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 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: SPAX or SVOL.
Performance
SPAX vs. SVOL - Performance Comparison
Returns By Period
In the year-to-date period, SPAX achieves a 3.54% return, which is significantly lower than SVOL's 9.01% return.
SPAX
3.54%
0.40%
1.99%
3.98%
N/A
N/A
SVOL
9.01%
1.37%
2.89%
11.17%
N/A
N/A
Key characteristics
| SPAX | SVOL | |
|---|---|---|
| Sharpe Ratio | 0.83 | 0.93 |
| Sortino Ratio | 1.30 | 1.27 |
| Omega Ratio | 1.17 | 1.23 |
| Calmar Ratio | 2.09 | 1.02 |
| Martin Ratio | 9.16 | 6.63 |
| Ulcer Index | 0.48% | 1.68% |
| Daily Std Dev | 5.27% | 12.01% |
| Max Drawdown | -8.88% | -15.68% |
| Current Drawdown | -0.78% | -0.78% |
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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.
Correlation
The correlation between SPAX and SVOL is 0.01, 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.
Risk-Adjusted Performance
SPAX vs. SVOL - Risk-Adjusted Performance 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.
Dividends
SPAX vs. SVOL - Dividend Comparison
SPAX's dividend yield for the trailing twelve months is around 10.24%, less than SVOL's 16.40% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
SPAX Robinson Alternative Yield Pre-merger SPAC ETF | 10.24% | 7.54% | 0.97% | 0.00% |
SVOL Simplify Volatility Premium ETF | 16.40% | 16.37% | 18.31% | 4.65% |
Drawdowns
SPAX vs. SVOL - Drawdown Comparison
The maximum SPAX drawdown since its inception was -8.88%, smaller than the maximum SVOL drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for SPAX and SVOL. For additional features, visit the drawdowns tool.
Volatility
SPAX vs. SVOL - Volatility Comparison
The current volatility for Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) is 1.56%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 3.23%. This indicates that SPAX 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.