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 6 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% | 563.43M | May 2021 | ZVOL vs SVOL | |
| Dynamic Shares Trust - Dynamic Short Short-Term Vo... | 0.50% | 6.57M | Jan 2022 | ZVOL vs WEIX | |
| ProShares VIX Short-Term Futures ETF | 0.85% | 229.68M | Jan 2011 | ZVOL vs VIXY | |
| ProShares VIX Mid-Term Futures ETF | 0.85% | 44.93M | Jan 2011 | ZVOL vs VIXM | |
| iPath Series B S&P 500 VIX Short-Term Futures ETN | 0.89% | 510.38M | Jan 2018 | ZVOL vs VXX |
Best Risk-Adjusted Alternatives to ZVOL
ZVOL has a PortfoliosLab risk / return rank of 16. There are 2 ETFs in the Volatility category with higher risk-adjusted ranks, going as high as 31.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short VIX Short-Term Futures ETF | 31 | 249.79M | Oct 2011 | ZVOL vs SVXY | |
| Simplify Volatility Premium ETF | 18 | 563.43M | May 2021 | ZVOL vs SVOL | |
| ProShares VIX Mid-Term Futures ETF | 4 | 44.93M | Jan 2011 | ZVOL vs VIXM | |
| Volatility Shares 2x Long VIX Futures ETF | 2 | 425.83M | Mar 2022 | ZVOL vs UVIX | |
| ProShares Ultra VIX Short-Term Futures ETF | 1 | 398.99M | Oct 2011 | ZVOL vs UVXY |
Top Performing ZVOL Alternatives (YTD)
ZVOL is at -2.29% YTD. There are 3 ETFs in the Volatility category with higher YTD returns, going as high as 1.31%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares VIX Mid-Term Futures ETF | 1.31% | 44.93M | Jan 2011 | ZVOL vs VIXM | |
| Simplify Volatility Premium ETF | -0.40% | 563.43M | May 2021 | ZVOL vs SVOL | |
| ProShares Short VIX Short-Term Futures ETF | -0.92% | 249.79M | Oct 2011 | ZVOL vs SVXY | |
| iPath Series B S&P 500 VIX Short-Term Futures ETN | -8.16% | 510.38M | Jan 2018 | ZVOL vs VXX | |
| ProShares VIX Short-Term Futures ETF | -8.27% | 229.68M | Jan 2011 | ZVOL vs VIXY |
Lowest Volatility Alternatives to ZVOL
ZVOL has 18.74% 1-year volatility. There is 1 ETF in the Volatility category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dynamic Shares Trust - Dynamic Short Short-Term Vo... | 0.00% | 6.57M | Jan 2022 | ZVOL vs WEIX | |
| ProShares VIX Mid-Term Futures ETF | 18.98% | 44.93M | Jan 2011 | ZVOL vs VIXM | |
| Simplify Volatility Premium ETF | 20.90% | 563.43M | May 2021 | ZVOL vs SVOL | |
| ProShares Short VIX Short-Term Futures ETF | 28.62% | 249.79M | Oct 2011 | ZVOL vs SVXY | |
| iPath Series B S&P 500 VIX Short-Term Futures ETN | 55.57% | 510.38M | Jan 2018 | ZVOL vs VXX |
Lowest Drawdown Alternatives to ZVOL
ZVOL has a 1-year max drawdown of -16.46%. There are 2 ETFs in the Volatility category with shallower 1-year drawdowns, going as shallow as -13.01%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | -13.01% | 563.43M | May 2021 | ZVOL vs SVOL | |
| ProShares VIX Mid-Term Futures ETF | -15.22% | 44.93M | Jan 2011 | ZVOL vs VIXM | |
| ProShares Short VIX Short-Term Futures ETF | -22.94% | 249.79M | Oct 2011 | ZVOL vs SVXY | |
| iPath Series B S&P 500 VIX Short-Term Futures ETN | -56.23% | 510.38M | Jan 2018 | ZVOL vs VXX | |
| ProShares VIX Short-Term Futures ETF | -56.72% | 229.68M | Jan 2011 | ZVOL vs VIXY |
Other ETFs from Volatility Shares
The 8 most viewed Volatility Shares ETFs shown here include BITX, SVIX, ETHU and span 6 categories. AUM among these funds goes as high as $2B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Volatility Shares 2x Bitcoin Strategy ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -52.31% | 1.03B | Jun 2023 | ZVOL vs BITX | |
| Volatility Shares -1x Short VIX Futures ETF | Inverse Equities | 26 | -8.17% | 215.09M | Mar 2022 | ZVOL vs SVIX | |
| Volatility Shares 2x Ether ETF | Cryptocurrency, Leveraged Cryptocurrency | 4 | -71.31% | 2.03B | Nov 2023 | ZVOL vs ETHU | |
| Solana ETF | Cryptocurrency | 2 | -42.90% | 225.52M | Mar 2025 | ZVOL vs SOLZ | |
| -1x Short VIX Mid-Term Futures Strategy ETF | Inverse Equities | — | — | 12.30M | Apr 2023 | ZVOL vs ZIVB | |
| Volatility Shares One+One Nasdaq-100® and Bitcoin ... | Nasdaq-100, Leveraged Equities, Leveraged Cryptocurrency | 4 | -18.43% | 1.44M | Feb 2025 | ZVOL vs OOQB | |
| Volatility Shares 2x XRP ETF | Cryptocurrency, Leveraged Cryptocurrency | 3 | -69.02% | — | May 2025 | ZVOL vs XRPT | |
| 2x Solana ETF | Blockchain | 2 | -74.43% | 663.43M | Mar 2025 | ZVOL vs SOLT |
Often Compared With ZVOL
Investors most often compare ZVOL with SGOV, GPIX, SPY. These 19 comparison targets span 11 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