Simplify Volatility Premium ETF

Frequently Asked Questions About SVOL

What does SVOL invest in?

SVOL seeks to provide the daily investment results of -0.2x to -0.3x of the performance of the S&P 500 VIX short-term futures index. The fund primarily purchases or sells futures contracts, call options, and put options on the VIX futures to pursue its investment objective. Through its short exposure and erosion of time value, the fund looks to provide a source of monthly income. The fund also uses VIX call options as a hedge against adverse moves in VIX. The funds exposure is reset daily. Due to the nature of compounding, investors who hold shares of SVOL longer than a day, may experience performance returns that are different than the index. This performance difference can be significant during times of increased volatility. The fund invests through a subsidiary, which avoids K-1 tax reporting and credit risk investors face with other products in this space.

What is the expense ratio of SVOL?

Simplify Volatility Premium ETF (SVOL) charges an expense ratio of 0.66%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SVOL?

Simplify Volatility Premium ETF (SVOL) manages $535.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is SVOL actively managed or an index fund?

SVOL is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (SVOL's is 0.66%) because there's no security selection cost.

When was SVOL launched?

Simplify Volatility Premium ETF (SVOL) launched in May 2021 and is managed by Simplify.

How has SVOL performed?

SVOL's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.