SH vs. ZIVB
SH (ProShares Short S&P500) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. SH is passively managed, while ZIVB is actively managed. SH charges 0.90%/yr vs 1.35%/yr for ZIVB.
Performance
SH vs. ZIVB - Performance Comparison
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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*
- —
SH vs. ZIVB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SH ProShares Short S&P500 | 0.18% |
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 0.00% |
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Return for Risk
SH vs. ZIVB — Risk / Return Rank
SH
ZIVB
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.
| SH | ZIVB | Difference | |
|---|---|---|---|
| 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 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SH | ZIVB | Difference | |
|---|---|---|---|
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
| SH | ZIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -94.62% | 0.00% | -94.62% |
Average DrawdownAverage peak-to-trough decline | -67.73% | 0.00% | -67.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.89% | — | — |
Volatility
SH vs. ZIVB - Volatility Comparison
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Volatility by Period
| SH | ZIVB | Difference | |
|---|---|---|---|
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.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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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