MSDD vs. ZIVB

Last updated Jun 4, 2026

MSDD (GraniteShares 2x Short MSTR Daily ETF) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. Both are actively managed. MSDD charges 1.50%/yr vs 1.35%/yr for ZIVB.

Performance

MSDD vs. ZIVB - Performance Comparison

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

Returns By Period

MSDD

• 1D: 13.67%
• 1M: 85.18%
• YTD: -47.16%
• 6M: -24.30%
• 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)

MSDD vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
MSDD GraniteShares 2x Short MSTR Daily ETF	34.81%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%

Return for Risk

MSDD vs. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short MSTR Daily ETF (MSDD) 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

	MSDD	ZIVB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	—	—

Drawdowns

MSDD vs. ZIVB - Drawdown Comparison

The maximum MSDD drawdown since its inception was -84.91%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MSDD and ZIVB.

Drawdown Indicators

	MSDD	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-84.91%	0.00%	-84.91%
Current Drawdown Current decline from peak	-67.67%	0.00%	-67.67%
Average Drawdown Average peak-to-trough decline	-29.42%	0.00%	-29.42%

Volatility

Volatility by Period

	MSDD	ZIVB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	141.56%	0.00%	+141.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	141.56%	0.00%	+141.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	141.56%	0.00%	+141.56%

MSDD vs. ZIVB - Expense Ratio Comparison

MSDD has a 1.50% expense ratio, which is higher than ZIVB's 1.35% expense ratio.

Dividends

MSDD vs. ZIVB - Dividend Comparison

Neither MSDD nor ZIVB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, MSDD or ZIVB?

On fees, ZIVB is cheaper at 1.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSDD or ZIVB?

ZIVB is cheaper with a 1.35% expense ratio, compared with 1.50% for MSDD.

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

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

What is the main difference between MSDD and ZIVB?

They also come from different issuers: GraniteShares and Volatility Shares. Their fees differ too: 1.50% for MSDD and 1.35% for ZIVB.