PFIX vs TBF
Simplify Interest Rate Hedge ETF compared with ProShares Short 20+ Year Treasury on yield, payout growth, payment schedule, cost and risk.
PFIX
Simplify Interest Rate Hedge ETF
TTM yield · Monthly
TBF
ProShares Short 20+ Year Treasury
TTM yield · Quarterly
Quick take
- TBF yields more today: 2.39% vs 2.36% (forward).
- TBF has grown its payout faster: 5.8%/yr vs 3.3%/yr over the last 3 years.
- PFIX pays every month; TBF pays every quarter.
- Over the last year TBF delivered the higher total return: +5.7% vs -2.3% (price change plus payouts).
- PFIX is cheaper to own: 0.50% vs 0.95% expense ratio.
- PFIX has the steadier distribution: consistency 95/100 vs 66/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | PFIX | TBF |
|---|---|---|
| Share price | $50.89 | $25.43 |
| TTM yield | 7.29% | 2.66% |
| Forward yield | 2.36% | 2.39% |
| Annual payout per share | $1.20 | $0.608 |
| Payment frequency | Monthly | Quarterly |
| Next ex-date | Sep 25, 2026 (est.) | Sep 23, 2026 (est.) |
| Expense ratio | 0.50% | 0.95% |
| 1-year payout growth | -25.6% | -24.5% |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 95/100 | 66/100 |
| 1-year total return | -2.3% | +5.7% |
| 1-year price return | -9.0% | +3.0% |
| Size (market cap / AUM) | 178.5M | 116.0M |
| Years paying | 4.6 | 8.2 |
| Sector / category | Trading--Inverse Debt | Trading--Inverse Debt |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| PFIX | TBF | |
|---|---|---|
| Shares | 196.5 | 393.2 |
| Income per year | $236 | $239 |
| Income per month (avg) | $20 | $20 |
At forward yields, before taxes. Model PFIX · Model TBF
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| PFIX Sep 25, 2026 | Oct 9, 2026 | $0.10 | Est. |
| PFIX Oct 25, 2026 | Nov 8, 2026 | $0.10 | Est. |
| PFIX Nov 24, 2026 | Dec 8, 2026 | $0.10 | Est. |
| TBF Sep 23, 2026 | Oct 7, 2026 | $0.152 | Est. |
| TBF Dec 23, 2026 | Jan 6, 2027 | $0.152 | Est. |
| TBF Mar 24, 2027 | Apr 7, 2027 | $0.152 | Est. |
Annual payouts per share
PFIXTBF
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, PFIX or TBF?
PFIX currently has the higher trailing yield: PFIX yields 7.29% and TBF yields 2.66%. Yield changes daily with price, so check the live figures above.
How often do PFIX and TBF pay?
PFIX pays every month and TBF pays every quarter. PFIX's next ex-date is Sep 25, 2026 and TBF's is Sep 23, 2026.
Which has grown its dividend faster, PFIX or TBF?
TBF has grown its payout faster: 5.8%/yr vs 3.3%/yr over the last 3 years.
Is PFIX or TBF better for income?
It depends on what you are optimising for. PFIX and TBF differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.