SVOL vs. XLRE
SVOL (Simplify Volatility Premium ETF) and XLRE (Real Estate Select Sector SPDR Fund) are both exchange-traded funds - SVOL is a Volatility fund actively managed by Simplify, while XLRE is a REIT fund tracking the Real Estate Select Sector Index. SVOL is actively managed, while XLRE is passively managed. Over the past 5 years, SVOL returned 6.22%/yr vs 3.32%/yr for XLRE. At a 0.43 correlation, their price movements are largely independent. SVOL charges 0.50%/yr vs 0.13%/yr for XLRE.
Performance
SVOL vs. XLRE - Performance Comparison
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Returns By Period
In the year-to-date period, SVOL achieves a -0.84% return, which is significantly lower than XLRE's 13.17% return.
SVOL
- 1D
- 1.14%
- 1M
- 1.70%
- YTD
- -0.84%
- 6M
- 0.96%
- 1Y
- 14.90%
- 3Y*
- 5.92%
- 5Y*
- 6.22%
- 10Y*
- —
XLRE
- 1D
- 0.98%
- 1M
- 4.93%
- YTD
- 13.17%
- 6M
- 13.29%
- 1Y
- 12.05%
- 3Y*
- 10.41%
- 5Y*
- 3.32%
- 10Y*
- 7.15%
SVOL vs. XLRE - 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% | 12.70% |
XLRE Real Estate Select Sector SPDR Fund | 13.17% | 2.63% | 5.09% | 12.36% | -26.25% | 28.87% |
Correlation
The correlation between SVOL and XLRE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since May 13, 2021 | 0.43 |
Over the past year, the correlation between SVOL and XLRE has dropped to 0.22 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
SVOL vs. XLRE — Risk / Return Rank
SVOL
XLRE
SVOL vs. XLRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Volatility Premium ETF (SVOL) and Real Estate Select Sector SPDR Fund (XLRE). 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 | XLRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.15 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 1.34 | -0.55 |
| Martin ratioReturn relative to average drawdown | 1.90 | 3.69 | -1.79 |
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Drawdowns
SVOL vs. XLRE - Drawdown Comparison
The maximum SVOL drawdown since its inception was -33.50%, smaller than the maximum XLRE drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for SVOL and XLRE.
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Drawdown Indicators
| SVOL | XLRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.50% | -38.83% | +5.33% |
Max Drawdown (1Y)Largest decline over 1 year | -13.01% | -8.33% | -4.68% |
Max Drawdown (3Y)Largest decline over 3 years | -33.50% | -16.74% | -16.76% |
Max Drawdown (5Y)Largest decline over 5 years | -33.50% | -34.12% | +0.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.83% | — |
Current DrawdownCurrent decline from peak | -3.40% | 0.00% | -3.40% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -9.58% | +4.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 3.03% | +2.47% |
Volatility
SVOL vs. XLRE - Volatility Comparison
The current volatility for Simplify Volatility Premium ETF (SVOL) is 3.48%, while Real Estate Select Sector SPDR Fund (XLRE) has a volatility of 4.81%. This indicates that SVOL experiences smaller price fluctuations and is considered to be less risky than XLRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SVOL | XLRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 4.81% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 10.20% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.81% | 13.83% | +6.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.01% | 19.10% | +2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 20.42% | +1.48% |
SVOL vs. XLRE - Expense Ratio Comparison
SVOL has a 0.50% expense ratio, which is higher than XLRE's 0.13% expense ratio.
Dividends
SVOL vs. XLRE - Dividend Comparison
SVOL's dividend yield for the trailing twelve months is around 22.19%, more than XLRE's 3.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
XLRE Real Estate Select Sector SPDR Fund | 3.08% | 3.45% | 3.43% | 3.31% | 3.70% | 2.61% | 3.15% | 3.06% | 3.78% | 3.25% | 4.22% | 1.09% |
Frequently Asked Questions
SVOL and XLRE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLRE has higher volatility (4.81%) compared to SVOL (3.48%). In terms of maximum drawdown, SVOL dropped -33.50% vs XLRE's -38.83%.
On 5-year performance, SVOL leads with 6.22% vs 3.32% for XLRE. On fees, XLRE is cheaper at 0.13% per year. On volatility, SVOL has been the lower-risk option at 3.48%. 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 6.22% return vs 3.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLRE is cheaper with a 0.13% expense ratio, compared with 0.50% for SVOL.
SVOL has the higher dividend yield at 22.19%, compared with 3.08% for XLRE.
SVOL is categorized as Volatility, while XLRE is REIT. They also come from different issuers: Simplify and State Street. Their fees differ too: 0.50% for SVOL and 0.13% for XLRE.
XLRE currently has the higher Sharpe Ratio (0.81 vs 0.50), 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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