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Volatility Premium Plus ETF (ZVOL) Sharpe Ratio: 0.83

ETF · Currency in USD · Last updated Jun 23, 2026

The ETF seeks to offer a monthly income stream by monetizing the volatility premium in the VIX futures term structure, providing daily investment results that mirror those of the S&P 500 VIX Mid-Term Futures Inverse Daily Index.

ZVOL's Sharpe Ratio of 0.83 indicates that for each unit of volatility, it generates 0.83 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

ZVOL Sharpe Ratio Rank

ZVOL Sharpe Ratio Rank: 23.824
Below Average

ZVOL ranks above 23.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

ZVOL Sharpe Ratio Market Positioning

The chart shows ZVOL's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.31
  • Green zone (top 25%): 2.31 or higher
  • Top 1%: 7.39+
  • Median: 1.68 — half of all investments score higher

How it compares to other similar ETFs

The table compares Volatility Premium Plus ETF's Sharpe Ratio with other ETFs in the Volatility category across multiple time periods, showing how ZVOL's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
SVXYProShares Short VIX Short-Term Futures ETF1.39
SVIX-1x Short VIX Futures ETF1.21
SVOLSimplify Volatility Premium ETF0.98
ZVOLVolatility Premium Plus ETF0.83
VIXMProShares VIX Mid-Term Futures ETF-0.73
UVIX2x Long VIX Futures ETF-0.79
UVXYProShares Ultra VIX Short-Term Futures ETF-0.90
VIXYProShares VIX Short-Term Futures ETF-1.04
VXXiPath Series B S&P 500 VIX Short-Term Futures ETN-1.04
WEIXDynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF—

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows ZVOL's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when ZVOL consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does ZVOL fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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