Simplify Interest Rate Hedge ETF (PFIX) — Stock Correlations & Overview
Over the past year, PFIX has moved most closely with TMV, TBF, TBT. Explore the stocks most correlated and inversely correlated with PFIX below, along with its price, financials, and company profile.
Stocks correlated with PFIX
Correlation of daily returns. Higher positive values move with PFIX; negative values move opposite it. Informational only, not investment advice.
Most correlated with PFIX
| Symbol | Company | Correlation |
|---|---|---|
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | 0.80 |
| TBF | ProShares Short 20+ Year Treasury ETF | 0.79 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | 0.78 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | 0.77 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | 0.67 |
Most inversely correlated with PFIX
| Symbol | Company | Correlation |
|---|---|---|
| TLTI | NEOS Enhanced Income 20+ Year Treasury Bond ETF | -0.80 |
| GOVZ | iShares 25+ Year Treasury STRIPS Bond ETF | -0.79 |
| EDV | Vanguard World Funds Extended Duration ETF | -0.79 |
| ZROZ | PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund | -0.79 |
| XTWY | BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | -0.79 |
Frequently asked questions about PFIX correlations
- Which stocks are most correlated with PFIX?
- Based on one year of daily returns, the stocks most correlated with Simplify Interest Rate Hedge ETF (PFIX) are TMV (0.80), TBF (0.79) and TBT (0.78). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with PFIX?
- Over the past year, the stocks most inversely correlated with Simplify Interest Rate Hedge ETF (PFIX) are TLTI (-0.80), GOVZ (-0.79) and EDV (-0.79). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these PFIX correlations calculated?
- We compute the correlation of daily returns between PFIX and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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