SVOL vs. XDTE

Last updated Apr 1, 2026

Compare and contrast key facts about Simplify Volatility Premium ETF (SVOL) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE).

SVOL and XDTE 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. XDTE is an actively managed fund by Roundhill. It was launched on Mar 7, 2024.

Performance

SVOL vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Volatility Premium ETF (SVOL) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). The values are adjusted to include any dividend payments, if applicable.

SVOL vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SVOL Simplify Volatility Premium ETF	-7.92%	2.41%	4.46%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	-3.43%	12.60%	16.39%

Returns By Period

In the year-to-date period, SVOL achieves a -7.92% return, which is significantly lower than XDTE's -3.43% return.

SVOL

• 1D: 1.52%
• 1M: -6.10%
• YTD: -7.92%
• 6M: -5.42%
• 1Y: 3.66%
• 3Y*: 6.05%
• 5Y*: —
• 10Y*: —

XDTE

• 1D: 2.00%
• 1M: -5.10%
• YTD: -3.43%
• 6M: 0.02%
• 1Y: 13.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SVOL vs. XDTE - Expense Ratio Comparison

SVOL has a 0.50% expense ratio, which is lower than XDTE's 0.97% expense ratio.

XDTE

Roundhill S&P 500 0DTE Covered Call Strategy ETF

SVOL

Simplify Volatility Premium ETF

Return for Risk

SVOL vs. XDTE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SVOL

SVOL Risk / Return Rank: 17
SVOL Sharpe Ratio Rank: 15
SVOL Sortino Ratio Rank: 19
SVOL Omega Ratio Rank: 20
SVOL Calmar Ratio Rank: 16
SVOL Martin Ratio Rank: 17

XDTE

XDTE Risk / Return Rank: 48
XDTE Sharpe Ratio Rank: 52
XDTE Sortino Ratio Rank: 45
XDTE Omega Ratio Rank: 53
XDTE Calmar Ratio Rank: 43
XDTE Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SVOL vs. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Volatility Premium ETF (SVOL) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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	XDTE	Difference
Sharpe ratio Return per unit of total volatility	0.09	0.87	-0.77
Sortino ratio Return per unit of downside risk	0.45	1.16	-0.72
Omega ratio Gain probability vs. loss probability	1.06	1.19	-0.12
Calmar ratio Return relative to maximum drawdown	0.17	1.00	-0.83
Martin ratio Return relative to average drawdown	0.57	4.12	-3.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SVOL vs. XDTE - Sharpe Ratio Comparison

The current SVOL Sharpe Ratio is 0.09, which is lower than the XDTE Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of SVOL and XDTE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SVOL	XDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.09	0.87	-0.77
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.87	-0.58

Correlation

The correlation between SVOL and XDTE is 0.81, 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. XDTE - Dividend Comparison

SVOL's dividend yield for the trailing twelve months is around 23.14%, less than XDTE's 38.34% yield.

	TTM	2025	2024	2023	2022	2021
SVOL Simplify Volatility Premium ETF	23.14%	19.82%	16.79%	16.36%	18.32%	4.65%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	38.34%	39.16%	20.35%	0.00%	0.00%	0.00%

Drawdowns

SVOL vs. XDTE - Drawdown Comparison

The maximum SVOL drawdown since its inception was -33.50%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for SVOL and XDTE.

Drawdown Indicators

	SVOL	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-33.50%	-19.09%	-14.41%
Max Drawdown (1Y) Largest decline over 1 year	-24.73%	-12.87%	-11.86%
Current Drawdown Current decline from peak	-10.30%	-5.84%	-4.46%
Average Drawdown Average peak-to-trough decline	-4.74%	-2.43%	-2.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.46%	3.13%	+4.33%

Volatility

SVOL vs. XDTE - Volatility Comparison

The current volatility for Simplify Volatility Premium ETF (SVOL) is 4.34%, while Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) has a volatility of 4.62%. This indicates that SVOL experiences smaller price fluctuations and is considered to be less risky than XDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVOL	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	4.62%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	13.82%	8.84%	+4.98%
Volatility (1Y) Calculated over the trailing 1-year period	38.84%	15.39%	+23.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.28%	14.07%	+8.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.28%	14.07%	+8.21%