SVIX vs. TYA

Last updated Apr 1, 2026

Compare and contrast key facts about Volatility Shares -1x Short VIX Futures ETF (SVIX) and Simplify Intermediate Term Treasury Futures Strategy ETF (TYA).

SVIX and TYA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SVIX is managed by Volatility Shares. It was launched on Mar 28, 2022. TYA is an actively managed fund by Simplify. It was launched on Sep 27, 2021.

Performance

SVIX vs. TYA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Volatility Shares -1x Short VIX Futures ETF (SVIX) and Simplify Intermediate Term Treasury Futures Strategy ETF (TYA). The values are adjusted to include any dividend payments, if applicable.

SVIX vs. TYA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SVIX Volatility Shares -1x Short VIX Futures ETF	-35.16%	-4.49%	-32.76%	157.37%	-0.88%
TYA Simplify Intermediate Term Treasury Futures Strategy ETF	-2.16%	14.38%	-9.63%	-2.23%	-23.44%

Returns By Period

In the year-to-date period, SVIX achieves a -35.16% return, which is significantly lower than TYA's -2.16% return.

SVIX

• 1D: 9.17%
• 1M: -25.51%
• YTD: -35.16%
• 6M: -26.52%
• 1Y: -22.76%
• 3Y*: -1.64%
• 5Y*: —
• 10Y*: —

TYA

• 1D: 0.61%
• 1M: -6.44%
• YTD: -2.16%
• 6M: -1.74%
• 1Y: 3.01%
• 3Y*: -3.01%
• 5Y*: —
• 10Y*: —

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

SVIX vs. TYA - Expense Ratio Comparison

SVIX has a 1.47% expense ratio, which is higher than TYA's 0.17% expense ratio.

SVIX

Volatility Shares -1x Short VIX Futures ETF

TYA

Simplify Intermediate Term Treasury Futures Strategy ETF

Return for Risk

SVIX vs. TYA — Risk / Return Rank

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

SVIX

SVIX Risk / Return Rank: 8
SVIX Sharpe Ratio Rank: 7
SVIX Sortino Ratio Rank: 11
SVIX Omega Ratio Rank: 11
SVIX Calmar Ratio Rank: 5
SVIX Martin Ratio Rank: 4

TYA

TYA Risk / Return Rank: 18
TYA Sharpe Ratio Rank: 18
TYA Sortino Ratio Rank: 17
TYA Omega Ratio Rank: 16
TYA Calmar Ratio Rank: 21
TYA Martin Ratio Rank: 19

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.

SVIX vs. TYA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares -1x Short VIX Futures ETF (SVIX) and Simplify Intermediate Term Treasury Futures Strategy ETF (TYA). 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.

	SVIX	TYA	Difference
Sharpe ratio Return per unit of total volatility	-0.31	0.21	-0.52
Sortino ratio Return per unit of downside risk	0.05	0.40	-0.35
Omega ratio Gain probability vs. loss probability	1.01	1.05	-0.04
Calmar ratio Return relative to maximum drawdown	-0.45	0.41	-0.86
Martin ratio Return relative to average drawdown	-1.03	1.00	-2.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SVIX vs. TYA - Sharpe Ratio Comparison

The current SVIX Sharpe Ratio is -0.31, which is lower than the TYA Sharpe Ratio of 0.21. The chart below compares the historical Sharpe Ratios of SVIX and TYA, 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

	SVIX	TYA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.31	0.21	-0.52
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	-0.50	+0.52

Correlation

The correlation between SVIX and TYA is 0.03, 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

SVIX vs. TYA - Dividend Comparison

SVIX has not paid dividends to shareholders, while TYA's dividend yield for the trailing twelve months is around 3.81%.

	TTM	2025	2024	2023	2022	2021
SVIX Volatility Shares -1x Short VIX Futures ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TYA Simplify Intermediate Term Treasury Futures Strategy ETF	3.81%	3.85%	4.84%	4.28%	2.23%	0.11%

Drawdowns

SVIX vs. TYA - Drawdown Comparison

The maximum SVIX drawdown since its inception was -79.30%, which is greater than TYA's maximum drawdown of -51.15%. Use the drawdown chart below to compare losses from any high point for SVIX and TYA.

Drawdown Indicators

	SVIX	TYA	Difference
Max Drawdown Largest peak-to-trough decline	-79.30%	-51.15%	-28.15%
Max Drawdown (1Y) Largest decline over 1 year	-49.47%	-8.86%	-40.61%
Current Drawdown Current decline from peak	-69.03%	-39.69%	-29.34%
Average Drawdown Average peak-to-trough decline	-30.26%	-35.67%	+5.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.52%	3.64%	+17.88%

Volatility

SVIX vs. TYA - Volatility Comparison

Volatility Shares -1x Short VIX Futures ETF (SVIX) has a higher volatility of 29.79% compared to Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) at 5.09%. This indicates that SVIX's price experiences larger fluctuations and is considered to be riskier than TYA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVIX	TYA	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.79%	5.09%	+24.70%
Volatility (6M) Calculated over the trailing 6-month period	47.49%	8.55%	+38.94%
Volatility (1Y) Calculated over the trailing 1-year period	74.62%	14.40%	+60.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.26%	20.83%	+46.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.26%	20.83%	+46.43%