ZIVB vs. BITX

Last updated Jun 4, 2026

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. ZIVB charges 1.35%/yr vs 2.38%/yr for BITX.

Performance

ZIVB vs. BITX - Performance Comparison

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

Returns By Period

ZIVB

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

BITX

• 1D: -5.39%
• 1M: -34.65%
• YTD: -52.31%
• 6M: -58.66%
• 1Y: -73.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ZIVB vs. BITX - Yearly Performance Comparison

	2026 (YTD)
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%
BITX 2x Bitcoin Strategy ETF	-21.15%

Return for Risk

ZIVB vs. BITX — Risk / Return Rank

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

BITX

BITX Risk / Return Rank: 2
BITX Sharpe Ratio Rank: 2
BITX Sortino Ratio Rank: 2
BITX Omega Ratio Rank: 2
BITX Calmar Ratio Rank: 1
BITX Martin Ratio Rank: 1

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.

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.

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

Sharpe Ratios by Period

	ZIVB	BITX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.04	—

Drawdowns

ZIVB vs. BITX - Drawdown Comparison

The maximum ZIVB drawdown since its inception was 0.00%, smaller than the maximum BITX drawdown of -78.92%. Use the drawdown chart below to compare losses from any high point for ZIVB and BITX.

Drawdown Indicators

	ZIVB	BITX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-78.92%	+78.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-78.92%	—
Current Drawdown Current decline from peak	0.00%	-78.92%	+78.92%
Average Drawdown Average peak-to-trough decline	0.00%	-31.70%	+31.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	50.03%	—

Volatility

Volatility by Period

	ZIVB	BITX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	69.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	86.83%	-86.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	98.27%	-98.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	98.27%	-98.27%

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 has not paid dividends to shareholders, while BITX's dividend yield for the trailing twelve months is around 33.24%.

Position	TTM	2025	2024
BITX 2x Bitcoin Strategy ETF	33.24%	21.69%	10.70%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, ZIVB or BITX?

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.

Which ETF is cheaper, ZIVB or BITX?

ZIVB is cheaper with a 1.35% expense ratio, compared with 2.38% for BITX.

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

BITX has the higher dividend yield at 33.24%, compared with 0.00% for ZIVB.

What is the main difference between ZIVB and BITX?

ZIVB is categorized as Inverse Equities, while BITX is Cryptocurrency. Their fees differ too: 1.35% for ZIVB and 2.38% for BITX.