OARK vs. SVOL
Compare and contrast key facts about YieldMax Innovation Option Income Strategy ETF (OARK) and Simplify Volatility Premium ETF (SVOL).
OARK and SVOL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OARK is an actively managed fund by YieldMax. It was launched on Nov 22, 2022. 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: OARK or SVOL.
Performance
OARK vs. SVOL - Performance Comparison
Returns By Period
In the year-to-date period, OARK achieves a 4.41% return, which is significantly lower than SVOL's 9.01% return.
OARK
4.41%
4.75%
11.32%
22.61%
N/A
N/A
SVOL
9.01%
0.96%
2.71%
11.37%
N/A
N/A
Key characteristics
| OARK | SVOL | |
|---|---|---|
| Sharpe Ratio | 0.89 | 0.97 |
| Sortino Ratio | 1.31 | 1.32 |
| Omega Ratio | 1.17 | 1.24 |
| Calmar Ratio | 1.10 | 1.07 |
| Martin Ratio | 2.76 | 6.93 |
| Ulcer Index | 8.65% | 1.67% |
| Daily Std Dev | 26.92% | 12.03% |
| Max Drawdown | -27.24% | -15.68% |
| Current Drawdown | -4.49% | -0.78% |
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OARK vs. SVOL - Expense Ratio Comparison
OARK has a 0.99% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Correlation
The correlation between OARK and SVOL is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
OARK vs. SVOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Innovation Option Income Strategy ETF (OARK) 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
OARK vs. SVOL - Dividend Comparison
OARK's dividend yield for the trailing twelve months is around 40.47%, more than SVOL's 16.40% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
OARK YieldMax Innovation Option Income Strategy ETF | 40.47% | 45.04% | 0.00% | 0.00% |
SVOL Simplify Volatility Premium ETF | 16.40% | 16.37% | 18.31% | 4.65% |
Drawdowns
OARK vs. SVOL - Drawdown Comparison
The maximum OARK drawdown since its inception was -27.24%, which is greater than SVOL's maximum drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for OARK and SVOL. For additional features, visit the drawdowns tool.
Volatility
OARK vs. SVOL - Volatility Comparison
YieldMax Innovation Option Income Strategy ETF (OARK) has a higher volatility of 11.09% compared to Simplify Volatility Premium ETF (SVOL) at 3.58%. This indicates that OARK'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.