CSCS vs. ZIVB

Last updated Jun 4, 2026

CSCS (Direxion Daily CSCO Bear 1X Shares) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. CSCS charges 1.00%/yr vs 1.35%/yr for ZIVB.

Performance

CSCS vs. ZIVB - Performance Comparison

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

Returns By Period

CSCS

• 1D: 1.10%
• 1M: -28.69%
• YTD: -42.32%
• 6M: -41.59%
• 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)

CSCS vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
CSCS Direxion Daily CSCO Bear 1X Shares	-6.35%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%

Return for Risk

CSCS vs. ZIVB - Risk-Adjusted Trends Comparison

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

	CSCS	ZIVB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.67	—	—

Drawdowns

CSCS vs. ZIVB - Drawdown Comparison

The maximum CSCS drawdown since its inception was -50.80%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for CSCS and ZIVB.

Drawdown Indicators

	CSCS	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-50.80%	0.00%	-50.80%
Current Drawdown Current decline from peak	-50.26%	0.00%	-50.26%
Average Drawdown Average peak-to-trough decline	-13.70%	0.00%	-13.70%

Volatility

Volatility by Period

	CSCS	ZIVB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	30.62%	0.00%	+30.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.62%	0.00%	+30.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.62%	0.00%	+30.62%

CSCS vs. ZIVB - Expense Ratio Comparison

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

Dividends

CSCS vs. ZIVB - Dividend Comparison

CSCS's dividend yield for the trailing twelve months is around 4.02%, while ZIVB has not paid dividends to shareholders.

Position	TTM	2025
CSCS Direxion Daily CSCO Bear 1X Shares	4.02%	1.72%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, CSCS or ZIVB?

On fees, CSCS 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, CSCS or ZIVB?

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

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

CSCS has the higher dividend yield at 4.02%, compared with 0.00% for ZIVB.

What is the main difference between CSCS and ZIVB?

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