SVOL vs. IVOL
SVOL (Simplify Volatility Premium ETF) and IVOL (Quadratic Interest Rate Volatility & Inflation Hedge ETF) are both exchange-traded funds - SVOL is a Volatility fund actively managed by Simplify, while IVOL is a Inflation-Protected Bonds fund actively managed by CICC. Both are actively managed. Over the past 5 years, SVOL returned 6.50%/yr vs -5.92%/yr for IVOL. At a correlation of -0.05, they often move in opposite directions. SVOL charges 0.50%/yr vs 0.99%/yr for IVOL.
Performance
SVOL vs. IVOL - Performance Comparison
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Returns By Period
In the year-to-date period, SVOL achieves a -1.34% return, which is significantly higher than IVOL's -7.07% return.
SVOL
- 1D
- -1.98%
- 1M
- 2.02%
- YTD
- -1.34%
- 6M
- 0.46%
- 1Y
- 11.78%
- 3Y*
- 5.84%
- 5Y*
- 6.50%
- 10Y*
- —
IVOL
- 1D
- -0.90%
- 1M
- -4.18%
- YTD
- -7.07%
- 6M
- -7.22%
- 1Y
- -5.82%
- 3Y*
- -3.65%
- 5Y*
- -5.92%
- 10Y*
- —
SVOL vs. IVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SVOL Simplify Volatility Premium ETF | -1.34% | 2.41% | 6.77% | 22.88% | -3.30% | 12.25% |
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | -7.07% | 11.97% | -11.07% | -5.18% | -12.69% | -4.53% |
Correlation
The correlation between SVOL and IVOL is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since May 14, 2021 | -0.05 |
The correlation between SVOL and IVOL shifts across timeframes, from -0.15 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SVOL vs. IVOL — Risk / Return Rank
SVOL
IVOL
SVOL vs. IVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Volatility Premium ETF (SVOL) and Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL). 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 | IVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.87 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | -0.56 | +1.46 |
| Martin ratioReturn relative to average drawdown | 2.15 | -1.31 | +3.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SVOL | IVOL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | -0.85 | +1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | -0.46 | +0.76 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | -0.12 | +0.46 |
Drawdowns
SVOL vs. IVOL - Drawdown Comparison
The maximum SVOL drawdown since its inception was -33.50%, which is greater than IVOL's maximum drawdown of -31.16%. Use the drawdown chart below to compare losses from any high point for SVOL and IVOL.
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Drawdown Indicators
| SVOL | IVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.50% | -31.16% | -2.34% |
Max Drawdown (1Y)Largest decline over 1 year | -13.01% | -10.52% | -2.49% |
Max Drawdown (3Y)Largest decline over 3 years | -33.50% | -16.02% | -17.48% |
Max Drawdown (5Y)Largest decline over 5 years | -33.50% | -30.62% | -2.88% |
Current DrawdownCurrent decline from peak | -3.89% | -26.91% | +23.02% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -13.31% | +8.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.49% | 4.46% | +1.03% |
Volatility
SVOL vs. IVOL - Volatility Comparison
Simplify Volatility Premium ETF (SVOL) has a higher volatility of 2.74% compared to Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) at 1.31%. This indicates that SVOL's price experiences larger fluctuations and is considered to be riskier than IVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SVOL | IVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 1.31% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.81% | 4.52% | +5.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.95% | 6.94% | +14.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.00% | 12.84% | +9.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.93% | 11.99% | +9.94% |
SVOL vs. IVOL - Expense Ratio Comparison
SVOL has a 0.50% expense ratio, which is lower than IVOL's 0.99% expense ratio.
Dividends
SVOL vs. IVOL - Dividend Comparison
SVOL's dividend yield for the trailing twelve months is around 22.31%, more than IVOL's 3.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | 3.93% | 3.61% | 3.83% | 3.73% | 3.92% | 3.93% | 3.44% | 2.02% |
SVOL Simplify Volatility Premium ETF | 22.31% | 19.82% | 16.79% | 16.36% | 18.32% | 4.65% | 0.00% | 0.00% |
Frequently Asked Questions
SVOL and IVOL have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SVOL has higher volatility (2.74%) compared to IVOL (1.31%). In terms of maximum drawdown, SVOL dropped -33.50% vs IVOL's -31.16%.
On 5-year performance, SVOL leads with 6.50% vs -5.92% for IVOL. On fees, SVOL is cheaper at 0.50% per year. On volatility, IVOL has been the lower-risk option at 1.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SVOL has performed better with a 6.50% return vs -5.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SVOL is cheaper with a 0.50% expense ratio, compared with 0.99% for IVOL.
SVOL has the higher dividend yield at 22.31%, compared with 3.93% for IVOL.
SVOL is categorized as Volatility, while IVOL is Inflation-Protected Bonds. They also come from different issuers: Simplify and CICC. Their fees differ too: 0.50% for SVOL and 0.99% for IVOL.
SVOL currently has the higher Sharpe Ratio (0.57 vs -0.85), 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.
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