ELIS vs. ZIVB

Last updated Jun 4, 2026

ELIS (Direxion Daily LLY Bear 1X Shares) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. Both are actively managed. ELIS charges 0.97%/yr vs 1.35%/yr for ZIVB.

Performance

ELIS vs. ZIVB - Performance Comparison

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

Returns By Period

ELIS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 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)

ELIS vs. ZIVB - Yearly Performance Comparison

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

Return for Risk

ELIS vs. ZIVB - Risk-Adjusted Trends Comparison

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

Drawdowns

Drawdown Indicators

	ELIS	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	—	0.00%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	0.00%	—

Volatility

Volatility by Period

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

ELIS vs. ZIVB - Expense Ratio Comparison

ELIS has a 0.97% expense ratio, which is lower than ZIVB's 1.35% expense ratio.

Dividends

ELIS vs. ZIVB - Dividend Comparison

ELIS's dividend yield for the trailing twelve months is around 5.26%, while ZIVB has not paid dividends to shareholders.

Position	TTM	2025
ELIS Direxion Daily LLY Bear 1X Shares	5.26%	5.86%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, ELIS or ZIVB?

On fees, ELIS is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ELIS or ZIVB?

ELIS is cheaper with a 0.97% expense ratio, compared with 1.35% for ZIVB.

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

ELIS has the higher dividend yield at 5.26%, compared with 0.00% for ZIVB.

What is the main difference between ELIS and ZIVB?

They also come from different issuers: Direxion and Volatility Shares. Their fees differ too: 0.97% for ELIS and 1.35% for ZIVB.