HYS vs. SVOL
HYS (PIMCO 0-5 Year High Yield Corporate Bond Index ETF) and SVOL (Simplify Volatility Premium ETF) are both exchange-traded funds - HYS is a High Yield Bonds fund tracking the ICE BofA US High Yield Constrained (0-5 Y), while SVOL is a Volatility fund actively managed by Simplify. HYS is passively managed, while SVOL is actively managed. Over the past 5 years, HYS returned 5.02%/yr vs 6.24%/yr for SVOL. A 0.55 correlation means they provide meaningful diversification when combined. HYS charges 0.56%/yr vs 0.50%/yr for SVOL.
Performance
HYS vs. SVOL - Performance Comparison
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Returns By Period
In the year-to-date period, HYS achieves a 1.56% return, which is significantly higher than SVOL's -0.40% return.
HYS
- 1D
- 0.01%
- 1M
- 0.62%
- YTD
- 1.56%
- 6M
- 1.72%
- 1Y
- 6.52%
- 3Y*
- 8.76%
- 5Y*
- 5.02%
- 10Y*
- 5.38%
SVOL
- 1D
- -1.35%
- 1M
- 0.75%
- YTD
- -0.40%
- 6M
- -0.86%
- 1Y
- 18.10%
- 3Y*
- 5.79%
- 5Y*
- 6.24%
- 10Y*
- —
HYS vs. SVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 1.56% | 8.80% | 8.42% | 11.38% | -5.42% | 2.70% |
SVOL Simplify Volatility Premium ETF | -0.40% | 2.41% | 6.77% | 22.88% | -3.30% | 12.70% |
Correlation
The correlation between HYS 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 | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since May 13, 2021 | 0.55 |
The correlation between HYS and SVOL has been stable across timeframes, ranging from 0.55 to 0.57 - a consistent structural relationship.
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Return for Risk
HYS vs. SVOL — Risk / Return Rank
HYS
SVOL
HYS vs. SVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) 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.
| HYS | SVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.19 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 1.40 | +2.08 |
| Martin ratioReturn relative to average drawdown | 14.11 | 3.33 | +10.78 |
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Drawdowns
HYS vs. SVOL - Drawdown Comparison
The maximum HYS drawdown since its inception was -20.91%, smaller than the maximum SVOL drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for HYS and SVOL.
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Drawdown Indicators
| HYS | SVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.91% | -33.50% | +12.59% |
Max Drawdown (1Y)Largest decline over 1 year | -1.88% | -13.01% | +11.13% |
Max Drawdown (3Y)Largest decline over 3 years | -4.98% | -33.50% | +28.52% |
Max Drawdown (5Y)Largest decline over 5 years | -10.61% | -33.50% | +22.89% |
Max Drawdown (10Y)Largest decline over 10 years | -20.91% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | -2.98% | +2.84% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -4.75% | +3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 5.44% | -4.98% |
Volatility
HYS vs. SVOL - Volatility Comparison
The current volatility for PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) is 0.79%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 4.40%. This indicates that HYS 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
| HYS | SVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 4.40% | -3.61% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 10.20% | -7.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 20.52% | -17.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.27% | 22.02% | -15.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.83% | 21.88% | -15.05% |
HYS vs. SVOL - Expense Ratio Comparison
HYS has a 0.56% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Dividends
HYS vs. SVOL - Dividend Comparison
HYS's dividend yield for the trailing twelve months is around 7.34%, less than SVOL's 22.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 7.34% | 7.20% | 7.43% | 6.44% | 5.01% | 3.74% | 4.52% | 4.98% | 4.64% | 5.01% | 5.13% | 5.22% |
SVOL Simplify Volatility Premium ETF | 22.10% | 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
HYS 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.
SVOL has higher volatility (4.40%) compared to HYS (0.79%). In terms of maximum drawdown, HYS dropped -20.91% vs SVOL's -33.50%.
On 5-year performance, SVOL leads with 6.24% vs 5.02% for HYS. On fees, SVOL is cheaper at 0.50% per year. On volatility, HYS has been the lower-risk option at 0.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SVOL has performed better with a 6.24% return vs 5.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SVOL is cheaper with a 0.50% expense ratio, compared with 0.56% for HYS.
SVOL has the higher dividend yield at 22.10%, compared with 7.34% for HYS.
HYS is categorized as High Yield Bonds, while SVOL is Volatility. They also come from different issuers: PIMCO and Simplify. Their fees differ too: 0.56% for HYS and 0.50% for SVOL.
HYS currently has the higher Sharpe Ratio (1.89 vs 0.89), 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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