PFIX vs IIF

Comparison between SIMPLIFY INTEREST RATE HEDGE ETF (PFIX, ETF) and Morgan Stanley India Investment Fund Inc (IIF, ETF).

5-Year PerformancePFIX has outperformed IIF, delivering a return of +16.8% compared to +8.7%

PFIX vs IIF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PFIX(ETF)	IIF(ETF)
Net Assets	$231M	$232M
Expense Ratio	0.50%	N/A
Max Drawdown	66.22%	85.15%
Sharpe Ratio	-0.45	-1.19
5Y Beta	-0.07	0.47
5Y Dividends CAGR	N/A	128.74%

Net Assets

PFIX

$231M

Winner

IIF

$232M

Expense Ratio

PFIX

0.50%

IIF

N/A

Max Drawdown

Winner

PFIX

66.22%

IIF

85.15%

Sharpe Ratio

Winner

PFIX

-0.45

IIF

-1.19

5Y Beta

Winner

PFIX

-0.07

IIF

0.47

5Y Dividends CAGR

PFIX

N/A

IIF

128.74%

PFIX vs IIF - Historical Returns

Returns include dividend reinvestment.

Period	PFIX	IIF
1 month	-9.83%	+4.19%
3 months	-0.17%	+2.38%
6 months	-6.46%	-9.69%
1 year	-16.66%	-12.79%
5 years(CAGR)	+16.78%	+8.65%
10 years(CAGR)	N/A	+8.33%
Max(CAGR)	+14.39%	+13.71%

PFIX

-9.83%

Winner

IIF

+4.19%

PFIX

-0.17%

Winner

IIF

+2.38%

Winner

PFIX

-6.46%

IIF

-9.69%

PFIX

-16.66%

Winner

IIF

-12.79%

5Y(CAGR)

Winner

PFIX

+16.78%

IIF

+8.65%

10Y(CAGR)

PFIX

N/A

IIF

+8.33%

Max(CAGR)

Winner

PFIX

+14.39%

IIF

+13.71%

PFIX vs IIF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PFIX	IIF
2026	-6.95%	-11.01%
2025	+0.57%	+5.62%
2024	+34.45%	+30.11%
2023	+12.02%	+21.08%
2022	+84.85%	-10.32%
2021	-24.95%	+30.04%
2020	N/A	+5.23%
2019	N/A	+0.04%
2018	N/A	-21.78%
2017	N/A	+50.17%
2016	N/A	+8.14%
2015	N/A	-6.26%
2014	N/A	+58.58%
2013	N/A	-7.61%
2012	N/A	+27.71%
2011	N/A	-43.26%
2010	N/A	+22.07%
2009	N/A	+68.48%
2008	N/A	-55.37%
2007	N/A	+77.20%
2006	N/A	+43.07%
2005	N/A	+31.95%
2004	N/A	+16.57%
2003	N/A	+170.13%
2002	N/A	+14.42%
2001	N/A	-11.08%
2000	N/A	-26.41%
1999	N/A	+36.82%

PFIX vs IIF Drawdown Comparison

The maximum drawdown for PFIX was -36.17%, occurring on Dec 15, 2023. Recovery took 374 trading sessions.

The maximum drawdown for IIF was -66.78%, occurring on Nov 20, 2008. Recovery took 694 trading sessions.

The current PFIX drawdown is -21.25%. The current IIF drawdown is -14.98%.

Rank	PFIX	IIF
#1	-36.17% Oct 20, 2023 - Apr 21, 2025	-66.78% Jan 2, 2008 - Oct 4, 2010
#2	-32.20% Oct 24, 2022 - Sep 21, 2023	-59.10% Jan 23, 2018 - Aug 30, 2021
#3	-28.20% May 21, 2025 - Feb 27, 2026	-54.90% Feb 8, 2000 - Aug 22, 2003
#4	-26.04% May 12, 2021 - Mar 28, 2022	-49.86% Nov 5, 2010 - Nov 18, 2014
#5	-25.57% Jun 14, 2022 - Sep 26, 2022	-36.83% May 10, 2006 - Jul 9, 2007
#6	-18.75% May 6, 2022 - Jun 14, 2022	-34.47% Jan 13, 2004 - Dec 21, 2004
#7	-10.73% Apr 22, 2025 - May 12, 2025	-28.32% Mar 5, 2015 - Feb 2, 2017
#8	-8.76% Oct 6, 2023 - Oct 19, 2023	-24.17% Jun 27, 2025 - Mar 30, 2026
#9	-6.71% Apr 11, 2022 - May 2, 2022	-23.35% Jan 12, 2022 - Dec 6, 2023
#10	-6.40% Mar 28, 2022 - Apr 7, 2022	-21.21% Sep 19, 2005 - Jan 6, 2006
#11	-4.63% Sep 27, 2022 - Sep 30, 2022	-17.77% Mar 4, 2005 - Jun 22, 2005
#12	-4.24% Sep 30, 2022 - Oct 10, 2022	-17.61% Sep 27, 2024 - Jun 11, 2025
#13	-4.03% May 2, 2022 - May 5, 2022	-15.76% Nov 4, 2003 - Dec 1, 2003
#14	-3.90% May 14, 2025 - May 21, 2025	-15.75% Jul 23, 2007 - Sep 19, 2007
#15	-1.84% Oct 3, 2023 - Oct 6, 2023	-15.56% Oct 29, 2007 - Dec 5, 2007

Correlation

Correlation between PFIX and IIF is 0.78 which considered as a strong positive correlation - the stocks tend to move together.

0.78

-101

Dividend Comparison (2000 - 2026)

PFIX vs IIF dividend yield comparison.

Year	PFIX	IIF
2026	1.10%	0.00%
2025	9.92%	7.95%
2024	3.40%	10.67%
2023	87.92%	14.61%
2022	0.63%	19.62%
2021	0.00%	3.75%
2020	0.00%	0.02%
2019	0.00%	0.14%
2018	0.00%	30.40%
2017	0.00%	15.23%
2016	0.00%	4.46%
2015	0.00%	0.16%
2011	0.00%	8.41%
2010	0.00%	9.64%
2008	0.00%	152.11%
2007	0.00%	52.30%
2006	0.00%	10.43%
2005	0.00%	10.39%
2004	0.00%	0.30%
2003	0.00%	0.75%
2002	0.00%	0.13%
2001	0.00%	12.29%
2000	0.00%	14.49%