SVOL vs. SVXY
Compare and contrast key facts about Simplify Volatility Premium ETF (SVOL) and ProShares Short VIX Short-Term Futures ETF (SVXY).
SVOL and SVXY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SVOL is an actively managed fund by Simplify. It was launched on May 12, 2021. SVXY is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX Short-Term Futures Index (-100%). It was launched on Oct 3, 2011.
Performance
SVOL vs. SVXY - Performance Comparison
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SVOL vs. SVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SVOL Simplify Volatility Premium ETF | -7.62% | 2.41% | 6.77% | 22.88% | -3.30% | 12.25% |
SVXY ProShares Short VIX Short-Term Futures ETF | -16.45% | 10.63% | -3.17% | 76.21% | -4.66% | 31.94% |
Returns By Period
In the year-to-date period, SVOL achieves a -7.62% return, which is significantly higher than SVXY's -16.45% return.
SVOL
- 1D
- 0.33%
- 1M
- -6.42%
- YTD
- -7.62%
- 6M
- -5.90%
- 1Y
- 3.26%
- 3Y*
- 6.17%
- 5Y*
- —
- 10Y*
- —
SVXY
- 1D
- 1.03%
- 1M
- -10.83%
- YTD
- -16.45%
- 6M
- -9.40%
- 1Y
- 1.25%
- 3Y*
- 13.23%
- 5Y*
- 13.97%
- 10Y*
- -1.16%
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SVOL vs. SVXY - Expense Ratio Comparison
SVOL has a 0.50% expense ratio, which is lower than SVXY's 1.38% expense ratio.
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 | 0.08 | 0.03 | +0.05 |
Sortino ratioReturn per unit of downside risk | 0.43 | 0.30 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.05 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.16 | 0.04 | +0.12 |
Martin ratioReturn relative to average drawdown | 0.53 | 0.11 | +0.42 |
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 | 0.08 | 0.03 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.39 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.19 | +0.09 |
Correlation
The correlation between SVOL and SVXY is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SVOL vs. SVXY - Dividend Comparison
SVOL's dividend yield for the trailing twelve months is around 23.07%, while SVXY has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SVOL Simplify Volatility Premium ETF | 23.07% | 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% |
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 | -24.73% | -26.50% | +1.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -95.25% | — |
Current DrawdownCurrent decline from peak | -10.01% | -83.26% | +73.25% |
Average DrawdownAverage peak-to-trough decline | -4.74% | -56.58% | +51.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.49% | 9.82% | -2.33% |
Volatility
SVOL vs. SVXY - Volatility Comparison
The current volatility for Simplify Volatility Premium ETF (SVOL) is 4.20%, while ProShares Short VIX Short-Term Futures ETF (SVXY) has a volatility of 15.28%. 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 | 4.20% | 15.28% | -11.08% |
Volatility (6M)Calculated over the trailing 6-month period | 13.82% | 24.63% | -10.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.84% | 38.21% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.27% | 35.90% | -13.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.27% | 51.23% | -28.96% |