APLZ vs. ZIVB

Last updated Jun 26, 2026

APLZ (Tradr 2X Short APLD Daily ETF) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. APLZ is passively managed, while ZIVB is actively managed. At a correlation of -0.01, they often move in opposite directions. APLZ charges 1.49%/yr vs 1.35%/yr for ZIVB.

Performance

APLZ vs. ZIVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Short APLD Daily ETF (APLZ) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

APLZ

• 1D: 5.04%
• 1M: 4.16%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZIVB

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

APLZ vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
APLZ Tradr 2X Short APLD Daily ETF	25.07%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	33.28%

Correlation

The correlation between APLZ and ZIVB is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	-0.01

Return for Risk

APLZ vs. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short APLD Daily ETF (APLZ) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

APLZ vs. ZIVB - Drawdown Comparison

The maximum APLZ drawdown since its inception was -91.78%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for APLZ and ZIVB.

Drawdown Indicators

	APLZ	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-91.78%	0.00%	-91.78%
Current Drawdown Current decline from peak	-89.49%	0.00%	-89.49%
Average Drawdown Average peak-to-trough decline	-57.58%	0.00%	-57.58%

Volatility

Volatility by Period

	APLZ	ZIVB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	219.87%	106.85%	+113.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	219.87%	106.85%	+113.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	219.87%	106.85%	+113.02%

APLZ vs. ZIVB - Expense Ratio Comparison

APLZ has a 1.49% expense ratio, which is higher than ZIVB's 1.35% expense ratio.

Dividends

APLZ vs. ZIVB - Dividend Comparison

APLZ has not paid dividends to shareholders, while ZIVB's dividend yield for the trailing twelve months is around 2.37%.

Position	TTM
APLZ Tradr 2X Short APLD Daily ETF	0.00%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	2.37%

Frequently Asked Questions

Can I hold both APLZ and ZIVB in my portfolio?

APLZ and ZIVB have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, APLZ or ZIVB?

On fees, ZIVB is cheaper at 1.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, APLZ or ZIVB?

ZIVB is cheaper with a 1.35% expense ratio, compared with 1.49% for APLZ.

Which ETF pays a higher dividend yield, APLZ or ZIVB?

ZIVB has the higher dividend yield at 2.37%, compared with 0.00% for APLZ.

What is the main difference between APLZ and ZIVB?

They also come from different issuers: Tradr and Volatility Shares. Their fees differ too: 1.49% for APLZ and 1.35% for ZIVB.