a monthly-return correlation of -0.47, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PFIX or VYM?
PFIX yields 6.75% while VYM yields 2.22%, so PFIX currently pays the higher dividend yield.
Is VYM better than PFIX?
VYM has a lower expense ratio. PFIX led over 1Y, 5Y and the full window, VYM over 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.