WEIX vs. SVOL
Compare and contrast key facts about Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF (WEIX) and Simplify Volatility Premium ETF (SVOL).
WEIX and SVOL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WEIX is an actively managed fund by Dynamic Shares Trust. It was launched on Jan 13, 2022. SVOL is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 12, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WEIX or SVOL.
Correlation
The correlation between WEIX and SVOL is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
WEIX vs. SVOL - Performance Comparison
Key characteristics
WEIX:
-0.26
SVOL:
0.50
WEIX:
-0.13
SVOL:
0.72
WEIX:
0.97
SVOL:
1.13
WEIX:
-0.25
SVOL:
0.60
WEIX:
-0.80
SVOL:
3.63
WEIX:
9.73%
SVOL:
1.79%
WEIX:
29.50%
SVOL:
12.91%
WEIX:
-30.55%
SVOL:
-15.62%
WEIX:
-18.28%
SVOL:
-5.25%
Returns By Period
In the year-to-date period, WEIX achieves a -9.14% return, which is significantly lower than SVOL's 5.30% return.
WEIX
-9.14%
-5.75%
-16.20%
-6.41%
N/A
N/A
SVOL
5.30%
-3.45%
-0.92%
6.50%
N/A
N/A
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WEIX vs. SVOL - Expense Ratio Comparison
Both WEIX and SVOL have an expense ratio of 0.50%.
Risk-Adjusted Performance
WEIX vs. SVOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF (WEIX) 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.
Dividends
WEIX vs. SVOL - Dividend Comparison
WEIX has not paid dividends to shareholders, while SVOL's dividend yield for the trailing twelve months is around 17.04%.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
WEIX Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% |
SVOL Simplify Volatility Premium ETF | 17.04% | 16.37% | 18.32% | 4.65% |
Drawdowns
WEIX vs. SVOL - Drawdown Comparison
The maximum WEIX drawdown since its inception was -30.55%, which is greater than SVOL's maximum drawdown of -15.62%. Use the drawdown chart below to compare losses from any high point for WEIX and SVOL. For additional features, visit the drawdowns tool.
Volatility
WEIX vs. SVOL - Volatility Comparison
Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF (WEIX) has a higher volatility of 6.00% compared to Simplify Volatility Premium ETF (SVOL) at 5.06%. This indicates that WEIX'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.