SPAX vs. SVOL
Compare and contrast key facts about Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) and Simplify Volatility Premium ETF (SVOL).
SPAX and SVOL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPAX is an actively managed fund by Toroso Investments. It was launched on Jun 22, 2021. SVOL is an actively managed fund by Simplify. It was launched on May 12, 2021.
Performance
SPAX vs. SVOL - Performance Comparison
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SPAX vs. SVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPAX Robinson Alternative Yield Pre-merger SPAC ETF | 0.00% | 0.02% | 5.11% | 6.63% | 1.25% | 2.19% |
SVOL Simplify Volatility Premium ETF | -7.92% | 2.41% | 6.77% | 22.88% | -3.30% | 5.16% |
Returns By Period
SPAX
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SVOL
- 1D
- 1.52%
- 1M
- -6.10%
- YTD
- -7.92%
- 6M
- -5.42%
- 1Y
- 3.66%
- 3Y*
- 6.05%
- 5Y*
- —
- 10Y*
- —
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SPAX vs. SVOL - Expense Ratio Comparison
SPAX has a 0.85% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Return for Risk
SPAX vs. SVOL — Risk / Return Rank
SPAX
SVOL
SPAX vs. SVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| SPAX | SVOL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.28 | — |
Correlation
The correlation between SPAX and SVOL is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SPAX vs. SVOL - Dividend Comparison
SPAX has not paid dividends to shareholders, while SVOL's dividend yield for the trailing twelve months is around 23.14%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPAX Robinson Alternative Yield Pre-merger SPAC ETF | 0.00% | 0.00% | 5.50% | 7.54% | 0.97% | 0.00% |
SVOL Simplify Volatility Premium ETF | 23.14% | 19.82% | 16.79% | 16.36% | 18.32% | 4.65% |
Drawdowns
SPAX vs. SVOL - Drawdown Comparison
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Drawdown Indicators
| SPAX | SVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -33.50% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -24.73% | — |
Current DrawdownCurrent decline from peak | — | -10.30% | — |
Average DrawdownAverage peak-to-trough decline | — | -4.74% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.46% | — |
Volatility
SPAX vs. SVOL - Volatility Comparison
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Volatility by Period
| SPAX | SVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.34% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.82% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 38.84% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 22.28% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 22.28% | — |