ICSH vs. SVOL
Compare and contrast key facts about iShares Ultra Short-Term Bond ETF (ICSH) and Simplify Volatility Premium ETF (SVOL).
ICSH and SVOL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ICSH is an actively managed fund by iShares. It was launched on Dec 11, 2013. 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: ICSH or SVOL.
Key characteristics
| ICSH | SVOL | |
|---|---|---|
| YTD Return | 1.60% | 2.52% |
| 1Y Return | 5.58% | 19.86% |
| Sharpe Ratio | 11.14 | 2.83 |
| Daily Std Dev | 0.50% | 7.17% |
| Max Drawdown | -3.94% | -15.69% |
| Current Drawdown | 0.00% | -1.10% |
Correlation
The correlation between ICSH and SVOL is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ICSH vs. SVOL - Performance Comparison
In the year-to-date period, ICSH achieves a 1.60% return, which is significantly lower than SVOL's 2.52% 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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ICSH vs. SVOL - Expense Ratio Comparison
ICSH has a 0.08% expense ratio, which is lower than SVOL's 0.50% expense ratio.
Risk-Adjusted Performance
ICSH vs. SVOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ultra Short-Term Bond ETF (ICSH) 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
ICSH vs. SVOL - Dividend Comparison
ICSH's dividend yield for the trailing twelve months is around 5.03%, less than SVOL's 16.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short-Term Bond ETF | 5.03% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% | 0.46% |
SVOL Simplify Volatility Premium ETF | 16.47% | 16.36% | 18.21% | 4.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ICSH vs. SVOL - Drawdown Comparison
The maximum ICSH drawdown since its inception was -3.94%, smaller than the maximum SVOL drawdown of -15.69%. Use the drawdown chart below to compare losses from any high point for ICSH and SVOL. For additional features, visit the drawdowns tool.
Volatility
ICSH vs. SVOL - Volatility Comparison
The current volatility for iShares Ultra Short-Term Bond ETF (ICSH) is 0.11%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 2.96%. This indicates that ICSH 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.