Income ETF health check
Simplify Volatility Premium ETF
SVOL
Simplify · Monthly · $518M
Current price
$16.26
As of 2026-09-29 · USD
Canary status
Meaningful NAV erosion alongside distributions — the yield trap pattern is showing.
Updated every Monday and Thursday
YieldCanary Health Metrics
Yield comparison
Advertised Yield
20.56%
Headline Yield (TTM)
20.96%
True Income Yield
9.43%
The real number is typically lower once return of capital is stripped out.
Health metrics
- Death Clock
- 0.87 yrs
- YieldCanary ROC %
- 55.0%
Income and return
- After-Tax Monthly (25%)
- $XX.XXUnlock free →
- Last Distribution
- $0.2800
- 1Y Price Return
- -8.25%
About True Income Yield
About True Income Yield: This is a YieldCanary proprietary sustainability indicator, not a standard accounting measure of economic gain. It strips return of capital from the headline yield to show only what the fund generated from real investment activity. Return of capital reduces your cost basis and the full economic gain is only realized when you sell your shares. YieldCanary calculates ROC from performance data, not from the 19a-1 notices that fund companies publish monthly. Our estimates can differ from official issuer reports and can differ significantly from your year-end 1099 tax forms. We are actively working on incorporating 19a-1 data to make these figures more precise. For confirmed ROC figures always check the fund's official 19a-1 notice on the issuer's website or your year-end 1099.
True Income Yield and Death Clock are YieldCanary proprietary metrics. Not financial advice. Data updates every Monday and Thursday.
Price and Distribution History
Data last updated: Sep 28, 2026. Updates every Monday and Thursday.
Sustainability analysis
Health Score Breakdown
SVOL is currently High Risk on YieldCanary. Meaningful NAV erosion is being detected alongside the distributions. The Death Clock of 0.87 years indicates the fund is on a concerning trajectory at the current pace. High ROC combined with a declining NAV is the yield trap pattern — the distributions look attractive but the underlying value is eroding.
See the full health score breakdown. Start your free 7-day trial.
Start 7 Day Free TrialFund questions
Frequently Asked Questions — SVOL
Is SVOL a good income ETF?
Based on YieldCanary's health framework, SVOL is currently High Risk. The fund is showing meaningful NAV erosion alongside its distributions. The Death Clock of 0.87 years indicates the fund is on a concerning trajectory at the current pace. This warrants significant caution before adding to or initiating a position. This is not financial advice — always do your own research and consult a qualified financial professional before making investment decisions.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
What does SVOL pay per month?
Based on last month's actual distribution of $0.2800 per share, $10,000 invested in SVOL at the current price of $16.26 generates approximately 615 shares. That's $172.20 gross per month before taxes. Your after-tax income depends on your personal tax rate and account type. Set your rate inside YieldCanary to see your exact after-tax monthly income and connect your portfolio to see what all of your holdings generate together. Distributions change month to month based on options premiums and market conditions. Past distributions are not a guarantee of future payments.
Calculate your after-tax income on SVOL free →YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
What is SVOL's True Income Yield?
YieldCanary's True Income Yield for SVOL is currently 9.43%. This is a distribution sustainability indicator — it strips the estimated return of capital portion from the headline TTM yield to show only what the fund generated from real investment activity. It is not an accounting measure of economic gain. Return of capital reduces your cost basis and full economic gain is only realized when you sell. SVOL's current ROC estimate is 55.0%. The full methodology breakdown is available inside YieldCanary. For confirmed ROC figures check the fund's official 19a-1 notice or your year-end 1099.
See the full health breakdown on SVOL free →YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
What is SVOL's Death Clock?
SVOL's Death Clock is currently 0.87 years. This estimates the number of years before 50% of the fund's NAV erodes at the current pace, assuming all things stay constant. It is a sustainability warning signal. The pace can improve or worsen as market conditions and distribution behavior change. Check back every Monday and Thursday when the data refreshes.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
Is SVOL's return of capital good or bad?
SVOL's current ROC estimate is 55.0%. A high ROC without NAV stability can indicate the fund is returning your own principal as income while the underlying value declines. The Death Clock and Canary Status reflect this in SVOL's current health rating. Note: YieldCanary calculates ROC from performance data, not 19a-1 filings.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
How does SVOL compare to similar funds?
On YieldCanary, SVOL is currently High Risk with a 9.43% True Income Yield and a Death Clock of 0.87 years. It pays Monthly distributions and has a 1-year price return of -8.25%. Similar funds from Simplify tracked on YieldCanary: Simplify Treasury Option Income ETF (BUCK) — currently Watch; Simplify Barrier Income ETF (SBAR) — currently Healthy; Simplify US Equity Income ETF (SPUC) — currently Healthy Full side-by-side comparison including True Income Yield, Death Clock, ROC%, and after-tax income across all similar funds is available inside YieldCanary.
Compare SVOL to similar funds free →YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
How often does SVOL pay distributions?
SVOL is a Monthly paying ETF. Distributions are paid once per month, which aligns well with monthly bills and expenses. Monthly payers are the most popular frequency among income investors for this reason. The most recent distribution was $0.2800 per share. To see exact upcoming ex-dividend and payment dates for SVOL in your portfolio, connect your holdings inside YieldCanary and check the Distribution Calendar.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
What is SVOL's AUM and why does it matter?
SVOL currently has $518M in assets under management. SVOL is a mid-sized fund with reasonable liquidity. Worth monitoring AUM trends over time to ensure the fund continues attracting assets. AUM alone does not determine whether a fund is healthy. Check the Canary Status and Death Clock above for the full sustainability picture.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
Is SVOL available in a Roth IRA?
Yes — SVOL can be held in a Roth IRA like any standard ETF, assuming your brokerage offers it. For income ETFs with high return of capital, a Roth IRA can be a particularly advantageous account type. ROC distributions reduce your cost basis in a taxable account, creating a deferred tax liability that grows over time. In a Roth IRA that tax treatment is irrelevant as all distributions are tax-free regardless of their character. This is not tax advice. Consult a tax professional about your specific situation and account type before making investment decisions.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
About the fund
Strategy & Objective
Simplify · Monthly
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.
At a glance
YieldCanary Health Summary
Simplify Volatility Premium ETF (SVOL) is a Monthly-paying income ETF issued by Simplify with $518M in assets under management. The fund has an advertised yield of 20.56% and a trailing 12-month headline yield of 20.96%. SVOL is currently High Risk on YieldCanary with a True Income Yield of 9.43% and a Death Clock of 0.87 years. The fund's current ROC estimate is 55.0% which warrants monitoring alongside the Canary Status. The most recent distribution was $0.2800 per share. The fund's price has returned -8.25% over the trailing 12 months.
Advertisement
Know If Your Income ETFs Are Actually Sustainable
YieldCanary health checks 320+ covered call and options income ETFs — showing you what the advertised yield doesn't. See what each fund really generates after taxes, whether the NAV is eroding, and how long the income can last at the current pace.
- See what each fund actually pays after taxes at your personal tax rate
- Know whether your funds are healthy or quietly returning your own money as income
- Connect your portfolio and see your complete income picture in one place
No commitment required. Cancel anytime.
Want to learn more about how to evaluate income ETFs? Visit the YieldCanary Education Hub →