HOOZ vs. ZIVB

Last updated Jun 27, 2026

HOOZ (Defiance Daily Target 2X Short HOOD ETF) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. HOOZ is passively managed, while ZIVB is actively managed. At a correlation of -0.46, they often move in opposite directions. HOOZ charges 1.31%/yr vs 1.35%/yr for ZIVB.

Performance

HOOZ vs. ZIVB - Performance Comparison

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

Returns By Period

HOOZ

• 1D: -11.54%
• 1M: -52.19%
• YTD: -43.35%
• 6M: -38.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZIVB

• 1D: 0.00%
• 1M: 33.28%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOZ vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
HOOZ Defiance Daily Target 2X Short HOOD ETF	-52.19%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	33.28%

Correlation

The correlation between HOOZ and ZIVB is -0.46, 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 May 28, 2026	-0.46

Return for Risk

HOOZ vs. ZIVB - Risk-Adjusted Trends Comparison

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

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.

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

Drawdowns

HOOZ vs. ZIVB - Drawdown Comparison

The maximum HOOZ drawdown since its inception was -77.16%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for HOOZ and ZIVB.

Drawdown Indicators

	HOOZ	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-77.16%	0.00%	-77.16%
Current Drawdown Current decline from peak	-73.37%	0.00%	-73.37%
Average Drawdown Average peak-to-trough decline	-32.87%	0.00%	-32.87%

Volatility

Volatility by Period

	HOOZ	ZIVB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	145.36%	104.29%	+41.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.36%	104.29%	+41.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.36%	104.29%	+41.07%

HOOZ vs. ZIVB - Expense Ratio Comparison

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

Dividends

HOOZ vs. ZIVB - Dividend Comparison

HOOZ has not paid dividends to shareholders, while ZIVB's dividend yield for the trailing twelve months is around 2.37%.

Position	TTM
HOOZ Defiance Daily Target 2X Short HOOD ETF	0.00%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	2.37%

Frequently Asked Questions

Can I hold both HOOZ and ZIVB in my portfolio?

HOOZ and ZIVB have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOOZ or ZIVB?

On fees, HOOZ 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, HOOZ or ZIVB?

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

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

ZIVB has the higher dividend yield at 2.37%, compared with 0.00% for HOOZ.

What is the main difference between HOOZ and ZIVB?

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