SVOL vs. YGLD

Last updated Jul 14, 2026

SVOL (Simplify Volatility Premium ETF) and YGLD (Simplify Gold Strategy PLUS Income ETF) are both exchange-traded funds - SVOL is a Volatility fund actively managed by Simplify, while YGLD is a Gold fund actively managed by Simplify. Both are actively managed. Over the past year, SVOL returned 12.85% vs 4.85% for YGLD. At a 0.17 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.

Performance

SVOL vs. YGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Volatility Premium ETF (SVOL) and Simplify Gold Strategy PLUS Income ETF (YGLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SVOL achieves a 2.12% return, which is significantly higher than YGLD's -20.87% return.

SVOL

• 1D: -0.43%
• 1M: 2.98%
• 6M: -0.27%
• YTD: 2.12%
• 1Y: 12.85%
• 3Y*: 6.02%
• 5Y*: 6.71%
• 10Y*: —

YGLD

• 1D: -4.09%
• 1M: -7.59%
• 6M: -28.00%
• YTD: -20.87%
• 1Y: 4.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SVOL vs. YGLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SVOL Simplify Volatility Premium ETF	2.12%	2.41%	-3.40%
YGLD Simplify Gold Strategy PLUS Income ETF	-20.87%	96.82%	-4.26%

Correlation

The correlation between SVOL and YGLD is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.17

Return for Risk

SVOL vs. YGLD — Risk / Return Rank

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

SVOL

SVOL Risk / Return Rank: 27
SVOL Sharpe Ratio Rank: 26
SVOL Sortino Ratio Rank: 25
SVOL Omega Ratio Rank: 26
SVOL Calmar Ratio Rank: 28
SVOL Martin Ratio Rank: 29

YGLD

YGLD Risk / Return Rank: 12
YGLD Sharpe Ratio Rank: 11
YGLD Sortino Ratio Rank: 12
YGLD Omega Ratio Rank: 13
YGLD Calmar Ratio Rank: 11
YGLD Martin Ratio Rank: 11

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. YGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Volatility Premium ETF (SVOL) and Simplify Gold Strategy PLUS Income ETF (YGLD). 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	YGLD	Difference
Sharpe ratio: Return per unit of total volatility	0.75	0.12	+0.63
Sortino ratio: Return per unit of downside risk	1.17	0.43	+0.73
Omega ratio: Gain probability vs. loss probability	1.15	1.06	+0.09
Calmar ratio: Return relative to maximum drawdown	1.13	0.11	+1.02
Martin ratio: Return relative to average drawdown	3.25	0.25	+3.00

SVOL vs. YGLD - Sharpe Ratio Comparison

The current SVOL Sharpe Ratio is 0.75, which is higher than the YGLD Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of SVOL and YGLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SVOL vs. YGLD - Drawdown Comparison

The maximum SVOL drawdown since its inception was -33.50%, smaller than the maximum YGLD drawdown of -42.90%. Use the drawdown chart below to compare losses from any high point for SVOL and YGLD.

Drawdown Indicators

	SVOL	YGLD	Difference
Max Drawdown Largest peak-to-trough decline	-33.50%	-42.90%	+9.40%
Max Drawdown (1Y) Largest decline over 1 year	-11.42%	-42.90%	+31.48%
Max Drawdown (3Y) Largest decline over 3 years	-33.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.50%	—	—
Current Drawdown Current decline from peak	-0.52%	-42.90%	+42.38%
Average Drawdown Average peak-to-trough decline	-4.72%	-9.92%	+5.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	19.47%	-15.50%

Volatility

SVOL vs. YGLD - Volatility Comparison

The current volatility for Simplify Volatility Premium ETF (SVOL) is 3.89%, while Simplify Gold Strategy PLUS Income ETF (YGLD) has a volatility of 11.47%. This indicates that SVOL experiences smaller price fluctuations and is considered to be less risky than YGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVOL	YGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	11.47%	-7.58%
Volatility (6M) Calculated over the trailing 6-month period	10.39%	35.91%	-25.52%
Volatility (1Y) Calculated over the trailing 1-year period	17.35%	42.25%	-24.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.02%	39.38%	-17.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.80%	39.38%	-17.58%

SVOL vs. YGLD - Expense Ratio Comparison

Both SVOL and YGLD have an expense ratio of 0.50%.

Dividends

SVOL vs. YGLD - Dividend Comparison

SVOL's dividend yield for the trailing twelve months is around 21.81%, less than YGLD's 22.04% yield.

Position	TTM	2025	2024	2023	2022	2021
SVOL Simplify Volatility Premium ETF	21.81%	19.82%	16.79%	16.36%	18.32%	4.65%
YGLD Simplify Gold Strategy PLUS Income ETF	22.04%	12.05%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SVOL and YGLD in my portfolio?

SVOL and YGLD have a correlation of 0.26, 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 YGLD?

YGLD has higher volatility (11.47%) compared to SVOL (3.89%). In terms of maximum drawdown, SVOL dropped -33.50% vs YGLD's -42.90%.

Which ETF is better, SVOL or YGLD?

On 1-year performance, SVOL leads with 12.85% vs 4.85% for YGLD. Both ETFs have the same 0.50% expense ratio. On volatility, SVOL has been the lower-risk option at 3.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SVOL or YGLD?

Over the 1-year period, SVOL has performed better with a 12.85% return vs 4.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SVOL or YGLD?

SVOL and YGLD have the same expense ratio: 0.50% per year.

Which ETF pays a higher dividend yield, SVOL or YGLD?

YGLD has the higher dividend yield at 22.04%, compared with 21.81% for SVOL.

What is the main difference between SVOL and YGLD?

SVOL is categorized as Volatility, while YGLD is Gold.

Which has better risk-adjusted returns?

SVOL currently has the higher Sharpe Ratio (0.75 vs 0.12), 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.