MFTNX vs. SVOL

Last updated Jun 5, 2026

MFTNX (Arrow Managed Futures Strategy Fund Institutional Class) and SVOL (Simplify Volatility Premium ETF) are both funds - MFTNX is a Systematic Trend fund managed by BlackRock, while SVOL is a Volatility fund actively managed by Simplify. Over the past 5 years, MFTNX returned 10.79%/yr vs 6.92%/yr for SVOL. At a 0.17 correlation, their price movements are largely independent. MFTNX charges 1.56%/yr vs 0.50%/yr for SVOL.

Performance

MFTNX vs. SVOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arrow Managed Futures Strategy Fund Institutional Class (MFTNX) and Simplify Volatility Premium ETF (SVOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MFTNX achieves a 17.57% return, which is significantly higher than SVOL's 0.65% return.

MFTNX

• 1D: -0.14%
• 1M: 3.66%
• YTD: 17.57%
• 6M: 23.08%
• 1Y: 44.31%
• 3Y*: 5.82%
• 5Y*: 10.79%
• 10Y*: 6.55%

SVOL

• 1D: 1.06%
• 1M: 3.88%
• YTD: 0.65%
• 6M: 2.31%
• 1Y: 11.29%
• 3Y*: 6.99%
• 5Y*: 6.92%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MFTNX vs. SVOL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MFTNX Arrow Managed Futures Strategy Fund Institutional Class	17.57%	9.44%	7.12%	-13.65%	58.30%	-7.87%
SVOL Simplify Volatility Premium ETF	0.65%	2.41%	6.77%	22.88%	-3.30%	12.25%

Correlation

The correlation between MFTNX and SVOL is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since May 14, 2021	0.17

The correlation between MFTNX and SVOL shifts across timeframes, from 0.17 (5 years) to 0.36 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MFTNX vs. SVOL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MFTNX

MFTNX Risk / Return Rank: 64
MFTNX Sharpe Ratio Rank: 61
MFTNX Sortino Ratio Rank: 49
MFTNX Omega Ratio Rank: 52
MFTNX Calmar Ratio Rank: 90
MFTNX Martin Ratio Rank: 68

SVOL

SVOL Risk / Return Rank: 19
SVOL Sharpe Ratio Rank: 18
SVOL Sortino Ratio Rank: 18
SVOL Omega Ratio Rank: 20
SVOL Calmar Ratio Rank: 21
SVOL Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MFTNX vs. SVOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arrow Managed Futures Strategy Fund Institutional Class (MFTNX) 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.

	MFTNX	SVOL	Difference
Sharpe ratio: Return per unit of total volatility	2.30	0.54	+1.76
Sortino ratio: Return per unit of downside risk	2.95	0.89	+2.06
Omega ratio: Gain probability vs. loss probability	1.40	1.12	+0.27
Calmar ratio: Return relative to maximum drawdown	4.66	0.87	+3.79
Martin ratio: Return relative to average drawdown	13.06	2.06	+11.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MFTNX vs. SVOL - Sharpe Ratio Comparison

The current MFTNX Sharpe Ratio is 2.30, which is higher than the SVOL Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of MFTNX and SVOL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MFTNX	SVOL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	0.54	+1.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.32	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.36	-0.12

Drawdowns

MFTNX vs. SVOL - Drawdown Comparison

The maximum MFTNX drawdown since its inception was -35.58%, which is greater than SVOL's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for MFTNX and SVOL.

Drawdown Indicators

	MFTNX	SVOL	Difference
Max Drawdown Largest peak-to-trough decline	-35.58%	-33.50%	-2.08%
Max Drawdown (1Y) Largest decline over 1 year	-9.74%	-13.01%	+3.27%
Max Drawdown (3Y) Largest decline over 3 years	-32.45%	-33.50%	+1.05%
Max Drawdown (5Y) Largest decline over 5 years	-32.45%	-33.50%	+1.05%
Max Drawdown (10Y) Largest decline over 10 years	-35.58%	—	—
Current Drawdown Current decline from peak	-0.14%	-1.95%	+1.81%
Average Drawdown Average peak-to-trough decline	-12.90%	-4.77%	-8.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	5.49%	-2.02%

Volatility

MFTNX vs. SVOL - Volatility Comparison

Arrow Managed Futures Strategy Fund Institutional Class (MFTNX) has a higher volatility of 4.12% compared to Simplify Volatility Premium ETF (SVOL) at 1.69%. This indicates that MFTNX's price experiences larger fluctuations and is considered to be riskier than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MFTNX	SVOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.12%	1.69%	+2.43%
Volatility (6M) Calculated over the trailing 6-month period	12.33%	9.60%	+2.73%
Volatility (1Y) Calculated over the trailing 1-year period	19.70%	20.85%	-1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.98%	21.99%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.08%	21.92%	+0.16%

MFTNX vs. SVOL - Expense Ratio Comparison

MFTNX has a 1.56% expense ratio, which is higher than SVOL's 0.50% expense ratio.

Dividends

MFTNX vs. SVOL - Dividend Comparison

MFTNX has not paid dividends to shareholders, while SVOL's dividend yield for the trailing twelve months is around 21.87%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MFTNX Arrow Managed Futures Strategy Fund Institutional Class	0.00%	0.00%	0.00%	11.69%	40.52%	2.53%	0.00%	20.10%	8.43%	2.28%	9.35%	1.46%
SVOL Simplify Volatility Premium ETF	21.87%	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

Can I hold both MFTNX and SVOL in my portfolio?

MFTNX and SVOL have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MFTNX or SVOL?

MFTNX has higher volatility (4.12%) compared to SVOL (1.69%). In terms of maximum drawdown, MFTNX dropped -35.58% vs SVOL's -33.50%.

Which has better risk-adjusted returns?

MFTNX currently has the higher Sharpe Ratio (2.30 vs 0.54), 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.