BMNZ vs. ZIVB

Last updated Jun 6, 2026

BMNZ (Defiance Daily Target 2X Short BMNR ETF) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. BMNZ is passively managed, while ZIVB is actively managed. BMNZ charges 1.31%/yr vs 1.35%/yr for ZIVB.

Performance

BMNZ vs. ZIVB - Performance Comparison

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

Returns By Period

BMNZ

• 1D: 22.76%
• 1M: 77.00%
• YTD: 1.13%
• 6M: 35.73%
• 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)

BMNZ vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
BMNZ Defiance Daily Target 2X Short BMNR ETF	37.74%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%

Return for Risk

BMNZ vs. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short BMNR ETF (BMNZ) 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.

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

Sharpe Ratios by Period

	BMNZ	ZIVB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	—	—

Drawdowns

BMNZ vs. ZIVB - Drawdown Comparison

The maximum BMNZ drawdown since its inception was -70.80%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BMNZ and ZIVB.

Drawdown Indicators

	BMNZ	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-70.80%	0.00%	-70.80%
Current Drawdown Current decline from peak	-43.38%	0.00%	-43.38%
Average Drawdown Average peak-to-trough decline	-51.56%	0.00%	-51.56%

Volatility

Volatility by Period

	BMNZ	ZIVB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	190.13%	0.00%	+190.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	190.13%	0.00%	+190.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	190.13%	0.00%	+190.13%

BMNZ vs. ZIVB - Expense Ratio Comparison

BMNZ has a 1.31% expense ratio, which is lower than ZIVB's 1.35% expense ratio.

Dividends

BMNZ vs. ZIVB - Dividend Comparison

Neither BMNZ nor ZIVB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, BMNZ or ZIVB?

On fees, BMNZ is cheaper at 1.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BMNZ or ZIVB?

BMNZ is cheaper with a 1.31% expense ratio, compared with 1.35% for ZIVB.

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

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

What is the main difference between BMNZ and ZIVB?

They also come from different issuers: Defiance and Volatility Shares. Their fees differ too: 1.31% for BMNZ and 1.35% for ZIVB.