A Bond Hedge Crushes All Rival ETFs to Post 57% Gain
- PFIX has soared while 97% of fixed-income ETFs fall in 2022
- Inflows may yet follow as investors look to ‘ease the pain’
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As the bond-market storm intensifies this month, Wall Street traders can find shelter in at least one corner of the $7 trillion U.S. ETF marketplace.
While inflation is igniting big losses across Treasury products of all stripes, the $256 million Simplify Interest Rate Hedge exchange-traded fund (ticker PFIX) is living up to its label with a 57% gain so far this year. It’s the best performance among all non-leveraged U.S. fixed-income ETFs, according to data compiled by Bloomberg.