ZIVB vs. MUD
ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) and MUD (Direxion Daily MU Bear 1X Shares) are both Inverse Equities funds. Both are actively managed. ZIVB charges 1.35%/yr vs 0.97%/yr for MUD.
Performance
ZIVB vs. MUD - Performance Comparison
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Returns By Period
ZIVB
- 1D
- 0.00%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUD
- 1D
- 7.69%
- 1M
- -41.70%
- YTD
- -78.01%
- 6M
- -83.04%
- 1Y
- -93.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZIVB vs. MUD - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 0.00% |
MUD Direxion Daily MU Bear 1X Shares | -8.54% |
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Return for Risk
ZIVB vs. MUD — Risk / Return Rank
ZIVB
MUD
ZIVB vs. MUD - 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 Direxion Daily MU Bear 1X Shares (MUD). 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.
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Sharpe Ratios by Period
| ZIVB | MUD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | -1.23 | — |
Drawdowns
ZIVB vs. MUD - Drawdown Comparison
The maximum ZIVB drawdown since its inception was 0.00%, smaller than the maximum MUD drawdown of -96.24%. Use the drawdown chart below to compare losses from any high point for ZIVB and MUD.
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Drawdown Indicators
| ZIVB | MUD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -96.24% | +96.24% |
Max Drawdown (1Y)Largest decline over 1 year | — | -93.38% | — |
Current DrawdownCurrent decline from peak | 0.00% | -95.95% | +95.95% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -50.44% | +50.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 61.86% | — |
Volatility
ZIVB vs. MUD - Volatility Comparison
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Volatility by Period
| ZIVB | MUD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 32.48% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 56.97% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.00% | 66.48% | -66.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.00% | 67.29% | -67.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.00% | 67.29% | -67.29% |
ZIVB vs. MUD - Expense Ratio Comparison
ZIVB has a 1.35% expense ratio, which is higher than MUD's 0.97% expense ratio.
Dividends
ZIVB vs. MUD - Dividend Comparison
ZIVB has not paid dividends to shareholders, while MUD's dividend yield for the trailing twelve months is around 26.79%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MUD Direxion Daily MU Bear 1X Shares | 26.79% | 9.21% | 0.47% |
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
On fees, MUD is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MUD is cheaper with a 0.97% expense ratio, compared with 1.35% for ZIVB.
MUD has the higher dividend yield at 26.79%, compared with 0.00% for ZIVB.
They also come from different issuers: Volatility Shares and Direxion. Their fees differ too: 1.35% for ZIVB and 0.97% for MUD.
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