SVOL vs. NIHI

Last updated Jun 16, 2026

SVOL (Simplify Volatility Premium ETF) and NIHI (NEOS MSCI EAFE High Income ETF) are both exchange-traded funds - SVOL is a Volatility fund actively managed by Simplify, while NIHI is a Derivative Income fund actively managed by Neos. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. SVOL charges 0.50%/yr vs 0.68%/yr for NIHI.

Performance

SVOL vs. NIHI - Performance Comparison

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

Returns By Period

In the year-to-date period, SVOL achieves a 1.27% return, which is significantly lower than NIHI's 7.22% return.

SVOL

• 1D: 2.13%
• 1M: 3.87%
• YTD: 1.27%
• 6M: 3.12%
• 1Y: 17.35%
• 3Y*: 6.53%
• 5Y*: 6.92%
• 10Y*: —

NIHI

• 1D: 0.75%
• 1M: 3.45%
• YTD: 7.22%
• 6M: 8.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SVOL vs. NIHI - Yearly Performance Comparison

	2026 (YTD)	2025
SVOL Simplify Volatility Premium ETF	1.27%	3.85%
NIHI NEOS MSCI EAFE High Income ETF	7.22%	4.89%

Correlation

The correlation between SVOL and NIHI is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025	0.56

Return for Risk

SVOL vs. NIHI — Risk / Return Rank

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

SVOL

SVOL Risk / Return Rank: 27
SVOL Sharpe Ratio Rank: 26
SVOL Sortino Ratio Rank: 26
SVOL Omega Ratio Rank: 29
SVOL Calmar Ratio Rank: 30
SVOL Martin Ratio Rank: 26

NIHI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. NIHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Volatility Premium ETF (SVOL) and NEOS MSCI EAFE High Income ETF (NIHI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SVOL	NIHI	Difference
Sharpe ratio: Return per unit of total volatility	0.85	—	—
Sortino ratio: Return per unit of downside risk	1.31	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.34	—	—
Martin ratio: Return relative to average drawdown	3.20	—	—

Drawdowns

SVOL vs. NIHI - Drawdown Comparison

The maximum SVOL drawdown since its inception was -33.50%, which is greater than NIHI's maximum drawdown of -10.88%. Use the drawdown chart below to compare losses from any high point for SVOL and NIHI.

Drawdown Indicators

	SVOL	NIHI	Difference
Max Drawdown Largest peak-to-trough decline	-33.50%	-10.88%	-22.62%
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	-1.34%	0.00%	-1.34%
Average Drawdown Average peak-to-trough decline	-4.76%	-2.34%	-2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.44%	—	—

Volatility

Volatility by Period

	SVOL	NIHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.54%	15.34%	+5.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.03%	15.34%	+6.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.91%	15.34%	+6.57%

SVOL vs. NIHI - Expense Ratio Comparison

SVOL has a 0.50% expense ratio, which is lower than NIHI's 0.68% expense ratio.

Dividends

SVOL vs. NIHI - Dividend Comparison

SVOL's dividend yield for the trailing twelve months is around 21.73%, more than NIHI's 7.73% yield.

Position	TTM	2025	2024	2023	2022	2021
NIHI NEOS MSCI EAFE High Income ETF	7.73%	3.44%	0.00%	0.00%	0.00%	0.00%
SVOL Simplify Volatility Premium ETF	21.73%	19.82%	16.79%	16.36%	18.32%	4.65%

Frequently Asked Questions

Can I hold both SVOL and NIHI in my portfolio?

SVOL and NIHI have a correlation of 0.56, 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 NIHI?

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 NIHI?

SVOL is cheaper with a 0.50% expense ratio, compared with 0.68% for NIHI.

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

SVOL has the higher dividend yield at 21.73%, compared with 7.73% for NIHI.

What is the main difference between SVOL and NIHI?

SVOL is categorized as Volatility, while NIHI is Derivative Income. They also come from different issuers: Simplify and Neos. Their fees differ too: 0.50% for SVOL and 0.68% for NIHI.