OILD vs. ZIVB

Last updated Jun 26, 2026

OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. OILD is passively managed, while ZIVB is actively managed. At a 0.11 correlation, their price movements are largely independent. OILD charges 0.95%/yr vs 1.35%/yr for ZIVB.

Performance

OILD vs. ZIVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

OILD

• 1D: -2.73%
• 1M: 20.25%
• YTD: -51.09%
• 6M: -52.16%
• 1Y: -62.90%
• 3Y*: -44.01%
• 5Y*: —
• 10Y*: —

ZIVB

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

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

OILD vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	14.54%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	33.28%

Correlation

The correlation between OILD and ZIVB is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.11

Return for Risk

OILD vs. ZIVB — Risk / Return Rank

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

OILD

OILD Risk / Return Rank: 2
OILD Sharpe Ratio Rank: 2
OILD Sortino Ratio Rank: 1
OILD Omega Ratio Rank: 2
OILD Calmar Ratio Rank: 2
OILD Martin Ratio Rank: 2

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.

OILD vs. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) 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.

	OILD	ZIVB	Difference
Sharpe ratio: Return per unit of total volatility	-1.01	—	—
Sortino ratio: Return per unit of downside risk	-1.80	—	—
Omega ratio: Gain probability vs. loss probability	0.82	—	—
Calmar ratio: Return relative to maximum drawdown	-0.85	—	—
Martin ratio: Return relative to average drawdown	-1.40	—	—

Drawdowns

OILD vs. ZIVB - Drawdown Comparison

The maximum OILD drawdown since its inception was -98.90%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for OILD and ZIVB.

Drawdown Indicators

	OILD	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-98.90%	0.00%	-98.90%
Max Drawdown (1Y) Largest decline over 1 year	-74.53%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-87.76%	—	—
Current Drawdown Current decline from peak	-98.41%	0.00%	-98.41%
Average Drawdown Average peak-to-trough decline	-88.69%	0.00%	-88.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.80%	—	—

Volatility

Volatility by Period

	OILD	ZIVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	49.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	62.31%	106.85%	-44.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.36%	106.85%	-27.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.36%	106.85%	-27.49%

OILD vs. ZIVB - Expense Ratio Comparison

OILD has a 0.95% expense ratio, which is lower than ZIVB's 1.35% expense ratio.

Dividends

OILD vs. ZIVB - Dividend Comparison

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

Position	TTM
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	0.00%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	2.37%

Frequently Asked Questions

Can I hold both OILD and ZIVB in my portfolio?

OILD and ZIVB have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OILD or ZIVB?

On fees, OILD is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OILD or ZIVB?

OILD is cheaper with a 0.95% expense ratio, compared with 1.35% for ZIVB.

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

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

What is the main difference between OILD and ZIVB?

They also come from different issuers: REX and Volatility Shares. Their fees differ too: 0.95% for OILD and 1.35% for ZIVB.