SVOL vs. VIXY
SVOL (Simplify Volatility Premium ETF) and VIXY (ProShares VIX Short-Term Futures ETF) are both Volatility funds. SVOL is actively managed, while VIXY is passively managed. Over the past 5 years, SVOL returned 6.94%/yr vs -47.11%/yr for VIXY. Their -0.84 correlation means they have often moved in opposite directions in the past. SVOL charges 0.50%/yr vs 0.85%/yr for VIXY.
Performance
SVOL vs. VIXY - 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 VIXY's -20.01% 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%
VIXY
- 1D
- -2.66%
- 1M
- -3.39%
- 6M
- -23.21%
- YTD
- -20.01%
- 1Y
- -54.18%
- 3Y*
- -39.34%
- 5Y*
- -47.11%
- 10Y*
- -46.69%
- ALL TIME*
- -48.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.50M | $3.83M | $4.52M | |
| $61.09M | $56.74M | $72.28M |
SVOL vs. VIXY - 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% |
VIXY ProShares VIX Short-Term Futures ETF | -20.01% | -43.05% | -27.43% | -72.74% | -24.98% | -61.65% |
Correlation
The correlation between SVOL and VIXY is -0.83, 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. | -0.83 |
Correlation (3Y) Balances recent behavior with more history. | -0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.83 |
Correlation (All Time) Calculated using the full available price history since May 13, 2021 | -0.84 |
The correlation between SVOL and VIXY has been stable across timeframes, ranging from -0.84 to -0.80 - a consistent structural relationship.
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Return for Risk
SVOL vs. VIXY — Risk / Return Rank
SVOL
VIXY
SVOL vs. VIXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Volatility Premium ETF (SVOL) and ProShares VIX Short-Term Futures ETF (VIXY). 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 | VIXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.85 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | -0.92 | +2.29 |
| Martin ratioReturn relative to average drawdown | 4.00 | -1.40 | +5.40 |
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Drawdowns
SVOL vs. VIXY - Drawdown Comparison
The maximum SVOL drawdown since its inception was -33.50%, smaller than the maximum VIXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SVOL and VIXY.
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Drawdown Indicators
| SVOL | VIXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.50% | -100.00% | +66.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.42% | -55.18% | +43.76% |
Max Drawdown (3Y)Largest decline over 3 years | -33.50% | -81.45% | +47.95% |
Max Drawdown (5Y)Largest decline over 5 years | -33.50% | -95.91% | +62.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.82% | — |
Current DrawdownCurrent decline from peak | -1.33% | -100.00% | +98.67% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -92.24% | +87.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 36.13% | -32.21% |
Volatility
SVOL vs. VIXY - Volatility Comparison
The current volatility for Simplify Volatility Premium ETF (SVOL) is 4.16%, while ProShares VIX Short-Term Futures ETF (VIXY) has a volatility of 14.60%. This indicates that SVOL experiences smaller price fluctuations and is considered to be less risky than VIXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SVOL | VIXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 14.60% | -10.44% |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | 43.36% | -33.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.23% | 57.54% | -40.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.96% | 69.97% | -48.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.74% | 71.89% | -50.15% |
SVOL vs. VIXY - Expense Ratio Comparison
SVOL has a 0.50% expense ratio, which is lower than VIXY's 0.85% expense ratio.
Dividends
SVOL vs. VIXY - Dividend Comparison
SVOL's dividend yield for the trailing twelve months is around 22.14%, while VIXY 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% |
VIXY ProShares VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SVOL and VIXY have a correlation of -0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIXY has higher volatility (14.60%) compared to SVOL (4.16%). In terms of maximum drawdown, SVOL dropped -33.50% vs VIXY's -100.00%.
On 5-year performance, SVOL leads with 6.94% vs -47.11% for VIXY. On fees, SVOL is cheaper at 0.50% per year. On volatility, SVOL has been the lower-risk option at 4.16%. 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 -47.11%. 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 VIXY.
SVOL has the higher dividend yield at 22.14%, compared with 0.00% for VIXY.
They also come from different issuers: Simplify and ProShares. Their fees differ too: 0.50% for SVOL and 0.85% for VIXY.
SVOL currently has the higher Sharpe Ratio (0.91 vs -0.88), 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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