VOOL.DE vs. SVIX

Last updated Jul 18, 2026

VOOL.DE (Amundi S&P 500 VIX Futures Enhanced Roll UCITS ETF Acc) and SVIX (-1x Short VIX Futures ETF) are both Volatility funds - VOOL.DE tracks the S&P 500 VIX Futures Roll Enhanced TR while SVIX tracks the Short VIX Futures Index. Both are passively managed. Over the past 3 years, VOOL.DE returned -23.73%/yr vs -8.09%/yr for SVIX. At a correlation of -0.46, they often move in opposite directions. VOOL.DE charges 0.60%/yr vs 1.47%/yr for SVIX.

Performance

VOOL.DE vs. SVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi S&P 500 VIX Futures Enhanced Roll UCITS ETF Acc (VOOL.DE) and -1x Short VIX Futures ETF (SVIX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VOOL.DE is traded in EUR, while SVIX is traded in USD. To make them comparable, the SVIX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, VOOL.DE achieves a -3.23% return, which is significantly lower than SVIX's -1.42% return.

VOOL.DE

• 1D: 2.08%
• 1M: -3.16%
• 6M: -3.15%
• YTD: -3.23%
• 1Y: -21.43%
• 3Y*: -23.73%
• 5Y*: -27.65%
• 10Y*: -25.88%

SVIX

• 1D: -4.99%
• 1M: 3.90%
• 6M: -2.62%
• YTD: -1.42%
• 1Y: 45.54%
• 3Y*: -8.09%
• 5Y*: —
• 10Y*: —

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

VOOL.DE vs. SVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VOOL.DE Amundi S&P 500 VIX Futures Enhanced Roll UCITS ETF Acc	-3.23%	-25.96%	-26.27%	-52.36%	-1.79%
SVIX -1x Short VIX Futures ETF	-1.42%	-15.83%	-28.32%	149.65%	2.69%

Correlation

The correlation between VOOL.DE and SVIX is -0.49, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.49
Correlation (3Y) Calculated over the trailing 3-year period	-0.45
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022	-0.46

Return for Risk

VOOL.DE vs. SVIX — Risk / Return Rank

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

VOOL.DE

VOOL.DE Risk / Return Rank: 2
VOOL.DE Sharpe Ratio Rank: 3
VOOL.DE Sortino Ratio Rank: 3
VOOL.DE Omega Ratio Rank: 3
VOOL.DE Calmar Ratio Rank: 1
VOOL.DE Martin Ratio Rank: 1

SVIX

SVIX Risk / Return Rank: 28
SVIX Sharpe Ratio Rank: 27
SVIX Sortino Ratio Rank: 28
SVIX Omega Ratio Rank: 31
SVIX Calmar Ratio Rank: 26
SVIX Martin Ratio Rank: 27

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.

VOOL.DE vs. SVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 VIX Futures Enhanced Roll UCITS ETF Acc (VOOL.DE) and -1x Short VIX Futures ETF (SVIX). 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.

	VOOL.DE	SVIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.80	0.83	-1.63
Sortino ratio: Return per unit of downside risk	-1.04	1.33	-2.37
Omega ratio: Gain probability vs. loss probability	0.87	1.18	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.89	1.09	-1.98
Martin ratio: Return relative to average drawdown	-1.46	3.05	-4.51

VOOL.DE vs. SVIX - Sharpe Ratio Comparison

The current VOOL.DE Sharpe Ratio is -0.80, which is lower than the SVIX Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of VOOL.DE and SVIX, 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

VOOL.DE vs. SVIX - Drawdown Comparison

The maximum VOOL.DE drawdown since its inception was -98.74%, which is greater than SVIX's maximum drawdown of -80.06%. Use the drawdown chart below to compare losses from any high point for VOOL.DE and SVIX.

Drawdown Indicators

	VOOL.DE	SVIX	Difference
Max Drawdown Largest peak-to-trough decline	-98.74%	-80.06%	-18.68%
Max Drawdown (1Y) Largest decline over 1 year	-24.05%	-42.06%	+18.01%
Max Drawdown (3Y) Largest decline over 3 years	-63.75%	-80.06%	+16.31%
Max Drawdown (5Y) Largest decline over 5 years	-83.01%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-95.24%	—	—
Current Drawdown Current decline from peak	-98.72%	-56.29%	-42.43%
Average Drawdown Average peak-to-trough decline	-83.46%	-31.84%	-51.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.65%	14.99%	-0.34%

Volatility

VOOL.DE vs. SVIX - Volatility Comparison

The current volatility for Amundi S&P 500 VIX Futures Enhanced Roll UCITS ETF Acc (VOOL.DE) is 4.29%, while -1x Short VIX Futures ETF (SVIX) has a volatility of 11.82%. This indicates that VOOL.DE experiences smaller price fluctuations and is considered to be less risky than SVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOOL.DE	SVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	11.82%	-7.53%
Volatility (6M) Calculated over the trailing 6-month period	20.71%	42.94%	-22.23%
Volatility (1Y) Calculated over the trailing 1-year period	26.69%	55.21%	-28.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.99%	65.40%	-25.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.08%	65.40%	-22.32%

VOOL.DE vs. SVIX - Expense Ratio Comparison

VOOL.DE has a 0.60% expense ratio, which is lower than SVIX's 1.47% expense ratio.

Dividends

VOOL.DE vs. SVIX - Dividend Comparison

Neither VOOL.DE nor SVIX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VOOL.DE and SVIX in my portfolio?

VOOL.DE and SVIX have a correlation of -0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VOOL.DE or SVIX?

On fees, VOOL.DE is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VOOL.DE or SVIX?

VOOL.DE is cheaper with a 0.60% expense ratio, compared with 1.47% for SVIX.

What is the main difference between VOOL.DE and SVIX?

VOOL.DE tracks S&P 500 VIX Futures Roll Enhanced TR, while SVIX tracks Short VIX Futures Index. They also come from different issuers: Amundi and Volatility Shares. Their fees differ too: 0.60% for VOOL.DE and 1.47% for SVIX.