SVOL vs. SVXY
SVOL (Simplify Volatility Premium ETF) and SVXY (ProShares Short VIX Short-Term Futures ETF) are both Volatility funds. SVOL is actively managed, while SVXY is passively managed. Over the past 5 years, SVOL returned 6.50%/yr vs 15.29%/yr for SVXY. Their correlation of 0.84 suggests significant overlap in exposure. SVOL charges 0.50%/yr vs 1.38%/yr for SVXY.
Performance
SVOL vs. SVXY - 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 SVXY's -2.91% return.
SVOL
- 1D
- -1.98%
- 1M
- 2.02%
- YTD
- -1.34%
- 6M
- 0.46%
- 1Y
- 11.78%
- 3Y*
- 5.84%
- 5Y*
- 6.50%
- 10Y*
- —
SVXY
- 1D
- -3.72%
- 1M
- 4.98%
- YTD
- -2.91%
- 6M
- 4.21%
- 1Y
- 31.76%
- 3Y*
- 10.93%
- 5Y*
- 15.29%
- 10Y*
- -1.90%
SVOL vs. SVXY - 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% |
SVXY ProShares Short VIX Short-Term Futures ETF | -2.91% | 10.63% | -3.17% | 76.21% | -4.66% | 31.94% |
Correlation
The correlation between SVOL and SVXY is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 14, 2021 | 0.84 |
The correlation between SVOL and SVXY shifts across timeframes, from 0.73 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SVOL vs. SVXY — Risk / Return Rank
SVOL
SVXY
SVOL vs. SVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Volatility Premium ETF (SVOL) and ProShares Short VIX Short-Term Futures ETF (SVXY). 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 | SVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.22 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 1.39 | -0.48 |
| Martin ratioReturn relative to average drawdown | 2.15 | 4.54 | -2.39 |
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 | SVXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 1.10 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.43 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.21 | +0.13 |
Drawdowns
SVOL vs. SVXY - Drawdown Comparison
The maximum SVOL drawdown since its inception was -33.50%, smaller than the maximum SVXY drawdown of -95.25%. Use the drawdown chart below to compare losses from any high point for SVOL and SVXY.
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Drawdown Indicators
| SVOL | SVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.50% | -95.25% | +61.75% |
Max Drawdown (1Y)Largest decline over 1 year | -13.01% | -22.94% | +9.93% |
Max Drawdown (3Y)Largest decline over 3 years | -33.50% | -46.45% | +12.95% |
Max Drawdown (5Y)Largest decline over 5 years | -33.50% | -46.45% | +12.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -95.25% | — |
Current DrawdownCurrent decline from peak | -3.89% | -80.55% | +76.66% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -56.88% | +52.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.49% | 7.01% | -1.52% |
Volatility
SVOL vs. SVXY - Volatility Comparison
The current volatility for Simplify Volatility Premium ETF (SVOL) is 2.74%, while ProShares Short VIX Short-Term Futures ETF (SVXY) has a volatility of 5.81%. This indicates that SVOL experiences smaller price fluctuations and is considered to be less risky than SVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SVOL | SVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 5.81% | -3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.81% | 21.82% | -12.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.95% | 28.91% | -7.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.00% | 35.39% | -13.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.93% | 50.76% | -28.83% |
SVOL vs. SVXY - Expense Ratio Comparison
SVOL has a 0.50% expense ratio, which is lower than SVXY's 1.38% expense ratio.
Dividends
SVOL vs. SVXY - Dividend Comparison
SVOL's dividend yield for the trailing twelve months is around 22.31%, while SVXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
SVOL Simplify Volatility Premium ETF | 22.31% | 19.82% | 16.79% | 16.36% | 18.32% | 4.65% |
SVXY ProShares Short VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SVOL and SVXY have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SVXY has higher volatility (5.81%) compared to SVOL (2.74%). In terms of maximum drawdown, SVOL dropped -33.50% vs SVXY's -95.25%.
On 5-year performance, SVXY leads with 15.29% vs 6.50% for SVOL. On fees, SVOL is cheaper at 0.50% per year. On volatility, SVOL has been the lower-risk option at 2.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SVXY has performed better with a 15.29% return vs 6.50%. 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 1.38% for SVXY.
SVOL has the higher dividend yield at 22.31%, compared with 0.00% for SVXY.
They also come from different issuers: Simplify and ProShares. Their fees differ too: 0.50% for SVOL and 1.38% for SVXY.
SVXY currently has the higher Sharpe Ratio (1.10 vs 0.57), 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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