SVOL vs. CTA

Last updated Jun 4, 2026

SVOL (Simplify Volatility Premium ETF) and CTA (Simplify Managed Futures Strategy ETF) are both exchange-traded funds - SVOL is a Volatility fund actively managed by Simplify, while CTA is a Systematic Trend fund actively managed by Simplify. Both are actively managed. Over the past 3 years, SVOL returned 6.58%/yr vs 11.79%/yr for CTA. At a correlation of -0.09, they often move in opposite directions. SVOL charges 0.50%/yr vs 0.78%/yr for CTA.

Performance

SVOL vs. CTA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Volatility Premium ETF (SVOL) and Simplify Managed Futures Strategy ETF (CTA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SVOL achieves a -0.40% return, which is significantly lower than CTA's 12.30% return.

SVOL

• 1D: -0.12%
• 1M: 2.98%
• YTD: -0.40%
• 6M: 1.29%
• 1Y: 10.62%
• 3Y*: 6.58%
• 5Y*: 6.70%
• 10Y*: —

CTA

• 1D: 0.54%
• 1M: -7.86%
• YTD: 12.30%
• 6M: 13.80%
• 1Y: 15.57%
• 3Y*: 11.79%
• 5Y*: —
• 10Y*: —

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

SVOL vs. CTA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SVOL Simplify Volatility Premium ETF	-0.40%	2.41%	6.77%	22.88%	9.86%
CTA Simplify Managed Futures Strategy ETF	12.30%	0.88%	24.15%	-2.23%	9.55%

Correlation

The correlation between SVOL and CTA is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Mar 9, 2022	-0.09

SVOL vs. CTA - Sectors Allocation Comparison

Sectors	SVOL	CTA
Technology	31.9%	-
Financial Services	11.4%	-49.1%
Industrials	11.4%	-
Healthcare	11.0%	-
Consumer Cyclical	9.4%	-
Communication Services	7.4%	-
Consumer Defensive	5.1%	-
Energy	4.8%	-
Real Estate	2.8%	-
Basic Materials	2.5%	-
Utilities	2.3%	-

Return for Risk

SVOL vs. CTA — Risk / Return Rank

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

SVOL

SVOL Risk / Return Rank: 18
SVOL Sharpe Ratio Rank: 16
SVOL Sortino Ratio Rank: 16
SVOL Omega Ratio Rank: 18
SVOL Calmar Ratio Rank: 19
SVOL Martin Ratio Rank: 18

CTA

CTA Risk / Return Rank: 24
CTA Sharpe Ratio Rank: 22
CTA Sortino Ratio Rank: 20
CTA Omega Ratio Rank: 22
CTA Calmar Ratio Rank: 29
CTA Martin Ratio Rank: 26

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.

SVOL vs. CTA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Volatility Premium ETF (SVOL) and Simplify Managed Futures Strategy ETF (CTA). 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.

	SVOL	CTA	Difference
Sharpe ratio: Return per unit of total volatility	0.51	0.78	-0.27
Sortino ratio: Return per unit of downside risk	0.85	1.12	-0.26
Omega ratio: Gain probability vs. loss probability	1.12	1.15	-0.03
Calmar ratio: Return relative to maximum drawdown	0.82	1.42	-0.60
Martin ratio: Return relative to average drawdown	1.94	3.72	-1.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SVOL vs. CTA - Sharpe Ratio Comparison

The current SVOL Sharpe Ratio is 0.51, which is lower than the CTA Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of SVOL and CTA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SVOL	CTA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.51	0.78	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.62	-0.26

Drawdowns

SVOL vs. CTA - Drawdown Comparison

The maximum SVOL drawdown since its inception was -33.50%, which is greater than CTA's maximum drawdown of -18.07%. Use the drawdown chart below to compare losses from any high point for SVOL and CTA.

Drawdown Indicators

	SVOL	CTA	Difference
Max Drawdown Largest peak-to-trough decline	-33.50%	-18.07%	-15.43%
Max Drawdown (1Y) Largest decline over 1 year	-13.01%	-11.00%	-2.01%
Max Drawdown (3Y) Largest decline over 3 years	-33.50%	-11.23%	-22.27%
Max Drawdown (5Y) Largest decline over 5 years	-33.50%	—	—
Current Drawdown Current decline from peak	-2.98%	-7.86%	+4.88%
Average Drawdown Average peak-to-trough decline	-4.77%	-5.67%	+0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.49%	4.19%	+1.30%

Volatility

SVOL vs. CTA - Volatility Comparison

The current volatility for Simplify Volatility Premium ETF (SVOL) is 1.41%, while Simplify Managed Futures Strategy ETF (CTA) has a volatility of 7.76%. This indicates that SVOL experiences smaller price fluctuations and is considered to be less risky than CTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVOL	CTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	7.76%	-6.35%
Volatility (6M) Calculated over the trailing 6-month period	9.57%	17.30%	-7.73%
Volatility (1Y) Calculated over the trailing 1-year period	20.90%	20.12%	+0.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.99%	16.58%	+5.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.92%	16.58%	+5.34%

SVOL vs. CTA - Expense Ratio Comparison

SVOL has a 0.50% expense ratio, which is lower than CTA's 0.78% expense ratio.

Dividends

SVOL vs. CTA - Dividend Comparison

SVOL's dividend yield for the trailing twelve months is around 22.10%, more than CTA's 4.85% yield.

Position	TTM	2025	2024	2023	2022	2021
CTA Simplify Managed Futures Strategy ETF	4.85%	3.19%	4.80%	7.78%	6.58%	0.00%
SVOL Simplify Volatility Premium ETF	22.10%	19.82%	16.79%	16.36%	18.32%	4.65%

Frequently Asked Questions

Can I hold both SVOL and CTA in my portfolio?

SVOL and CTA have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SVOL or CTA?

CTA has higher volatility (7.76%) compared to SVOL (1.41%). In terms of maximum drawdown, SVOL dropped -33.50% vs CTA's -18.07%.

Which ETF is better, SVOL or CTA?

On 3-year performance, CTA leads with 11.79% vs 6.58% for SVOL. On fees, SVOL is cheaper at 0.50% per year. On volatility, SVOL has been the lower-risk option at 1.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SVOL or CTA?

Over the 3-year period, CTA has performed better with a 11.79% return vs 6.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SVOL or CTA?

SVOL is cheaper with a 0.50% expense ratio, compared with 0.78% for CTA.

Which ETF pays a higher dividend yield, SVOL or CTA?

SVOL has the higher dividend yield at 22.10%, compared with 4.85% for CTA.

What is the main difference between SVOL and CTA?

SVOL is categorized as Volatility, while CTA is Systematic Trend. Their fees differ too: 0.50% for SVOL and 0.78% for CTA.

Which has better risk-adjusted returns?

CTA currently has the higher Sharpe Ratio (0.78 vs 0.51), 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.