Correlation
The correlation between ZVOL and SVOL is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
ZVOL vs. SVOL
Compare and contrast key facts about Volatility Premium Plus ETF (ZVOL) and Simplify Volatility Premium ETF (SVOL).
ZVOL and SVOL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZVOL is a passively managed fund by Volatility Shares that tracks the performance of the S&P 500 VIX Mid Term Futures Inverse Daily Index. It was launched on Apr 17, 2023. 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: ZVOL or SVOL.
Performance
ZVOL vs. SVOL - Performance Comparison
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Key characteristics
ZVOL:
-0.69
SVOL:
-0.23
ZVOL:
-0.71
SVOL:
-0.08
ZVOL:
0.90
SVOL:
0.99
ZVOL:
-0.70
SVOL:
-0.25
ZVOL:
-1.60
SVOL:
-0.93
ZVOL:
16.35%
SVOL:
8.87%
ZVOL:
40.29%
SVOL:
37.33%
ZVOL:
-37.25%
SVOL:
-33.50%
ZVOL:
-28.50%
SVOL:
-13.91%
Returns By Period
In the year-to-date period, ZVOL achieves a -19.85% return, which is significantly lower than SVOL's -9.50% return.
ZVOL
-19.85%
2.25%
-24.28%
-27.50%
N/A
N/A
N/A
SVOL
-9.50%
2.36%
-12.57%
-8.63%
7.75%
N/A
N/A
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ZVOL vs. SVOL - Expense Ratio Comparison
ZVOL has a 1.35% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Risk-Adjusted Performance
ZVOL vs. SVOL — Risk-Adjusted Performance Rank
ZVOL
SVOL
ZVOL vs. SVOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Premium Plus ETF (ZVOL) 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.
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Dividends
ZVOL vs. SVOL - Dividend Comparison
ZVOL's dividend yield for the trailing twelve months is around 44.70%, more than SVOL's 19.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
ZVOL Volatility Premium Plus ETF | 44.70% | 30.68% | 0.54% | 0.00% | 0.00% |
SVOL Simplify Volatility Premium ETF | 19.26% | 16.79% | 16.37% | 18.32% | 4.65% |
Drawdowns
ZVOL vs. SVOL - Drawdown Comparison
The maximum ZVOL drawdown since its inception was -37.25%, which is greater than SVOL's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for ZVOL and SVOL.
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Volatility
ZVOL vs. SVOL - Volatility Comparison
The current volatility for Volatility Premium Plus ETF (ZVOL) is 9.85%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 17.76%. This indicates that ZVOL 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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