SVIX vs. ZIVB

Last updated Jun 4, 2026

SVIX (Volatility Shares -1x Short VIX Futures ETF) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds from Volatility Shares. SVIX charges 1.47%/yr vs 1.35%/yr for ZIVB.

Performance

SVIX vs. ZIVB - Performance Comparison

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

Returns By Period

SVIX

• 1D: -0.09%
• 1M: 16.92%
• YTD: -8.17%
• 6M: 7.59%
• 1Y: 51.46%
• 3Y*: -0.59%
• 5Y*: —
• 10Y*: —

ZIVB

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

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

SVIX vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
SVIX Volatility Shares -1x Short VIX Futures ETF	0.63%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%

Return for Risk

SVIX vs. ZIVB — Risk / Return Rank

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

SVIX

SVIX Risk / Return Rank: 26
SVIX Sharpe Ratio Rank: 26
SVIX Sortino Ratio Rank: 26
SVIX Omega Ratio Rank: 29
SVIX Calmar Ratio Rank: 25
SVIX Martin Ratio Rank: 25

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.

SVIX vs. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares -1x Short VIX Futures ETF (SVIX) 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.

	SVIX	ZIVB	Difference
Sharpe ratio Return per unit of total volatility	0.95	—	—
Sortino ratio Return per unit of downside risk	1.46	—	—
Omega ratio Gain probability vs. loss probability	1.20	—	—
Calmar ratio Return relative to maximum drawdown	1.21	—	—
Martin ratio Return relative to average drawdown	3.50	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SVIX	ZIVB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	—	—

Drawdowns

SVIX vs. ZIVB - Drawdown Comparison

The maximum SVIX drawdown since its inception was -79.30%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SVIX and ZIVB.

Drawdown Indicators

	SVIX	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-79.30%	0.00%	-79.30%
Max Drawdown (1Y) Largest decline over 1 year	-42.69%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-79.30%	—	—
Current Drawdown Current decline from peak	-56.14%	0.00%	-56.14%
Average Drawdown Average peak-to-trough decline	-31.60%	0.00%	-31.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.75%	—	—

Volatility

Volatility by Period

	SVIX	ZIVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	41.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	54.75%	0.00%	+54.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.27%	0.00%	+66.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.27%	0.00%	+66.27%

SVIX vs. ZIVB - Expense Ratio Comparison

SVIX has a 1.47% expense ratio, which is higher than ZIVB's 1.35% expense ratio.

Dividends

SVIX vs. ZIVB - Dividend Comparison

Neither SVIX nor ZIVB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, SVIX 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, SVIX or ZIVB?

ZIVB is cheaper with a 1.35% expense ratio, compared with 1.47% for SVIX.

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

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

What is the main difference between SVIX and ZIVB?

Their fees differ too: 1.47% for SVIX and 1.35% for ZIVB.