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ATTR vs PFIX

Arin Tactical Tail Risk ETF

ATTRBCboe

Simplify Interest Rate Hedge ETF

PFIXBNYSE Arca

Overlap

0.0%by weight

Expense ratio

PFIX −0.10pt a year

ATTR0.63%PFIX0.53%

Avg volume · 30D

PFIX 102.7×the volume

ATTR3.58KPFIX368K

ATTR vs PFIX Performance

Oct 31, 2025 – Oct 30, 2026

+7.0%ATTR+32.4%PFIX

Oct 31, 2025 to Oct 30, 2026. ATTR +7.0%. PFIX +32.4%. Use the arrow keys to read each point.0%20%40%50%60%Oct 2025Apr 2026Oct 2026
Expense ratio
ATTR 0.63%
PFIX 0.53%, better
Fund size
ATTR $116M
PFIX $255M
1Y total return
ATTR +7.0%
PFIX +32.4%, better
Yield (12M)
ATTR No data
PFIX 6.64%
Holdings
ATTR 14
PFIX 20
Avg volume (30D)
ATTR 3.58K sh
PFIX 368K sh, better
NAV per share
ATTR $96.34
PFIX $56.77
52W range

ETF.net Grade

ATTR: Cost 54, Risk 87, Mission not scored, Tradability 51, Holdings not scored, Durability 32. PFIX: Cost 78, Risk 44, Mission not scored, Tradability 58, Holdings 77, Durability 76.
Pillar letters and Scores for ATTR, PFIX, with each pillar’s weight
PillarATTRPFIX
Cost30% weightC54A78Higher
Mission25% weightNot scoredNot scored
Risk15% weightA87HigherC44
Tradability15% weightC51B58Higher
Holdings10% weightNot scoredA77
Durability5% weightD32A76Higher

Rank among Portfolio Hedging funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ATTR and PFIX are both graded against the same 10 Portfolio Hedging funds, so their Grades compare head to head.

Portfolio Hedging⁠

Category · 10 funds
See all 10 ›

PFIX ranks 3rd and ATTR 5th of 10 funds in the Portfolio Hedging Category.

  1. Rank 1BSPDSimplify US Equity PLUS Downside Convexity ETFScore 67
  2. Rank 2BCAOSAlpha Architect Tail Risk ETFScore 66
  3. Rank 3BPFIXSimplify Interest Rate Hedge ETFScore 65
  4. Rank 4BRFIXSimplify Bond Bull ETFScore 63
  5. Rank 5BATTRArin Tactical Tail Risk ETFScore 59
  6. Rank 6BTAILCambria Tail Risk ETFScore 56

Our read on each fund

ETF.net Research

ATTRBArin Tactical Tail Risk ETF

PFIXBSimplify Interest Rate Hedge ETF

In short

ATTR No data

PFIX A rate hedge built from an institutional tool. PFIX holds a long-dated OTC payer swaption on the 20-year rate, designed to behave much like owning puts on long Treasury bonds, and it launched in 2021 as the first ETF to package that trade.

Stated mandate

ATTR No data

PFIX The fund is designed to hedge against rising long-term interest rates and potentially benefit when fixed-income volatility and market stress increase.

Why people hold it

ATTR No data

  • PFIX Direct, convex exposure to a jump in long-term rates: the payer swaption is structured to gain value as long-dated rates rise, similar to long-dated puts on 20-year Treasuries.simplify.us
  • 0.50% expense ratio undercuts the 0.63% median in its hedging cohort and peers like CAOS (0.63%) and TAIL (0.59%), one of the stronger builds in that group.
  • The swaption is a strategic holding, reset only after long stretches or extreme rate moves, not rolled every month.simplify.us
  • Collateral sits in Treasuries and TIPS, and the fund distributes monthly inside a standard 1940 Act ETF wrapper.simplify.us

Worth knowing

ATTR No data

  • PFIX It is engineered to move against long bonds, so the same mechanics that pay off when long rates spike work in reverse when rates fall.simplify.us
  • Swaptions are options: value can erode with time and with calmer rate volatility, so carrying the hedge through quiet markets has a cost.simplify.us
  • A concentrated OTC derivative position brings counterparty exposure and sharp NAV swings, and the fund is only moderately traded.simplify.us

Full ATTR profile⁠

Full PFIX profile⁠

ATTR vs PFIX Holdings

How ATTR and PFIX differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of ATTR and 0.0% of PFIX.

Level by level

  • Asset classEquity, Fixed Income0.0%
  • Holdings0 in both0.0%
  • Countryby domicile99.5%

Sector

No Sector split for PFIX.

Country, concentration and asset class

Country by domicile

Country weights in ATTR and PFIX, widest gap first
CountryMore in ATTRMore in PFIX
United StatesPFIX +0.5 points
SwitzerlandATTR +0.3 points
ChinaATTR +0.1 points
MexicoATTR +0.1 points
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • ATTR122.0%
  • PFIX105.8%

Securities held

  • ATTR14
  • PFIX19

Asset class

ATTR
Equity
PFIX
Fixed Income

Holdings

  • Only in ATTR14
  • In both0
  • Only in PFIX19

Only in ATTR

14 securities, 100% of ATTR by weight

  • Spy 12/18/2026 10010.01 P58.42%
  • Alpha Architect Tail Risk Etf30.42%
  • Spx Us 12/18/26 P1340025.17%

Only in PFIX

19 securities, 100% of PFIX by weight

  • Simplify E Govt Money Mkt Etf30.92%
  • B 3/11/27 Govt22.93%
  • B 12/31/26 Govt14.12%

Weight gaps

ATTR and PFIX share no securities.

All ATTR holdings⁠All 13 PFIX holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ATTR vs PFIX Cost

Overpaying ATTR vs PFIX

$1,823

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ATTR 0.63%

    $12,359

  • PFIX 0.53%

    $10,536

$10,000
30 years

Cost over time

  • ATTR 0.63%
  • PFIX 0.53%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530ATTR $12,359PFIX $10,536

Year by year

YearATTRPFIXOverpaying
10$1,128$953$175
20$4,311$3,658$653
30$12,359$10,536$1,823

Expense ratio

  • 0.63%ATTR
  • 0.53%PFIX, cheaper
  • Middle half of Portfolio Hedging funds
  • Median 0.63%

PFIX 2nd cheapest of 10 funds

ATTR 5th cheapest of 10 funds

ATTR vs PFIX Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ATTR No data
PFIX 6.64%
Payout (12M)
ATTR None
PFIX $3.71
Last payment
ATTR No data
PFIX $0.10
Ex-dividend
ATTR No data
PFIX Oct 27, 2026
Paid on
ATTR No data
PFIX Oct 30, 2026
Frequency
ATTR No data
PFIX Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

ATTRAll ATTR payments⁠

No distribution history available.

PFIXMonthly · 44 paymentsAll PFIX payments⁠
One bar per payment. 44 payments from 2023 to 2026 YTD. Jan 26, 2023 $0.10; Apr 25, 2023 $0.10; May 25, 2023 $0.10; Jun 27, 2023 $0.10; Jul 26, 2023 $0.10; Aug 28, 2023 $0.10; Sep 27, 2023 $0.10; Oct 26, 2023 $0.10; Nov 27, 2023 $0.10; Dec 26, 2023 $34.27; Jan 26, 2024 $0.07; Feb 26, 2024 $0.10; Mar 25, 2024 $0.10; Apr 25, 2024 $0.12; May 24, 2024 $0.14; Jun 25, 2024 $0.16; Jul 26, 2024 $0.18; Aug 27, 2024 $0.20; Sep 25, 2024 $0.20; Oct 28, 2024 $0.18; Nov 25, 2024 $0.18; Dec 23, 2024 $0.15; Jan 28, 2025 $0.10; Feb 25, 2025 $0.10; Mar 26, 2025 $0.15; Apr 25, 2025 $0.15; May 27, 2025 $0.15; Jun 25, 2025 $0.12; Jul 28, 2025 $0.60; Aug 26, 2025 $0.60; Sep 25, 2025 $0.10; Oct 28, 2025 $0.10; Nov 21, 2025 $0.10; Dec 23, 2025 $2.61; Jan 27, 2026 $0.10; Feb 24, 2026 $0.10; Mar 26, 2026 $0.10; Apr 27, 2026 $0.10; May 26, 2026 $0.10; Jun 25, 2026 $0.10; Jul 28, 2026 $0.10; Aug 26, 2026 $0.10; Sep 25, 2026 $0.10; Oct 27, 2026 $0.10. Use the arrow keys to read each point.$0$2520232026YTD

ATTR vs PFIX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ATTR 3.0%since Nov 2025PFIX 37.4%
Return per unit of riskSharpe ratio, 3 years
ATTR 1.02since Nov 2025PFIX 0.17
Worst fallMax drawdown, 5 years
ATTR −1.8%since Oct 2025PFIX −36.2%
Market sensitivityBeta, 5 years
ATTR 0.21PFIX −5.85

ATTR and PFIX in the news

All news⁠

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