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SH vs. ZIVB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

SH vs. ZIVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short S&P500 (SH) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period


SH

1D
0.70%
1M
-4.35%
YTD
-8.00%
6M
-7.59%
1Y
-17.23%
3Y*
-13.02%
5Y*
-9.07%
10Y*
-12.89%

ZIVB

1D
0.00%
1M
YTD
6M
1Y
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

SH vs. ZIVB - Yearly Performance Comparison


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Return for Risk

SH vs. ZIVB — Risk / Return Rank

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

SH
SH Risk / Return Rank: 11
Overall Rank
SH Sharpe Ratio Rank: 00
Sharpe Ratio Rank
SH Sortino Ratio Rank: 11
Sortino Ratio Rank
SH Omega Ratio Rank: 11
Omega Ratio Rank
SH Calmar Ratio Rank: 11
Calmar Ratio Rank
SH Martin Ratio Rank: 00
Martin Ratio Rank

ZIVB
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.

SH vs. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short S&P500 (SH) 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.


SHZIVBDifference
Sharpe ratioReturn per unit of total volatility

Sortino ratioReturn per unit of downside risk

Omega ratioGain probability vs. loss probability

0.77

Calmar ratioReturn relative to maximum drawdown

-0.95

Martin ratioReturn relative to average drawdown

-1.75

SH vs. ZIVB - Sharpe Ratio Comparison


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Sharpe Ratios by Period


SHZIVBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.47

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.54

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.72

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.59

Drawdowns

SH vs. ZIVB - Drawdown Comparison

The maximum SH drawdown since its inception was -94.66%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SH and ZIVB.


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Drawdown Indicators


SHZIVBDifference

Max Drawdown

Largest peak-to-trough decline

-94.66%

0.00%

-94.66%

Max Drawdown (1Y)

Largest decline over 1 year

-18.28%

Max Drawdown (3Y)

Largest decline over 3 years

-38.82%

Max Drawdown (5Y)

Largest decline over 5 years

-44.53%

Max Drawdown (10Y)

Largest decline over 10 years

-76.12%

Current Drawdown

Current decline from peak

-94.62%

0.00%

-94.62%

Average Drawdown

Average peak-to-trough decline

-67.73%

0.00%

-67.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.89%

Volatility

SH vs. ZIVB - Volatility Comparison


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Volatility by Period


SHZIVBDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.84%

Volatility (6M)

Calculated over the trailing 6-month period

8.91%

Volatility (1Y)

Calculated over the trailing 1-year period

11.80%

0.00%

+11.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.85%

0.00%

+16.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.01%

0.00%

+18.01%

SH vs. ZIVB - Expense Ratio Comparison

SH has a 0.90% expense ratio, which is lower than ZIVB's 1.35% expense ratio.


Dividends

SH vs. ZIVB - Dividend Comparison

SH's dividend yield for the trailing twelve months is around 4.51%, while ZIVB has not paid dividends to shareholders.


PositionTTM202520242023202220212020201920182017
SH
ProShares Short S&P500
4.51%4.49%6.20%5.37%1.08%0.00%0.16%1.76%1.01%0.06%
ZIVB
-1x Short VIX Mid-Term Futures Strategy ETF
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions


On fees, SH is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SH is cheaper with a 0.90% expense ratio, compared with 1.35% for ZIVB.

SH has the higher dividend yield at 4.51%, compared with 0.00% for ZIVB.

They also come from different issuers: ProShares and Volatility Shares. Their fees differ too: 0.90% for SH and 1.35% for ZIVB.

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