DAMD vs. ZIVB

Last updated Jun 6, 2026

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

Performance

DAMD vs. ZIVB - Performance Comparison

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

Returns By Period

DAMD

• 1D: 21.08%
• 1M: -30.23%
• YTD: -90.01%
• 6M: -89.96%
• 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)

DAMD vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
DAMD Defiance Daily Target 2X Short AMD ETF	17.62%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%

Return for Risk

DAMD vs. ZIVB - Risk-Adjusted Trends Comparison

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

	DAMD	ZIVB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.71	—	—

Drawdowns

DAMD vs. ZIVB - Drawdown Comparison

The maximum DAMD drawdown since its inception was -93.52%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for DAMD and ZIVB.

Drawdown Indicators

	DAMD	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-93.52%	0.00%	-93.52%
Current Drawdown Current decline from peak	-91.57%	0.00%	-91.57%
Average Drawdown Average peak-to-trough decline	-39.60%	0.00%	-39.60%

Volatility

Volatility by Period

	DAMD	ZIVB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	138.28%	0.00%	+138.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	138.28%	0.00%	+138.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	138.28%	0.00%	+138.28%

DAMD vs. ZIVB - Expense Ratio Comparison

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

Dividends

DAMD vs. ZIVB - Dividend Comparison

Neither DAMD nor ZIVB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, DAMD or ZIVB?

On fees, DAMD 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, DAMD or ZIVB?

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

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

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

What is the main difference between DAMD and ZIVB?

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