SRFM vs. SVOL

Last updated Apr 1, 2026

Compare and contrast key facts about Surf Air Mobility Inc. (SRFM) and Simplify Volatility Premium ETF (SVOL).

SVOL is an actively managed fund by Simplify. It was launched on May 12, 2021.

Performance

SRFM vs. SVOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Surf Air Mobility Inc. (SRFM) and Simplify Volatility Premium ETF (SVOL). The values are adjusted to include any dividend payments, if applicable.

SRFM vs. SVOL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SRFM Surf Air Mobility Inc.	-40.72%	-64.01%	-50.32%	-50.79%
SVOL Simplify Volatility Premium ETF	-7.62%	2.41%	6.77%	6.83%

Returns By Period

In the year-to-date period, SRFM achieves a -40.72% return, which is significantly lower than SVOL's -7.62% return.

SRFM

• 1D: 8.49%
• 1M: -41.03%
• YTD: -40.72%
• 6M: -73.19%
• 1Y: -56.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SVOL

• 1D: 0.33%
• 1M: -6.42%
• YTD: -7.62%
• 6M: -5.90%
• 1Y: 3.26%
• 3Y*: 6.17%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SRFM vs. SVOL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SRFM

SRFM Risk / Return Rank: 24
SRFM Sharpe Ratio Rank: 24
SRFM Sortino Ratio Rank: 32
SRFM Omega Ratio Rank: 32
SRFM Calmar Ratio Rank: 15
SRFM Martin Ratio Rank: 19

SVOL

SVOL Risk / Return Rank: 16
SVOL Sharpe Ratio Rank: 13
SVOL Sortino Ratio Rank: 17
SVOL Omega Ratio Rank: 17
SVOL Calmar Ratio Rank: 15
SVOL Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SRFM vs. SVOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Surf Air Mobility Inc. (SRFM) 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.

	SRFM	SVOL	Difference
Sharpe ratio Return per unit of total volatility	-0.39	0.08	-0.47
Sortino ratio Return per unit of downside risk	0.11	0.43	-0.32
Omega ratio Gain probability vs. loss probability	1.01	1.06	-0.05
Calmar ratio Return relative to maximum drawdown	-0.74	0.16	-0.91
Martin ratio Return relative to average drawdown	-1.18	0.53	-1.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SRFM vs. SVOL - Sharpe Ratio Comparison

The current SRFM Sharpe Ratio is -0.39, which is lower than the SVOL Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of SRFM and SVOL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SRFM	SVOL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.39	0.08	-0.47
Sharpe Ratio (All Time) Calculated using the full available price history	-0.44	0.28	-0.72

Correlation

The correlation between SRFM and SVOL is 0.25, 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

SRFM vs. SVOL - Dividend Comparison

SRFM has not paid dividends to shareholders, while SVOL's dividend yield for the trailing twelve months is around 23.07%.

	TTM	2025	2024	2023	2022	2021
SRFM Surf Air Mobility Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SVOL Simplify Volatility Premium ETF	23.07%	19.82%	16.79%	16.36%	18.32%	4.65%

Drawdowns

SRFM vs. SVOL - Drawdown Comparison

The maximum SRFM drawdown since its inception was -95.69%, which is greater than SVOL's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for SRFM and SVOL.

Drawdown Indicators

	SRFM	SVOL	Difference
Max Drawdown Largest peak-to-trough decline	-95.69%	-33.50%	-62.19%
Max Drawdown (1Y) Largest decline over 1 year	-87.95%	-24.73%	-63.22%
Current Drawdown Current decline from peak	-94.78%	-10.01%	-84.77%
Average Drawdown Average peak-to-trough decline	-79.49%	-4.74%	-74.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	55.62%	7.49%	+48.13%

Volatility

SRFM vs. SVOL - Volatility Comparison

Surf Air Mobility Inc. (SRFM) has a higher volatility of 31.03% compared to Simplify Volatility Premium ETF (SVOL) at 4.20%. This indicates that SRFM'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.

Volatility by Period

	SRFM	SVOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.03%	4.20%	+26.83%
Volatility (6M) Calculated over the trailing 6-month period	68.78%	13.82%	+54.96%
Volatility (1Y) Calculated over the trailing 1-year period	148.88%	38.84%	+110.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	154.01%	22.27%	+131.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	154.01%	22.27%	+131.74%