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IVOL vs RFIX

Quadratic Interest Rate Volatility and Inflation Hedge ETF

IVOLDNYSE Arca

Simplify Bond Bull ETF

RFIXBNYSE Arca

Overlap

No data

Expense ratio

RFIX −0.48pt a year

IVOL0.98%RFIX0.50%

Avg volume · 30D

RFIX 2.5×the volume

IVOL167KRFIX413K

IVOL vs RFIX Performance

Oct 31, 2025 – Oct 30, 2026

−8.0%IVOL−8.1%RFIX

Oct 31, 2025 to Oct 30, 2026. IVOL −8.0%. RFIX −8.1%. Use the arrow keys to read each point.−15%−5%0%5%Oct 2025Apr 2026Oct 2026
Expense ratio
IVOL 0.98%
RFIX 0.50%, better
Fund size
IVOL $217M
RFIX $41M
1Y total return
IVOL −8.0%, better
RFIX −8.1%
Yield (12M)
IVOL 3.82%
RFIX 4.69%, better
Holdings
IVOL 11
RFIX 6
Avg volume (30D)
IVOL 167K sh
RFIX 413K sh, better
NAV per share
IVOL $17.12
RFIX $36.89
52W range

ETF.net Grade

IVOL: Cost 3, Risk 40, Mission not scored, Tradability 43, Holdings 48, Durability 73. RFIX: Cost 90, Risk 37, Mission not scored, Tradability 50, Holdings 33, Durability 33.
Pillar letters and Scores for IVOL, RFIX, with each pillar’s weight
PillarIVOLRFIX
Cost30% weightF3A90Higher
Mission25% weightNot scoredNot scored
Risk15% weightC40HigherD37
Tradability15% weightC43C50Higher
Holdings10% weightC48HigherD33
Durability5% weightA73HigherD33

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. IVOL and RFIX 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 ›

RFIX ranks 4th and IVOL 10th 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 9DVIXMProShares VIX Mid-Term Futures ETFScore 31
  7. Rank 10DIVOLQuadratic Interest Rate Volatility and Inflation Hedge ETFScore 25

Our read on each fund

ETF.net Research

IVOLDQuadratic Interest Rate Volatility and Inflation Hedge ETF

RFIXBSimplify Bond Bull ETF

In short

IVOL The original curve-shape ETF. A core of inflation-protected Treasuries wrapped in long options on the 2-year/10-year rate curve, so it responds to inflation expectations and rate volatility, not just bond prices.

RFIX No data

Stated mandate

IVOL The fund seeks to hedge fixed-income volatility, inflation expectations, and yield-curve steepening through inflation-protected U.S. Treasury securities and long OTC interest-rate options.

RFIX No data

Why people hold it

  • IVOL Unusual plumbing: at least 80% sits in inflation-protected Treasuries or cash, with the rest in fully funded, long-only OTC options on the 2s10s curve.kraneshares.comkraneshares.com 2
  • The option sleeve is fully funded and long-only, so the curve exposure is not built on borrowed money.kraneshares.com
  • Actively managed since its May 2019 launch, it pays monthly from the TIPS core while the options do the hedging work.kraneshares.com

RFIX No data

Worth knowing

  • IVOL 0.98% net of a waiver through August 1, 2028 (1.02% gross) runs above the category median and above rate-hedge peers like PFIX at 0.50% and CAOS at 0.63%.
  • Long options are a long-volatility stance: when the curve sits still, the premiums paid can decay and weigh on results. The sleeve can lose what was paid for it.kraneshares.com
  • Non-diversified by design and only moderately traded, so spreads and the OTC option positions deserve a look before you size it.yahoo.com

RFIX No data

Full IVOL profile⁠

Full RFIX profile⁠

IVOL vs RFIX 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.

IVOL vs RFIX Cost

Overpaying IVOL vs RFIX

$8,383

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

  • IVOL 0.98%

    $18,362

  • RFIX 0.50%

    $9,979

$10,000
30 years

Cost over time

  • IVOL 0.98%
  • RFIX 0.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530IVOL $18,362RFIX $9,979

Year by year

YearIVOLRFIXOverpaying
10$1,729$900$829
20$6,504$3,460$3,044
30$18,362$9,979$8,383

Expense ratio

  • 0.98%IVOL
  • 0.50%RFIX, cheaper
  • Middle half of Portfolio Hedging funds
  • Median 0.63%

RFIX cheapest of 10 funds

IVOL 10th cheapest of 10 funds

IVOL vs RFIX Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
IVOL 3.82%
RFIX 4.69%, better
Payout (12M)
IVOL $0.65
RFIX $1.73
Last payment
IVOL $0.05
RFIX $0.20
Ex-dividend
IVOL Oct 29, 2026
RFIX Oct 27, 2026
Paid on
IVOL Oct 30, 2026
RFIX Oct 30, 2026
Frequency
IVOL Monthly
RFIX Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

IVOLMonthly · 46 paymentsAll IVOL payments⁠
One bar per payment. 46 payments from 2023 to 2026 YTD. Jan 27, 2023 $0.07; Feb 24, 2023 $0.06; Mar 29, 2023 $0.07; Apr 26, 2023 $0.07; May 26, 2023 $0.07; Jun 28, 2023 $0.06; Jul 27, 2023 $0.06; Aug 29, 2023 $0.06; Sep 27, 2023 $0.06; Oct 27, 2023 $0.06; Nov 28, 2023 $0.06; Dec 27, 2023 $0.06; Jan 29, 2024 $0.06; Feb 27, 2024 $0.06; Mar 26, 2024 $0.06; Apr 26, 2024 $0.06; May 30, 2024 $0.06; Jun 27, 2024 $0.06; Jul 30, 2024 $0.06; Aug 29, 2024 $0.06; Sep 27, 2024 $0.06; Oct 30, 2024 $0.06; Nov 27, 2024 $0.05; Dec 30, 2024 $0.05; Jan 30, 2025 $0.05; Feb 27, 2025 $0.05; Mar 28, 2025 $0.06; Apr 29, 2025 $0.06; May 29, 2025 $0.06; Jun 27, 2025 $0.06; Jul 30, 2025 $0.06; Aug 28, 2025 $0.06; Sep 29, 2025 $0.06; Oct 30, 2025 $0.06; Nov 26, 2025 $0.06; Dec 30, 2025 $0.06; Jan 29, 2026 $0.06; Feb 26, 2026 $0.06; Mar 30, 2026 $0.06; Apr 29, 2026 $0.06; May 28, 2026 $0.05; Jun 29, 2026 $0.05; Jul 30, 2026 $0.05; Aug 28, 2026 $0.05; Sep 29, 2026 $0.05; Oct 29, 2026 $0.05. Use the arrow keys to read each point.$0$0.5020232026YTD
RFIXMonthly · 21 paymentsAll RFIX payments⁠
One bar per payment. 21 payments from 2023 to 2026 YTD. Feb 25, 2025 $0.10; Mar 26, 2025 $0.15; Apr 25, 2025 $0.15; May 27, 2025 $0.15; Jun 25, 2025 $0.16; Jul 28, 2025 $0.20; Aug 26, 2025 $0.20; Sep 25, 2025 $0.10; Oct 28, 2025 $0.10; Nov 21, 2025 $0.10; Dec 23, 2025 $0.43; 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 $0.15; Sep 25, 2026 $0.15; Oct 27, 2026 $0.20. Use the arrow keys to read each point.$0$0.5020232026YTD

IVOL vs RFIX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
IVOL 8.6%RFIX 21.0%since Jan 2025
Return per unit of riskSharpe ratio, 3 years
IVOL −0.85RFIX −0.83since Jan 2025
Worst fallMax drawdown, 5 years
IVOL −30.7%RFIX −38.9%since Dec 2024
Market sensitivityBeta, 5 years
IVOL 0.53RFIX −0.20

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