ZIVB vs. BITX
ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) and BITX (2x Bitcoin Strategy ETF) are both exchange-traded funds - ZIVB is a Inverse Equities fund actively managed by Volatility Shares, while BITX is a Cryptocurrency fund tracking the S&P CME Bitcoin Futures Daily Roll Index (200%). ZIVB is actively managed, while BITX is passively managed. Their -0.14 correlation means they have often moved in opposite directions in the past. ZIVB charges 1.35%/yr vs 2.38%/yr for BITX.
Performance
ZIVB vs. BITX - Performance Comparison
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Returns By Period
ZIVB
- 1D
- 0.00%
- 1M
- 2.42%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BITX
- 1D
- -3.30%
- 1M
- 12.34%
- 6M
- -57.18%
- YTD
- -56.30%
- 1Y
- -79.29%
- 3Y*
- 5.85%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $93.72M | $100.23M | $122.17M | |
| $0.00 | $0.00 | $0.00 |
ZIVB vs. BITX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 36.51% |
BITX 2x Bitcoin Strategy ETF | -30.69% |
Correlation
The correlation between ZIVB and BITX is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 28, 2026 | -0.14 |
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Return for Risk
ZIVB vs. BITX — Risk / Return Rank
ZIVB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BITX
ZIVB vs. BITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB) and 2x Bitcoin Strategy ETF (BITX). 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.
| ZIVB | BITX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.80 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.95 | — |
| Martin ratioReturn relative to average drawdown | — | -1.35 | — |
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Drawdowns
ZIVB vs. BITX - Drawdown Comparison
The maximum ZIVB drawdown since its inception was 0.00%, smaller than the maximum BITX drawdown of -83.45%. Use the drawdown chart below to compare losses from any high point for ZIVB and BITX.
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Drawdown Indicators
| ZIVB | BITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -83.45% | +83.45% |
Max Drawdown (1Y)Largest decline over 1 year | — | -83.45% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -83.45% | — |
Current DrawdownCurrent decline from peak | 0.00% | -80.68% | +80.68% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -34.01% | +34.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 58.78% | — |
Volatility
ZIVB vs. BITX - Volatility Comparison
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Volatility by Period
| ZIVB | BITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.95% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 68.42% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 73.98% | 87.94% | -13.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.98% | 97.29% | -23.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.98% | 97.29% | -23.31% |
ZIVB vs. BITX - Expense Ratio Comparison
ZIVB has a 1.35% expense ratio, which is lower than BITX's 2.38% expense ratio.
Dividends
ZIVB vs. BITX - Dividend Comparison
ZIVB's dividend yield for the trailing twelve months is around 4.73%, less than BITX's 32.13% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITX 2x Bitcoin Strategy ETF | 32.13% | 21.69% | 10.70% |
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 4.73% | 0.00% | 0.00% |
Frequently Asked Questions
ZIVB and BITX have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
ZIVB is cheaper with a 1.35% expense ratio, compared with 2.38% for BITX.
BITX has the higher dividend yield at 32.13%, compared with 4.73% for ZIVB.
ZIVB is categorized as Inverse Equities, while BITX is Cryptocurrency. Their fees differ too: 1.35% for ZIVB and 2.38% for BITX.
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