DYLG vs. SVOL
Compare and contrast key facts about Global X Dow 30 Covered Call & Growth ETF (DYLG) and Simplify Volatility Premium ETF (SVOL).
DYLG and SVOL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DYLG is a passively managed fund by Global X that tracks the performance of the Cboe DJIA Half BuyWrite Index - Benchmark TR Gross. It was launched on Jul 25, 2023. SVOL is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 12, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DYLG or SVOL.
Key characteristics
| DYLG | SVOL | |
|---|---|---|
| YTD Return | 8.85% | 7.80% |
| 1Y Return | 14.38% | 13.01% |
| Sharpe Ratio | 1.70 | 1.13 |
| Daily Std Dev | 8.62% | 11.67% |
| Max Drawdown | -7.19% | -15.68% |
| Current Drawdown | -1.18% | -1.78% |
Correlation
The correlation between DYLG and SVOL is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DYLG vs. SVOL - Performance Comparison
In the year-to-date period, DYLG achieves a 8.85% return, which is significantly higher than SVOL's 7.80% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DYLG vs. SVOL - Expense Ratio Comparison
DYLG has a 0.35% expense ratio, which is lower than SVOL's 0.50% expense ratio.
Risk-Adjusted Performance
DYLG vs. SVOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Dow 30 Covered Call & Growth ETF (DYLG) 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.
Dividends
DYLG vs. SVOL - Dividend Comparison
DYLG's dividend yield for the trailing twelve months is around 3.01%, less than SVOL's 16.34% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
DYLG Global X Dow 30 Covered Call & Growth ETF | 3.01% | 1.38% | 0.00% | 0.00% |
SVOL Simplify Volatility Premium ETF | 16.34% | 16.36% | 18.21% | 4.65% |
Drawdowns
DYLG vs. SVOL - Drawdown Comparison
The maximum DYLG drawdown since its inception was -7.19%, smaller than the maximum SVOL drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for DYLG and SVOL. For additional features, visit the drawdowns tool.
Volatility
DYLG vs. SVOL - Volatility Comparison
The current volatility for Global X Dow 30 Covered Call & Growth ETF (DYLG) is 4.07%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 9.06%. This indicates that DYLG 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.