BRKD vs. ZIVB

Last updated Jun 24, 2026

BRKD (Direxion Daily BRKB Bear 1X Shares) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. BRKD is passively managed, while ZIVB is actively managed. BRKD charges 1.00%/yr vs 1.35%/yr for ZIVB.

Performance

BRKD vs. ZIVB - Performance Comparison

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

Returns By Period

BRKD

• 1D: 0.00%
• 1M: 0.00%
• YTD: 5.90%
• 6M: 5.55%
• 1Y: 5.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZIVB

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

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

BRKD vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
BRKD Direxion Daily BRKB Bear 1X Shares	0.00%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	33.28%

Return for Risk

BRKD vs. ZIVB — Risk / Return Rank

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

BRKD

BRKD Risk / Return Rank: 15
BRKD Sharpe Ratio Rank: 15
BRKD Sortino Ratio Rank: 15
BRKD Omega Ratio Rank: 15
BRKD Calmar Ratio Rank: 16
BRKD Martin Ratio Rank: 14

ZIVB

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

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.

BRKD vs. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily BRKB Bear 1X Shares (BRKD) 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.

	BRKD	ZIVB	Difference
Sharpe ratio: Return per unit of total volatility	0.42	—	—
Sortino ratio: Return per unit of downside risk	0.73	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	0.58	—	—
Martin ratio: Return relative to average drawdown	1.12	—	—

Drawdowns

BRKD vs. ZIVB - Drawdown Comparison

The maximum BRKD drawdown since its inception was -17.92%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BRKD and ZIVB.

Drawdown Indicators

	BRKD	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-17.92%	0.00%	-17.92%
Max Drawdown (1Y) Largest decline over 1 year	-9.34%	—	—
Current Drawdown Current decline from peak	-3.69%	0.00%	-3.69%
Average Drawdown Average peak-to-trough decline	-7.58%	0.00%	-7.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.80%	—	—

Volatility

Volatility by Period

	BRKD	ZIVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.02%	112.57%	-99.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.94%	112.57%	-95.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	112.57%	-95.63%

BRKD vs. ZIVB - Expense Ratio Comparison

BRKD has a 1.00% expense ratio, which is lower than ZIVB's 1.35% expense ratio.

Dividends

BRKD vs. ZIVB - Dividend Comparison

BRKD's dividend yield for the trailing twelve months is around 2.82%, more than ZIVB's 2.37% yield.

Position	TTM	2025
BRKD Direxion Daily BRKB Bear 1X Shares	2.82%	3.50%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	2.37%	0.00%

Frequently Asked Questions

Which ETF is better, BRKD or ZIVB?

On fees, BRKD is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BRKD or ZIVB?

BRKD is cheaper with a 1.00% expense ratio, compared with 1.35% for ZIVB.

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

BRKD has the higher dividend yield at 2.82%, compared with 2.37% for ZIVB.

What is the main difference between BRKD and ZIVB?

They also come from different issuers: Direxion and Volatility Shares. Their fees differ too: 1.00% for BRKD and 1.35% for ZIVB.