SH vs. SVOL
Compare and contrast key facts about ProShares Short S&P500 (SH) and Simplify Volatility Premium ETF (SVOL).
SH and SVOL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SH is a passively managed fund by ProShares that tracks the performance of the S&P 500 (-100%). It was launched on Jun 19, 2006. 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: SH or SVOL.
Correlation
The correlation between SH and SVOL is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SH vs. SVOL - Performance Comparison
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Key characteristics
SH:
-0.40
SVOL:
0.07
SH:
-0.51
SVOL:
0.40
SH:
0.93
SVOL:
1.07
SH:
-0.09
SVOL:
0.09
SH:
-0.99
SVOL:
0.34
SH:
8.66%
SVOL:
8.59%
SH:
19.42%
SVOL:
36.23%
SH:
-93.70%
SVOL:
-33.50%
SH:
-93.55%
SVOL:
-3.31%
Returns By Period
In the year-to-date period, SH achieves a -1.42% return, which is significantly lower than SVOL's 1.64% return.
SH
-1.42%
-11.27%
-0.96%
-7.72%
-13.79%
-11.68%
SVOL
1.64%
31.05%
0.20%
2.35%
N/A
N/A
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SH vs. SVOL - Expense Ratio Comparison
SH has a 0.90% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Risk-Adjusted Performance
SH vs. SVOL — Risk-Adjusted Performance Rank
SH
SVOL
SH vs. SVOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short S&P500 (SH) 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.
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Dividends
SH vs. SVOL - Dividend Comparison
SH's dividend yield for the trailing twelve months is around 5.71%, less than SVOL's 16.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
SH ProShares Short S&P500 | 5.71% | 6.20% | 5.37% | 0.32% | 0.00% | 0.16% | 1.76% | 1.01% | 0.06% |
SVOL Simplify Volatility Premium ETF | 16.87% | 16.79% | 16.36% | 18.32% | 4.65% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SH vs. SVOL - Drawdown Comparison
The maximum SH drawdown since its inception was -93.70%, which is greater than SVOL's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for SH and SVOL. For additional features, visit the drawdowns tool.
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Volatility
SH vs. SVOL - Volatility Comparison
The current volatility for ProShares Short S&P500 (SH) is 5.40%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 17.00%. This indicates that SH 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.
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