Volatility Premium Plus ETF (ZVOL) belongs to the Volatility category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZVOL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ZVOL
ZVOL charges 1.35% annually. There are 7 ETFs in the Volatility category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | 0.50% | 523.04M | May 2021 | ZVOL vs SVOL | |
| Dynamic Short Short-Term Volatility Futures ETF | 0.50% | 6.57M | Jan 2022 | ZVOL vs WEIX | |
| ProShares VIX Mid-Term Futures ETF | 0.85% | 41.03M | Jan 2011 | ZVOL vs VIXM | |
| ProShares VIX Short-Term Futures ETF | 0.85% | 190.88M | Jan 2011 | ZVOL vs VIXY | |
| iPath Series B S&P 500 VIX Short-Term Futures ETN | 0.89% | 498.90M | Jan 2018 | ZVOL vs VXX |
Best Risk-Adjusted Alternatives to ZVOL
ZVOL has a PortfoliosLab risk / return rank of 33. There are 2 ETFs in the Volatility category with higher risk-adjusted ranks, going as high as 38.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | 38 | 523.04M | May 2021 | ZVOL vs SVOL | |
| ProShares Short VIX Short-Term Futures ETF | 38 | 201.45M | Oct 2011 | ZVOL vs SVXY | |
| -1x Short VIX Futures ETF | 31 | 195.06M | Mar 2022 | ZVOL vs SVIX | |
| ProShares VIX Mid-Term Futures ETF | 3 | 41.03M | Jan 2011 | ZVOL vs VIXM | |
| 2x Long VIX Futures ETF | 2 | 268.36M | Mar 2022 | ZVOL vs UVIX |
Top Performing ZVOL Alternatives (YTD)
ZVOL is at 4.86% YTD. No ETFs in the Volatility category have higher YTD returns; the top-performing alternatives shown here go as high as 4.84%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short VIX Short-Term Futures ETF | 4.84% | 201.45M | Oct 2011 | ZVOL vs SVXY | |
| Simplify Volatility Premium ETF | 1.82% | 523.04M | May 2021 | ZVOL vs SVOL | |
| -1x Short VIX Futures ETF | -0.08% | 195.06M | Mar 2022 | ZVOL vs SVIX | |
| ProShares VIX Mid-Term Futures ETF | -5.24% | 41.03M | Jan 2011 | ZVOL vs VIXM | |
| iPath Series B S&P 500 VIX Short-Term Futures ETN | -19.72% | 498.90M | Jan 2018 | ZVOL vs VXX |
Lowest Volatility Alternatives to ZVOL
ZVOL has 18.73% 1-year volatility. There are 2 ETFs in the Volatility category with lower 1-year volatility, going as low as 17.23%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | 17.23% | 523.04M | May 2021 | ZVOL vs SVOL | |
| ProShares VIX Mid-Term Futures ETF | 18.49% | 41.03M | Jan 2011 | ZVOL vs VIXM | |
| ProShares Short VIX Short-Term Futures ETF | 29.49% | 201.45M | Oct 2011 | ZVOL vs SVXY | |
| -1x Short VIX Futures ETF | 56.46% | 195.06M | Mar 2022 | ZVOL vs SVIX | |
| iPath Series B S&P 500 VIX Short-Term Futures ETN | 57.37% | 498.90M | Jan 2018 | ZVOL vs VXX |
Lowest Drawdown Alternatives to ZVOL
ZVOL has a 1-year max drawdown of -16.46%. There is 1 ETF in the Volatility category with a shallower 1-year drawdown, going as shallow as -11.42%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | -11.42% | 523.04M | May 2021 | ZVOL vs SVOL | |
| ProShares VIX Mid-Term Futures ETF | -19.36% | 41.03M | Jan 2011 | ZVOL vs VIXM | |
| ProShares Short VIX Short-Term Futures ETF | -22.94% | 201.45M | Oct 2011 | ZVOL vs SVXY | |
| -1x Short VIX Futures ETF | -42.69% | 195.06M | Mar 2022 | ZVOL vs SVIX | |
| iPath Series B S&P 500 VIX Short-Term Futures ETN | -54.59% | 498.90M | Jan 2018 | ZVOL vs VXX |
Other ETFs from Volatility Shares
The 6 most viewed Volatility Shares ETFs shown here include BITX, ETHU, SOLZ and span 3 categories. AUM among these funds goes as high as $906M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| 2x Bitcoin Strategy ETF | Cryptocurrency, Leveraged Cryptocurrency | 1 | -57.64% | 906.19M | Jun 2023 | ZVOL vs BITX | |
| Volatility Shares 2x Ether ETF | Leveraged Cryptocurrency, Cryptocurrency | 3 | -71.34% | 740.23M | Jun 2024 | ZVOL vs ETHU | |
| Solana ETF | Cryptocurrency | 3 | -42.02% | 92.03M | Mar 2025 | ZVOL vs SOLZ | |
| Volatility Shares 2x XRP ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -77.60% | — | May 2025 | ZVOL vs XRPT | |
| 2x Solana ETF | Blockchain | 3 | -75.54% | 124.67M | Mar 2025 | ZVOL vs SOLT | |
| Volatility Shares XRP ETF | Cryptocurrency | 1 | -44.21% | 92.72M | May 2025 | ZVOL vs XRPI |
Often Compared With ZVOL
Investors most often compare ZVOL with SGOV, GPIX, AMZY. These 19 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare ZVOL with Any Fund or Stock
Compare ZVOL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ZVOL with funds that move differently
Volatility Premium Plus ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZVOL.
Explore ZVOL Diversifiers