Simplify Volatility Premium ETF
BThis fund tracks market volatility itself rather than stocks or bonds. It is built as a short-term trading instrument, not a buy-and-hold investment.
$16.90+0.13 (+0.78%)
- 0.66%
- $527M
- +20.1%
- 20.63%
- 0.3M sh
- $16.70
- low $15.06high $18.37
The ETF.net SVOL Grade
B
Score 58 out of 100
- 9 of 24
Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A72 out of 100Rank 6 of 24Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D26 out of 100Rank 20 of 24Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B58 out of 100Rank 9 of 24Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C54 out of 100Rank 7 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A89 out of 100Rank 1 of 24
Our read on SVOL
BShort volatility with the dial turned down: SVOL targets roughly a fifth to a third of the daily move in a short-term VIX futures index, and holds options on those futures to soften extreme spikes.
SVOL seeks daily, before-fee results of approximately -0.2x to -0.3x the performance of a short-term volatility futures index, while attempting to reduce extreme-volatility effects. It primarily uses VIX futures and options on those futures.
Why people hold it
- Not a full-throttle inverse VIX trade. The daily target is about -0.2x to -0.3x of a short-term VIX futures index, a deliberately partial dose of a violent exposure.simplify.us
- The short position is paired with options on VIX futures, built to blunt extreme volatility spikes rather than ride them bare.simplify.us
- Costs 0.66% a year, below the median for its options-income peer group, and it pays monthly.
- Running since 2021 with a roughly 30-position book, and it grades out in the upper half of its peer group.
Worth knowing
- Short volatility collects premium in small pieces and can give it back in bursts. The options overlay is sized to soften spikes, not erase them.
- The monthly payout comes from a derivatives strategy, so what volatility markets are paying drives the size of the check.
- A mid-size fund with moderate trading volume, so spreads can be wider than in the giant covered-call names.
SVOL Holdings
- Stocks
- 53
- 118%
- B 11/17/26 Govt
Sectors
- Technology39.9%
- Financials11.5%
- Health Care9.9%
- Communication9.4%
- Consumer Discretionary8.6%
- Industrials7.7%
- Consumer Staples4.5%
- Energy3.5%
- Real Estate1.8%
- Utilities1.8%
- Materials1.6%
Geography
- United States100.00%
SVOL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
SVOL$12,014
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SVOL |
|---|---|
| Year to date | +11.7% |
| 1 month | +1.7% |
| 3 months | +8.9% |
| 1 year | +20.1% |
| 3 years | +8.9% |
| 5 years | +8.3% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SVOL |
|---|---|---|
| 2026 YTD | +11.7% | |
| 2025 | +2.3% | |
| 2024 | +6.7% | |
| 2023 | +22.8% | |
| 2022 | −3.2% | |
| 2021 | +12.2% |
SVOL in the news
Category Review
The largest alternatives fund has no one-year record
SVOL Dividends
- 20.63%
- $3.46
- $0.28 per share
- Monthly
Distribution history
SVOL Risk
- 14.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.29
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −33.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.78
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SVOL Cost
0.66%
SVOL0.66%
- The middle half of Other Index Option Income funds
- Median 0.73%
8 of the 24 Other Index Option Income funds charge less.
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