BERZ vs. ZIVB

Last updated Jun 4, 2026

BERZ (MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. BERZ is passively managed, while ZIVB is actively managed. BERZ charges 0.95%/yr vs 1.35%/yr for ZIVB.

Performance

BERZ vs. ZIVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BERZ

• 1D: 3.73%
• 1M: -37.37%
• YTD: -65.19%
• 6M: -64.50%
• 1Y: -86.22%
• 3Y*: -77.59%
• 5Y*: —
• 10Y*: —

ZIVB

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

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

BERZ vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN	-2.38%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%

Return for Risk

BERZ vs. ZIVB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BERZ

BERZ Risk / Return Rank: 0
BERZ Sharpe Ratio Rank: 1
BERZ Sortino Ratio Rank: 0
BERZ Omega Ratio Rank: 0
BERZ Calmar Ratio Rank: 0
BERZ Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BERZ vs. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) 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.

	BERZ	ZIVB	Difference
Sharpe ratio: Return per unit of total volatility	-1.14	—	—
Sortino ratio: Return per unit of downside risk	-2.96	—	—
Omega ratio: Gain probability vs. loss probability	0.69	—	—
Calmar ratio: Return relative to maximum drawdown	-0.99	—	—
Martin ratio: Return relative to average drawdown	-1.54	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BERZ	ZIVB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.75	—	—

Drawdowns

BERZ vs. ZIVB - Drawdown Comparison

The maximum BERZ drawdown since its inception was -99.80%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BERZ and ZIVB.

Drawdown Indicators

	BERZ	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-99.80%	0.00%	-99.80%
Max Drawdown (1Y) Largest decline over 1 year	-87.32%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-98.97%	—	—
Current Drawdown Current decline from peak	-99.79%	0.00%	-99.79%
Average Drawdown Average peak-to-trough decline	-71.57%	0.00%	-71.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.07%	—	—

Volatility

Volatility by Period

	BERZ	ZIVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	57.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	75.77%	0.00%	+75.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	92.20%	0.00%	+92.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	92.20%	0.00%	+92.20%

BERZ vs. ZIVB - Expense Ratio Comparison

BERZ has a 0.95% expense ratio, which is lower than ZIVB's 1.35% expense ratio.

Dividends

BERZ vs. ZIVB - Dividend Comparison

Neither BERZ nor ZIVB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, BERZ or ZIVB?

On fees, BERZ is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BERZ or ZIVB?

BERZ is cheaper with a 0.95% expense ratio, compared with 1.35% for ZIVB.

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

BERZ and ZIVB have nearly identical dividend yields, around 0.00%.

What is the main difference between BERZ and ZIVB?

They also come from different issuers: BMO and Volatility Shares. Their fees differ too: 0.95% for BERZ and 1.35% for ZIVB.