RFIX vs SGOV: Performance, Holdings, Fees & Risk
RFIX and SGOV are ETFs, but they can differ materially in exposure, yield, fees and risk. RFIX is Simplify Bond Bull ETF, while SGOV is iShares 0-3 Month Treasury Bond ETF. SGOV is broader by holdings count, with 24 positions versus 9 for RFIX. SGOV has the lower expense ratio. Current AlgovestIQ evidence has SGOV ahead on AIQ Score, 60 versus 43.
What is the main difference between RFIX and SGOV?
RFIX and SGOV have little in common: 7% of their weight is in the same securities.
| Metric | RFIX | SGOV |
|---|---|---|
| Fund | ||
| Expense ratio | 0.5% | 0.09% |
| Holdings | 9 | 24 |
| Distribution yieldTrailing 12 months | 4.47% | 3.64% |
| Average volume | 380,593 | 20,897,619 |
| Performance | ||
| 1Y return | -18% | +0.1% |
| YTD return | +0.5% | +0.2% |
| Risk | ||
| Annualized volatility | 27.7% | 1% |
| Max drawdown (1Y) | -23.3% | -0.4% |
| Beta | 0.10 | -0.01 |
| Sharpe ratio | -0.66 | -3.85 |
| Sortino ratio | -1.11 | -3.24 |
| AlgovestIQ | ||
| AIQ Score | 43/100 | 60/100 |
| AIQ Edge Score | 2/10 | 8/10 |
| Momentum | 62/100 | 55/100 |
| Risk Resilience | 27/100 | 66/100 |
AlgovestIQ AIQ Comparison
Simplify Bond Bull ETF vs iShares 0-3 Month Treasury Bond ETF
SGOV leads
SGOV leads by 17 AIQ points, primarily on Risk Resilience and Quality, but the lead has narrowed from 28 points over 30 sessions.
Competitive: 4 of 4 evidence groups support SGOV, its lead is narrowing, and its current signal state is conflicted.
Simplify Bond Bull ETF
iShares 0-3 Month Treasury Bond ETF
The Algovestiq AIQ Score currently favors SGOV over RFIX, 60 versus 43 as of Oct 21, 2026. SGOV's advantage is driven primarily by stronger risk resilience and quality, while RFIX holds the stronger momentum profile. SGOV also shows the weaker technical structure relative to its 50-day moving average. 4 of 4 covered evidence groups favor SGOV today, and the comparison is rated Competitive on stability: the leader's advantage has been narrowing. SGOV lead: Weakening — the AIQ differential moved from 28 to 17 points over 30 sessions.
Compare Simplify Bond Bull ETF and iShares 0-3 Month Treasury Bond ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
RFIX vs SGOV: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | RFIX | SGOV | Fits |
|---|---|---|---|
| Lower costExpense ratio | 0.5% | 0.09% | SGOV |
| Broader diversificationNumber of holdings | 9 | 24 | SGOV |
| Higher incomeTrailing 12-month distribution yield | 4.47% | 3.64% | RFIX |
| Smaller drawdownsMax drawdown, 1 year | -23.3% | -0.4% | SGOV |
| Lower volatilityAnnualized volatility, 1 year | 27.7% | 1% | SGOV |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare RFIX and SGOV against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Risk Resilience27 vs 66SGOV +39
- Quality43 vs 76SGOV +33
- Value36 vs 45SGOV +9
- Momentum62 vs 55RFIX +7
4 of 4 evidence groups favor SGOV. SGOV’s edge is concentrated in risk resilience and quality; RFIX keeps a meaningful momentum edge.
What changed since the last close
Latest scored session 2026-10-20, compared against the prior scored session 2026-10-19.
Largest factor move: Momentum +19
New signals
- MACD Bullish Crossover — bullish, momentum, short horizon
Largest factor move: Momentum +2
New signals
- Keltner Channel Breakout — bullish, volatility, short horizon
- EMA Ribbon Expansion Bullish — bullish, trend, medium horizon
SGOV's lead narrowed by 4 AIQ points in the latest session.
Deeper signal detail for each name lives on its own signals page — RFIX and SGOV both carry a full feed there.
The central trade-off
SGOV (iShares 0-3 Month Treasury Bond ETF): the stronger current systematic profile, led by risk resilience and quality.
RFIX (Simplify Bond Bull ETF): the counter-case, on momentum — but at materially higher volatility, 28% against 1%.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | RFIX | SGOV | Why it matters |
|---|---|---|---|
| Expense ratio | 0.5% | 0.09% | Lower is better — it compounds against you every year you hold. |
| Holdings | 9 | 24 | More holdings means broader diversification, not better returns. |
| Average volume | 380,593 | 20,897,619 | Liquidity — matters most if you trade size. |
| Annualized volatility | 27.7% | 1% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -23.3% | -0.4% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | -0.66 | -3.85 | Return per unit of risk. Higher is better. |
| Beta | 0.10 | -0.01 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
Sector exposure for each fund, ordered by the size of the difference.
How much of the same holdings they own
RFIX and SGOV share 6.78% of their weighted exposure across 2 common holdings.
5 holdings are unique to RFIX, and 20 holdings are unique to SGOV. Owning both is genuinely additive — most of the capital sits in different securities.
Largest shared positions
| Holding | RFIX | SGOV | Shared |
|---|---|---|---|
| B 10/15/26 Govt | 24.5% | 3.82% | 3.82% |
| B 12/3/26 Govt | 6.45% | 2.96% | 2.96% |
Shared weight is the lower of the two positions — the portion of capital both funds genuinely have in the same security.
What RFIX adds that SGOV doesn’t
| Holding | RFIX | SGOV |
|---|---|---|
| B 12/31/26 Govt | 37.62% | Not held |
| B 10/15/26 Govt | 24.5% | 3.82% |
| SWAPTION R 3.00%/SOFR 3/15/32-10Y MS | 11.27% | Not held |
| B 12/3/26 Govt | 6.45% | 2.96% |
| SWAPTION R 3.00%/SOFR 3/15/32-10Y BOA | 5.77% | Not held |
| SWAPTION R 3.00%/SOFR 3/15/32-10Y GS | 5.6% | Not held |
What SGOV adds that RFIX doesn’t
| Holding | SGOV | RFIX |
|---|---|---|
| TREASURY BILL 10/20/2026 | 9.4% | Not held |
| TREASURY BILL 09/22/2026 | 7.93% | Not held |
| TREASURY BILL 10/13/2026 | 7.86% | Not held |
| TREASURY BILL 09/29/2026 | 6.3% | Not held |
| TREASURY BILL 10/27/2026 | 6.29% | Not held |
| TREASURY BILL 09/15/2026 | 5.58% | Not held |
Each list is a fund’s largest positions by weight that the other fund does not hold, or holds at less than half the weight.
AIQ Agreement Matrix
4 of 4 covered evidence groups favor SGOV. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | SGOV | 43 vs 60 |
| Fundamentals | Not covered | Not covered |
| Valuation | SGOV | Value 36 vs 45 |
| Technicals | SGOV | Price vs 50-day 0.7% vs 0.1%; vs 200-day -4.2% vs 0.1% |
| Risk Resilience | SGOV | Risk Resilience 27 vs 66 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of RFIX and SGOV and are excluded from the count.
AIQ Decision Stability
The two are close enough that your objective, not the score, should decide.
- The AIQ gap is wide at 17 points. (supports the conclusion holding)
- 4 of 4 covered evidence groups point the same way. (supports the conclusion holding)
- The leader's advantage has been narrowing. (argues the conclusion is provisional)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on SGOV.
How the comparison changed
45 daily snapshots · Sep 6 – Oct 20SGOV lead: Weakening — the AIQ differential moved from 28 to 17 points over 30 sessions.
- Today
- SGOV +17
- 43 vs 60
- 7 sessions ago
- SGOV +22
- 37 vs 59
- 30 sessions ago
- SGOV +28
- 38 vs 66
- 90 sessions ago
- Not covered
The lead has not changed hands in this window.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
1 bullish / 1 bearish / 1 neutral, conflicted
Only RFIX
- Bollinger Band Squeeze — neutral, volatility, short horizon
- Death Cross Active — bearish, trend, long horizon (6.20%)
6 bullish / 1 bearish / 2 neutral, conflicted
Only SGOV
- Golden Cross Active — bullish, trend, long horizon (0.02%)
- ATR Contraction - Coiling — neutral, volatility, short horizon (0.03%)
- Keltner Channel Breakout — bullish, volatility, short horizon
- EMA Ribbon Compression — neutral, trend, medium horizon
- EMA Ribbon Expansion Bullish — bullish, trend, medium horizon
- 52-Week High Proximity — bullish, risk, long horizon (0.1%)
- 52-Week Low Proximity — bearish, risk, long horizon (0.3%)
- Uptrend Structure Active — bullish, trend, long horizon
Both carry 1 more signal that do not separate them: MACD Bullish Crossover.
SGOV leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Price is down while the AIQ Score moved up 5 points over the same session — price and model disagree (price -1.04%, AIQ +5 points).
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price +0.01%, AIQ +1 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1RFIX closes the Risk Resilience gap — currently 39 points behind, the largest single contributor to SGOV's edge.
- 2RFIX's Death Cross Active resolves — a bearish trend rule currently active against it.
- 3SGOV's conflicting signal state resolves bearish — it currently carries 6 bullish and 1 bearish rules at once.
- 4The narrowing continues — the lead has already given back 11 points over 30 sessions, and a further 17-point move would eliminate SGOV's advantage entirely.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Performance
SGOV leads 4 of 6 windows| Metric | RFIX | SGOV |
|---|---|---|
| 1 week (5 sessions) | 5.2% | 0.1% |
| 1 month (20 sessions) | -1.7% | 0% |
| 3 months (63 sessions) | -2.4% | 0% |
| 6 months (126 sessions) | -5.7% | 0% |
| Year to date | 0.5% | 0.2% |
| 1 year (252 sessions) | -18% | 0.1% |
Technicals
SGOV has the stronger structure| Metric | RFIX | SGOV |
|---|---|---|
| RSI (14) | 57.9 | 42.6 |
| ADX (14) | 12.2 | 16.2 |
| Price vs 50-day | 0.7% | 0.1% |
| Price vs 200-day | -4.2% | 0.1% |
| Volatility (1M, annualized) | 28% | 1% |
Risk
SGOV is the more resilient| Metric | RFIX | SGOV |
|---|---|---|
| Beta | 0.1 | -0.01 |
| Sharpe ratio | -0.66 | -3.85 |
| Sortino ratio | -1.11 | -3.24 |
| Max drawdown | -23.3% | -0.4% |
| Current drawdown | -19.1% | -0.1% |
| Annualized volatility | 27.7% | 1% |
| Value at risk (95%) | -2.6% | 0% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between RFIX and SGOV?
RFIX and SGOV have little in common: 7% of their weight is in the same securities.
How much do RFIX and SGOV overlap?
RFIX and SGOV share 6.78% of their weighted exposure across 2 common holdings. 5 holdings are unique to RFIX, and 20 holdings are unique to SGOV. Owning both is genuinely additive — most of the capital sits in different securities.
Which ETF is more diversified, RFIX or SGOV?
SGOV holds more positions: 24 versus 9 for RFIX.
Which has the lower expense ratio?
SGOV has the lower expense ratio, 0.09% a year against 0.5% for RFIX.
Which ETF has the higher distribution yield?
RFIX, with a trailing 12-month distribution yield of 4.47% against 3.64% for SGOV.
Which ETF has been more volatile?
RFIX has been more volatile over the past year, at 27.7% annualized against 1% for SGOV.
Which ETF has had the smaller drawdown?
SGOV fell less from peak to trough over the past year: -0.4% against -23.3% for RFIX.
Compare RFIX and SGOV with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.