QBTZ vs. ZIVB

Last updated Jul 12, 2026

QBTZ (Defiance Daily Target 2X Short QBTS ETF) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. Both are actively managed. At a correlation of -0.09, they often move in opposite directions. QBTZ charges 1.29%/yr vs 1.35%/yr for ZIVB.

Performance

QBTZ vs. ZIVB - Performance Comparison

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

Returns By Period

QBTZ

• 1D: 10.29%
• 1M: 4.01%
• 6M: -78.88%
• YTD: -82.79%
• 1Y: —
• 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)

QBTZ vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
QBTZ Defiance Daily Target 2X Short QBTS ETF	22.64%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	33.28%

Correlation

The correlation between QBTZ and ZIVB is -0.09, 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	-0.09

Return for Risk

QBTZ vs. ZIVB - Risk-Adjusted Trends Comparison

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

QBTZ vs. ZIVB - Drawdown Comparison

The maximum QBTZ drawdown since its inception was -96.03%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for QBTZ and ZIVB.

Drawdown Indicators

	QBTZ	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-96.03%	0.00%	-96.03%
Current Drawdown Current decline from peak	-94.02%	0.00%	-94.02%
Average Drawdown Average peak-to-trough decline	-60.50%	0.00%	-60.50%

Volatility

Volatility by Period

	QBTZ	ZIVB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	229.09%	87.37%	+141.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	229.09%	87.37%	+141.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	229.09%	87.37%	+141.72%

QBTZ vs. ZIVB - Expense Ratio Comparison

QBTZ has a 1.29% expense ratio, which is lower than ZIVB's 1.35% expense ratio.

Dividends

QBTZ vs. ZIVB - Dividend Comparison

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

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

Frequently Asked Questions

Can I hold both QBTZ and ZIVB in my portfolio?

QBTZ and ZIVB have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QBTZ or ZIVB?

On fees, QBTZ is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QBTZ or ZIVB?

QBTZ is cheaper with a 1.29% expense ratio, compared with 1.35% for ZIVB.

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

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

What is the main difference between QBTZ and ZIVB?

They also come from different issuers: Defiance ETFs and Volatility Shares. Their fees differ too: 1.29% for QBTZ and 1.35% for ZIVB.