SVOL vs. ZIVB

Last updated Jun 4, 2026

SVOL (Simplify Volatility Premium ETF) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both exchange-traded funds - SVOL is a Volatility fund actively managed by Simplify, while ZIVB is a Inverse Equities fund actively managed by Volatility Shares. Both are actively managed. SVOL charges 0.50%/yr vs 1.35%/yr for ZIVB.

Performance

SVOL vs. ZIVB - Performance Comparison

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

Returns By Period

SVOL

• 1D: -0.12%
• 1M: 2.98%
• YTD: -0.40%
• 6M: 1.29%
• 1Y: 10.62%
• 3Y*: 6.58%
• 5Y*: 6.70%
• 10Y*: —

ZIVB

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

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

SVOL vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
SVOL Simplify Volatility Premium ETF	0.12%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%

Return for Risk

SVOL vs. ZIVB — Risk / Return Rank

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

SVOL

SVOL Risk / Return Rank: 18
SVOL Sharpe Ratio Rank: 16
SVOL Sortino Ratio Rank: 16
SVOL Omega Ratio Rank: 18
SVOL Calmar Ratio Rank: 19
SVOL Martin Ratio Rank: 18

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.

SVOL vs. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Volatility Premium ETF (SVOL) 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.

	SVOL	ZIVB	Difference
Sharpe ratio: Return per unit of total volatility	0.51	—	—
Sortino ratio: Return per unit of downside risk	0.85	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.82	—	—
Martin ratio: Return relative to average drawdown	1.94	—	—
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

	SVOL	ZIVB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.51	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	—	—

Drawdowns

SVOL vs. ZIVB - Drawdown Comparison

The maximum SVOL drawdown since its inception was -33.50%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SVOL and ZIVB.

Drawdown Indicators

	SVOL	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-33.50%	0.00%	-33.50%
Max Drawdown (1Y) Largest decline over 1 year	-13.01%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-33.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.50%	—	—
Current Drawdown Current decline from peak	-2.98%	0.00%	-2.98%
Average Drawdown Average peak-to-trough decline	-4.77%	0.00%	-4.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.49%	—	—

Volatility

Volatility by Period

	SVOL	ZIVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.90%	0.00%	+20.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.99%	0.00%	+21.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.92%	0.00%	+21.92%

SVOL vs. ZIVB - Expense Ratio Comparison

SVOL has a 0.50% expense ratio, which is lower than ZIVB's 1.35% expense ratio.

Dividends

SVOL vs. ZIVB - Dividend Comparison

SVOL's dividend yield for the trailing twelve months is around 22.10%, while ZIVB has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
SVOL Simplify Volatility Premium ETF	22.10%	19.82%	16.79%	16.36%	18.32%	4.65%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, SVOL or ZIVB?

On fees, SVOL is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SVOL or ZIVB?

SVOL is cheaper with a 0.50% expense ratio, compared with 1.35% for ZIVB.

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

SVOL has the higher dividend yield at 22.10%, compared with 0.00% for ZIVB.

What is the main difference between SVOL and ZIVB?

SVOL is categorized as Volatility, while ZIVB is Inverse Equities. They also come from different issuers: Simplify and Volatility Shares. Their fees differ too: 0.50% for SVOL and 1.35% for ZIVB.