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 6.70%/yr vs -13.49%/yr for VIXM. At a correlation of -0.77, they often move in opposite directions. 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 -0.40% return, which is significantly lower than VIXM's 1.31% return.
SVOL
- 1D
- -0.12%
- 1M
- 2.98%
- YTD
- -0.40%
- 6M
- 1.29%
- 1Y
- 10.62%
- 3Y*
- 6.58%
- 5Y*
- 6.70%
- 10Y*
- —
VIXM
- 1D
- 0.39%
- 1M
- -2.34%
- YTD
- 1.31%
- 6M
- -2.83%
- 1Y
- -8.35%
- 3Y*
- -13.22%
- 5Y*
- -13.49%
- 10Y*
- -11.17%
SVOL vs. VIXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SVOL Simplify Volatility Premium ETF | -0.40% | 2.41% | 6.77% | 22.88% | -3.30% | 12.25% |
VIXM ProShares VIX Mid-Term Futures ETF | 1.31% | 5.60% | -13.67% | -44.83% | -0.69% | -12.41% |
Correlation
The correlation between SVOL and VIXM is -0.66, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.77 |
Correlation (All Time) Calculated using the full available price history since May 14, 2021 | -0.77 |
The correlation between SVOL and VIXM shifts across timeframes, from -0.77 (all time) to -0.66 (1 year), reflecting how their relationship changes across market environments.
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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.
| SVOL | VIXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.94 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | -0.55 | +1.37 |
| Martin ratioReturn relative to average drawdown | 1.94 | -0.96 | +2.90 |
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 | VIXM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | -0.44 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | -0.44 | +0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | -0.55 | +0.90 |
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 | -13.01% | -15.22% | +2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -33.50% | -41.41% | +7.91% |
Max Drawdown (5Y)Largest decline over 5 years | -33.50% | -63.40% | +29.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.72% | — |
Current DrawdownCurrent decline from peak | -2.98% | -95.75% | +92.77% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -81.52% | +76.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.49% | 8.74% | -3.25% |
Volatility
SVOL vs. VIXM - Volatility Comparison
The current volatility for Simplify Volatility Premium ETF (SVOL) is 1.41%, while ProShares VIX Mid-Term Futures ETF (VIXM) has a volatility of 3.19%. This indicates that SVOL experiences smaller price fluctuations and is considered to be less risky 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 | 1.41% | 3.19% | -1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 9.57% | 13.91% | -4.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.90% | 18.98% | +1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.99% | 30.68% | -8.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.92% | 32.90% | -10.98% |
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 22.10%, while VIXM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
SVOL Simplify Volatility Premium ETF | 22.10% | 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 -0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIXM has higher volatility (3.19%) compared to SVOL (1.41%). In terms of maximum drawdown, SVOL dropped -33.50% vs VIXM's -96.23%.
On 5-year performance, SVOL leads with 6.70% vs -13.49% for VIXM. On fees, SVOL is cheaper at 0.50% per year. On volatility, SVOL has been the lower-risk option at 1.41%. 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 6.70% return vs -13.49%. 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 22.10%, 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 (0.51 vs -0.44), 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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