FDV vs PFIX
Federated Hermes US Strategic Dividend ETF vs Simplify Interest Rate Hedge ETF
Which is better, FDV or PFIX?
Opposite sides of the same exposure.
FDV led over 3Y, PFIX over 1Y and the full window. The two move opposite each other, correlation -0.62, so holding both offsets the exposure while paying both fees.
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 | FDV | PFIX |
|---|---|---|
| Expense Ratio | 0.50%Tie | 0.50%Tie |
| AUM | $934M | $226M |
| Dividend Yield | 3.04% | 5.54% |
| Holdings | 103 | 30 |
| YTD Return | +16.79% | +25.43%Best |
| 1Y Return | +18.07% | +40.67%Best |
| 3Y Return (annualized) | +17.24%Best | +8.81% |
| 5Y Return (annualized) | - | +27.26% |
| Volatility (annualized) | 12.5%Best | 37.3% |
| Max Drawdown | -16.7%Best | -36.2% |
| $10,000 over 3.9 years | $14,813 | $19,928Best |
| Fund Family | Federated Hermes Funds | Simplify Exchange Traded Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 15, 2022 | May 10, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Nov 16, 2022 to Oct 14, 2026 (3.9 years).
FDV 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 3.9 years both funds cover.
FDV vs PFIX Performance
Federated Hermes US Strategic Dividend ETF (FDV) is an ETF from Federated Hermes Funds and Simplify Interest Rate Hedge ETF (PFIX) is an ETF from Simplify Exchange Traded Funds. Over the past year FDV returned +18.07% while PFIX returned +40.67%. Year to date, FDV is up 16.79% versus a gain of 25.43% for PFIX.
Over three years, FDV compounded at +17.24% per year against +8.81% for PFIX. Across the full 4-year window we track, PFIX has the edge at +19.34% annualized vs +10.60%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PFIX has been the more volatile fund, with annualized monthly volatility of 37.3% compared with 12.5% for FDV. 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 -16.7% for FDV 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 -0.62. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
FDV charges 0.50% per year while PFIX charges 0.50%. On a $10,000 position that is $50 vs $50 annually. On income, FDV currently yields 3.04% against 5.54% for PFIX.
Holdings Overlap
We hold position weights for 53 holdings in FDV and 1 in PFIX, totalling 100.0% 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 53 positions we hold weights for in FDV and 1 in PFIX, against full books of 103 and 30.
You are not choosing between two funds in isolation.
Whichever of FDV 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, FDV or PFIX?
FDV has an expense ratio of 0.50% while PFIX charges 0.50%. At the precision these are quoted to, they cost the same.
Which performed better, FDV or PFIX?
Over the past year FDV returned +18.07% vs +40.67% for PFIX, so PFIX leads on 1-year performance. Over the longest common window we track (4 years), FDV annualized +10.60% vs +19.34% for PFIX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FDV or PFIX?
PFIX has been the more volatile fund at 37.3% annualized versus 12.5% for FDV. Worst drawdown: FDV -16.7% vs PFIX -36.2%.
Should I hold both FDV and PFIX?
FDV and PFIX have a monthly-return correlation of -0.62, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, FDV or PFIX?
FDV yields 3.04% while PFIX yields 5.54%, so PFIX currently pays the higher dividend yield.
Is PFIX better than FDV?
FDV led over 3Y, PFIX over 1Y and the full window. The two move opposite each other, correlation -0.62, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.