XV vs. SBAR
XV (Simplify Target 15 Distribution ETF) and SBAR (Simplify Barrier Income ETF) are both Derivative Income funds from Simplify. Both are actively managed. Over the past year, XV returned 13.44% vs 12.96% for SBAR. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
XV vs. SBAR - Performance Comparison
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Returns By Period
In the year-to-date period, XV achieves a 4.45% return, which is significantly higher than SBAR's 3.89% return.
XV
- 1D
- -0.06%
- 1M
- 1.80%
- YTD
- 4.45%
- 6M
- 3.07%
- 1Y
- 13.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBAR
- 1D
- 0.90%
- 1M
- 1.93%
- YTD
- 3.89%
- 6M
- 3.85%
- 1Y
- 12.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XV vs. SBAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XV Simplify Target 15 Distribution ETF | 4.45% | 16.13% |
SBAR Simplify Barrier Income ETF | 3.89% | 13.80% |
Correlation
The correlation between XV and SBAR is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2025 | 0.71 |
The correlation between XV and SBAR has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.
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Return for Risk
XV vs. SBAR — Risk / Return Rank
XV
SBAR
XV vs. SBAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Target 15 Distribution ETF (XV) and Simplify Barrier Income ETF (SBAR). 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.
| XV | SBAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.44 | -0.09 |
| Martin ratioReturn relative to average drawdown | 8.89 | 9.05 | -0.16 |
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Drawdowns
XV vs. SBAR - Drawdown Comparison
The maximum XV drawdown since its inception was -5.73%, which is greater than SBAR's maximum drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for XV and SBAR.
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Drawdown Indicators
| XV | SBAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.73% | -5.32% | -0.41% |
Max Drawdown (1Y)Largest decline over 1 year | -5.73% | -5.32% | -0.41% |
Current DrawdownCurrent decline from peak | -0.06% | 0.00% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -0.98% | -0.92% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.44% | +0.08% |
Volatility
XV vs. SBAR - Volatility Comparison
Simplify Target 15 Distribution ETF (XV) has a higher volatility of 3.17% compared to Simplify Barrier Income ETF (SBAR) at 2.76%. This indicates that XV's price experiences larger fluctuations and is considered to be riskier than SBAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XV | SBAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.17% | 2.76% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 6.44% | 5.77% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.17% | 8.82% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.87% | 9.83% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.87% | 9.83% | +1.04% |
XV vs. SBAR - Expense Ratio Comparison
Both XV and SBAR have an expense ratio of 0.75%.
Dividends
XV vs. SBAR - Dividend Comparison
XV's dividend yield for the trailing twelve months is around 18.99%, more than SBAR's 12.53% yield.
| Position | TTM | 2025 |
|---|---|---|
SBAR Simplify Barrier Income ETF | 12.53% | 8.56% |
XV Simplify Target 15 Distribution ETF | 18.99% | 13.87% |
Frequently Asked Questions
XV and SBAR have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XV has higher volatility (3.17%) compared to SBAR (2.76%). In terms of maximum drawdown, XV dropped -5.73% vs SBAR's -5.32%.
On 1-year performance, XV leads with 13.44% vs 12.96% for SBAR. Both ETFs have the same 0.75% expense ratio. On volatility, SBAR has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XV has performed better with a 13.44% return vs 12.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XV and SBAR have the same expense ratio: 0.75% per year.
XV has the higher dividend yield at 18.99%, compared with 12.53% for SBAR.
SBAR currently has the higher Sharpe Ratio (1.48 vs 1.47), 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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