EUM vs. ZIVB
EUM (ProShares Short MSCI Emerging Markets) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. EUM is passively managed, while ZIVB is actively managed. EUM charges 0.95%/yr vs 1.35%/yr for ZIVB.
Performance
EUM vs. ZIVB - Performance Comparison
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Returns By Period
EUM
- 1D
- 1.09%
- 1M
- -5.64%
- YTD
- -21.40%
- 6M
- -22.97%
- 1Y
- -32.85%
- 3Y*
- -15.90%
- 5Y*
- -5.09%
- 10Y*
- -10.22%
ZIVB
- 1D
- 0.00%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUM vs. ZIVB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
EUM ProShares Short MSCI Emerging Markets | -0.63% |
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 0.00% |
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Return for Risk
EUM vs. ZIVB — Risk / Return Rank
EUM
ZIVB
EUM vs. ZIVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short MSCI Emerging Markets (EUM) 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.
| EUM | ZIVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.72 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | — | — |
| Martin ratioReturn relative to average drawdown | -1.91 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EUM | ZIVB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.61 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.36 | — | — |
Drawdowns
EUM vs. ZIVB - Drawdown Comparison
The maximum EUM drawdown since its inception was -93.07%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for EUM and ZIVB.
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Drawdown Indicators
| EUM | ZIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.07% | 0.00% | -93.07% |
Max Drawdown (1Y)Largest decline over 1 year | -34.25% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -47.06% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -50.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -68.27% | — | — |
Current DrawdownCurrent decline from peak | -92.91% | 0.00% | -92.91% |
Average DrawdownAverage peak-to-trough decline | -77.17% | 0.00% | -77.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.41% | — | — |
Volatility
EUM vs. ZIVB - Volatility Comparison
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Volatility by Period
| EUM | ZIVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.73% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.94% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.45% | 0.00% | +20.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.14% | 0.00% | +19.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.54% | 0.00% | +20.54% |
EUM vs. ZIVB - Expense Ratio Comparison
EUM has a 0.95% expense ratio, which is lower than ZIVB's 1.35% expense ratio.
Dividends
EUM vs. ZIVB - Dividend Comparison
EUM's dividend yield for the trailing twelve months is around 4.54%, while ZIVB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EUM ProShares Short MSCI Emerging Markets | 4.54% | 3.98% | 4.22% | 3.86% | 0.82% | 0.00% | 0.15% | 1.35% | 0.88% |
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
On fees, EUM is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUM is cheaper with a 0.95% expense ratio, compared with 1.35% for ZIVB.
EUM has the higher dividend yield at 4.54%, compared with 0.00% for ZIVB.
They also come from different issuers: ProShares and Volatility Shares. Their fees differ too: 0.95% for EUM and 1.35% for ZIVB.
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