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RFIX vs VIXY

Simplify Bond Bull ETF

RFIXBNYSE Arca

ProShares VIX Short-Term Futures ETF

VIXYDCboe

Overlap

Expense ratio

RFIX −0.35pt a year

RFIX0.50%VIXY0.85%

Avg volume · 30D

VIXY 6.7×the volume

RFIX410KVIXY2.77M

RFIX vs VIXY Performance

Nov 3, 2025 – Nov 3, 2026

−5.8%RFIX−44.5%VIXY

Nov 3, 2025 to Nov 3, 2026. RFIX −5.8%. VIXY −44.5%. Use the arrow keys to read each point.−20%20%Nov 2025May 2026Nov 2026
Expense ratio
RFIX 0.50%, better
VIXY 0.85%
Fund size
RFIX $42M
VIXY $214M
1Y total return
RFIX −5.8%, better
VIXY −44.5%
Yield (12M)
RFIX 4.71%
VIXY No data
Holdings
RFIX 6
VIXY 1
Avg volume (30D)
RFIX 410K sh
VIXY 2.77M sh, better
NAV per share
RFIX $37.05
VIXY $18.10
52W range

ETF.net Grade

RFIX: Cost 90, Risk 37, Mission not scored, Tradability 50, Holdings 33, Durability 33. VIXY: Cost 15, Risk 18, Mission not scored, Tradability 69, Holdings not scored, Durability 82.
Pillar letters and Scores for RFIX, VIXY, with each pillar’s weight
PillarRFIXVIXY
Cost30% weightA90HigherF15
Mission25% weightNot scoredNot scored
Risk15% weightD37HigherF18
Tradability15% weightC50B69Higher
Holdings10% weightD33Not scored
Durability5% weightD33A82Higher

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 VIXY 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 VIXY 8th 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 7DONEHTrueShares Equity Hedge ETFScore 38
  7. Rank 8DVIXYProShares VIX Short-Term Futures ETFScore 33
  8. Rank 9DVIXMProShares VIX Mid-Term Futures ETFScore 31

Our read on each fund

ETF.net Research

RFIXBSimplify Bond Bull ETF

VIXYDProShares VIX Short-Term Futures ETF

In short

RFIX No data

VIXY The original volatility ETF: ProShares launched it in 2011 to put VIX futures in a fund wrapper instead of a bank note. It tracks an index that rolls short-dated VIX futures daily, designed to move with expected S&P 500 volatility.

Stated mandate

RFIX No data

VIXY The fund seeks, before fees and expenses, to match the performance of the S&P 500 VIX Short-Term Futures Index. It is designed to benefit from increases in expected S&P 500 volatility as reflected in VIX futures prices.

Why people hold it

RFIX No data

  • VIXY Launched January 2011 as one of the first volatility ETFs, built to deliver VIX futures exposure in a fund rather than an unsecured bank-issued note.sec.gov
  • Plain 1x exposure to the short-term VIX futures index: no leverage multiplier stacked on top of an already jumpy asset.proshares.com
  • Actively traded, which matters for a tool most people use in short bursts around market stress rather than hold for years.
  • ProShares says on the fund page that rolling VIX futures daily has historically carried significant costs that reduce returns. Unusual candor about a built-in drag.proshares.com

Worth knowing

RFIX No data

  • VIXY The daily roll is the whole story: ProShares notes VIX futures indexes have historically shown significant roll costs, and that VIX levels have tended to revert to an average.proshares.com
  • Files as a commodity pool, not a 1940 Act fund, and sends a K-1 at tax time. Worth knowing before it lands in a taxable account.proshares.com
  • At 0.85% a year, it costs more than the typical hedging peer, including TAIL (0.59%) and CAOS (0.63%).

Full RFIX profile⁠

Full VIXY profile⁠

RFIX vs VIXY 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 VIXY Cost

Overpaying VIXY vs RFIX

$6,220

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

  • RFIX 0.50%

    $9,979

  • VIXY 0.85%

    $16,199

$10,000
30 years

Cost over time

  • RFIX 0.50%
  • VIXY 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$20K051015202530VIXY $16,199RFIX $9,979

Year by year

YearRFIXVIXYOverpaying
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%VIXY
  • Middle half of Portfolio Hedging funds
  • Median 0.63%

RFIX cheapest of 10 funds

VIXY 8th cheapest of 10 funds

RFIX vs VIXY Dividends

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

No distribution history available.

RFIX vs VIXY 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 2025VIXY 43.8%
Return per unit of riskSharpe ratio, 3 years
RFIX −0.83since Jan 2025VIXY −1.09
Worst fallMax drawdown, 5 years
RFIX −38.9%since Dec 2024VIXY −96.6%
Market sensitivityBeta, 5 years
RFIX −0.20VIXY −2.31

RFIX and VIXY in the news

All news⁠

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