NXTI vs. SVOL

Last updated Aug 2, 2026

NXTI (Simplify NEXT Intangible Core Index ETF) and SVOL (Simplify Volatility Premium ETF) are both exchange-traded funds - NXTI is a Large Cap Blend Equities fund tracking the NEXT Intangible Core Index, while SVOL is a Volatility fund actively managed by Simplify. NXTI is passively managed, while SVOL is actively managed. Over the past year, NXTI returned 15.09% vs 18.14% for SVOL. Their 0.73 correlation means they have sometimes moved together and sometimes differently. NXTI charges 0.25%/yr vs 0.50%/yr for SVOL.

Performance

NXTI vs. SVOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify NEXT Intangible Core Index ETF (NXTI) 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, NXTI achieves a 6.63% return, which is significantly higher than SVOL's 1.82% return.

NXTI

• 1D: 0.32%
• 1M: -0.52%
• 6M: 10.77%
• YTD: 6.63%
• 1Y: 15.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.50%

SVOL

• 1D: 1.15%
• 1M: 0.58%
• 6M: 0.98%
• YTD: 1.82%
• 1Y: 18.14%
• 3Y*: 5.94%
• 5Y*: 6.94%
• 10Y*: —
• ALL TIME*: 7.96%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NXTI Simplify NEXT Intangible Core Index ETF	$119.85K	$59.67K	$27.88K
SVOL Simplify Volatility Premium ETF	$4.50M	$3.83M	$4.52M

NXTI vs. SVOL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NXTI Simplify NEXT Intangible Core Index ETF	6.63%	16.73%	16.21%
SVOL Simplify Volatility Premium ETF	1.82%	2.41%	7.05%

Correlation

The correlation between NXTI and SVOL is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (All Time) Calculated using the full available price history since Apr 16, 2024	0.74

The correlation between NXTI and SVOL has been stable across timeframes, ranging from 0.68 to 0.73 - a consistent structural relationship.

Return for Risk

NXTI vs. SVOL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NXTI

NXTI Risk / Return Rank: 34
NXTI Sharpe Ratio Rank: 37
NXTI Sortino Ratio Rank: 36
NXTI Omega Ratio Rank: 34
NXTI Calmar Ratio Rank: 32
NXTI Martin Ratio Rank: 31

SVOL

SVOL Risk / Return Rank: 38
SVOL Sharpe Ratio Rank: 37
SVOL Sortino Ratio Rank: 37
SVOL Omega Ratio Rank: 39
SVOL Calmar Ratio Rank: 39
SVOL Martin Ratio Rank: 39

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NXTI vs. SVOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify NEXT Intangible Core Index ETF (NXTI) 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.

	NXTI	SVOL	Difference
Sharpe ratio: Return per unit of total volatility	0.92	0.91	0.00
Sortino ratio: Return per unit of downside risk	1.33	1.38	-0.05
Omega ratio: Gain probability vs. loss probability	1.16	1.18	-0.02
Calmar ratio: Return relative to maximum drawdown	1.06	1.37	-0.31
Martin ratio: Return relative to average drawdown	2.79	4.00	-1.21

NXTI vs. SVOL - Sharpe Ratio Comparison

The current NXTI Sharpe Ratio is 0.92, which is comparable to the SVOL Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of NXTI 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.

Drawdowns

NXTI vs. SVOL - Drawdown Comparison

The maximum NXTI drawdown since its inception was -19.65%, smaller than the maximum SVOL drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for NXTI and SVOL.

Drawdown Indicators

	NXTI	SVOL	Difference
Max Drawdown Largest peak-to-trough decline	-19.65%	-33.50%	+13.85%
Max Drawdown (1Y) Largest decline over 1 year	-12.99%	-11.42%	-1.57%
Max Drawdown (3Y) Largest decline over 3 years	—	-33.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.50%	—
Current Drawdown Current decline from peak	-2.24%	-1.33%	-0.91%
Average Drawdown Average peak-to-trough decline	-3.18%	-4.68%	+1.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.93%	3.92%	+1.01%

Volatility

NXTI vs. SVOL - Volatility Comparison

The current volatility for Simplify NEXT Intangible Core Index ETF (NXTI) is 2.94%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 4.16%. This indicates that NXTI 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.

Volatility by Period

	NXTI	SVOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	4.16%	-1.22%
Volatility (6M) Calculated over the trailing 6-month period	11.93%	9.66%	+2.27%
Volatility (1Y) Calculated over the trailing 1-year period	15.08%	17.23%	-2.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.89%	21.96%	-5.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.89%	21.74%	-4.85%

NXTI vs. SVOL - Expense Ratio Comparison

NXTI has a 0.25% expense ratio, which is lower than SVOL's 0.50% expense ratio.

Dividends

NXTI vs. SVOL - Dividend Comparison

NXTI's dividend yield for the trailing twelve months is around 0.56%, less than SVOL's 22.14% yield.

Position	TTM	2025	2024	2023	2022	2021
NXTI Simplify NEXT Intangible Core Index ETF	0.56%	0.62%	3.70%	0.00%	0.00%	0.00%
SVOL Simplify Volatility Premium ETF	22.14%	19.82%	16.79%	16.36%	18.32%	4.65%

Frequently Asked Questions

Can I hold both NXTI and SVOL in my portfolio?

NXTI and SVOL have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NXTI or SVOL?

SVOL has higher volatility (4.16%) compared to NXTI (2.94%). In terms of maximum drawdown, NXTI dropped -19.65% vs SVOL's -33.50%.

Which ETF is better, NXTI or SVOL?

On 1-year performance, SVOL leads with 18.14% vs 15.09% for NXTI. On fees, NXTI is cheaper at 0.25% per year. On volatility, NXTI has been the lower-risk option at 2.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NXTI or SVOL?

Over the 1-year period, SVOL has performed better with a 18.14% return vs 15.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NXTI or SVOL?

NXTI is cheaper with a 0.25% expense ratio, compared with 0.50% for SVOL.

Which ETF pays a higher dividend yield, NXTI or SVOL?

SVOL has the higher dividend yield at 22.14%, compared with 0.56% for NXTI.

What is the main difference between NXTI and SVOL?

NXTI is categorized as Large Cap Blend Equities, while SVOL is Volatility. Their fees differ too: 0.25% for NXTI and 0.50% for SVOL.

Which has better risk-adjusted returns?

NXTI currently has the higher Sharpe Ratio (0.92 vs 0.91), 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.