SOLZ vs. ZIVB

Last updated Jul 17, 2026

SOLZ (Solana ETF) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both exchange-traded funds - SOLZ is a Cryptocurrency 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 -0.13, they often move in opposite directions. SOLZ charges 0.95%/yr vs 1.35%/yr for ZIVB.

Performance

SOLZ vs. ZIVB - Performance Comparison

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

Returns By Period

SOLZ

• 1D: -1.81%
• 1M: 2.65%
• 6M: -46.95%
• YTD: -39.74%
• 1Y: -60.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZIVB

• 1D: 0.00%
• 1M: 2.42%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOLZ vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
SOLZ Solana ETF	-9.59%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	33.28%

Correlation

The correlation between SOLZ and ZIVB is -0.13, 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	-0.13

Return for Risk

SOLZ vs. ZIVB — Risk / Return Rank

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

SOLZ

SOLZ Risk / Return Rank: 3
SOLZ Sharpe Ratio Rank: 3
SOLZ Sortino Ratio Rank: 3
SOLZ Omega Ratio Rank: 3
SOLZ Calmar Ratio Rank: 3
SOLZ 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.

SOLZ vs. ZIVB - Risk-Adjusted Trends Comparison

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

	SOLZ	ZIVB	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	—	—
Sortino ratio: Return per unit of downside risk	-1.22	—	—
Omega ratio: Gain probability vs. loss probability	0.87	—	—
Calmar ratio: Return relative to maximum drawdown	-0.80	—	—
Martin ratio: Return relative to average drawdown	-1.16	—	—

Drawdowns

SOLZ vs. ZIVB - Drawdown Comparison

The maximum SOLZ drawdown since its inception was -75.68%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SOLZ and ZIVB.

Drawdown Indicators

	SOLZ	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-75.68%	0.00%	-75.68%
Max Drawdown (1Y) Largest decline over 1 year	-75.68%	—	—
Current Drawdown Current decline from peak	-70.88%	0.00%	-70.88%
Average Drawdown Average peak-to-trough decline	-37.34%	0.00%	-37.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	52.04%	—	—

Volatility

Volatility by Period

	SOLZ	ZIVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	52.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	74.52%	82.09%	-7.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.02%	82.09%	-6.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.02%	82.09%	-6.07%

SOLZ vs. ZIVB - Expense Ratio Comparison

SOLZ has a 0.95% expense ratio, which is lower than ZIVB's 1.35% expense ratio.

Dividends

SOLZ vs. ZIVB - Dividend Comparison

SOLZ's dividend yield for the trailing twelve months is around 3.56%, more than ZIVB's 2.37% yield.

Position	TTM	2025
SOLZ Solana ETF	3.56%	1.75%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	2.37%	0.00%

Frequently Asked Questions

Can I hold both SOLZ and ZIVB in my portfolio?

SOLZ and ZIVB have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOLZ or ZIVB?

On fees, SOLZ is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SOLZ or ZIVB?

SOLZ is cheaper with a 0.95% expense ratio, compared with 1.35% for ZIVB.

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

SOLZ has the higher dividend yield at 3.56%, compared with 2.37% for ZIVB.

What is the main difference between SOLZ and ZIVB?

SOLZ is categorized as Cryptocurrency, while ZIVB is Inverse Equities. Their fees differ too: 0.95% for SOLZ and 1.35% for ZIVB.