Skip to content

SVOLSimplify Volatility Premium ETF

Get incomeTake a bet5y track recordRanked #41 of 775 in this goal

Seeks to provide investment results that correspond to approximately -0.2x to -0.3x the performance of a short-term volatility futures index.

By Simplify Asset Management · Launched 2021

Annual Cost

0.66%

#3,374 of 5,562 · average

Fund Size

$563M

#1,469 of 5,562 · large

Dividend YieldGoal

22.02%

Track Record

5 years

#2,375 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,695+16.9%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

Global

Strategy

Option income

What it actually holds

By weight

Concentration

Top 10 holdings = 214.5% of funddiversified through underlying funds

TREASURY BILL
133.4%
TREASURY BILL
25.7%
Simplify US Equity PLUS Upside Convexity ETF
12.0%
Simplify Multi-QIS Alternative ETF
8.8%
TREASURY BILL
7.9%
TREASURY BILL
7.8%
Simplify National Muni Bond ETF
6.1%
Simplify Aggregate Bond ETF
6.1%
Simplify Next Intangible Core Index ETF
4.2%
Simplify Target 15 Distribution ETF
2.5%

Asset allocation

Cash
83.8%
Stocks
30.2%
Bonds
26.8%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
20.5%High

Year-on-year price swings

Max drawdown
-33.5%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.22Below average
Sortino (3Y)
0.34Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to provide investment results that correspond to approximately -0.2x to -0.3x the performance of a short-term volatility futures index.
Strategy
Actively managed ETF that seeks daily results corresponding to -0.2x to -0.3x the performance of a short-term volatility futures index. Primarily uses futures contracts, call options, and put options on VIX futures. May invest in other ETFs and holds cash or high-quality fixed income securities.
Inception date
May 12, 2021
Fund family
Simplify Asset Management

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

What's next?

You've reviewed SVOL. Save it to your watchlist to track it alongside the other funds you're weighing.

Data updated on 2026-06-19