SMQ vs. ZIVB

Last updated Jun 6, 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. 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: 4.62%
• 1M: -3.50%
• YTD: -15.77%
• 6M: -14.26%
• 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	3.90%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SMQ	ZIVB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.47	—	—

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	-23.66%	0.00%	-23.66%
Average Drawdown Average peak-to-trough decline	-7.66%	0.00%	-7.66%

Volatility

Volatility by Period

	SMQ	ZIVB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	19.18%	0.00%	+19.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.18%	0.00%	+19.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.18%	0.00%	+19.18%

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 0.29%, while ZIVB has not paid dividends to shareholders.

Position	TTM	2025
SMQ Tradr 1X Short Innovation 100 Monthly ETF	0.29%	0.25%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%	0.00%

Frequently Asked Questions

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 0.29%, compared with 0.00% 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.