TLTD vs. SVOL
TLTD (FlexShares Morningstar Developed Markets ex-US Factor Tilt) and SVOL (Simplify Volatility Premium ETF) are both exchange-traded funds - TLTD is a Global Equities fund tracking the Morningstar Developed Markets ex-US Factor Tilt Index, while SVOL is a Volatility fund actively managed by Simplify. TLTD is passively managed, while SVOL is actively managed. Over the past 5 years, TLTD returned 9.15%/yr vs 6.50%/yr for SVOL. A 0.59 correlation means they provide meaningful diversification when combined. TLTD charges 0.39%/yr vs 0.50%/yr for SVOL.
Performance
TLTD vs. SVOL - Performance Comparison
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Returns By Period
In the year-to-date period, TLTD achieves a 6.70% return, which is significantly higher than SVOL's -1.34% return.
TLTD
- 1D
- -2.26%
- 1M
- -2.59%
- YTD
- 6.70%
- 6M
- 9.88%
- 1Y
- 24.35%
- 3Y*
- 19.06%
- 5Y*
- 9.15%
- 10Y*
- 9.15%
SVOL
- 1D
- -1.98%
- 1M
- 2.02%
- YTD
- -1.34%
- 6M
- 0.46%
- 1Y
- 11.78%
- 3Y*
- 5.84%
- 5Y*
- 6.50%
- 10Y*
- —
TLTD vs. SVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt | 6.70% | 39.69% | 4.78% | 17.19% | -13.74% | 2.43% |
SVOL Simplify Volatility Premium ETF | -1.34% | 2.41% | 6.77% | 22.88% | -3.30% | 12.25% |
Correlation
The correlation between TLTD and SVOL is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 14, 2021 | 0.59 |
The correlation between TLTD and SVOL has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.
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Return for Risk
TLTD vs. SVOL — Risk / Return Rank
TLTD
SVOL
TLTD vs. SVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) 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.
| TLTD | SVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.13 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 0.91 | +1.11 |
| Martin ratioReturn relative to average drawdown | 7.71 | 2.15 | +5.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TLTD | SVOL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 0.57 | +1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.30 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.34 | +0.17 |
Drawdowns
TLTD vs. SVOL - Drawdown Comparison
The maximum TLTD drawdown since its inception was -40.62%, which is greater than SVOL's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for TLTD and SVOL.
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Drawdown Indicators
| TLTD | SVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.62% | -33.50% | -7.12% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -13.01% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -13.10% | -33.50% | +20.40% |
Max Drawdown (5Y)Largest decline over 5 years | -28.96% | -33.50% | +4.54% |
Max Drawdown (10Y)Largest decline over 10 years | -40.62% | — | — |
Current DrawdownCurrent decline from peak | -3.93% | -3.89% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -7.68% | -4.77% | -2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 5.49% | -2.33% |
Volatility
TLTD vs. SVOL - Volatility Comparison
FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) has a higher volatility of 4.15% compared to Simplify Volatility Premium ETF (SVOL) at 2.74%. This indicates that TLTD'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.
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Volatility by Period
| TLTD | SVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 2.74% | +1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 12.23% | 9.81% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 20.95% | -6.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 22.00% | -6.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 21.93% | -5.11% |
TLTD vs. SVOL - Expense Ratio Comparison
TLTD has a 0.39% expense ratio, which is lower than SVOL's 0.50% expense ratio.
Dividends
TLTD vs. SVOL - Dividend Comparison
TLTD's dividend yield for the trailing twelve months is around 3.13%, less than SVOL's 22.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SVOL Simplify Volatility Premium ETF | 22.31% | 19.82% | 16.79% | 16.36% | 18.32% | 4.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt | 3.13% | 3.44% | 3.88% | 3.39% | 2.76% | 3.44% | 2.04% | 3.46% | 3.16% | 2.71% | 2.93% | 2.56% |
Frequently Asked Questions
TLTD and SVOL have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLTD has higher volatility (4.15%) compared to SVOL (2.74%). In terms of maximum drawdown, TLTD dropped -40.62% vs SVOL's -33.50%.
On 5-year performance, TLTD leads with 9.15% vs 6.50% for SVOL. On fees, TLTD is cheaper at 0.39% per year. On volatility, SVOL has been the lower-risk option at 2.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, TLTD has performed better with a 9.15% return vs 6.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLTD is cheaper with a 0.39% expense ratio, compared with 0.50% for SVOL.
SVOL has the higher dividend yield at 22.31%, compared with 3.13% for TLTD.
TLTD is categorized as Global Equities, while SVOL is Volatility. They also come from different issuers: Northern Trust and Simplify. Their fees differ too: 0.39% for TLTD and 0.50% for SVOL.
TLTD currently has the higher Sharpe Ratio (1.67 vs 0.57), 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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