SOLT vs. ZIVB

Last updated Jun 24, 2026

SOLT (2x Solana ETF) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both exchange-traded funds - SOLT is a Blockchain fund actively managed by Volatility Shares, while ZIVB is a Inverse Equities fund actively managed by Volatility Shares. Both are actively managed. At a correlation of -0.03, they often move in opposite directions. SOLT charges 1.85%/yr vs 1.35%/yr for ZIVB.

Performance

SOLT vs. ZIVB - Performance Comparison

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

Returns By Period

SOLT

• 1D: -10.71%
• 1M: -37.12%
• YTD: -77.47%
• 6M: -77.71%
• 1Y: -89.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZIVB

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

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

SOLT vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
SOLT 2x Solana ETF	-36.00%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	33.28%

Correlation

The correlation between SOLT and ZIVB is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	-0.03

Return for Risk

SOLT vs. ZIVB — Risk / Return Rank

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

SOLT

SOLT Risk / Return Rank: 3
SOLT Sharpe Ratio Rank: 4
SOLT Sortino Ratio Rank: 3
SOLT Omega Ratio Rank: 3
SOLT Calmar Ratio Rank: 1
SOLT Martin Ratio Rank: 3

ZIVB

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

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.

SOLT vs. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 2x Solana ETF (SOLT) 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.

	SOLT	ZIVB	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	—	—
Sortino ratio: Return per unit of downside risk	-1.04	—	—
Omega ratio: Gain probability vs. loss probability	0.89	—	—
Calmar ratio: Return relative to maximum drawdown	-0.93	—	—
Martin ratio: Return relative to average drawdown	-1.26	—	—

Drawdowns

SOLT vs. ZIVB - Drawdown Comparison

The maximum SOLT drawdown since its inception was -96.28%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SOLT and ZIVB.

Drawdown Indicators

	SOLT	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-96.28%	0.00%	-96.28%
Max Drawdown (1Y) Largest decline over 1 year	-96.28%	—	—
Current Drawdown Current decline from peak	-95.74%	0.00%	-95.74%
Average Drawdown Average peak-to-trough decline	-54.92%	0.00%	-54.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	70.78%	—	—

Volatility

Volatility by Period

	SOLT	ZIVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	43.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	104.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	148.24%	112.57%	+35.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	151.89%	112.57%	+39.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	151.89%	112.57%	+39.32%

SOLT vs. ZIVB - Expense Ratio Comparison

SOLT has a 1.85% expense ratio, which is higher than ZIVB's 1.35% expense ratio.

Dividends

SOLT vs. ZIVB - Dividend Comparison

SOLT's dividend yield for the trailing twelve months is around 6.91%, more than ZIVB's 2.37% yield.

Position	TTM	2025
SOLT 2x Solana ETF	6.91%	1.22%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	2.37%	0.00%

Frequently Asked Questions

Can I hold both SOLT and ZIVB in my portfolio?

SOLT and ZIVB have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOLT 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, SOLT or ZIVB?

ZIVB is cheaper with a 1.35% expense ratio, compared with 1.85% for SOLT.

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

SOLT has the higher dividend yield at 6.91%, compared with 2.37% for ZIVB.

What is the main difference between SOLT and ZIVB?

SOLT is categorized as Blockchain, while ZIVB is Inverse Equities. Their fees differ too: 1.85% for SOLT and 1.35% for ZIVB.