SVOL vs. HYLD

Last updated Jun 4, 2026

SVOL (Simplify Volatility Premium ETF) and HYLD (High Yield ETF) are both exchange-traded funds - SVOL is a Volatility fund actively managed by Simplify, while HYLD is a High Yield Bonds fund actively managed by Eve Capital. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. SVOL charges 0.50%/yr vs 1.29%/yr for HYLD.

Performance

SVOL vs. HYLD - Performance Comparison

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

Returns By Period

SVOL

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

HYLD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SVOL vs. HYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SVOL Simplify Volatility Premium ETF	-0.40%	2.41%	6.77%	22.88%	-3.30%	12.25%
HYLD High Yield ETF	0.00%	0.00%	0.00%	2.80%	-11.48%	1.50%

Correlation

The correlation between SVOL and HYLD is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since May 14, 2021	0.17

The correlation between SVOL and HYLD shifts across timeframes, from 0.05 (3 years) to 0.17 (all time), reflecting how their relationship changes across market environments.

SVOL vs. HYLD - Sectors Allocation Comparison

Sectors	SVOL	HYLD
Technology	31.9%	34.8%
Financial Services	11.4%	0.5%
Industrials	11.4%	3.4%
Healthcare	11.0%	5.0%
Consumer Cyclical	9.4%	9.6%
Communication Services	7.4%	10.8%
Consumer Defensive	5.1%	4.7%
Energy	4.8%	29.9%
Real Estate	2.8%	0.2%
Basic Materials	2.5%	0.0%
Utilities	2.3%	1.1%

Return for Risk

SVOL vs. HYLD — 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

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. HYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Volatility Premium ETF (SVOL) and High Yield ETF (HYLD). 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	HYLD	Difference
Sharpe ratio: Return per unit of total volatility	0.51	—	—
Sortino ratio: Return per unit of downside risk	0.85	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.82	—	—
Martin ratio: Return relative to average drawdown	1.94	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SVOL	HYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.51	—	—
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	—	—

Drawdowns

Drawdown Indicators

	SVOL	HYLD	Difference
Max Drawdown Largest peak-to-trough decline	-33.50%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.01%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-33.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.50%	—	—
Current Drawdown Current decline from peak	-2.98%	—	—
Average Drawdown Average peak-to-trough decline	-4.77%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.49%	—	—

Volatility

Volatility by Period

	SVOL	HYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.90%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.99%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.92%	—	—

SVOL vs. HYLD - Expense Ratio Comparison

SVOL has a 0.50% expense ratio, which is lower than HYLD's 1.29% expense ratio.

Dividends

SVOL vs. HYLD - Dividend Comparison

SVOL's dividend yield for the trailing twelve months is around 22.10%, while HYLD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYLD High Yield ETF	0.00%	0.00%	0.00%	4.67%	7.86%	6.45%	7.52%	7.46%	7.97%	7.18%	6.59%	10.87%
SVOL Simplify Volatility Premium ETF	22.10%	19.82%	16.79%	16.36%	18.32%	4.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SVOL and HYLD in my portfolio?

SVOL and HYLD have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SVOL or HYLD?

On fees, SVOL is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SVOL or HYLD?

SVOL is cheaper with a 0.50% expense ratio, compared with 1.29% for HYLD.

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

SVOL has the higher dividend yield at 22.10%, compared with 0.00% for HYLD.

What is the main difference between SVOL and HYLD?

SVOL is categorized as Volatility, while HYLD is High Yield Bonds. They also come from different issuers: Simplify and Eve Capital. Their fees differ too: 0.50% for SVOL and 1.29% for HYLD.