SMQ vs. ZIVB

Last updated Jun 26, 2026

SMQ (Tradr 1X Short Innovation 100 Monthly ETF) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. Both are actively managed. At a correlation of -0.33, they often move in opposite directions. SMQ charges 1.50%/yr vs 1.35%/yr for ZIVB.

Performance

SMQ vs. ZIVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 1X Short Innovation 100 Monthly ETF (SMQ) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SMQ

• 1D: 0.00%
• 1M: 3.71%
• YTD: -15.29%
• 6M: -13.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZIVB

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

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

SMQ vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
SMQ Tradr 1X Short Innovation 100 Monthly ETF	3.50%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	33.28%

Correlation

The correlation between SMQ and ZIVB is -0.33, 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	-0.33

Return for Risk

SMQ vs. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 1X Short Innovation 100 Monthly ETF (SMQ) 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

SMQ vs. ZIVB - Drawdown Comparison

The maximum SMQ drawdown since its inception was -27.62%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SMQ and ZIVB.

Drawdown Indicators

	SMQ	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-27.62%	0.00%	-27.62%
Current Drawdown Current decline from peak	-23.22%	0.00%	-23.22%
Average Drawdown Average peak-to-trough decline	-8.95%	0.00%	-8.95%

Volatility

Volatility by Period

	SMQ	ZIVB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	18.29%	106.85%	-88.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.29%	106.85%	-88.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.29%	106.85%	-88.56%

SMQ vs. ZIVB - Expense Ratio Comparison

SMQ has a 1.50% expense ratio, which is higher than ZIVB's 1.35% expense ratio.

Dividends

SMQ vs. ZIVB - Dividend Comparison

SMQ's dividend yield for the trailing twelve months is around 8.90%, more than ZIVB's 2.37% yield.

Position	TTM	2025
SMQ Tradr 1X Short Innovation 100 Monthly ETF	8.90%	0.25%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	2.37%	0.00%

Frequently Asked Questions

Can I hold both SMQ and ZIVB in my portfolio?

SMQ and ZIVB have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMQ or ZIVB?

On fees, ZIVB is cheaper at 1.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMQ or ZIVB?

ZIVB is cheaper with a 1.35% expense ratio, compared with 1.50% for SMQ.

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

SMQ has the higher dividend yield at 8.90%, compared with 2.37% for ZIVB.

What is the main difference between SMQ and ZIVB?

They also come from different issuers: Tradr and Volatility Shares. Their fees differ too: 1.50% for SMQ and 1.35% for ZIVB.