XRPT vs. ZIVB

Last updated Jun 25, 2026

XRPT (Volatility Shares 2x XRP ETF) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both exchange-traded funds - XRPT 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 0.08 correlation, their price movements are largely independent. XRPT charges 0.94%/yr vs 1.35%/yr for ZIVB.

Performance

XRPT vs. ZIVB - Performance Comparison

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

Returns By Period

XRPT

• 1D: -8.65%
• 1M: -41.09%
• YTD: -77.14%
• 6M: -77.64%
• 1Y: -90.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZIVB

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

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

XRPT vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
XRPT Volatility Shares 2x XRP ETF	-40.15%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	33.28%

Correlation

The correlation between XRPT and ZIVB is 0.08, 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	0.08

Return for Risk

XRPT vs. ZIVB — Risk / Return Rank

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

XRPT

XRPT Risk / Return Rank: 3
XRPT Sharpe Ratio Rank: 4
XRPT Sortino Ratio Rank: 3
XRPT Omega Ratio Rank: 3
XRPT Calmar Ratio Rank: 1
XRPT 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.

XRPT vs. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x XRP ETF (XRPT) 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.

	XRPT	ZIVB	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	—	—
Sortino ratio: Return per unit of downside risk	-1.21	—	—
Omega ratio: Gain probability vs. loss probability	0.87	—	—
Calmar ratio: Return relative to maximum drawdown	-0.94	—	—
Martin ratio: Return relative to average drawdown	-1.23	—	—

Drawdowns

XRPT vs. ZIVB - Drawdown Comparison

The maximum XRPT drawdown since its inception was -96.15%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for XRPT and ZIVB.

Drawdown Indicators

	XRPT	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-96.15%	0.00%	-96.15%
Max Drawdown (1Y) Largest decline over 1 year	-96.15%	—	—
Current Drawdown Current decline from peak	-96.15%	0.00%	-96.15%
Average Drawdown Average peak-to-trough decline	-64.45%	0.00%	-64.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	73.62%	—	—

Volatility

Volatility by Period

	XRPT	ZIVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	107.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	151.88%	109.60%	+42.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	149.90%	109.60%	+40.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	149.90%	109.60%	+40.30%

XRPT vs. ZIVB - Expense Ratio Comparison

XRPT has a 0.94% expense ratio, which is lower than ZIVB's 1.35% expense ratio.

Dividends

XRPT vs. ZIVB - Dividend Comparison

XRPT's dividend yield for the trailing twelve months is around 6.95%, more than ZIVB's 2.37% yield.

Position	TTM	2025
XRPT Volatility Shares 2x XRP ETF	6.95%	1.23%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	2.37%	0.00%

Frequently Asked Questions

Can I hold both XRPT and ZIVB in my portfolio?

XRPT and ZIVB have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XRPT or ZIVB?

On fees, XRPT is cheaper at 0.94% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XRPT or ZIVB?

XRPT is cheaper with a 0.94% expense ratio, compared with 1.35% for ZIVB.

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

XRPT has the higher dividend yield at 6.95%, compared with 2.37% for ZIVB.

What is the main difference between XRPT and ZIVB?

XRPT is categorized as Cryptocurrency, while ZIVB is Inverse Equities. Their fees differ too: 0.94% for XRPT and 1.35% for ZIVB.