VIXY vs. SVOL
Compare and contrast key facts about ProShares VIX Short-Term Futures ETF (VIXY) and Simplify Volatility Premium ETF (SVOL).
VIXY and SVOL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VIXY is a passively managed fund by ProFund Advisors LLC that tracks the performance of the S&P 500 VIX Short-Term Futures Index Total Return. It was launched on Jan 3, 2011. SVOL is an actively managed fund by Simplify. It was launched on May 12, 2021.
Performance
VIXY vs. SVOL - Performance Comparison
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VIXY vs. SVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VIXY ProShares VIX Short-Term Futures ETF | 33.97% | -43.05% | -27.43% | -72.74% | -24.98% | -57.67% |
SVOL Simplify Volatility Premium ETF | -7.92% | 2.41% | 6.77% | 22.88% | -3.30% | 12.25% |
Returns By Period
In the year-to-date period, VIXY achieves a 33.97% return, which is significantly higher than SVOL's -7.92% return.
VIXY
- 1D
- -9.32%
- 1M
- 23.30%
- YTD
- 33.97%
- 6M
- 6.35%
- 1Y
- -31.66%
- 3Y*
- -42.53%
- 5Y*
- -45.66%
- 10Y*
- -46.57%
SVOL
- 1D
- 1.52%
- 1M
- -6.10%
- YTD
- -7.92%
- 6M
- -5.42%
- 1Y
- 3.66%
- 3Y*
- 6.05%
- 5Y*
- —
- 10Y*
- —
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VIXY vs. SVOL - Expense Ratio Comparison
VIXY has a 0.85% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Return for Risk
VIXY vs. SVOL — Risk / Return Rank
VIXY
SVOL
VIXY vs. SVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares VIX Short-Term Futures ETF (VIXY) 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.
| VIXY | SVOL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.42 | 0.09 | -0.52 |
Sortino ratioReturn per unit of downside risk | -0.22 | 0.45 | -0.66 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.06 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | -0.46 | 0.17 | -0.63 |
Martin ratioReturn relative to average drawdown | -0.59 | 0.57 | -1.16 |
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
| VIXY | SVOL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.42 | 0.09 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.64 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.68 | 0.28 | -0.96 |
Correlation
The correlation between VIXY and SVOL is -0.84. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
VIXY vs. SVOL - Dividend Comparison
VIXY has not paid dividends to shareholders, while SVOL's dividend yield for the trailing twelve months is around 23.14%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VIXY ProShares VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SVOL Simplify Volatility Premium ETF | 23.14% | 19.82% | 16.79% | 16.36% | 18.32% | 4.65% |
Drawdowns
VIXY vs. SVOL - Drawdown Comparison
The maximum VIXY drawdown since its inception was -100.00%, which is greater than SVOL's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for VIXY and SVOL.
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Drawdown Indicators
| VIXY | SVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -33.50% | -66.50% |
Max Drawdown (1Y)Largest decline over 1 year | -69.84% | -24.73% | -45.11% |
Max Drawdown (5Y)Largest decline over 5 years | -96.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.88% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -10.30% | -89.70% |
Average DrawdownAverage peak-to-trough decline | -92.10% | -4.74% | -87.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.60% | 7.46% | +47.14% |
Volatility
VIXY vs. SVOL - Volatility Comparison
ProShares VIX Short-Term Futures ETF (VIXY) has a higher volatility of 29.44% compared to Simplify Volatility Premium ETF (SVOL) at 4.34%. This indicates that VIXY'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
| VIXY | SVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.44% | 4.34% | +25.10% |
Volatility (6M)Calculated over the trailing 6-month period | 47.30% | 13.82% | +33.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.02% | 38.84% | +36.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.36% | 22.28% | +49.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.68% | 22.28% | +50.40% |