XFLT vs. SVOL
XFLT (XAI Octagon Floating Rate & Alternative Income Term Trust) is a stock, while SVOL (Simplify Volatility Premium ETF) is Volatility fund actively managed by Simplify. Over the past 5 years, XFLT returned -4.53%/yr vs 6.22%/yr for SVOL. At a 0.25 correlation, their price movements are largely independent.
Performance
XFLT vs. SVOL - Performance Comparison
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Returns By Period
In the year-to-date period, XFLT achieves a -19.80% return, which is significantly lower than SVOL's -0.84% return.
XFLT
- 1D
- 0.28%
- 1M
- -6.21%
- YTD
- -19.80%
- 6M
- -15.02%
- 1Y
- -26.28%
- 3Y*
- -4.75%
- 5Y*
- -4.53%
- 10Y*
- —
SVOL
- 1D
- 1.14%
- 1M
- 1.82%
- YTD
- -0.84%
- 6M
- 0.96%
- 1Y
- 10.32%
- 3Y*
- 5.92%
- 5Y*
- 6.22%
- 10Y*
- —
XFLT vs. SVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | -19.80% | -15.35% | 7.37% | 30.40% | -20.30% | 10.09% |
SVOL Simplify Volatility Premium ETF | -0.84% | 2.41% | 6.77% | 22.88% | -3.30% | 12.70% |
Correlation
The correlation between XFLT and SVOL is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 13, 2021 | 0.25 |
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Return for Risk
XFLT vs. SVOL — Risk / Return Rank
XFLT
SVOL
XFLT vs. SVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) 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.
| XFLT | SVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.11 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 0.80 | -1.44 |
| Martin ratioReturn relative to average drawdown | -1.34 | 1.90 | -3.24 |
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Drawdowns
XFLT vs. SVOL - Drawdown Comparison
The maximum XFLT drawdown since its inception was -55.43%, which is greater than SVOL's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for XFLT and SVOL.
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Drawdown Indicators
| XFLT | SVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.43% | -33.50% | -21.93% |
Max Drawdown (1Y)Largest decline over 1 year | -40.67% | -13.01% | -27.66% |
Max Drawdown (3Y)Largest decline over 3 years | -47.04% | -33.50% | -13.54% |
Max Drawdown (5Y)Largest decline over 5 years | -47.04% | -33.50% | -13.54% |
Current DrawdownCurrent decline from peak | -36.23% | -3.40% | -32.83% |
Average DrawdownAverage peak-to-trough decline | -14.43% | -4.76% | -9.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.64% | 5.50% | +14.14% |
Volatility
XFLT vs. SVOL - Volatility Comparison
The current volatility for XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) is 3.23%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 3.48%. This indicates that XFLT experiences smaller price fluctuations and is considered to be less risky 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
| XFLT | SVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 3.48% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 18.38% | 9.95% | +8.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.44% | 20.81% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.11% | 22.01% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.14% | 21.90% | +4.24% |
Dividends
XFLT vs. SVOL - Dividend Comparison
XFLT's dividend yield for the trailing twelve months is around 21.19%, less than SVOL's 22.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SVOL Simplify Volatility Premium ETF | 22.19% | 19.82% | 16.79% | 16.36% | 18.32% | 4.65% | 0.00% | 0.00% | 0.00% | 0.00% |
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | 21.19% | 18.23% | 15.24% | 13.61% | 13.86% | 9.82% | 10.64% | 10.63% | 11.33% | 1.47% |
Frequently Asked Questions
XFLT and SVOL have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SVOL has higher volatility (3.48%) compared to XFLT (3.23%). In terms of maximum drawdown, XFLT dropped -55.43% vs SVOL's -33.50%.
SVOL currently has the higher Sharpe Ratio (0.50 vs -1.29), 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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