ZIVB vs. PSQ

Last updated Jun 5, 2026

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

Performance

ZIVB vs. PSQ - 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 QQQ (PSQ). 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*: —

PSQ

• 1D: 0.48%
• 1M: -7.75%
• YTD: -16.05%
• 6M: -14.67%
• 1Y: -25.77%
• 3Y*: -18.85%
• 5Y*: -14.47%
• 10Y*: -19.16%

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

ZIVB vs. PSQ - Yearly Performance Comparison

	2026 (YTD)
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%
PSQ ProShares Short QQQ	-0.63%

Return for Risk

ZIVB vs. PSQ — Risk / Return Rank

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

PSQ

PSQ Risk / Return Rank: 0
PSQ Sharpe Ratio Rank: 0
PSQ Sortino Ratio Rank: 0
PSQ Omega Ratio Rank: 0
PSQ Calmar Ratio Rank: 1
PSQ Martin Ratio Rank: 0

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. PSQ - 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 QQQ (PSQ). 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	PSQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.62	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.65	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.76	—

Drawdowns

ZIVB vs. PSQ - Drawdown Comparison

The maximum ZIVB drawdown since its inception was 0.00%, smaller than the maximum PSQ drawdown of -98.26%. Use the drawdown chart below to compare losses from any high point for ZIVB and PSQ.

Drawdown Indicators

	ZIVB	PSQ	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-98.26%	+98.26%
Max Drawdown (1Y) Largest decline over 1 year	—	-26.93%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-49.65%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-60.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-88.98%	—
Current Drawdown Current decline from peak	0.00%	-98.24%	+98.24%
Average Drawdown Average peak-to-trough decline	0.00%	-73.98%	+73.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.52%	—

Volatility

Volatility by Period

	ZIVB	PSQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	16.00%	-16.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	22.41%	-22.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	22.25%	-22.25%

ZIVB vs. PSQ - Expense Ratio Comparison

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

Dividends

ZIVB vs. PSQ - Dividend Comparison

ZIVB has not paid dividends to shareholders, while PSQ's dividend yield for the trailing twelve months is around 5.21%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSQ ProShares Short QQQ	5.21%	4.97%	7.15%	6.01%	0.35%	0.00%	0.31%	1.75%	0.95%	0.02%
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 PSQ?

On fees, PSQ 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 PSQ?

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

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

PSQ has the higher dividend yield at 5.21%, compared with 0.00% for ZIVB.

What is the main difference between ZIVB and PSQ?

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