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Simplify Volatility Premium ETF

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.

SVOL offers investors a unique 16.79% yielding, tax-efficient strategy combining VIX futures contracts and fixed income investments, providing high income and diversification in an equity portfolio. The fund has outperformed the S&P 500 since its inception with half the correlation to the market and higher risk-adjusted returns. Although the fund has proven resilient to sharper spikes in market volatility, it remains untested to Black Swan events.

SVOL: Generating Alpha With A Unique Income Portfolio Diversifier

I am downgrading SVOL from "strong buy" to "buy" due to increased equity risk and opaqueness in its strategy. SVOL's new strategy involves significant exposure to S&P 500 ETF shares and short futures contracts, raising concerns about prudence. Dividend reductions from $0.32 to $0.28 have been noted, although the distribution yield target remains at 15%+.

SVOL: Changing Holdings Make Me Nervous (Rating Downgrade)

SVOL's strategy of shorting VIX futures and using hedges like VIX calls and S&P500 put spreads proved effective during August's dip, preventing permanent capital losses. The fund's portfolio remains heavily invested in Treasury Bills, with increased complexity and diversification into currency futures and multiple VIX call expiration dates. Despite a slight dividend cut to $0.28, the 16% yield is mostly sustainable, supported by expected market growth and improved options trade profits from rate cuts.

SVOL: Big Yield Passing The Tests

The Simplify Volatility Premium ETF (SVOL) has become one of the most popular funds among income investors this year. It has done modestly well since its inception, and has one of the highest dividend yields in the industry.

SVOL: Is this 16% yielding a good ETF to buy and hold?

The fund's large holdings in "fixed-income ETFs" and options mean it shouldn't be treated solely as a short VIX futures fund but rather as a hedge fund for income. Its fixed-income ETFs consist of Simplify's other funds that often have their own option overlays on top of their holdings. Distributions look to be sustainable given SVOL's balance sheets and ability to regrow NAV after each distribution.

SVOL: Treat This Like A High-Yield Hedge Fund

NEW YORK--(BUSINESS WIRE)--Simplify announces net asset value restatement for AGGH and SVOL ETFs.

Net Asset Value Restatement for Simplify Aggregate Bond ETF (AGGH) & Simplify Volatility Premium ETF (SVOL)

The Simplify Volatility Premium ETF aims for 15% annual returns through short VIX futures, bond collateral, and options spreads, showcasing strong active management. Despite a recent VIX spike, SVOL's risk management and hedging strategies worked as expected, ensuring quick recovery and minimal shareholder losses. SVOL's holdings, including various Simplify ETFs, add convexity and yield, but also introduce significant derivative-related risks that need careful monitoring.

SVOL: The Hedge Worked, I Maintain A Strong Buy

SVOL typically shorts between 20% and 30% of its portfolio across the VIX futures term structure, greatly limiting downside risk compared to other products with more exposure. SVOL allocates 2% to 4% of its portfolio annually to mitigate VIX spikes, utilizing strategies such as purchasing call options on the VIX or implementing equity puts or put spreads for added protection. We believe that SVOL is a better-designed short VIX strategy, offering investors an alternative source of equity income with enhanced risk management.

Navigating A Historic VIX Spike With SVOL

ProShares Short VIX Short-Term Futures ETF

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Volatility ETFs stood out over the last week amid the big market sell-off. Volatility spiked considerably as a wave of selling spread from Japan.

3 Short-Term Volatility ETFs to Watch Following Market Sell-Off

SVOL is an interesting high-yield ETF, and we like how the fund is structured to produce income over time. In theory, SVOL should be somewhat susceptible to spikes in the VIX, and this has prevented us from getting 'too large' in the name in the past. Monday, we got our first look into how the ETF would perform during a spike in volatility, and it did incredibly well.

SVOL Just Passed A Massive Test, We're Big Buyers

Simple investments can be more successful than complicated ones, as overly complex investments may hide unacceptable risks. The Simplify Volatility Premium ETF offered total returns of 27.54% over the last 3 years, but recent performance and tax structure raise concerns. SVOL's strategy involves shorting the VIX and investing in government bonds, but consistent decline in net asset value and unfavorable taxes make it a sell.

SVOL: Recent Sell-Off Highlights The Fund's Poor Construction

High-yield monthly paying dividends are becoming increasingly popular. SVOL is a unique strategy ETF that offers a 16% yield, paid monthly. SVOL is designed to deliver market-like returns with lower volatility and diversify one's portfolio.

SVOL: This 16% Yielding Monthly Dividend ETF Is Perfect For One Type Of Investor

SVOL is a top-rated ETF with low volatility and a stable yield of about 16%. SVOL is a market observable income play that is highly manageable with known VIX patterns. It is a good portfolio diversifier. Investors should be cautious of the rare cases of extreme VIX values that could lead to substantial losses with SVOL, but overall, it remains a strong buy for income investors.

SVOL: A Manageable Super Yielder And Quality Income Diversifier

The Simplify Volatility Premium ETF (SVOL) has returned a little over 7% with distributions, but a buy-and-hold of the S&P 500 would have returned almost double that. SVOL aims to short the VIX at a rate of ~0.25X and generate income from its positions, providing shareholders an annualized distribution yield of about 15%. The fund has improved in executing its strategy, but the construction of SVOL is not likely to outperform during a bull market in equities.

SVOL Sees Big Improvement, But Still The Wrong Place To Be

Simplify Volatility Premium ETF has a high yield of 16% that might startle some, but there is reason to think it can deliver. SVOL's strategy involves shorting VIX futures contracts and investing in fixed-income assets to provide a stable source of income. The fund has performed well since its inception, beating the S&P 500 and consistently paying monthly dividends.

SVOL: I Think It's A Top Income ETF

The Simplify Volatility Premium ETF aims to generate income by selling futures on the CBOE Volatility Index. SVOL has experienced some NAV erosion but has maintained a relatively stable level and outperformed the S&P 500 total return since its inception. The fund has made significant changes to its holdings, reducing exposure to the aggregate bond index and increasing investments in high yield credit, T-Bills, and new-issue mortgages.

SVOL: I Am Pleased With The New Holdings (Upgrade)

Simplify Volatility Premium ETF is a popular income-generating ETF with an yield of 16% by betting against VIX. Many people are concerned that it may not be relevant to "short" VIX when VIX is so low as it is. The fund continues to outperform the overall market in total returns as well as risk-adjusted returns.

SVOL: Still Relevant In A Low Volatility Environment

SVOL is a complex ETF that uses the volatility index, not stocks, as a primary driver of returns and cash distribution.

SVOL: Enough Complexity, Not Enough Benefits

SVOL utilizes a volatility selling strategy by selling VIX futures one month out instead of the front month future.

The SVOL Advantage: Smarter Exposure To Market Volatility

Simplify Volatility Premium ETF receives a buy rating after addressing concerns regarding dividend distributions and underlying holdings changes. Return of capital distributions have ended, signaling a shift in strategy by portfolio managers. SVOL has reduced its holdings of CYA and added VIX call options, improving its position in the market.

SVOL: Trends Reverse, Reinstating My Buy Rating (Upgrade)

SVOL is a well-designed income ETF that hedges out black-swan convexity risk. The ETF sells VIX futures to generate yield, producing a similar income but a superior risk profile to other income ETFs. While we expect the yield to remain solid, the AUM of the strategy may decline in coming weeks and months, potentially impacting absolute returns.

SVOL: It's Time To Trim (Rating Downgrade)

Volatility funds have become popular for gaining exposure to the S&P 500 volatility index, but there are risks involved. The Simplify Volatility Premium ETF offers a different approach to shorting the VIX with a hedging strategy and lower risk exposure. Recent distribution trends and the low VIX make SVOL less attractive for investment at the moment.

SVOL: Looking To Generate Income From The VIX? Look Elsewhere

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NEW YORK--(BUSINESS WIRE)--Simplify announced today that it expects to deliver capital gains distributions across six Simplify ETFs.

Simplify Provides Estimated Capital Gain Distribution Information for 2023

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Imagine stocks or funds that pay out their dividends once a month! Unlike waiting for quarterly, semi-annual or (ugh) annual payouts, your angst awaiting money is reduced by 300% or more! These December U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net gains include: 1. Stocks by yield (79); 2. Stocks by price upside (30); 3. Closed-End-Investments, Exchange-Traded Funds & Notes (CEICs/ETFs/ETNs) by yield >9.5% (80). Items: 1. Top MoPay stock gains; 2. Overall best MoPay gainers; 3. Funds vs. Equities; 4. Fund risks/rewards. All per prices as of 12/8/23.

79 Monthly-Paying Dividend Stocks And 80 Funds For December

-1x Short VIX Futures ETF

Recreating Simplify Volatility Premium ETF's strategy using short volatility ETFs is possible and provides us insight into SVOL's potential flaws. ProShares Short VIX Short-Term ETF and Volatility Shares' -1x Short VIX Futures ETF offer investors access to ETF-only portfolio strategies that can provide short volatility exposure. These strategies are unique because they give investors access to gains via capital gains, not current income. The strategies perform wildly different based on varied backtests.

News for Simplify Volatility Premium ETF ETF (SVOL)