SPYC vs. SVOL
SPYC (Simplify US Equity PLUS Convexity ETF) and SVOL (Simplify Volatility Premium ETF) are both exchange-traded funds - SPYC is a Large Cap Growth 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, SPYC returned 8.79%/yr vs 6.94%/yr for SVOL. Their 0.69 correlation means they have sometimes moved together and sometimes differently. SPYC charges 0.28%/yr vs 0.50%/yr for SVOL.
Performance
SPYC vs. SVOL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPYC achieves a 6.38% return, which is significantly higher than SVOL's 1.82% return.
SPYC
- 1D
- 1.02%
- 1M
- -0.29%
- 6M
- 5.97%
- YTD
- 6.38%
- 1Y
- 14.04%
- 3Y*
- 15.87%
- 5Y*
- 8.79%
- 10Y*
- —
- ALL TIME*
- 11.87%
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) |
|---|---|---|---|
| $423.35K | $339.15K | $529.32K | |
| $4.50M | $3.83M | $4.52M |
SPYC vs. SVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPYC Simplify US Equity PLUS Convexity ETF | 6.38% | 15.31% | 22.57% | 23.98% | -25.65% | 19.73% |
SVOL Simplify Volatility Premium ETF | 1.82% | 2.41% | 6.77% | 22.88% | -3.30% | 12.70% |
Correlation
The correlation between SPYC and SVOL is 0.78, 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. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 13, 2021 | 0.69 |
The correlation between SPYC and SVOL has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPYC vs. SVOL — Risk / Return Rank
SPYC
SVOL
SPYC vs. SVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS Convexity ETF (SPYC) 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.
| SPYC | SVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.18 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.37 | -0.46 |
| Martin ratioReturn relative to average drawdown | 2.80 | 4.00 | -1.20 |
Loading charts...
Drawdowns
SPYC vs. SVOL - Drawdown Comparison
The maximum SPYC drawdown since its inception was -28.51%, smaller than the maximum SVOL drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for SPYC and SVOL.
Loading charts...
Drawdown Indicators
| SPYC | SVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.51% | -33.50% | +4.99% |
Max Drawdown (1Y)Largest decline over 1 year | -13.47% | -11.42% | -2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -22.81% | -33.50% | +10.69% |
Max Drawdown (5Y)Largest decline over 5 years | -28.51% | -33.50% | +4.99% |
Current DrawdownCurrent decline from peak | -2.17% | -1.33% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -8.09% | -4.68% | -3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.40% | 3.92% | +0.48% |
Volatility
SPYC vs. SVOL - Volatility Comparison
Simplify US Equity PLUS Convexity ETF (SPYC) has a higher volatility of 4.47% compared to Simplify Volatility Premium ETF (SVOL) at 4.16%. This indicates that SPYC's price experiences larger fluctuations and is considered to be riskier than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPYC | SVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 4.16% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 10.92% | 9.66% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.59% | 17.23% | -1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.99% | 21.96% | -1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.59% | 21.74% | -2.15% |
SPYC vs. SVOL - Expense Ratio Comparison
SPYC has a 0.28% expense ratio, which is lower than SVOL's 0.50% expense ratio.
Dividends
SPYC vs. SVOL - Dividend Comparison
SPYC's dividend yield for the trailing twelve months is around 0.88%, less than SVOL's 22.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SPYC Simplify US Equity PLUS Convexity ETF | 0.88% | 0.89% | 1.02% | 1.76% | 1.34% | 1.01% | 0.40% |
SVOL Simplify Volatility Premium ETF | 22.14% | 19.82% | 16.79% | 16.36% | 18.32% | 4.65% | 0.00% |
Frequently Asked Questions
SPYC and SVOL have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPYC has higher volatility (4.47%) compared to SVOL (4.16%). In terms of maximum drawdown, SPYC dropped -28.51% vs SVOL's -33.50%.
On 5-year performance, SPYC leads with 8.79% vs 6.94% for SVOL. On fees, SPYC is cheaper at 0.28% per year. On volatility, SVOL has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SPYC has performed better with a 8.79% return vs 6.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPYC is cheaper with a 0.28% expense ratio, compared with 0.50% for SVOL.
SVOL has the higher dividend yield at 22.14%, compared with 0.88% for SPYC.
SPYC is categorized as Large Cap Growth Equities, while SVOL is Volatility. Their fees differ too: 0.28% for SPYC and 0.50% for SVOL.
SVOL currently has the higher Sharpe Ratio (0.91 vs 0.79), 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.
Find the right allocation for SPYC and SVOL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer