PLTD vs. ZIVB

Last updated Jun 25, 2026

PLTD (Direxion Daily PLTR Bear 1X Shares) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. PLTD is passively managed, while ZIVB is actively managed. At a correlation of -0.23, they often move in opposite directions. PLTD charges 0.98%/yr vs 1.35%/yr for ZIVB.

Performance

PLTD vs. ZIVB - Performance Comparison

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

Returns By Period

PLTD

• 1D: 3.03%
• 1M: 17.18%
• YTD: 40.92%
• 6M: 54.26%
• 1Y: 5.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZIVB

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

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

PLTD vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
PLTD Direxion Daily PLTR Bear 1X Shares	13.42%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	33.28%

Correlation

The correlation between PLTD and ZIVB is -0.23, 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	-0.23

Return for Risk

PLTD vs. ZIVB — Risk / Return Rank

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

PLTD

PLTD Risk / Return Rank: 11
PLTD Sharpe Ratio Rank: 10
PLTD Sortino Ratio Rank: 12
PLTD Omega Ratio Rank: 12
PLTD Calmar Ratio Rank: 11
PLTD Martin Ratio Rank: 10

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.

PLTD vs. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bear 1X Shares (PLTD) 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.

	PLTD	ZIVB	Difference
Sharpe ratio: Return per unit of total volatility	0.10	—	—
Sortino ratio: Return per unit of downside risk	0.54	—	—
Omega ratio: Gain probability vs. loss probability	1.06	—	—
Calmar ratio: Return relative to maximum drawdown	0.14	—	—
Martin ratio: Return relative to average drawdown	0.22	—	—

Drawdowns

PLTD vs. ZIVB - Drawdown Comparison

The maximum PLTD drawdown since its inception was -77.34%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PLTD and ZIVB.

Drawdown Indicators

	PLTD	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-77.34%	0.00%	-77.34%
Max Drawdown (1Y) Largest decline over 1 year	-39.15%	—	—
Current Drawdown Current decline from peak	-63.91%	0.00%	-63.91%
Average Drawdown Average peak-to-trough decline	-59.60%	0.00%	-59.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.83%	—	—

Volatility

Volatility by Period

	PLTD	ZIVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.73%	—	—
Volatility (6M) Calculated over the trailing 6-month period	38.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	51.69%	109.60%	-57.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.24%	109.60%	-46.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.24%	109.60%	-46.36%

PLTD vs. ZIVB - Expense Ratio Comparison

PLTD has a 0.98% expense ratio, which is lower than ZIVB's 1.35% expense ratio.

Dividends

PLTD vs. ZIVB - Dividend Comparison

PLTD's dividend yield for the trailing twelve months is around 2.49%, more than ZIVB's 2.37% yield.

Position	TTM	2025
PLTD Direxion Daily PLTR Bear 1X Shares	2.49%	5.17%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	2.37%	0.00%

Frequently Asked Questions

Can I hold both PLTD and ZIVB in my portfolio?

PLTD and ZIVB have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PLTD or ZIVB?

On fees, PLTD is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PLTD or ZIVB?

PLTD is cheaper with a 0.98% expense ratio, compared with 1.35% for ZIVB.

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

PLTD has the higher dividend yield at 2.49%, compared with 2.37% for ZIVB.

What is the main difference between PLTD and ZIVB?

They also come from different issuers: Direxion and Volatility Shares. Their fees differ too: 0.98% for PLTD and 1.35% for ZIVB.