IVOL vs. SVOL
Compare and contrast key facts about Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) and Simplify Volatility Premium ETF (SVOL).
IVOL and SVOL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IVOL is an actively managed fund by CICC. It was launched on May 13, 2019. SVOL is an actively managed fund by Simplify. It was launched on May 12, 2021.
Performance
IVOL vs. SVOL - Performance Comparison
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IVOL vs. SVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | -1.46% | 11.97% | -11.07% | -5.18% | -12.69% | -4.53% |
SVOL Simplify Volatility Premium ETF | -7.92% | 2.41% | 6.77% | 22.88% | -3.30% | 12.25% |
Returns By Period
In the year-to-date period, IVOL achieves a -1.46% return, which is significantly higher than SVOL's -7.92% return.
IVOL
- 1D
- -0.05%
- 1M
- -1.70%
- YTD
- -1.46%
- 6M
- -1.19%
- 1Y
- 3.84%
- 3Y*
- -2.83%
- 5Y*
- -4.62%
- 10Y*
- —
SVOL
- 1D
- 1.52%
- 1M
- -6.10%
- YTD
- -7.92%
- 6M
- -5.42%
- 1Y
- 3.66%
- 3Y*
- 6.05%
- 5Y*
- —
- 10Y*
- —
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IVOL vs. SVOL - Expense Ratio Comparison
IVOL has a 0.99% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Return for Risk
IVOL vs. SVOL — Risk / Return Rank
IVOL
SVOL
IVOL vs. SVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) 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.
| IVOL | SVOL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.37 | 0.09 | +0.28 |
Sortino ratioReturn per unit of downside risk | 0.64 | 0.45 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.06 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.55 | 0.17 | +0.38 |
Martin ratioReturn relative to average drawdown | 1.06 | 0.57 | +0.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IVOL | SVOL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.09 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.28 | -0.33 |
Correlation
The correlation between IVOL and SVOL is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
IVOL vs. SVOL - Dividend Comparison
IVOL's dividend yield for the trailing twelve months is around 3.73%, less than SVOL's 23.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | 3.73% | 3.61% | 3.83% | 3.73% | 3.92% | 3.93% | 3.44% | 2.02% |
SVOL Simplify Volatility Premium ETF | 23.14% | 19.82% | 16.79% | 16.36% | 18.32% | 4.65% | 0.00% | 0.00% |
Drawdowns
IVOL vs. SVOL - Drawdown Comparison
The maximum IVOL drawdown since its inception was -31.16%, smaller than the maximum SVOL drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for IVOL and SVOL.
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Drawdown Indicators
| IVOL | SVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.16% | -33.50% | +2.34% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -24.73% | +18.01% |
Max Drawdown (5Y)Largest decline over 5 years | -31.16% | — | — |
Current DrawdownCurrent decline from peak | -22.51% | -10.30% | -12.21% |
Average DrawdownAverage peak-to-trough decline | -13.02% | -4.74% | -8.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 7.46% | -3.96% |
Volatility
IVOL vs. SVOL - Volatility Comparison
The current volatility for Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) is 2.34%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 4.34%. This indicates that IVOL 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
| IVOL | SVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 4.34% | -2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 4.41% | 13.82% | -9.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.40% | 38.84% | -28.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.82% | 22.28% | -9.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.11% | 22.28% | -10.17% |