OUSM vs. SVOL

Last updated Jun 14, 2026

OUSM (OShares U.S. Small-Cap Quality Dividend ETF) and SVOL (Simplify Volatility Premium ETF) are both exchange-traded funds - OUSM is a Small Cap Blend Equities fund tracking the O'Shares US Small-Cap Quality Dividend Index, while SVOL is a Volatility fund actively managed by Simplify. OUSM is passively managed, while SVOL is actively managed. Over the past 5 years, OUSM returned 7.57%/yr vs 6.22%/yr for SVOL. A 0.59 correlation means they provide meaningful diversification when combined. OUSM charges 0.48%/yr vs 0.50%/yr for SVOL.

Performance

OUSM vs. SVOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OShares U.S. Small-Cap Quality Dividend ETF (OUSM) 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, OUSM achieves a 8.25% return, which is significantly higher than SVOL's -0.84% return.

OUSM

• 1D: 0.94%
• 1M: 3.32%
• YTD: 8.25%
• 6M: 6.15%
• 1Y: 13.62%
• 3Y*: 11.20%
• 5Y*: 7.57%
• 10Y*: —

SVOL

• 1D: 1.14%
• 1M: 1.70%
• YTD: -0.84%
• 6M: 0.96%
• 1Y: 14.90%
• 3Y*: 5.92%
• 5Y*: 6.22%
• 10Y*: —

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

OUSM vs. SVOL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
OUSM OShares U.S. Small-Cap Quality Dividend ETF	8.25%	2.17%	13.45%	18.82%	-7.89%	8.52%
SVOL Simplify Volatility Premium ETF	-0.84%	2.41%	6.77%	22.88%	-3.30%	12.70%

Correlation

The correlation between OUSM and SVOL is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since May 13, 2021	0.59

The correlation between OUSM and SVOL has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.

Return for Risk

OUSM vs. SVOL — Risk / Return Rank

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

OUSM

OUSM Risk / Return Rank: 28
OUSM Sharpe Ratio Rank: 28
OUSM Sortino Ratio Rank: 29
OUSM Omega Ratio Rank: 26
OUSM Calmar Ratio Rank: 30
OUSM Martin Ratio Rank: 29

SVOL

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

OUSM vs. SVOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OShares U.S. Small-Cap Quality Dividend ETF (OUSM) 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.

	OUSM	SVOL	Difference
Sharpe ratio: Return per unit of total volatility	0.89	0.50	+0.39
Sortino ratio: Return per unit of downside risk	1.42	0.83	+0.59
Omega ratio: Gain probability vs. loss probability	1.16	1.11	+0.04
Calmar ratio: Return relative to maximum drawdown	1.29	0.80	+0.49
Martin ratio: Return relative to average drawdown	3.76	1.90	+1.86

OUSM vs. SVOL - Sharpe Ratio Comparison

The current OUSM Sharpe Ratio is 0.89, which is higher than the SVOL Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of OUSM 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

OUSM vs. SVOL - Drawdown Comparison

The maximum OUSM drawdown since its inception was -39.84%, which is greater than SVOL's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for OUSM and SVOL.

Drawdown Indicators

	OUSM	SVOL	Difference
Max Drawdown Largest peak-to-trough decline	-39.84%	-33.50%	-6.34%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-13.01%	+3.80%
Max Drawdown (3Y) Largest decline over 3 years	-19.44%	-33.50%	+14.06%
Max Drawdown (5Y) Largest decline over 5 years	-19.44%	-33.50%	+14.06%
Current Drawdown Current decline from peak	-0.33%	-3.40%	+3.07%
Average Drawdown Average peak-to-trough decline	-5.20%	-4.76%	-0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	5.50%	-2.35%

Volatility

OUSM vs. SVOL - Volatility Comparison

OShares U.S. Small-Cap Quality Dividend ETF (OUSM) has a higher volatility of 3.89% compared to Simplify Volatility Premium ETF (SVOL) at 3.48%. This indicates that OUSM'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

	OUSM	SVOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	3.48%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	9.31%	9.95%	-0.64%
Volatility (1Y) Calculated over the trailing 1-year period	13.26%	20.81%	-7.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.32%	22.01%	-5.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.92%	21.90%	-2.98%

OUSM vs. SVOL - Expense Ratio Comparison

OUSM has a 0.48% expense ratio, which is lower than SVOL's 0.50% expense ratio.

Dividends

OUSM vs. SVOL - Dividend Comparison

OUSM's dividend yield for the trailing twelve months is around 2.04%, less than SVOL's 22.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
OUSM OShares U.S. Small-Cap Quality Dividend ETF	2.04%	2.09%	1.62%	1.64%	1.98%	1.55%	2.02%	1.99%	2.63%	2.17%
SVOL Simplify Volatility Premium ETF	22.19%	19.82%	16.79%	16.36%	18.32%	4.65%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OUSM and SVOL in my portfolio?

OUSM and SVOL have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OUSM or SVOL?

OUSM has higher volatility (3.89%) compared to SVOL (3.48%). In terms of maximum drawdown, OUSM dropped -39.84% vs SVOL's -33.50%.

Which ETF is better, OUSM or SVOL?

On 5-year performance, OUSM leads with 7.57% vs 6.22% for SVOL. On fees, OUSM is cheaper at 0.48% per year. On volatility, SVOL has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OUSM or SVOL?

Over the 5-year period, OUSM has performed better with a 7.57% return vs 6.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OUSM or SVOL?

OUSM is cheaper with a 0.48% expense ratio, compared with 0.50% for SVOL.

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

SVOL has the higher dividend yield at 22.19%, compared with 2.04% for OUSM.

What is the main difference between OUSM and SVOL?

OUSM is categorized as Small Cap Blend Equities, while SVOL is Volatility. They also come from different issuers: O'Shares Investments and Simplify. Their fees differ too: 0.48% for OUSM and 0.50% for SVOL.

Which has better risk-adjusted returns?

OUSM currently has the higher Sharpe Ratio (0.89 vs 0.50), 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.