---
ticker: "PFIX"
name: "Simplify Interest Rate Hedge ETF"
url: "https://etf.net/etf/PFIX"
grade: "B"
score: 68
graded_at: "2026-10-12"
category: "Portfolio Hedging"
category_rank: "1 of 13"
methodology: "https://etf.net/methodology"
---

# PFIX: Simplify Interest Rate Hedge ETF

Grade **B**, Score 68 of 100. Rank 1 of 13 in Portfolio Hedging.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 86 | 2 of 13 |
| Mission | Not scored | — |
| Risk | 44 | 8 of 13 |
| Tradability | 56 | 5 of 13 |
| Holdings | 64 | 1 of 6 |
| Durability | 73 | 4 of 13 |

## Top holdings

The fund holds 21 positions. These are the largest 21, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Swaption 05/10/2030 P4.50/SOFR Msx | 22.56% |
| 2 | — | B 12/31/26 Govt | 20.05% |
| 3 | SBIL | Simplify E Govt Money Mkt Etf | 19.32% |
| 4 | — | B 12/3/26 Govt | 16.31% |
| 5 | — | B 1/28/27 Govt | 10.32% |
| 6 | — | Swaption 06/16/2032 P5.00/SOFR Gsx | 7.74% |
| 7 | — | Swaption 05/10/2030 P4.50/SOFR Gsx | 5.40% |
| 8 | — | B 3/11/27 Govt | 4.06% |
| 9 | — | Swaption 06/16/2032 P5.00/SOFR Msx | 3.23% |
| 10 | — | Swaption 06/16/2032 P4.75/SOFR Jpm | 3.20% |
| 11 | — | Swaption 06/16/2032 P5.00/SOFR Jpm | 2.12% |
| 12 | — | Swaption 06/16/2032 P5.00/SOFR Boa | 1.96% |
| 13 | — | Swaption 06/16/2032 P5.00/SOFR Cit | 1.85% |
| 14 | — | Swaption 06/16/2032 P4.50/SOFR Gsx | 1.55% |
| 15 | — | Swaption 06/16/2032 P4.50/SOFR Jpm | 1.45% |
| 16 | — | Swaption 06/16/2032 P4.80/SOFR Gsx | 1.30% |
| 17 | — | Swaption 06/16/2032 P4.50/SOFR Brc | 0.69% |
| 18 | — | Swaption 12/21/2033 P5.50/SOFR Boa | 0.23% |
| 19 | — | Swaption 06/16/2032 P4.80/SOFR Cit | 0.21% |
| 20 | — | Cash | 0.14% |
| 21 | — | Irs P 2.11 05/15/2028 05/15/2048 | <0.01% |

Source: etf.net, https://etf.net/etf/PFIX. Please cite the page URL.