TESL vs. SVOL

Last updated Jul 17, 2026

TESL (Simplify Volt TSLA Revolution ETF) and SVOL (Simplify Volatility Premium ETF) are both exchange-traded funds - TESL is a Large Cap Growth Equities fund tracking the Actively Managed, while SVOL is a Volatility fund actively managed by Simplify. TESL is passively managed, while SVOL is actively managed. Over the past 5 years, TESL returned 9.95%/yr vs 6.92%/yr for SVOL. At a 0.45 correlation, their price movements are largely independent. TESL charges 0.97%/yr vs 0.50%/yr for SVOL.

Performance

TESL vs. SVOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Volt TSLA Revolution ETF (TESL) and Simplify Volatility Premium ETF (SVOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TESL achieves a -12.21% return, which is significantly lower than SVOL's 2.18% return.

TESL

• 1D: -2.76%
• 1M: -7.29%
• 6M: -9.18%
• YTD: -12.21%
• 1Y: -25.27%
• 3Y*: 22.90%
• 5Y*: 9.95%
• 10Y*: —

SVOL

• 1D: -0.98%
• 1M: 1.15%
• 6M: 0.13%
• YTD: 2.18%
• 1Y: 16.23%
• 3Y*: 6.03%
• 5Y*: 6.92%
• 10Y*: —

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

TESL vs. SVOL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TESL Simplify Volt TSLA Revolution ETF	-12.21%	-14.73%	152.27%	58.33%	-61.11%	52.55%
SVOL Simplify Volatility Premium ETF	2.18%	2.41%	6.77%	22.88%	-3.30%	12.70%

Correlation

The correlation between TESL and SVOL is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since May 13, 2021	0.45

Return for Risk

TESL vs. SVOL — Risk / Return Rank

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

TESL

TESL Risk / Return Rank: 6
TESL Sharpe Ratio Rank: 6
TESL Sortino Ratio Rank: 6
TESL Omega Ratio Rank: 6
TESL Calmar Ratio Rank: 5
TESL Martin Ratio Rank: 6

SVOL

SVOL Risk / Return Rank: 33
SVOL Sharpe Ratio Rank: 32
SVOL Sortino Ratio Rank: 32
SVOL Omega Ratio Rank: 33
SVOL Calmar Ratio Rank: 34
SVOL Martin Ratio Rank: 34

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.

TESL vs. SVOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Volt TSLA Revolution ETF (TESL) and Simplify Volatility Premium ETF (SVOL). 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.

	TESL	SVOL	Difference
Sharpe ratio: Return per unit of total volatility	-0.45	0.95	-1.39
Sortino ratio: Return per unit of downside risk	-0.32	1.44	-1.76
Omega ratio: Gain probability vs. loss probability	0.96	1.19	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.45	1.43	-1.88
Martin ratio: Return relative to average drawdown	-0.74	4.11	-4.85

TESL vs. SVOL - Sharpe Ratio Comparison

The current TESL Sharpe Ratio is -0.45, which is lower than the SVOL Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of TESL and SVOL, 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

TESL vs. SVOL - Drawdown Comparison

The maximum TESL drawdown since its inception was -69.11%, which is greater than SVOL's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for TESL and SVOL.

Drawdown Indicators

	TESL	SVOL	Difference
Max Drawdown Largest peak-to-trough decline	-69.11%	-33.50%	-35.61%
Max Drawdown (1Y) Largest decline over 1 year	-56.12%	-11.42%	-44.70%
Max Drawdown (3Y) Largest decline over 3 years	-56.12%	-33.50%	-22.62%
Max Drawdown (5Y) Largest decline over 5 years	-69.11%	-33.50%	-35.61%
Current Drawdown Current decline from peak	-45.53%	-0.98%	-44.55%
Average Drawdown Average peak-to-trough decline	-37.78%	-4.71%	-33.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.27%	3.96%	+30.31%

Volatility

TESL vs. SVOL - Volatility Comparison

Simplify Volt TSLA Revolution ETF (TESL) has a higher volatility of 18.06% compared to Simplify Volatility Premium ETF (SVOL) at 3.32%. This indicates that TESL's price experiences larger fluctuations and is considered to be riskier than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TESL	SVOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.06%	3.32%	+14.74%
Volatility (6M) Calculated over the trailing 6-month period	38.86%	10.39%	+28.47%
Volatility (1Y) Calculated over the trailing 1-year period	57.05%	17.20%	+39.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.48%	22.02%	+29.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.31%	21.78%	+28.53%

TESL vs. SVOL - Expense Ratio Comparison

TESL has a 0.97% expense ratio, which is higher than SVOL's 0.50% expense ratio.

Dividends

TESL vs. SVOL - Dividend Comparison

TESL's dividend yield for the trailing twelve months is around 25.21%, more than SVOL's 21.80% yield.

Position	TTM	2025	2024	2023	2022	2021
SVOL Simplify Volatility Premium ETF	21.80%	19.82%	16.79%	16.36%	18.32%	4.65%
TESL Simplify Volt TSLA Revolution ETF	25.21%	23.87%	0.62%	0.00%	0.83%	0.00%

Frequently Asked Questions

Can I hold both TESL and SVOL in my portfolio?

TESL and SVOL have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TESL or SVOL?

TESL has higher volatility (18.06%) compared to SVOL (3.32%). In terms of maximum drawdown, TESL dropped -69.11% vs SVOL's -33.50%.

Which ETF is better, TESL or SVOL?

On 5-year performance, TESL leads with 9.95% vs 6.92% for SVOL. On fees, SVOL is cheaper at 0.50% per year. On volatility, SVOL has been the lower-risk option at 3.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TESL or SVOL?

Over the 5-year period, TESL has performed better with a 9.95% return vs 6.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TESL or SVOL?

SVOL is cheaper with a 0.50% expense ratio, compared with 0.97% for TESL.

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

TESL has the higher dividend yield at 25.21%, compared with 21.80% for SVOL.

What is the main difference between TESL and SVOL?

TESL is categorized as Large Cap Growth Equities, while SVOL is Volatility. Their fees differ too: 0.97% for TESL and 0.50% for SVOL.

Which has better risk-adjusted returns?

SVOL currently has the higher Sharpe Ratio (0.95 vs -0.45), 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.