ZIVB vs. EMTY
ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) and EMTY (ProShares Decline of the Retail Store ETF) are both Inverse Equities funds. ZIVB is actively managed, while EMTY is passively managed. At a 0.02 correlation, their price movements are largely independent. ZIVB charges 1.35%/yr vs 0.66%/yr for EMTY.
Performance
ZIVB vs. EMTY - Performance Comparison
Loading charts...
Returns By Period
ZIVB
- 1D
- 0.00%
- 1M
- 2.42%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMTY
- 1D
- 0.17%
- 1M
- -0.73%
- 6M
- 5.22%
- YTD
- 0.73%
- 1Y
- 3.36%
- 3Y*
- -3.05%
- 5Y*
- -2.75%
- 10Y*
- —
ZIVB vs. EMTY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 33.28% |
EMTY ProShares Decline of the Retail Store ETF | 0.86% |
Correlation
The correlation between ZIVB and EMTY is 0.02, 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 | 0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZIVB vs. EMTY — Risk / Return Rank
ZIVB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EMTY
ZIVB vs. EMTY - 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 Decline of the Retail Store ETF (EMTY). 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 | EMTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.05 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.24 | — |
| Martin ratioReturn relative to average drawdown | — | 0.52 | — |
Loading charts...
Drawdowns
ZIVB vs. EMTY - Drawdown Comparison
The maximum ZIVB drawdown since its inception was 0.00%, smaller than the maximum EMTY drawdown of -77.62%. Use the drawdown chart below to compare losses from any high point for ZIVB and EMTY.
Loading charts...
Drawdown Indicators
| ZIVB | EMTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -77.62% | +77.62% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.91% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.83% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.83% | — |
Current DrawdownCurrent decline from peak | 0.00% | -74.86% | +74.86% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -54.48% | +54.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.46% | — |
Volatility
ZIVB vs. EMTY - Volatility Comparison
Loading charts...
Volatility by Period
| ZIVB | EMTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.30% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 90.41% | 17.96% | +72.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.41% | 22.41% | +68.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.41% | 25.62% | +64.79% |
ZIVB vs. EMTY - Expense Ratio Comparison
ZIVB has a 1.35% expense ratio, which is higher than EMTY's 0.66% expense ratio.
Dividends
ZIVB vs. EMTY - Dividend Comparison
ZIVB's dividend yield for the trailing twelve months is around 2.37%, less than EMTY's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMTY ProShares Decline of the Retail Store ETF | 3.23% | 3.83% | 6.00% | 4.41% | 0.65% | 0.00% | 0.07% | 0.82% | 0.62% | 0.03% |
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 2.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZIVB and EMTY have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMTY is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMTY is cheaper with a 0.66% expense ratio, compared with 1.35% for ZIVB.
EMTY has the higher dividend yield at 3.23%, compared with 2.37% for ZIVB.
They also come from different issuers: Volatility Shares and ProShares. Their fees differ too: 1.35% for ZIVB and 0.66% for EMTY.
Find the right allocation for ZIVB and EMTY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer