ZIVB vs. EMTY

Last updated Jun 5, 2026

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. ZIVB charges 1.35%/yr vs 0.66%/yr for EMTY.

Performance

ZIVB vs. EMTY - 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 Decline of the Retail Store ETF (EMTY). 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*: —

EMTY

• 1D: 0.88%
• 1M: 2.56%
• YTD: 1.98%
• 6M: 4.57%
• 1Y: 1.97%
• 3Y*: -4.87%
• 5Y*: -2.70%
• 10Y*: —

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

ZIVB vs. EMTY - Yearly Performance Comparison

	2026 (YTD)
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%
EMTY ProShares Decline of the Retail Store ETF	4.04%

Return for Risk

ZIVB vs. EMTY — Risk / Return Rank

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

EMTY

EMTY Risk / Return Rank: 11
EMTY Sharpe Ratio Rank: 11
EMTY Sortino Ratio Rank: 10
EMTY Omega Ratio Rank: 10
EMTY Calmar Ratio Rank: 11
EMTY Martin Ratio Rank: 10

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. 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.

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

Sharpe Ratios by Period

	ZIVB	EMTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.11	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.43	—

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.

Drawdown Indicators

	ZIVB	EMTY	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-77.62%	+77.62%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.00%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-30.83%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.83%	—
Current Drawdown Current decline from peak	0.00%	-74.55%	+74.55%
Average Drawdown Average peak-to-trough decline	0.00%	-54.02%	+54.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.11%	—

Volatility

Volatility by Period

	ZIVB	EMTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.41%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	17.65%	-17.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	22.36%	-22.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	25.67%	-25.67%

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 has not paid dividends to shareholders, while EMTY's dividend yield for the trailing twelve months is around 3.42%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMTY ProShares Decline of the Retail Store ETF	3.42%	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	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 EMTY?

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.

Which ETF is cheaper, ZIVB or EMTY?

EMTY is cheaper with a 0.66% expense ratio, compared with 1.35% for ZIVB.

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

EMTY has the higher dividend yield at 3.42%, compared with 0.00% for ZIVB.

What is the main difference between ZIVB and EMTY?

They also come from different issuers: Volatility Shares and ProShares. Their fees differ too: 1.35% for ZIVB and 0.66% for EMTY.