XMPT vs. SVOL
XMPT (VanEck CEF Municipal Income ETF) and SVOL (Simplify Volatility Premium ETF) are both exchange-traded funds - XMPT is a High Yield Muni fund tracking the S-Network Municipal Bond Closed-End Fund Index, while SVOL is a Volatility fund actively managed by Simplify. XMPT is passively managed, while SVOL is actively managed. Over the past 5 years, XMPT returned -1.17%/yr vs 6.70%/yr for SVOL. At a 0.29 correlation, their price movements are largely independent. XMPT charges 1.97%/yr vs 0.50%/yr for SVOL.
Performance
XMPT vs. SVOL - Performance Comparison
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Returns By Period
In the year-to-date period, XMPT achieves a 2.34% return, which is significantly higher than SVOL's -0.40% return.
XMPT
- 1D
- -0.37%
- 1M
- 1.78%
- YTD
- 2.34%
- 6M
- 2.46%
- 1Y
- 11.93%
- 3Y*
- 7.25%
- 5Y*
- -1.17%
- 10Y*
- 1.94%
SVOL
- 1D
- -0.12%
- 1M
- 2.98%
- YTD
- -0.40%
- 6M
- 1.29%
- 1Y
- 10.62%
- 3Y*
- 6.58%
- 5Y*
- 6.70%
- 10Y*
- —
XMPT vs. SVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XMPT VanEck CEF Municipal Income ETF | 2.34% | 8.01% | 7.01% | 2.55% | -24.02% | 4.55% |
SVOL Simplify Volatility Premium ETF | -0.40% | 2.41% | 6.77% | 22.88% | -3.30% | 12.25% |
Correlation
The correlation between XMPT and SVOL is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 14, 2021 | 0.29 |
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Return for Risk
XMPT vs. SVOL — Risk / Return Rank
XMPT
SVOL
XMPT vs. SVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck CEF Municipal Income ETF (XMPT) 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.
| XMPT | SVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.12 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.82 | +1.00 |
| Martin ratioReturn relative to average drawdown | 7.45 | 1.94 | +5.51 |
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
| XMPT | SVOL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 0.51 | +1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 0.31 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.35 | +0.07 |
Drawdowns
XMPT vs. SVOL - Drawdown Comparison
The maximum XMPT drawdown since its inception was -35.24%, which is greater than SVOL's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for XMPT and SVOL.
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Drawdown Indicators
| XMPT | SVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.24% | -33.50% | -1.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -13.01% | +6.44% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -33.50% | +18.46% |
Max Drawdown (5Y)Largest decline over 5 years | -35.24% | -33.50% | -1.74% |
Max Drawdown (10Y)Largest decline over 10 years | -35.24% | — | — |
Current DrawdownCurrent decline from peak | -8.94% | -2.98% | -5.96% |
Average DrawdownAverage peak-to-trough decline | -8.82% | -4.77% | -4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 5.49% | -3.89% |
Volatility
XMPT vs. SVOL - Volatility Comparison
VanEck CEF Municipal Income ETF (XMPT) has a higher volatility of 2.69% compared to Simplify Volatility Premium ETF (SVOL) at 1.41%. This indicates that XMPT'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
| XMPT | SVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 1.41% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 6.03% | 9.57% | -3.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.21% | 20.90% | -13.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.35% | 21.99% | -12.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.36% | 21.92% | -11.56% |
XMPT vs. SVOL - Expense Ratio Comparison
XMPT has a 1.97% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Dividends
XMPT vs. SVOL - Dividend Comparison
XMPT's dividend yield for the trailing twelve months is around 6.34%, less than SVOL's 22.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SVOL Simplify Volatility Premium ETF | 22.10% | 19.82% | 16.79% | 16.36% | 18.32% | 4.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XMPT VanEck CEF Municipal Income ETF | 6.34% | 5.87% | 5.35% | 3.81% | 5.12% | 3.74% | 3.79% | 4.08% | 5.05% | 4.84% | 5.35% | 5.24% |
Frequently Asked Questions
XMPT and SVOL have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XMPT has higher volatility (2.69%) compared to SVOL (1.41%). In terms of maximum drawdown, XMPT dropped -35.24% vs SVOL's -33.50%.
On 5-year performance, SVOL leads with 6.70% vs -1.17% for XMPT. On fees, SVOL is cheaper at 0.50% per year. On volatility, SVOL has been the lower-risk option at 1.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SVOL has performed better with a 6.70% return vs -1.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SVOL is cheaper with a 0.50% expense ratio, compared with 1.97% for XMPT.
SVOL has the higher dividend yield at 22.10%, compared with 6.34% for XMPT.
XMPT is categorized as High Yield Muni, while SVOL is Volatility. They also come from different issuers: VanEck and Simplify. Their fees differ too: 1.97% for XMPT and 0.50% for SVOL.
XMPT currently has the higher Sharpe Ratio (1.66 vs 0.51), 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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