BTZ vs. SVOL
BTZ (BlackRock Credit Allocation Income Trust) is a stock, while SVOL (Simplify Volatility Premium ETF) is Volatility fund actively managed by Simplify. Over the past 5 years, BTZ returned 0.88%/yr vs 6.22%/yr for SVOL. At a 0.31 correlation, their price movements are largely independent.
Performance
BTZ vs. SVOL - Performance Comparison
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Returns By Period
In the year-to-date period, BTZ achieves a -1.89% return, which is significantly lower than SVOL's -0.03% return.
BTZ
- 1D
- 0.60%
- 1M
- 1.44%
- YTD
- -1.89%
- 6M
- -1.71%
- 1Y
- 3.48%
- 3Y*
- 9.86%
- 5Y*
- 0.88%
- 10Y*
- 5.67%
SVOL
- 1D
- 0.37%
- 1M
- 1.13%
- YTD
- -0.03%
- 6M
- -0.43%
- 1Y
- 13.91%
- 3Y*
- 5.92%
- 5Y*
- 6.22%
- 10Y*
- —
BTZ vs. SVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BTZ BlackRock Credit Allocation Income Trust | -1.89% | 13.70% | 11.25% | 12.78% | -27.11% | 6.63% |
SVOL Simplify Volatility Premium ETF | -0.03% | 2.41% | 6.77% | 22.88% | -3.30% | 12.70% |
Correlation
The correlation between BTZ and SVOL is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since May 13, 2021 | 0.31 |
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Return for Risk
BTZ vs. SVOL — Risk / Return Rank
BTZ
SVOL
BTZ vs. SVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Credit Allocation Income Trust (BTZ) 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.
| BTZ | SVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.15 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 1.07 | -0.70 |
| Martin ratioReturn relative to average drawdown | 1.19 | 2.56 | -1.37 |
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Drawdowns
BTZ vs. SVOL - Drawdown Comparison
The maximum BTZ drawdown since its inception was -74.62%, which is greater than SVOL's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for BTZ and SVOL.
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Drawdown Indicators
| BTZ | SVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -33.50% | -41.12% |
Max Drawdown (1Y)Largest decline over 1 year | -9.29% | -13.01% | +3.72% |
Max Drawdown (3Y)Largest decline over 3 years | -9.29% | -33.50% | +24.21% |
Max Drawdown (5Y)Largest decline over 5 years | -34.67% | -33.50% | -1.17% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | — | — |
Current DrawdownCurrent decline from peak | -3.40% | -2.61% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -12.48% | -4.75% | -7.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 5.45% | -2.53% |
Volatility
BTZ vs. SVOL - Volatility Comparison
The current volatility for BlackRock Credit Allocation Income Trust (BTZ) is 1.83%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 4.39%. This indicates that BTZ 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.
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Volatility by Period
| BTZ | SVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 4.39% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 7.62% | 10.17% | -2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.01% | 20.52% | -11.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.84% | 22.02% | -9.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.13% | 21.87% | -8.74% |
Dividends
BTZ vs. SVOL - Dividend Comparison
BTZ's dividend yield for the trailing twelve months is around 9.95%, less than SVOL's 22.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTZ BlackRock Credit Allocation Income Trust | 9.95% | 9.30% | 9.63% | 9.76% | 9.14% | 6.69% | 6.84% | 6.23% | 7.19% | 6.25% | 6.90% | 7.83% |
SVOL Simplify Volatility Premium ETF | 22.01% | 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
BTZ and SVOL have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SVOL has higher volatility (4.39%) compared to BTZ (1.83%). In terms of maximum drawdown, BTZ dropped -74.62% vs SVOL's -33.50%.
SVOL currently has the higher Sharpe Ratio (0.69 vs 0.39), 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.
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