IBIF vs. ZIVB

Last updated Jul 12, 2026

IBIF (iShares iBonds Oct 2029 Term TIPS ETF) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both exchange-traded funds - IBIF is a Inflation-Protected Bonds fund tracking the ICE 2029 Maturity US Inflation-Linked Treasury Index, while ZIVB is a Inverse Equities fund actively managed by Volatility Shares. IBIF is passively managed, while ZIVB is actively managed. At a correlation of -0.03, they often move in opposite directions. IBIF charges 0.10%/yr vs 1.35%/yr for ZIVB.

Performance

IBIF vs. ZIVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Oct 2029 Term TIPS ETF (IBIF) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBIF

• 1D: -0.10%
• 1M: -0.15%
• 6M: 1.40%
• YTD: 1.52%
• 1Y: 3.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZIVB

• 1D: 0.00%
• 1M: 2.42%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBIF vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
IBIF iShares iBonds Oct 2029 Term TIPS ETF	-0.15%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	33.28%

Correlation

The correlation between IBIF and ZIVB is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	-0.03

Return for Risk

IBIF vs. ZIVB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBIF

IBIF Risk / Return Rank: 73
IBIF Sharpe Ratio Rank: 65
IBIF Sortino Ratio Rank: 75
IBIF Omega Ratio Rank: 70
IBIF Calmar Ratio Rank: 85
IBIF Martin Ratio Rank: 71

ZIVB

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBIF vs. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2029 Term TIPS ETF (IBIF) 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.

	IBIF	ZIVB	Difference
Sharpe ratio: Return per unit of total volatility	1.69	—	—
Sortino ratio: Return per unit of downside risk	2.67	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	3.69	—	—
Martin ratio: Return relative to average drawdown	10.36	—	—

Drawdowns

IBIF vs. ZIVB - Drawdown Comparison

The maximum IBIF drawdown since its inception was -2.50%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IBIF and ZIVB.

Drawdown Indicators

	IBIF	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-2.50%	0.00%	-2.50%
Max Drawdown (1Y) Largest decline over 1 year	-0.95%	—	—
Current Drawdown Current decline from peak	-0.49%	0.00%	-0.49%
Average Drawdown Average peak-to-trough decline	-0.55%	0.00%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.34%	—	—

Volatility

Volatility by Period

	IBIF	ZIVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.07%	87.37%	-85.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.51%	87.37%	-83.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.51%	87.37%	-83.86%

IBIF vs. ZIVB - Expense Ratio Comparison

IBIF has a 0.10% expense ratio, which is lower than ZIVB's 1.35% expense ratio.

Dividends

IBIF vs. ZIVB - Dividend Comparison

IBIF's dividend yield for the trailing twelve months is around 4.94%, more than ZIVB's 2.37% yield.

Position	TTM	2025	2024	2023
IBIF iShares iBonds Oct 2029 Term TIPS ETF	4.94%	4.51%	4.05%	0.96%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	2.37%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBIF and ZIVB in my portfolio?

IBIF and ZIVB have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBIF or ZIVB?

On fees, IBIF is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBIF or ZIVB?

IBIF is cheaper with a 0.10% expense ratio, compared with 1.35% for ZIVB.

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

IBIF has the higher dividend yield at 4.94%, compared with 2.37% for ZIVB.

What is the main difference between IBIF and ZIVB?

IBIF is categorized as Inflation-Protected Bonds, while ZIVB is Inverse Equities. They also come from different issuers: iShares and Volatility Shares. Their fees differ too: 0.10% for IBIF and 1.35% for ZIVB.