Volatility Premium Plus ETF (ZVOL)

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The chart shows the growth of an initial investment of $10,000 in Volatility Premium Plus ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Volatility Premium Plus ETF (ZVOL) has returned -11.39% so far this year and -12.23% over the past 12 months.

Based on dividend-adjusted daily data since Apr 19, 2023, ZVOL's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, your investment would double in approximately 5.8 years.

Historically, 47% of months were positive and 53% were negative. The best month was Jun 2023 with a return of +22.1%, while the worst month was Apr 2025 at -15.8%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 5 months.

On a daily basis, ZVOL closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +10.2%, while the worst single day was Aug 5, 2024 at -13.2%.

Volatility Premium Plus ETF has an annualized alpha of -10.73%, beta of 1.52, and R² of 0.58 versus S&P 500 Index. Calculated based on daily prices since April 20, 2023.

• This ETF participated in 138.22% of S&P 500 Index downside but only 95.10% of its upside — more exposed to losses than it benefited from rallies.
• This ETF had an annualized alpha of -10.73% versus S&P 500 Index — delivering less than market exposure alone would predict.
• Beta of 1.52 means this ETF moves significantly more than S&P 500 Index — expect amplified gains in rallies and amplified losses in downturns.

ZVOL has a high expense ratio of 1.35%, indicating above-average management fees.

ZVOL ranks 4 for risk / return — in the bottom 4% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Volatility Premium Plus ETF (ZVOL) and compare them to a chosen benchmark (S&P 500 Index).

Volatility Premium Plus ETF provided a 69.95% dividend yield over the last twelve months, with an annual payout of $5.82 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Volatility Premium Plus ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Volatility Premium Plus ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Volatility Premium Plus ETF was 37.25%, occurring on Apr 21, 2025. The portfolio has not yet recovered.

The current Volatility Premium Plus ETF drawdown is 29.42%.

The chart below shows the rolling one-month volatility.