What is SVOL?

SVOL is an actively managed portfolio that aims to provide income via short exposure to S&P 500 VIX short-term futures, reset daily. The fund also utilizes an option overlay strategy to protect against adverse moves in VIX.

PERFORMANCE [as of 03/27/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SVOL -2.04% 1.89% 1.34% 2.59% -- -- --
SVOL (NAV) -0.84% 2.32% 1.88% 3.54% -- -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SVOL Factset Analytics Insight

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 fund’s 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.

SVOL Summary Data

Simplify
05/12/21
0.66%
$200.66M
No Underlying Index
N/A
Open-Ended Fund

Peers

N/A

Fund Flows

+$0.01B 5 Days
+$0.05B 30 Days
+$0.09B 90 Days

SVOL Fund Structure

Yes
No
-- / --
N/A
N/A
Low
Variable
Daily

SVOL Tax Exposures

20.00% / 39.60%
--
No

SVOL Portfolio Data

16.64%
N/A

SVOL Index Data

No Underlying Index
Proprietary
Proprietary
N/A

Factset Analytics Block Liquidity

As of 03/28/23

This measurement shows how easy it is to trade a $1 million USD block of SVOL. SVOL is rated a 5 out of 5.

SVOL Tradability

164,240
$3.61M
148,752
$3.34M
0.13%
$0.03
0.22%
1.25% / -0.74%
None
100.00%
25,000
5.95
--
--
0
$21.64
5

Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.