CORD vs. SVIX

Last updated Jul 17, 2026

CORD (T-Rex 2X Inverse CRWV Daily Target ETF) and SVIX (-1x Short VIX Futures ETF) are both exchange-traded funds - CORD is a Inverse Equities fund actively managed by Tuttle Capital Management, while SVIX is a Volatility fund tracking the Short VIX Futures Index. CORD is actively managed, while SVIX is passively managed. At a correlation of -0.31, they often move in opposite directions. CORD charges 1.50%/yr vs 1.47%/yr for SVIX.

Performance

CORD vs. SVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Inverse CRWV Daily Target ETF (CORD) and -1x Short VIX Futures ETF (SVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CORD achieves a -77.19% return, which is significantly lower than SVIX's 1.07% return.

CORD

• 1D: 11.14%
• 1M: 121.46%
• 6M: -54.46%
• YTD: -77.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SVIX

• 1D: -2.39%
• 1M: 3.86%
• 6M: 0.74%
• YTD: 1.07%
• 1Y: 51.45%
• 3Y*: -5.58%
• 5Y*: —
• 10Y*: —

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

CORD vs. SVIX - Yearly Performance Comparison

	2026 (YTD)	2025
CORD T-Rex 2X Inverse CRWV Daily Target ETF	-77.19%	53.14%
SVIX -1x Short VIX Futures ETF	1.07%	17.00%

Correlation

The correlation between CORD and SVIX is -0.31, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025	-0.31

Return for Risk

CORD vs. SVIX — Risk / Return Rank

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

CORD

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

SVIX

SVIX Risk / Return Rank: 31
SVIX Sharpe Ratio Rank: 31
SVIX Sortino Ratio Rank: 32
SVIX Omega Ratio Rank: 35
SVIX Calmar Ratio Rank: 29
SVIX Martin Ratio Rank: 30

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.

CORD vs. SVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Inverse CRWV Daily Target ETF (CORD) and -1x Short VIX Futures ETF (SVIX). 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.

	CORD	SVIX	Difference
Sharpe ratio: Return per unit of total volatility	—	0.93	—
Sortino ratio: Return per unit of downside risk	—	1.44	—
Omega ratio: Gain probability vs. loss probability	—	1.20	—
Calmar ratio: Return relative to maximum drawdown	—	1.21	—
Martin ratio: Return relative to average drawdown	—	3.44	—

Drawdowns

CORD vs. SVIX - Drawdown Comparison

The maximum CORD drawdown since its inception was -93.69%, which is greater than SVIX's maximum drawdown of -79.30%. Use the drawdown chart below to compare losses from any high point for CORD and SVIX.

Drawdown Indicators

	CORD	SVIX	Difference
Max Drawdown Largest peak-to-trough decline	-93.69%	-79.30%	-14.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-42.69%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-79.30%	—
Current Drawdown Current decline from peak	-85.12%	-51.72%	-33.40%
Average Drawdown Average peak-to-trough decline	-60.91%	-32.18%	-28.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	14.99%	—

Volatility

Volatility by Period

	CORD	SVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.40%	—
Volatility (6M) Calculated over the trailing 6-month period	—	43.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	184.30%	55.42%	+128.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	184.30%	65.88%	+118.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	184.30%	65.88%	+118.42%

CORD vs. SVIX - Expense Ratio Comparison

CORD has a 1.50% expense ratio, which is higher than SVIX's 1.47% expense ratio.

Dividends

CORD vs. SVIX - Dividend Comparison

Neither CORD nor SVIX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CORD and SVIX in my portfolio?

CORD and SVIX have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CORD or SVIX?

On fees, SVIX is cheaper at 1.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CORD or SVIX?

SVIX is cheaper with a 1.47% expense ratio, compared with 1.50% for CORD.

Which ETF pays a higher dividend yield, CORD or SVIX?

CORD and SVIX have nearly identical dividend yields, around 0.00%.

What is the main difference between CORD and SVIX?

CORD is categorized as Inverse Equities, while SVIX is Volatility. They also come from different issuers: Tuttle Capital Management and Volatility Shares. Their fees differ too: 1.50% for CORD and 1.47% for SVIX.