SVOL vs. PINK

Last updated Jun 14, 2026

SVOL (Simplify Volatility Premium ETF) and PINK (Simplify Health Care ETF) are both exchange-traded funds - SVOL is a Volatility fund actively managed by Simplify, while PINK is a Health & Biotech Equities fund actively managed by Simplify. Both are actively managed. Over the past 3 years, SVOL returned 5.92%/yr vs 13.34%/yr for PINK. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.

Performance

SVOL vs. PINK - Performance Comparison

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

Returns By Period

In the year-to-date period, SVOL achieves a -0.84% return, which is significantly lower than PINK's 1.52% return.

SVOL

• 1D: 1.14%
• 1M: 1.70%
• YTD: -0.84%
• 6M: 0.96%
• 1Y: 14.90%
• 3Y*: 5.92%
• 5Y*: 6.22%
• 10Y*: —

PINK

• 1D: -0.16%
• 1M: 0.05%
• YTD: 1.52%
• 6M: 0.42%
• 1Y: 26.02%
• 3Y*: 13.34%
• 5Y*: —
• 10Y*: —

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

SVOL vs. PINK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SVOL Simplify Volatility Premium ETF	-0.84%	2.41%	6.77%	22.88%	-3.30%	3.02%
PINK Simplify Health Care ETF	1.52%	24.34%	8.81%	3.80%	-4.41%	11.45%

Correlation

The correlation between SVOL and PINK is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (All Time) Calculated using the full available price history since Oct 8, 2021	0.54

The correlation between SVOL and PINK has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.

Return for Risk

SVOL vs. PINK — Risk / Return Rank

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

SVOL

SVOL Risk / Return Rank: 19
SVOL Sharpe Ratio Rank: 18
SVOL Sortino Ratio Rank: 18
SVOL Omega Ratio Rank: 19
SVOL Calmar Ratio Rank: 20
SVOL Martin Ratio Rank: 19

PINK

PINK Risk / Return Rank: 40
PINK Sharpe Ratio Rank: 45
PINK Sortino Ratio Rank: 46
PINK Omega Ratio Rank: 41
PINK Calmar Ratio Rank: 35
PINK Martin Ratio Rank: 34

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. PINK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Volatility Premium ETF (SVOL) and Simplify Health Care ETF (PINK). 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	PINK	Difference
Sharpe ratio: Return per unit of total volatility	0.50	1.39	-0.89
Sortino ratio: Return per unit of downside risk	0.83	2.06	-1.23
Omega ratio: Gain probability vs. loss probability	1.11	1.24	-0.12
Calmar ratio: Return relative to maximum drawdown	0.80	1.53	-0.73
Martin ratio: Return relative to average drawdown	1.90	4.58	-2.68

SVOL vs. PINK - Sharpe Ratio Comparison

The current SVOL Sharpe Ratio is 0.50, which is lower than the PINK Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of SVOL and PINK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SVOL vs. PINK - Drawdown Comparison

The maximum SVOL drawdown since its inception was -33.50%, which is greater than PINK's maximum drawdown of -18.77%. Use the drawdown chart below to compare losses from any high point for SVOL and PINK.

Drawdown Indicators

	SVOL	PINK	Difference
Max Drawdown Largest peak-to-trough decline	-33.50%	-18.77%	-14.73%
Max Drawdown (1Y) Largest decline over 1 year	-13.01%	-16.81%	+3.80%
Max Drawdown (3Y) Largest decline over 3 years	-33.50%	-18.77%	-14.73%
Max Drawdown (5Y) Largest decline over 5 years	-33.50%	—	—
Current Drawdown Current decline from peak	-3.40%	-3.67%	+0.27%
Average Drawdown Average peak-to-trough decline	-4.76%	-6.72%	+1.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.50%	5.60%	-0.10%

Volatility

SVOL vs. PINK - Volatility Comparison

The current volatility for Simplify Volatility Premium ETF (SVOL) is 3.48%, while Simplify Health Care ETF (PINK) has a volatility of 5.68%. This indicates that SVOL experiences smaller price fluctuations and is considered to be less risky than PINK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVOL	PINK	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	5.68%	-2.20%
Volatility (6M) Calculated over the trailing 6-month period	9.95%	13.84%	-3.89%
Volatility (1Y) Calculated over the trailing 1-year period	20.81%	18.51%	+2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.01%	17.61%	+4.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.90%	17.61%	+4.29%

SVOL vs. PINK - Expense Ratio Comparison

Both SVOL and PINK have an expense ratio of 0.50%.

Dividends

SVOL vs. PINK - Dividend Comparison

SVOL's dividend yield for the trailing twelve months is around 22.19%, more than PINK's 0.67% yield.

Position	TTM	2025	2024	2023	2022	2021
PINK Simplify Health Care ETF	0.67%	0.68%	0.32%	0.94%	0.42%	0.04%
SVOL Simplify Volatility Premium ETF	22.19%	19.82%	16.79%	16.36%	18.32%	4.65%

Frequently Asked Questions

Can I hold both SVOL and PINK in my portfolio?

SVOL and PINK have a correlation of 0.46, 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 PINK?

PINK has higher volatility (5.68%) compared to SVOL (3.48%). In terms of maximum drawdown, SVOL dropped -33.50% vs PINK's -18.77%.

Which ETF is better, SVOL or PINK?

On 3-year performance, PINK leads with 13.34% vs 5.92% for SVOL. Both ETFs have the same 0.50% expense ratio. On volatility, SVOL has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SVOL or PINK?

Over the 3-year period, PINK has performed better with a 13.34% return vs 5.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SVOL or PINK?

SVOL and PINK have the same expense ratio: 0.50% per year.

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

SVOL has the higher dividend yield at 22.19%, compared with 0.67% for PINK.

What is the main difference between SVOL and PINK?

SVOL is categorized as Volatility, while PINK is Health & Biotech Equities.

Which has better risk-adjusted returns?

PINK currently has the higher Sharpe Ratio (1.39 vs 0.50), 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.