WEIX vs. ZVOL

Last updated Aug 1, 2026

WEIX (Dynamic Short Short-Term Volatility Futures ETF) and ZVOL (Volatility Premium Plus ETF) are both Volatility funds. WEIX is actively managed, while ZVOL is passively managed. WEIX charges 0.50%/yr vs 1.35%/yr for ZVOL.

Performance

WEIX vs. ZVOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dynamic Short Short-Term Volatility Futures ETF (WEIX) and Volatility Premium Plus ETF (ZVOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WEIX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ZVOL

• 1D: 0.86%
• 1M: -0.77%
• 6M: 5.30%
• YTD: 4.86%
• 1Y: 17.86%
• 3Y*: 5.31%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.36%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ZVOL Volatility Premium Plus ETF	$569.54K	$429.96K	$368.17K

WEIX vs. ZVOL - Yearly Performance Comparison

	2026 (YTD)
WEIX Dynamic Short Short-Term Volatility Futures ETF	0.00%
ZVOL Volatility Premium Plus ETF	7.17%

Return for Risk

WEIX vs. ZVOL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WEIX

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

ZVOL

ZVOL Risk / Return Rank: 33
ZVOL Sharpe Ratio Rank: 35
ZVOL Sortino Ratio Rank: 36
ZVOL Omega Ratio Rank: 33
ZVOL Calmar Ratio Rank: 29
ZVOL Martin Ratio Rank: 33

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WEIX vs. ZVOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynamic Short Short-Term Volatility Futures ETF (WEIX) and Volatility Premium Plus ETF (ZVOL). 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.

	WEIX	ZVOL	Difference
Sharpe ratio: Return per unit of total volatility	—	0.85	—
Sortino ratio: Return per unit of downside risk	—	1.36	—
Omega ratio: Gain probability vs. loss probability	—	1.16	—
Calmar ratio: Return relative to maximum drawdown	—	0.97	—
Martin ratio: Return relative to average drawdown	—	3.10	—

Drawdowns

Drawdown Indicators

	WEIX	ZVOL	Difference
Max Drawdown Largest peak-to-trough decline	—	-37.25%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-16.46%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-37.25%	—
Current Drawdown Current decline from peak	—	-16.47%	—
Average Drawdown Average peak-to-trough decline	—	-13.63%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.12%	—

Volatility

Volatility by Period

	WEIX	ZVOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	18.73%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	28.73%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	28.73%	—

WEIX vs. ZVOL - Expense Ratio Comparison

WEIX has a 0.50% expense ratio, which is lower than ZVOL's 1.35% expense ratio.

Dividends

WEIX vs. ZVOL - Dividend Comparison

WEIX has not paid dividends to shareholders, while ZVOL's dividend yield for the trailing twelve months is around 74.74%.

Position	TTM	2025	2024	2023
WEIX Dynamic Short Short-Term Volatility Futures ETF	0.00%	0.00%	0.00%	0.00%
ZVOL Volatility Premium Plus ETF	74.74%	53.44%	30.68%	0.55%

Frequently Asked Questions

Which ETF is better, WEIX or ZVOL?

On fees, WEIX 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, WEIX or ZVOL?

WEIX is cheaper with a 0.50% expense ratio, compared with 1.35% for ZVOL.

Which ETF pays a higher dividend yield, WEIX or ZVOL?

ZVOL has the higher dividend yield at 74.74%, compared with 0.00% for WEIX.

What is the main difference between WEIX and ZVOL?

They also come from different issuers: Dynamic Shares and Volatility Shares. Their fees differ too: 0.50% for WEIX and 1.35% for ZVOL.