ETF Evaluator:
Simplify Volatility Premium ETF ()
Follow This ETF
(as of Nov 13)
Best Performing in Derivative Income - Diversified Over the Last Year
| 24.9% | Federated Hermes Enhanced Income ETF (PAYR) |
| 21.1% | Amplify COWS Covered Call ETF (HCOW) |
| 20.5% | Parametric Equity Premium Income ETF (PAPI) |
| 20.2% | First Trust Small Cp BuyWrt Inc ETF (FTKI) |
| 19.9% | Cullen Enhanced Equity Income ETF (DIVP) |
Risk
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Risk
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ETF Details
Simplify Volatility Premium ETF Overview
Simplify Volatility Premium ETF (SVOL) is an actively managed Nontraditional Equity Derivative Income - Diversified exchange-traded fund (ETF). Simplify Asset Management launched the ETF in 2021.
The investment seeks to provide investment results, before fees and expenses, that correspond to approximately one-fifth to three-tenths the inverse (-0.2x to -0.3x) of the performance of a short-term volatility futures index while also seeking to mitigate extreme volatility.
In pursuing its investment objective, the fund primarily purchases or sells futures contracts, call options, and put options on VIX futures. The fund holds cash, cash-like instruments or high-quality fixed income securities (collectively, “Collateral”).
About Simplify Volatility Premium ETF (SVOL)
There are 3 members of the management team with an average tenure of 4.31 years: Shailesh Gupta (2021), David Berns (2021) and Jeffrey Schwarte (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of -100%. Simplify Volatility Premium ETF has 63 securities in its portfolio. The top 10 holdings constitute 100.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Simplify Volatility Premium ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. Simplify Volatility Premium ETF has 0.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 16.5% There is 0.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 18.2% (18.0% domestic bond, 0.2% foreign bond and 0.0% convertible bond). Simplify Volatility Premium ETF has 97.6% of the portfolio in cash.
Assets Under Management
The fund has $500 million in total assets, which is below the $1 billion average for the Derivative Income - Diversified category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SVOL Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Simplify Volatility Premium ETF expense ratio is above average compared to funds in the Derivative Income - Diversified category. Simplify Volatility Premium ETF has an expense ratio of 0.78%, which is 7% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Simplify Volatility Premium ETF has a portfolio turnover rate of 31%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 65% for the Derivative Income - Diversified category.
Recently, in the month of October 2026, Simplify Volatility Premium ETF returned -0.3%, which earned it a grade of C, as the Derivative Income - Diversified category had an average return of -2.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Simplify Volatility Premium ETF has a trailing yield of 6.72%, which is above the 6.26% category average.
The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Simplify Volatility Premium ETF Grades
Year to date, the ETF has returned 8.1%, 0.9 percentage points worse than the category, which translates into a grade of D. The fund has returned 11.1% over the past year (grade of C), 8.1% over the past three years (grade of F) and 7.0% per year over the past five years (grade of D).
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SVOL Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SVOL Return (NAV) | -0.3% | 6.4% | 11.1% | 8.1% | 7.0% | na |
| SVOL Return (Price) | -0.2% | 7.2% | 12.0% | 8.3% | 7.2% | na |
| NAV +/- Price Return | -0.125% | -0.795% | -0.855% | -0.214% | -0.188% | na |
| Derivative Income - Diversified Avg | -2.0% | 0.9% | 10.1% | 16.5% | 8.1% | 8.1% |
| SVOL Grade (NAV) | C | A | C | F | D | na |
| +/- Category (NAV) | 1.6% | 5.5% | 1.0% | -8.4% | -1.1% | na |
| SVOL Tax-Cost Ratio | na | na | 2.4% | 4.0% | 5.1% | na |
SVOL Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SVOL Return (NAV) | 8.1% | 2.5% | 7.2% | 23.0% | -4.6% | na | na | na | na | na | na |
| SVOL Return (Price) | 9.2% | 2.3% | 6.7% | 22.8% | -3.2% | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.139% | -0.049% | -0.064% | -0.009% | -0.297% | na | na | na | na | na | na |
| Derivative Income - Diversified Avg | 8.9% | 13.8% | 15.9% | 16.3% | -11.8% | 19.1% | 3.7% | 19.2% | -5.9% | 14.0% | 7.1% |
| SVOL Grade (NAV) | D | F | F | A | B | na | na | na | na | na | na |
| +/- Category | -0.9% | -11.4% | -8.8% | 6.8% | 7.2% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.84 |
| R-Squared: | 53% |
| Standard Deviation: | 14.6% |
| Category Risk Index: | 1.41 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.21 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 6.7% |
| Total Assets: | $ 500 Mil |
| Share Class Assets: | $ 500 Mil |
| Turnover: | 31.0% |
| Expense Ratio: | 0.78% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | -100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 5.5 years | |||
| Average Tenure: 4.3 years | |||
| Managers (Year): Gupta Shailesh (2021), Berns David (2021), Schwarte Jeffrey (2024) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 63 |
| % in Top 10 Holdings: | 100.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.3% |
Portfolio Allocation |
|
| Domestic Stock: | 16.5% |
| Foreign Stock: | 0.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 18.0% |
| Foreign Bond: | 0.2% |
| Convertible Bond: | 0.0% |
| Other: | -32.3% |
| Cash: | 97.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Simplify Asset Management |
| Phone Number: | 855-772-8488 |
| Website: | |
| Inception Date: | May 12, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.78% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.73% |
