ABEQ vs PFIX
Absolute Select Value ETF vs Simplify Interest Rate Hedge ETF
Which is better, ABEQ or PFIX?
Each has led over a different period.
PFIX has a lower expense ratio. ABEQ led over 3Y, PFIX over 1Y, 5Y and the full window.
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 | ABEQ | PFIX |
|---|---|---|
| Expense Ratio | 0.85% | 0.50%Best |
| AUM | $142M | $226M |
| Dividend Yield | 1.22% | 5.54% |
| Holdings | 46 | 30 |
| YTD Return | +7.41% | +25.43%Best |
| 1Y Return | +9.12% | +40.67%Best |
| 3Y Return (annualized) | +13.34%Best | +8.81% |
| 5Y Return (annualized) | +8.37% | +27.26%Best |
| Volatility (annualized) | 11.8%Best | 36.9% |
| Max Drawdown | -17.3%Best | -36.2% |
| $10,000 over 5 years | $14,947 | $33,378Best |
| Fund Family | Absolute Funds | Simplify Exchange Traded Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jan 21, 2020 | May 10, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 11, 2021 to Oct 14, 2026 (5.4 years).
ABEQ vs PFIX 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.
ABEQ vs PFIX Performance
Absolute Select Value ETF (ABEQ) is an ETF from Absolute Funds and Simplify Interest Rate Hedge ETF (PFIX) is an ETF from Simplify Exchange Traded Funds. Over the past year ABEQ returned +9.12% while PFIX returned +40.67%. Year to date, ABEQ is up 7.41% versus a gain of 25.43% for PFIX.
Over three years, ABEQ compounded at +13.34% per year against +8.81% for PFIX; over five years the annualized figures are +8.37% and +27.26% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PFIX has been the more volatile fund, with annualized monthly volatility of 36.9% compared with 11.8% for ABEQ. 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 -17.3% for ABEQ and -36.2% for PFIX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.44. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ABEQ charges 0.85% per year while PFIX charges 0.50%. On a $10,000 position that is $85 vs $50 annually, a gap of $35 per year that compounds over a long holding period. On income, ABEQ currently yields 1.22% against 5.54% for PFIX.
Holdings Overlap
We hold position weights for 20 holdings in ABEQ and 1 in PFIX, totalling 83.1% and 14.2% 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 20 positions we hold weights for in ABEQ and 1 in PFIX, against full books of 46 and 30.
You are not choosing between two funds in isolation.
Whichever of ABEQ and PFIX 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, ABEQ or PFIX?
ABEQ has an expense ratio of 0.85% while PFIX charges 0.50%. PFIX is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, ABEQ or PFIX?
Over the past year ABEQ returned +9.12% vs +40.67% for PFIX, so PFIX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ABEQ or PFIX?
PFIX has been the more volatile fund at 36.9% annualized versus 11.8% for ABEQ. Worst drawdown: ABEQ -17.3% vs PFIX -36.2%.
Should I hold both ABEQ and PFIX?
ABEQ and PFIX have a monthly-return correlation of -0.44, 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, ABEQ or PFIX?
ABEQ yields 1.22% while PFIX yields 5.54%, so PFIX currently pays the higher dividend yield.
Is PFIX better than ABEQ?
PFIX has a lower expense ratio. ABEQ led over 3Y, PFIX over 1Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.