SVOL vs ZHDG
Simplify Volatility Premium ETF vs ZEGA Buy and Hedge ETF
Which is better, SVOL or ZHDG?
Each has led over a different period.
SVOL has a lower expense ratio. SVOL led over 1Y, 5Y and the full window, ZHDG over 3Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SVOL | ZHDG |
|---|---|---|
| Expense Ratio | 0.66%Best | 0.95% |
| AUM | $530M | $31M |
| Dividend Yield | 21.23% | 2.42% |
| Holdings | 109 | 28 |
| YTD Return | +11.39%Best | +6.90% |
| 1Y Return | +17.01%Best | +8.99% |
| 3Y Return (annualized) | +8.93% | +14.14%Best |
| 5Y Return (annualized) | +7.72%Best | +6.03% |
| Volatility (annualized) | 13.6% | 12.3%Best |
| Max Drawdown | -33.5% | -23.3%Best |
| $10,000 over 5 years | $14,504Best | $13,401 |
| Fund Family | Simplify Exchange Traded Funds | Zega ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 12, 2021 | Jul 6, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jul 7, 2021 to Oct 14, 2026 (5.3 years).
SVOL vs ZHDG growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.3 years both funds cover.
SVOL vs ZHDG Performance
Simplify Volatility Premium ETF (SVOL) is an ETF from Simplify Exchange Traded Funds and ZEGA Buy and Hedge ETF (ZHDG) is an ETF from Zega ETFs. Over the past year SVOL returned +17.01% while ZHDG returned +8.99%. Year to date, SVOL is up 11.39% versus a gain of 6.90% for ZHDG.
Over three years, SVOL compounded at +8.93% per year against +14.14% for ZHDG; over five years the annualized figures are +7.72% and +6.03% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SVOL has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 12.3% for ZHDG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.5% for SVOL and -23.3% for ZHDG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SVOL charges 0.66% per year while ZHDG charges 0.95%. On a $10,000 position that is $66 vs $95 annually, a gap of $29 per year that compounds over a long holding period. On income, SVOL currently yields 21.23% against 2.42% for ZHDG.
Holdings Overlap
We hold position weights for 10 holdings in SVOL and 2 in ZHDG, totalling 48.8% and 8.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 10 positions we hold weights for in SVOL and 2 in ZHDG, against full books of 109 and 28.
You are not choosing between two funds in isolation.
Whichever of SVOL and ZHDG you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SVOL or ZHDG?
SVOL has an expense ratio of 0.66% while ZHDG charges 0.95%. SVOL is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, SVOL or ZHDG?
Over the past year SVOL returned +17.01% vs +8.99% for ZHDG, so SVOL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SVOL or ZHDG?
SVOL has been the more volatile fund at 13.6% annualized versus 12.3% for ZHDG. Worst drawdown: SVOL -33.5% vs ZHDG -23.3%.
Should I hold both SVOL and ZHDG?
SVOL and ZHDG have a monthly-return correlation of 0.72, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SVOL or ZHDG?
SVOL yields 21.23% while ZHDG yields 2.42%, so SVOL currently pays the higher dividend yield.
Is ZHDG better than SVOL?
SVOL has a lower expense ratio. SVOL led over 1Y, 5Y and the full window, ZHDG over 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.