ALTY vs. SVOL

Last updated Jun 14, 2026

ALTY (Global X Alternative Income ETF) and SVOL (Simplify Volatility Premium ETF) are both exchange-traded funds - ALTY is a Global Allocation fund tracking the Indxx SuperDividend Alternatives Index, while SVOL is a Volatility fund actively managed by Simplify. ALTY is passively managed, while SVOL is actively managed. Over the past 5 years, ALTY returned 5.27%/yr vs 6.22%/yr for SVOL. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.

Performance

ALTY vs. SVOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Alternative Income ETF (ALTY) and Simplify Volatility Premium ETF (SVOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALTY achieves a 6.79% return, which is significantly higher than SVOL's -0.84% return.

ALTY

• 1D: 0.41%
• 1M: 1.22%
• YTD: 6.79%
• 6M: 7.29%
• 1Y: 15.76%
• 3Y*: 11.36%
• 5Y*: 5.27%
• 10Y*: 6.21%

SVOL

• 1D: 1.14%
• 1M: 1.70%
• YTD: -0.84%
• 6M: 0.96%
• 1Y: 14.90%
• 3Y*: 5.92%
• 5Y*: 6.22%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALTY vs. SVOL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ALTY Global X Alternative Income ETF	6.79%	11.07%	10.88%	10.58%	-11.92%	8.30%
SVOL Simplify Volatility Premium ETF	-0.84%	2.41%	6.77%	22.88%	-3.30%	12.70%

Correlation

The correlation between ALTY and SVOL is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since May 13, 2021	0.57

The correlation between ALTY and SVOL has been stable across timeframes, ranging from 0.56 to 0.58 - a consistent structural relationship.

Return for Risk

ALTY vs. SVOL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALTY

ALTY Risk / Return Rank: 87
ALTY Sharpe Ratio Rank: 90
ALTY Sortino Ratio Rank: 90
ALTY Omega Ratio Rank: 91
ALTY Calmar Ratio Rank: 78
ALTY Martin Ratio Rank: 87

SVOL

SVOL Risk / Return Rank: 19
SVOL Sharpe Ratio Rank: 18
SVOL Sortino Ratio Rank: 18
SVOL Omega Ratio Rank: 19
SVOL Calmar Ratio Rank: 20
SVOL Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALTY vs. SVOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Alternative Income ETF (ALTY) and Simplify Volatility Premium ETF (SVOL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ALTY	SVOL	Difference
Sharpe ratio: Return per unit of total volatility	2.66	0.50	+2.16
Sortino ratio: Return per unit of downside risk	3.73	0.83	+2.90
Omega ratio: Gain probability vs. loss probability	1.52	1.11	+0.40
Calmar ratio: Return relative to maximum drawdown	3.57	0.80	+2.77
Martin ratio: Return relative to average drawdown	16.46	1.90	+14.56

ALTY vs. SVOL - Sharpe Ratio Comparison

The current ALTY Sharpe Ratio is 2.66, which is higher than the SVOL Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of ALTY and SVOL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ALTY vs. SVOL - Drawdown Comparison

The maximum ALTY drawdown since its inception was -51.47%, which is greater than SVOL's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for ALTY and SVOL.

Drawdown Indicators

	ALTY	SVOL	Difference
Max Drawdown Largest peak-to-trough decline	-51.47%	-33.50%	-17.97%
Max Drawdown (1Y) Largest decline over 1 year	-4.34%	-13.01%	+8.67%
Max Drawdown (3Y) Largest decline over 3 years	-10.08%	-33.50%	+23.42%
Max Drawdown (5Y) Largest decline over 5 years	-18.48%	-33.50%	+15.02%
Max Drawdown (10Y) Largest decline over 10 years	-51.47%	—	—
Current Drawdown Current decline from peak	0.00%	-3.40%	+3.40%
Average Drawdown Average peak-to-trough decline	-6.73%	-4.76%	-1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	5.50%	-4.56%

Volatility

ALTY vs. SVOL - Volatility Comparison

The current volatility for Global X Alternative Income ETF (ALTY) is 1.61%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 3.48%. This indicates that ALTY experiences smaller price fluctuations and is considered to be less risky than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALTY	SVOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.61%	3.48%	-1.87%
Volatility (6M) Calculated over the trailing 6-month period	4.43%	9.95%	-5.52%
Volatility (1Y) Calculated over the trailing 1-year period	5.82%	20.81%	-14.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.61%	22.01%	-11.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.57%	21.90%	-5.33%

ALTY vs. SVOL - Expense Ratio Comparison

Both ALTY and SVOL have an expense ratio of 0.50%.

Dividends

ALTY vs. SVOL - Dividend Comparison

ALTY's dividend yield for the trailing twelve months is around 7.43%, less than SVOL's 22.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALTY Global X Alternative Income ETF	7.43%	7.50%	7.88%	7.31%	7.66%	6.88%	9.20%	8.74%	8.49%	7.52%	8.20%	4.21%
SVOL Simplify Volatility Premium ETF	22.19%	19.82%	16.79%	16.36%	18.32%	4.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ALTY and SVOL in my portfolio?

ALTY and SVOL have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALTY or SVOL?

SVOL has higher volatility (3.48%) compared to ALTY (1.61%). In terms of maximum drawdown, ALTY dropped -51.47% vs SVOL's -33.50%.

Which ETF is better, ALTY or SVOL?

On 5-year performance, SVOL leads with 6.22% vs 5.27% for ALTY. Both ETFs have the same 0.50% expense ratio. On volatility, ALTY has been the lower-risk option at 1.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ALTY or SVOL?

Over the 5-year period, SVOL has performed better with a 6.22% return vs 5.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ALTY or SVOL?

ALTY and SVOL have the same expense ratio: 0.50% per year.

Which ETF pays a higher dividend yield, ALTY or SVOL?

SVOL has the higher dividend yield at 22.19%, compared with 7.43% for ALTY.

What is the main difference between ALTY and SVOL?

ALTY is categorized as Global Allocation, while SVOL is Volatility. They also come from different issuers: Global X and Simplify.

Which has better risk-adjusted returns?

ALTY currently has the higher Sharpe Ratio (2.66 vs 0.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.