SBAR vs. XV

Last updated Aug 1, 2026

SBAR (Simplify Barrier Income ETF) and XV (Simplify Target 15 Distribution ETF) are both Derivative Income funds from Simplify. Both are actively managed. Over the past year, SBAR returned 10.20% vs 10.75% for XV. Their 0.73 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.75% expense ratio.

Performance

SBAR vs. XV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Barrier Income ETF (SBAR) and Simplify Target 15 Distribution ETF (XV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SBAR achieves a 3.66% return, which is significantly lower than XV's 4.42% return.

SBAR

• 1D: 0.00%
• 1M: -0.04%
• 6M: 2.79%
• YTD: 3.66%
• 1Y: 10.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.64%

XV

• 1D: 0.21%
• 1M: -0.04%
• 6M: 3.73%
• YTD: 4.42%
• 1Y: 10.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.08%

*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)
SBAR Simplify Barrier Income ETF	$3.06M	$2.74M	$3.97M
XV Simplify Target 15 Distribution ETF	$1.78M	$1.49M	$1.01M

SBAR vs. XV - Yearly Performance Comparison

	2026 (YTD)	2025
SBAR Simplify Barrier Income ETF	3.66%	13.80%
XV Simplify Target 15 Distribution ETF	4.42%	16.13%

Correlation

The correlation between SBAR and XV is 0.70, 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.	0.70
Correlation (All Time) Calculated using the full available price history since Apr 15, 2025	0.73

The correlation between SBAR and XV has been stable across timeframes, ranging from 0.70 to 0.73 - a consistent structural relationship.

Return for Risk

SBAR vs. XV — Risk / Return Rank

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

SBAR

SBAR Risk / Return Rank: 46
SBAR Sharpe Ratio Rank: 44
SBAR Sortino Ratio Rank: 44
SBAR Omega Ratio Rank: 40
SBAR Calmar Ratio Rank: 47
SBAR Martin Ratio Rank: 56

XV

XV Risk / Return Rank: 49
XV Sharpe Ratio Rank: 46
XV Sortino Ratio Rank: 47
XV Omega Ratio Rank: 44
XV Calmar Ratio Rank: 51
XV Martin Ratio Rank: 59

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.

SBAR vs. XV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Barrier Income ETF (SBAR) and Simplify Target 15 Distribution ETF (XV). 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.

	SBAR	XV	Difference
Sharpe ratio: Return per unit of total volatility	1.09	1.16	-0.06
Sortino ratio: Return per unit of downside risk	1.62	1.70	-0.09
Omega ratio: Gain probability vs. loss probability	1.19	1.20	-0.02
Calmar ratio: Return relative to maximum drawdown	1.69	1.83	-0.15
Martin ratio: Return relative to average drawdown	6.60	7.02	-0.42

SBAR vs. XV - Sharpe Ratio Comparison

The current SBAR Sharpe Ratio is 1.09, which is comparable to the XV Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of SBAR and XV, 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

SBAR vs. XV - Drawdown Comparison

The maximum SBAR drawdown since its inception was -5.32%, smaller than the maximum XV drawdown of -5.73%. Use the drawdown chart below to compare losses from any high point for SBAR and XV.

Drawdown Indicators

	SBAR	XV	Difference
Max Drawdown Largest peak-to-trough decline	-5.32%	-5.73%	+0.41%
Max Drawdown (1Y) Largest decline over 1 year	-5.32%	-5.73%	+0.41%
Current Drawdown Current decline from peak	-0.81%	-1.36%	+0.55%
Average Drawdown Average peak-to-trough decline	-0.90%	-0.96%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.36%	1.49%	-0.13%

Volatility

SBAR vs. XV - Volatility Comparison

Simplify Barrier Income ETF (SBAR) and Simplify Target 15 Distribution ETF (XV) have volatilities of 2.85% and 2.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SBAR	XV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.85%	2.79%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	6.35%	6.91%	-0.56%
Volatility (1Y) Calculated over the trailing 1-year period	8.23%	9.09%	-0.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.81%	10.84%	-1.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.81%	10.84%	-1.03%

SBAR vs. XV - Expense Ratio Comparison

Both SBAR and XV have an expense ratio of 0.75%.

Dividends

SBAR vs. XV - Dividend Comparison

SBAR's dividend yield for the trailing twelve months is around 12.57%, less than XV's 19.22% yield.

Position	TTM	2025
SBAR Simplify Barrier Income ETF	12.57%	8.56%
XV Simplify Target 15 Distribution ETF	19.22%	13.87%

Frequently Asked Questions

Can I hold both SBAR and XV in my portfolio?

SBAR and XV have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SBAR or XV?

SBAR has higher volatility (2.85%) compared to XV (2.79%). In terms of maximum drawdown, SBAR dropped -5.32% vs XV's -5.73%.

Which ETF is better, SBAR or XV?

On 1-year performance, XV leads with 10.75% vs 10.20% for SBAR. Both ETFs have the same 0.75% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SBAR or XV?

Over the 1-year period, XV has performed better with a 10.75% return vs 10.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SBAR or XV?

SBAR and XV have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, SBAR or XV?

XV has the higher dividend yield at 19.22%, compared with 12.57% for SBAR.

Which has better risk-adjusted returns?

XV currently has the higher Sharpe Ratio (1.16 vs 1.09), 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.