SMZ vs. ZIVB

Last updated Jun 6, 2026

SMZ (Tradr 2X Short SMR Daily ETF) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. SMZ is passively managed, while ZIVB is actively managed. SMZ charges 1.49%/yr vs 1.35%/yr for ZIVB.

Performance

SMZ vs. ZIVB - Performance Comparison

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

Returns By Period

SMZ

• 1D: 22.81%
• 1M: 29.65%
• YTD: —
• 6M: —
• 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)

SMZ vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
SMZ Tradr 2X Short SMR Daily ETF	18.33%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%

Return for Risk

SMZ vs. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short SMR Daily ETF (SMZ) 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

	SMZ	ZIVB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	—	—

Drawdowns

SMZ vs. ZIVB - Drawdown Comparison

The maximum SMZ drawdown since its inception was -77.30%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SMZ and ZIVB.

Drawdown Indicators

	SMZ	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-77.30%	0.00%	-77.30%
Current Drawdown Current decline from peak	-62.88%	0.00%	-62.88%
Average Drawdown Average peak-to-trough decline	-32.15%	0.00%	-32.15%

Volatility

Volatility by Period

	SMZ	ZIVB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	191.86%	0.00%	+191.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	191.86%	0.00%	+191.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	191.86%	0.00%	+191.86%

SMZ vs. ZIVB - Expense Ratio Comparison

SMZ has a 1.49% expense ratio, which is higher than ZIVB's 1.35% expense ratio.

Dividends

SMZ vs. ZIVB - Dividend Comparison

Neither SMZ nor ZIVB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, SMZ 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, SMZ or ZIVB?

ZIVB is cheaper with a 1.35% expense ratio, compared with 1.49% for SMZ.

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

SMZ and ZIVB have nearly identical dividend yields, around 0.00%.

What is the main difference between SMZ and ZIVB?

They also come from different issuers: Tradr and Volatility Shares. Their fees differ too: 1.49% for SMZ and 1.35% for ZIVB.