SVOL vs. XFLT

Last updated Jun 9, 2026

SVOL (Simplify Volatility Premium ETF) is Volatility fund actively managed by Simplify, while XFLT (XAI Octagon Floating Rate & Alternative Income Term Trust) is a stock. Over the past 5 years, SVOL returned 6.66%/yr vs -4.13%/yr for XFLT. At a 0.24 correlation, their price movements are largely independent.

Performance

SVOL vs. XFLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Volatility Premium ETF (SVOL) and XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SVOL achieves a -0.84% return, which is significantly higher than XFLT's -18.37% return.

SVOL

• 1D: 0.50%
• 1M: 2.47%
• YTD: -0.84%
• 6M: 1.19%
• 1Y: 10.38%
• 3Y*: 5.92%
• 5Y*: 6.66%
• 10Y*: —

XFLT

• 1D: 1.00%
• 1M: -3.89%
• YTD: -18.37%
• 6M: -13.32%
• 1Y: -24.64%
• 3Y*: -4.19%
• 5Y*: -4.13%
• 10Y*: —

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

SVOL vs. XFLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SVOL Simplify Volatility Premium ETF	-0.84%	2.41%	6.77%	22.88%	-3.30%	12.25%
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust	-18.37%	-15.35%	7.37%	30.40%	-20.30%	8.83%

Correlation

The correlation between SVOL and XFLT is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since May 14, 2021	0.24

Return for Risk

SVOL vs. XFLT — Risk / Return Rank

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

SVOL

SVOL Risk / Return Rank: 19
SVOL Sharpe Ratio Rank: 18
SVOL Sortino Ratio Rank: 18
SVOL Omega Ratio Rank: 19
SVOL Calmar Ratio Rank: 20
SVOL Martin Ratio Rank: 19

XFLT

XFLT Risk / Return Rank: 9
XFLT Sharpe Ratio Rank: 2
XFLT Sortino Ratio Rank: 4
XFLT Omega Ratio Rank: 5
XFLT Calmar Ratio Rank: 21
XFLT Martin Ratio Rank: 13

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. XFLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Volatility Premium ETF (SVOL) and XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT). 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	XFLT	Difference
Sharpe ratio: Return per unit of total volatility	0.50	-1.21	+1.71
Sortino ratio: Return per unit of downside risk	0.84	-1.76	+2.60
Omega ratio: Gain probability vs. loss probability	1.12	0.79	+0.32
Calmar ratio: Return relative to maximum drawdown	0.80	-0.61	+1.41
Martin ratio: Return relative to average drawdown	1.89	-1.28	+3.17
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. XFLT - Sharpe Ratio Comparison

The current SVOL Sharpe Ratio is 0.50, which is higher than the XFLT Sharpe Ratio of -1.21. The chart below compares the historical Sharpe Ratios of SVOL and XFLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SVOL	XFLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	-1.21	+1.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	-0.20	+0.50
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.02	+0.33

Drawdowns

SVOL vs. XFLT - Drawdown Comparison

The maximum SVOL drawdown since its inception was -33.50%, smaller than the maximum XFLT drawdown of -55.43%. Use the drawdown chart below to compare losses from any high point for SVOL and XFLT.

Drawdown Indicators

	SVOL	XFLT	Difference
Max Drawdown Largest peak-to-trough decline	-33.50%	-55.43%	+21.93%
Max Drawdown (1Y) Largest decline over 1 year	-13.01%	-40.67%	+27.66%
Max Drawdown (3Y) Largest decline over 3 years	-33.50%	-47.04%	+13.54%
Max Drawdown (5Y) Largest decline over 5 years	-33.50%	-47.04%	+13.54%
Current Drawdown Current decline from peak	-3.40%	-35.10%	+31.70%
Average Drawdown Average peak-to-trough decline	-4.77%	-14.40%	+9.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.49%	19.31%	-13.82%

Volatility

SVOL vs. XFLT - Volatility Comparison

The current volatility for Simplify Volatility Premium ETF (SVOL) is 2.77%, while XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has a volatility of 3.46%. This indicates that SVOL experiences smaller price fluctuations and is considered to be less risky than XFLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVOL	XFLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.77%	3.46%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	9.82%	18.38%	-8.56%
Volatility (1Y) Calculated over the trailing 1-year period	20.78%	20.47%	+0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.01%	21.10%	+0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.92%	26.17%	-4.25%

Dividends

SVOL vs. XFLT - Dividend Comparison

SVOL's dividend yield for the trailing twelve months is around 22.19%, more than XFLT's 20.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SVOL Simplify Volatility Premium ETF	22.19%	19.82%	16.79%	16.36%	18.32%	4.65%	0.00%	0.00%	0.00%	0.00%
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust	20.82%	18.23%	15.24%	13.61%	13.86%	9.82%	10.64%	10.63%	11.33%	1.47%

Frequently Asked Questions

Can I hold both SVOL and XFLT in my portfolio?

SVOL and XFLT have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SVOL or XFLT?

XFLT has higher volatility (3.46%) compared to SVOL (2.77%). In terms of maximum drawdown, SVOL dropped -33.50% vs XFLT's -55.43%.

Which has better risk-adjusted returns?

SVOL currently has the higher Sharpe Ratio (0.50 vs -1.21), 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.