SVOL vs. VIXM
SVOL (Simplify Volatility Premium ETF) and VIXM (ProShares VIX Mid-Term Futures ETF) are both Volatility funds. SVOL is actively managed, while VIXM is passively managed. Over the past 5 years, SVOL returned 6.94%/yr vs -14.51%/yr for VIXM. Their -0.77 correlation means they have often moved in opposite directions in the past. SVOL charges 0.50%/yr vs 0.85%/yr for VIXM.
Performance
SVOL vs. VIXM - Performance Comparison
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Returns By Period
In the year-to-date period, SVOL achieves a 1.82% return, which is significantly higher than VIXM's -5.24% return.
SVOL
- 1D
- 1.15%
- 1M
- 0.58%
- 6M
- 0.98%
- YTD
- 1.82%
- 1Y
- 18.14%
- 3Y*
- 5.94%
- 5Y*
- 6.94%
- 10Y*
- —
- ALL TIME*
- 7.96%
VIXM
- 1D
- -0.69%
- 1M
- 1.05%
- 6M
- -5.55%
- YTD
- -5.24%
- 1Y
- -15.13%
- 3Y*
- -9.59%
- 5Y*
- -14.51%
- 10Y*
- -11.39%
- ALL TIME*
- -18.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.50M | $3.83M | $4.52M | |
| $5.30M | $4.78M | $4.32M |
SVOL vs. VIXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SVOL Simplify Volatility Premium ETF | 1.82% | 2.41% | 6.77% | 22.88% | -3.30% | 12.70% |
VIXM ProShares VIX Mid-Term Futures ETF | -5.24% | 5.60% | -13.67% | -44.83% | -0.69% | -17.56% |
Correlation
The correlation between SVOL and VIXM is -0.75, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.75 |
Correlation (3Y) Balances recent behavior with more history. | -0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.76 |
Correlation (All Time) Calculated using the full available price history since May 13, 2021 | -0.77 |
The correlation between SVOL and VIXM has been stable across timeframes, ranging from -0.77 to -0.72 - a consistent structural relationship.
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Return for Risk
SVOL vs. VIXM — Risk / Return Rank
SVOL
VIXM
SVOL vs. VIXM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Volatility Premium ETF (SVOL) and ProShares VIX Mid-Term Futures ETF (VIXM). 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 | VIXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.89 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | -0.71 | +2.08 |
| Martin ratioReturn relative to average drawdown | 4.00 | -1.36 | +5.35 |
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Drawdowns
SVOL vs. VIXM - Drawdown Comparison
The maximum SVOL drawdown since its inception was -33.50%, smaller than the maximum VIXM drawdown of -96.23%. Use the drawdown chart below to compare losses from any high point for SVOL and VIXM.
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Drawdown Indicators
| SVOL | VIXM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.50% | -96.23% | +62.73% |
Max Drawdown (1Y)Largest decline over 1 year | -11.42% | -19.36% | +7.94% |
Max Drawdown (3Y)Largest decline over 3 years | -33.50% | -37.26% | +3.76% |
Max Drawdown (5Y)Largest decline over 5 years | -33.50% | -63.40% | +29.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.34% | — |
Current DrawdownCurrent decline from peak | -1.33% | -96.03% | +94.70% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -81.64% | +76.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 10.14% | -6.22% |
Volatility
SVOL vs. VIXM - Volatility Comparison
Simplify Volatility Premium ETF (SVOL) has a higher volatility of 4.16% compared to ProShares VIX Mid-Term Futures ETF (VIXM) at 3.08%. This indicates that SVOL's price experiences larger fluctuations and is considered to be riskier than VIXM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SVOL | VIXM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 3.08% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | 13.78% | -4.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.23% | 18.49% | -1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.96% | 30.50% | -8.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.74% | 32.61% | -10.87% |
SVOL vs. VIXM - Expense Ratio Comparison
SVOL has a 0.50% expense ratio, which is lower than VIXM's 0.85% expense ratio.
Dividends
SVOL vs. VIXM - Dividend Comparison
SVOL's dividend yield for the trailing twelve months is around 22.14%, while VIXM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
SVOL Simplify Volatility Premium ETF | 22.14% | 19.82% | 16.79% | 16.36% | 18.32% | 4.65% |
VIXM ProShares VIX Mid-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SVOL and VIXM have a correlation of -0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SVOL has higher volatility (4.16%) compared to VIXM (3.08%). In terms of maximum drawdown, SVOL dropped -33.50% vs VIXM's -96.23%.
On 5-year performance, SVOL leads with 6.94% vs -14.51% for VIXM. On fees, SVOL is cheaper at 0.50% per year. On volatility, VIXM has been the lower-risk option at 3.08%. 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 6.94% return vs -14.51%. 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 0.85% for VIXM.
SVOL has the higher dividend yield at 22.14%, compared with 0.00% for VIXM.
They also come from different issuers: Simplify and ProShares. Their fees differ too: 0.50% for SVOL and 0.85% for VIXM.
SVOL currently has the higher Sharpe Ratio (0.91 vs -0.74), 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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