SPUC vs. SVOL
SPUC (Simplify US Equity PLUS Upside Convexity ETF) and SVOL (Simplify Volatility Premium ETF) are both exchange-traded funds - SPUC is a Large Cap Blend Equities fund actively managed by Simplify, while SVOL is a Volatility fund actively managed by Simplify. Both are actively managed. Over the past 5 years, SPUC returned 12.60%/yr vs 6.94%/yr for SVOL. Their 0.71 correlation means they have sometimes moved together and sometimes differently. SPUC charges 0.53%/yr vs 0.50%/yr for SVOL.
Performance
SPUC vs. SVOL - Performance Comparison
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Returns By Period
In the year-to-date period, SPUC achieves a 9.91% return, which is significantly higher than SVOL's 1.82% return.
SPUC
- 1D
- 1.40%
- 1M
- 1.07%
- 6M
- 7.71%
- YTD
- 9.91%
- 1Y
- 21.90%
- 3Y*
- 20.78%
- 5Y*
- 12.60%
- 10Y*
- —
- ALL TIME*
- 15.97%
SVOL
- 1D
- 1.15%
- 1M
- 0.58%
- 6M
- 0.98%
- YTD
- 1.82%
- 1Y
- 18.14%
- 3Y*
- 5.94%
- 5Y*
- 6.94%
- 10Y*
- —
- ALL TIME*
- 7.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.33M | $7.87M | $3.15M | |
| $4.50M | $3.83M | $4.52M |
SPUC vs. SVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPUC Simplify US Equity PLUS Upside Convexity ETF | 9.91% | 22.64% | 25.37% | 27.50% | -24.76% | 22.62% |
SVOL Simplify Volatility Premium ETF | 1.82% | 2.41% | 6.77% | 22.88% | -3.30% | 12.70% |
Correlation
The correlation between SPUC and SVOL is 0.80, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 13, 2021 | 0.71 |
The correlation between SPUC and SVOL has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.
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Return for Risk
SPUC vs. SVOL — Risk / Return Rank
SPUC
SVOL
SPUC vs. SVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS Upside Convexity ETF (SPUC) 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.
| SPUC | SVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.37 | +0.29 |
| Martin ratioReturn relative to average drawdown | 5.56 | 4.00 | +1.57 |
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Drawdowns
SPUC vs. SVOL - Drawdown Comparison
The maximum SPUC drawdown since its inception was -29.20%, smaller than the maximum SVOL drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for SPUC and SVOL.
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Drawdown Indicators
| SPUC | SVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.20% | -33.50% | +4.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -11.42% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -28.17% | -33.50% | +5.33% |
Max Drawdown (5Y)Largest decline over 5 years | -29.20% | -33.50% | +4.30% |
Current DrawdownCurrent decline from peak | -0.29% | -1.33% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -8.29% | -4.68% | -3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 3.92% | -0.46% |
Volatility
SPUC vs. SVOL - Volatility Comparison
Simplify US Equity PLUS Upside Convexity ETF (SPUC) and Simplify Volatility Premium ETF (SVOL) have volatilities of 4.07% and 4.16%, 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.
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Volatility by Period
| SPUC | SVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 4.16% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 10.93% | 9.66% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.88% | 17.23% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.96% | 21.96% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.33% | 21.74% | -0.41% |
SPUC vs. SVOL - Expense Ratio Comparison
SPUC has a 0.53% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Dividends
SPUC vs. SVOL - Dividend Comparison
SPUC's dividend yield for the trailing twelve months is around 11.08%, less than SVOL's 22.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SPUC Simplify US Equity PLUS Upside Convexity ETF | 11.08% | 7.70% | 0.94% | 1.33% | 1.53% | 2.00% | 0.75% |
SVOL Simplify Volatility Premium ETF | 22.14% | 19.82% | 16.79% | 16.36% | 18.32% | 4.65% | 0.00% |
Frequently Asked Questions
SPUC and SVOL have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SVOL has higher volatility (4.16%) compared to SPUC (4.07%). In terms of maximum drawdown, SPUC dropped -29.20% vs SVOL's -33.50%.
On 5-year performance, SPUC leads with 12.60% vs 6.94% for SVOL. On fees, SVOL is cheaper at 0.50% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SPUC has performed better with a 12.60% return vs 6.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SVOL is cheaper with a 0.50% expense ratio, compared with 0.53% for SPUC.
SVOL has the higher dividend yield at 22.14%, compared with 11.08% for SPUC.
SPUC is categorized as Large Cap Blend Equities, while SVOL is Volatility. Their fees differ too: 0.53% for SPUC and 0.50% for SVOL.
SPUC currently has the higher Sharpe Ratio (1.14 vs 0.91), 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.
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