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RFIX vs VIXM

Simplify Bond Bull ETF

RFIXBNYSE Arca

ProShares VIX Mid-Term Futures ETF

VIXMDCboe

Overlap

0.0%by weight

Expense ratio

RFIX −0.35pt a year

RFIX0.50%VIXM0.85%

Avg volume · 30D

VIXM 1.1×the volume

RFIX410KVIXM458K

RFIX vs VIXM Performance

Nov 3, 2025 – Nov 3, 2026

−5.8%RFIX−19.5%VIXM

Nov 3, 2025 to Nov 3, 2026. RFIX −5.8%. VIXM −19.5%. Use the arrow keys to read each point.−15%−10%0%5%Nov 2025May 2026Nov 2026
Expense ratio
RFIX 0.50%, better
VIXM 0.85%
Fund size
RFIX $42M
VIXM $45M
1Y total return
RFIX −5.8%, better
VIXM −19.5%
Yield (12M)
RFIX 4.71%
VIXM No data
Holdings
RFIX 6
VIXM 1
Avg volume (30D)
RFIX 410K sh
VIXM 458K sh, better
NAV per share
RFIX $37.05
VIXM $13.25
52W range

ETF.net Grade

RFIX: Cost 90, Risk 37, Mission not scored, Tradability 50, Holdings 33, Durability 33. VIXM: Cost 15, Risk 25, Mission not scored, Tradability 61, Holdings not scored, Durability 65.
Pillar letters and Scores for RFIX, VIXM, with each pillar’s weight
PillarRFIXVIXM
Cost30% weightA90HigherF15
Mission25% weightNot scoredNot scored
Risk15% weightD37HigherD25
Tradability15% weightC50B61Higher
Holdings10% weightD33Not scored
Durability5% weightD33B65Higher

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. RFIX and VIXM 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 VIXM 9th of 10 funds in the Portfolio Hedging Category.

  1. Rank 1BCAOSAlpha Architect Tail Risk ETFScore 66
  2. Rank 1BSPDSimplify US Equity PLUS Downside Convexity ETFScore 66
  3. Rank 3BPFIXSimplify Interest Rate Hedge ETFScore 65
  4. Rank 4BRFIXSimplify Bond Bull ETFScore 64
  5. Rank 5BATTRArin Tactical Tail Risk ETFScore 59
  6. Rank 8DVIXYProShares VIX Short-Term Futures ETFScore 33
  7. Rank 9DVIXMProShares VIX Mid-Term Futures ETFScore 31
  8. Rank 10DIVOLQuadratic Interest Rate Volatility and Inflation Hedge ETFScore 25

Our read on each fund

ETF.net Research

RFIXBSimplify Bond Bull ETF

VIXMDProShares VIX Mid-Term Futures ETF

In short

RFIX No data

VIXM Most VIX funds crowd the front month. VIXM sits in the middle of the curve, rolling fourth-month futures out to seventh for a five-month average maturity. A longer-dated way to own expected S&P 500 volatility, trading since 2011.

Stated mandate

RFIX No data

VIXM VIXM seeks to track the performance of the S&P 500 VIX Mid-Term Futures Index before fees and expenses.

Why people hold it

RFIX No data

  • VIXM Mid-curve by design: the index rolls fourth-month VIX futures into seventh while holding fifth and sixth, keeping a weighted average of five months to expiration.proshares.com
  • Trading since 2011, one of the longer-running volatility funds, and it delivers VIX futures exposure through a single ticker in an ordinary brokerage account.proshares.com
  • ProShares points to the mid-term VIX futures index historically moving opposite S&P 500 returns, which is the reason investors park it beside equity risk.proshares.com

Worth knowing

RFIX No data

  • VIXM At 0.85% a year, it runs above what several hedging peers charge, including PFIX (0.50%) and TAIL (0.59%).
  • ProShares notes the VIX has tended to revert to a long-term average rather than climb over time, unlike asset classes that drift upward, so holding period matters here.proshares.com
  • It is a commodity pool rather than a standard stock fund, so tax reporting differs from an equity ETF, and it does not pay regular distributions.

Full RFIX profile⁠

Full VIXM profile⁠

RFIX vs VIXM Holdings

How RFIX and VIXM differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of RFIX and 0.0% of VIXM.

Level by level

  • Asset classFixed Income, Alternatives0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for VIXM.

Country, concentration and asset class

Country by domicile

No country split for VIXM.

Concentration

Weight in the 10 largest Holdings

  • RFIX139.2%
  • VIXM100.0%

Securities held

  • RFIX5
  • VIXM0

Asset class

RFIX
Fixed Income
VIXM
Alternatives

Holdings

  • Only in RFIX5
  • In both0
  • Only in VIXM0

Only in RFIX

5 securities, 100% of RFIX by weight

  • B 12/31/26 Govt67.94%
  • B 3/11/27 Govt44.37%
  • Simplify E Govt Money Mkt Etf14.59%

Only in VIXM

0 securities, 0.0% of VIXM by weight

Weight gaps

RFIX and VIXM share no securities.

All 11 RFIX holdings⁠All 5 VIXM 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.

RFIX vs VIXM Cost

Overpaying VIXM vs RFIX

$6,220

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

  • RFIX 0.50%

    $9,979

  • VIXM 0.85%

    $16,199

$10,000
30 years

Cost over time

  • RFIX 0.50%
  • VIXM 0.85%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530VIXM $16,199RFIX $9,979

Year by year

YearRFIXVIXMOverpaying
10$900$1,508$608
20$3,460$5,706$2,246
30$9,979$16,199$6,220

Expense ratio

  • 0.50%RFIX, cheaper
  • 0.85%VIXM
  • Middle half of Portfolio Hedging funds
  • Median 0.63%

RFIX cheapest of 10 funds

VIXM 8th cheapest of 10 funds

RFIX vs VIXM Dividends

Last 12 months to Nov 3, 2026
Yield (12M)
RFIX 4.71%
VIXM No data
Payout (12M)
RFIX $1.73
VIXM None
Last payment
RFIX $0.20
VIXM No data
Ex-dividend
RFIX Oct 27, 2026
VIXM No data
Paid on
RFIX Oct 30, 2026
VIXM No data
Frequency
RFIX Monthly
VIXM No data

Distribution history

Per share, 2025 to 2026, same scale for both

RFIXMonthly · 21 paymentsAll RFIX payments⁠
One bar per payment. 21 payments from 2025 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$0.502026YTD
VIXMAll VIXM payments⁠

No distribution history available.

RFIX vs VIXM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
RFIX 21.0%since Jan 2025VIXM 19.9%
Return per unit of riskSharpe ratio, 3 years
RFIX −0.83since Jan 2025VIXM −0.84
Worst fallMax drawdown, 5 years
RFIX −38.9%since Dec 2024VIXM −66.2%
Market sensitivityBeta, 5 years
RFIX −0.20VIXM −0.95

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