ZIVB vs. DOG

Last updated Jun 5, 2026

ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) and DOG (ProShares Short Dow30) are both Inverse Equities funds. ZIVB is actively managed, while DOG is passively managed. ZIVB charges 1.35%/yr vs 0.95%/yr for DOG.

Performance

ZIVB vs. DOG - 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 ProShares Short Dow30 (DOG). 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*: —

DOG

• 1D: -1.65%
• 1M: -4.30%
• YTD: -5.73%
• 6M: -5.73%
• 1Y: -14.39%
• 3Y*: -8.97%
• 5Y*: -5.63%
• 10Y*: -11.26%

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

ZIVB vs. DOG - Yearly Performance Comparison

	2026 (YTD)
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%
DOG ProShares Short Dow30	-1.87%

Return for Risk

ZIVB vs. DOG — Risk / Return Rank

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

DOG

DOG Risk / Return Rank: 1
DOG Sharpe Ratio Rank: 1
DOG Sortino Ratio Rank: 1
DOG Omega Ratio Rank: 1
DOG Calmar Ratio Rank: 1
DOG 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. DOG - 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 ProShares Short Dow30 (DOG). 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	DOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.18	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.38	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.57	—

Drawdowns

ZIVB vs. DOG - Drawdown Comparison

The maximum ZIVB drawdown since its inception was 0.00%, smaller than the maximum DOG drawdown of -92.73%. Use the drawdown chart below to compare losses from any high point for ZIVB and DOG.

Drawdown Indicators

	ZIVB	DOG	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-92.73%	+92.73%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.09%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-29.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.35%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-70.95%	—
Current Drawdown Current decline from peak	0.00%	-92.73%	+92.73%
Average Drawdown Average peak-to-trough decline	0.00%	-66.40%	+66.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.94%	—

Volatility

Volatility by Period

	ZIVB	DOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	12.23%	-12.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	14.80%	-14.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	17.49%	-17.49%

ZIVB vs. DOG - Expense Ratio Comparison

ZIVB has a 1.35% expense ratio, which is higher than DOG's 0.95% expense ratio.

Dividends

ZIVB vs. DOG - Dividend Comparison

ZIVB has not paid dividends to shareholders, while DOG's dividend yield for the trailing twelve months is around 3.55%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DOG ProShares Short Dow30	3.55%	3.65%	5.72%	4.54%	0.41%	0.00%	0.14%	1.54%	0.86%	0.04%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, ZIVB or DOG?

On fees, DOG is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZIVB or DOG?

DOG is cheaper with a 0.95% expense ratio, compared with 1.35% for ZIVB.

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

DOG has the higher dividend yield at 3.55%, compared with 0.00% for ZIVB.

What is the main difference between ZIVB and DOG?

They also come from different issuers: Volatility Shares and ProShares. Their fees differ too: 1.35% for ZIVB and 0.95% for DOG.