PFIX vs IALT
Comparison between SIMPLIFY INTEREST RATE HEDGE ETF (PFIX, ETF) and iShares Systematic Alternatives Active ETF (IALT, ETF).
PFIX vs IALT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PFIX
$210M
Winner
IALT
$210M
Expense Ratio
Winner
PFIX
0.50%
IALT
0.99%
Max Drawdown
PFIX
66.22%
Winner
IALT
1.47%
Sharpe Ratio
PFIX
-0.41
Winner
IALT
2.82
5Y Beta
Winner
PFIX
-0.06
IALT
0.27
PFIX vs IALT - Holdings Comparison
PFIX and IALT have 1 common holdings. Overlap is -12.66%
PFIX's top 25 holdings weight is 44.79%. IALT's top 25 holdings weight is 156.45%.
| Rank | PFIX | IALT |
|---|---|---|
| #1 | SIMPLIFY GOVERNMENT MONEY MARKET ETF (SBIL) - 28.45% | CASH OFFSET (n/a) - 21.13% |
| #2 | SWAPTION 05/10/2030 P4.50/SOFR MSX (n/a) - 7.12% | CNY/USD PURCHASED (n/a) - 13.10% |
| #3 | SWAPTION 06/16/2032 P4.80/SOFR GSX (n/a) - 2.95% | BRL/USD PURCHASED (n/a) - 13.09% |
| #4 | SWAPTION 06/16/2032 P4.75/SOFR JPM (n/a) - 1.14% | EUR/USD PURCHASED (n/a) - 12.45% |
| #5 | SWAPTION 05/02/2030 P4.50/SOFR GSX (n/a) - 1.08% | CAD/USD PURCHASED (n/a) - 11.50% |
| #6 | SWAPTION 05/01/2030 P4.50/SOFR GSX (n/a) - 1.04% | AUD/USD PURCHASED (n/a) - 9.64% |
| #7 | SWAPTION 06/16/2032 P5.00/SOFR MSX (n/a) - 0.70% | INR/USD PURCHASED (n/a) - 8.48% |
| #8 | SWAPTION 05/10/2030 P4.50/SOFR GSX (n/a) - 0.66% | CHF/EUR PURCHASED (n/a) - 8.42% |
| #9 | SWAPTION 06/16/2032 P5.00/SOFR GSX (n/a) - 0.65% | ZAR/USD PURCHASED (n/a) - 7.64% |
| #10 | SWAPTION 05/01/2030 P4.50/SOFR MSX (n/a) - 0.65% | GBP/USD PURCHASED (n/a) - 7.16% |
| #11 | SWAPTION 06/16/2032 P5.00/SOFR CIT (n/a) - 0.57% | NZD/USD PURCHASED (n/a) - 6.76% |
| #12 | SWAPTION 05/02/2030 P4.50/SOFR MSX (n/a) - 0.41% | JPY/USD PURCHASED (n/a) - 6.03% |
| #13 | SWAPTION 06/16/2032 P5.00/SOFR BOA (n/a) - 0.29% | NOK/EUR PURCHASED (n/a) - 5.95% |
| #14 | SWAPTION 05/01/2030 P4.50/SOFR CIT (n/a) - 0.25% | SEK/EUR PURCHASED (n/a) - 5.48% |
| #15 | SWAPTION 06/16/2032 P5.00/SOFR JPM (n/a) - 0.17% | MXN/USD PURCHASED (n/a) - 5.39% |
| #16 | SWAPTION 06/16/2032 P4.80/SOFR CIT (n/a) - 0.13% | KRW/USD PURCHASED (n/a) - 3.64% |
| #17 | CASH (n/a) - 0.05% | SGD/USD PURCHASED (n/a) - 1.71% |
| #18 | IRS P 2.11 05/15/2028 05/15/2048 (n/a) - 0.00% | CHF CASH (n/a) - 1.64% |
| #19 | IRS R SOFR 05/15/2028 05/15/2048 (n/a) - 0.00% | SEK CASH (n/a) - 1.61% |
| #20 | SWAPTION 06/16/2032 P4.75/SOFR MSX (n/a) - -0.05% | ICE: (CDX.NA.IG.46.V1) (n/a) - 1.26% |
| #21 | SWAPTION 06/16/2032 P4.50/SOFR GSX (n/a) - -0.14% | DKK CASH (n/a) - 1.17% |
| #22 | SWAPTION 06/16/2032 P4.50/SOFR BRC (n/a) - -0.16% | ICE: (ITRAXX.XO.45.V1) (n/a) - 0.96% |
| #23 | SWAPTION 06/16/2032 P4.50/SOFR JPM (n/a) - -0.32% | 3M CO (MMM) - 0.78% |
| #24 | SWAPTION 05/01/2030 P4.50/SOFR JPM (n/a) - -0.85% | SGD CASH (n/a) - 0.74% |
| #25 | N/A | INTESA SANPAOLO (n/a) - 0.72% |
| Total Holdings | 24 | 1757 |
PFIX vs IALT - Historical Returns
Returns include dividend reinvestment.
1M
PFIX
-3.46%
Winner
IALT
+0.86%
3M
Winner
PFIX
+9.74%
IALT
+6.71%
6M
PFIX
-0.53%
Winner
IALT
+12.66%
1Y
PFIX
-11.73%
IALT
N/A
5Y(CAGR)
PFIX
+17.09%
IALT
N/A
Max(CAGR)
PFIX
+15.18%
Winner
IALT
+27.88%
PFIX vs IALT - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | PFIX | IALT |
|---|---|---|
| 2026 | -4.01% | +11.53% |
| 2025 | +0.57% | +0.73% |
| 2024 | +34.45% | N/A |
| 2023 | +12.02% | N/A |
| 2022 | +84.85% | N/A |
| 2021 | -24.95% | N/A |
PFIX vs IALT Drawdown Comparison
The maximum drawdown for PFIX was -36.17%, occurring on Dec 15, 2023. Recovery took 374 trading sessions.
The maximum drawdown for IALT was -1.47%, occurring on Apr 14, 2026. Recovery took 10 trading sessions.
The current PFIX drawdown is -18.76%. The current IALT drawdown is -1.22%.
| Rank | PFIX | IALT |
|---|---|---|
| #1 | -36.17% Oct 20, 2023 - Apr 21, 2025 | -1.47% Apr 10, 2026 - Apr 24, 2026 |
| #2 | -32.20% Oct 24, 2022 - Sep 21, 2023 | -1.28% Feb 3, 2026 - Feb 6, 2026 |
| #3 | -28.20% May 21, 2025 - Feb 27, 2026 | -1.22% Jun 2, 2026 - Jun 5, 2026 |
| #4 | -26.04% May 12, 2021 - Mar 28, 2022 | -1.12% Mar 10, 2026 - Mar 17, 2026 |
| #5 | -25.57% Jun 14, 2022 - Sep 26, 2022 | -0.81% Jan 14, 2026 - Jan 27, 2026 |
| #6 | -18.75% May 6, 2022 - Jun 14, 2022 | -0.79% May 18, 2026 - Jun 1, 2026 |
| #7 | -10.73% Apr 22, 2025 - May 12, 2025 | -0.76% Feb 10, 2026 - Feb 20, 2026 |
| #8 | -8.76% Oct 6, 2023 - Oct 19, 2023 | -0.74% Jan 29, 2026 - Feb 3, 2026 |
| #9 | -6.71% Apr 11, 2022 - May 2, 2022 | -0.61% Mar 2, 2026 - Mar 4, 2026 |
| #10 | -6.40% Mar 28, 2022 - Apr 7, 2022 | -0.61% May 13, 2026 - May 18, 2026 |
| #11 | -4.63% Sep 27, 2022 - Sep 30, 2022 | -0.60% Mar 25, 2026 - Mar 31, 2026 |
| #12 | -4.24% Sep 30, 2022 - Oct 10, 2022 | -0.57% Apr 27, 2026 - Apr 30, 2026 |
| #13 | -4.03% May 2, 2022 - May 5, 2022 | -0.54% Dec 10, 2025 - Dec 19, 2025 |
| #14 | -3.90% May 14, 2025 - May 21, 2025 | -0.46% May 1, 2026 - May 11, 2026 |
| #15 | -1.84% Oct 3, 2023 - Oct 6, 2023 | -0.45% Dec 24, 2025 - Jan 5, 2026 |
Correlation
Correlation between PFIX and IALT is 0.16 which considered as a very weak or no correlation - the stocks move independently of each other.
0.16
-101
Dividend Comparison (2021 - 2026)
PFIX vs IALT dividend yield comparison.
| Year | PFIX | IALT |
|---|---|---|
| 2026 | 1.07% | 0.00% |
| 2025 | 9.92% | 0.14% |
| 2024 | 3.40% | 0.00% |
| 2023 | 87.92% | 0.00% |
| 2022 | 0.63% | 0.00% |
| 2021 | 0.00% | 0.00% |
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