PFIX vs TYO
Simplify Interest Rate Hedge ETF compared with Direxion Daily 7-10 Year Treasury Bear 3X Shares on yield, payout growth, payment schedule, cost and risk.
PFIX
Simplify Interest Rate Hedge ETF
TTM yield · Monthly
TYO
Direxion Daily 7-10 Year Treasury Bear 3X Shares
TTM yield · Quarterly
Quick take
- PFIX yields more today: 2.36% vs 2.14% (forward).
- PFIX pays every month; TYO pays every quarter.
- Over the last year TYO delivered the higher total return: +15.0% vs -7.0% (price change plus payouts).
- PFIX is cheaper to own: 0.50% vs 1.00% expense ratio.
- PFIX has the steadier distribution: consistency 95/100 vs 49/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | PFIX | TYO |
|---|---|---|
| Share price | $50.89 | $14.96 |
| TTM yield | 2.16% | 2.43% |
| Forward yield | 2.36% | 2.14% |
| Annual payout per share | $1.20 | $0.32 |
| Payment frequency | Monthly | Quarterly |
| Next ex-date | Sep 25, 2026 (est.) | Sep 22, 2026 (est.) |
| Expense ratio | 0.50% | 1.00% |
| 1-year payout growth | -25.6% | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 0 years | — |
| Payout consistency (last 12) | 95/100 | 49/100 |
| 1-year total return | -7.0% | +15.0% |
| 1-year price return | -9.0% | +12.2% |
| Size (market cap / AUM) | 178.5M | 11.1M |
| Years paying | 4.6 | 16.8 |
| 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 | TYO | |
|---|---|---|
| Shares | 196.5 | 668.4 |
| Income per year | $236 | $214 |
| Income per month (avg) | $20 | $18 |
At forward yields, before taxes. Model PFIX · Model TYO
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. |
| TYO Sep 22, 2026 | Oct 6, 2026 | $0.08 | Est. |
| TYO Dec 22, 2026 | Jan 5, 2027 | $0.08 | Est. |
| TYO Mar 23, 2027 | Apr 6, 2027 | $0.08 | Est. |
Annual payouts per share
PFIXTYO
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 TYO?
TYO currently has the higher trailing yield: PFIX yields 2.16% and TYO yields 2.43%. Yield changes daily with price, so check the live figures above.
How often do PFIX and TYO pay?
PFIX pays every month and TYO pays every quarter. PFIX's next ex-date is Sep 25, 2026 and TYO's is Sep 22, 2026.
Is PFIX or TYO better for income?
It depends on what you are optimising for. PFIX and TYO 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.