YMAX vs. ZIVB
Compare and contrast key facts about YieldMax Universe Fund of Option Income ETFs (YMAX) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB).
YMAX and ZIVB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YMAX is an actively managed fund by YieldMax. It was launched on Jan 16, 2024. ZIVB is an actively managed fund by Volatility Shares. It was launched on Apr 17, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YMAX or ZIVB.
Correlation
The correlation between YMAX and ZIVB is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
YMAX vs. ZIVB - Performance Comparison
Key characteristics
YMAX:
1.28
ZIVB:
0.11
YMAX:
1.74
ZIVB:
0.36
YMAX:
1.23
ZIVB:
1.05
YMAX:
1.90
ZIVB:
0.13
YMAX:
5.95
ZIVB:
0.40
YMAX:
4.08%
ZIVB:
9.10%
YMAX:
18.85%
ZIVB:
31.89%
YMAX:
-12.78%
ZIVB:
-27.26%
YMAX:
-2.28%
ZIVB:
-12.04%
Returns By Period
In the year-to-date period, YMAX achieves a 4.50% return, which is significantly higher than ZIVB's -1.41% return.
YMAX
4.50%
2.28%
18.87%
27.52%
N/A
N/A
ZIVB
-1.41%
-1.77%
-0.81%
2.89%
N/A
N/A
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YMAX vs. ZIVB - Expense Ratio Comparison
YMAX has a 1.28% expense ratio, which is lower than ZIVB's 1.35% expense ratio.
Risk-Adjusted Performance
YMAX vs. ZIVB — Risk-Adjusted Performance Rank
YMAX
ZIVB
YMAX vs. ZIVB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Universe Fund of Option Income ETFs (YMAX) 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.
Dividends
YMAX vs. ZIVB - Dividend Comparison
YMAX's dividend yield for the trailing twelve months is around 48.56%, more than ZIVB's 31.93% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
YMAX YieldMax Universe Fund of Option Income ETFs | 48.56% | 44.21% | 0.00% |
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 31.93% | 30.68% | 0.55% |
Drawdowns
YMAX vs. ZIVB - Drawdown Comparison
The maximum YMAX drawdown since its inception was -12.78%, smaller than the maximum ZIVB drawdown of -27.26%. Use the drawdown chart below to compare losses from any high point for YMAX and ZIVB. For additional features, visit the drawdowns tool.
Volatility
YMAX vs. ZIVB - Volatility Comparison
YieldMax Universe Fund of Option Income ETFs (YMAX) has a higher volatility of 5.65% compared to -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB) at 4.98%. This indicates that YMAX's price experiences larger fluctuations and is considered to be riskier than ZIVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.