RFIX vs SPY
Simplify Bond Bull ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | RFIX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $47M | $789.1B | |
| Dividend Yield | 4.31% | 1.01% | |
| Holdings | 12 | 505 | |
| YTD Return | +2.40% | +13.75% | |
| 1Y Return | -12.38% | +22.91% | |
| 3Y Return (annualized) | - | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | 20.9% | 15.3% | |
| Max Drawdown | -38.8% | -56.5% | |
| Fund Family | Simplify Exchange Traded Funds | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Dec 9, 2024 | Jan 22, 1993 |
RFIX vs SPY Performance
Simplify Bond Bull ETF (RFIX) is a ETF from Simplify Exchange Traded Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year RFIX returned -12.38% while SPY returned +22.91%. Year to date, RFIX is up 2.40% versus a gain of 13.75% for SPY.
Risk: Volatility and Drawdowns
RFIX has been the more volatile fund, with annualized monthly volatility of 20.9% compared with 15.3% for SPY. 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 -38.8% for RFIX and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.12. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RFIX charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, RFIX currently yields 4.31% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, RFIX or SPY?
RFIX has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, RFIX or SPY?
Over the past year RFIX returned -12.38% vs +22.91% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), RFIX annualized -22.44% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, RFIX or SPY?
RFIX has been the more volatile fund at 20.9% annualized versus 15.3% for SPY. Worst drawdown: RFIX -38.8% vs SPY -56.5%.
Should I hold both RFIX and SPY?
RFIX and SPY have a monthly-return correlation of -0.12, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, RFIX or SPY?
RFIX yields 4.31% while SPY yields 1.01%, so RFIX currently pays the higher dividend yield.
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