ZIVB vs. QQQD

Last updated Jun 5, 2026

ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) and QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) are both Inverse Equities funds. ZIVB is actively managed, while QQQD is passively managed. ZIVB charges 1.35%/yr vs 0.57%/yr for QQQD.

Performance

ZIVB vs. QQQD - 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 Direxion Daily Magnificent 7 Bear 1X Shares (QQQD). 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*: —

QQQD

• 1D: -1.20%
• 1M: -2.83%
• YTD: -4.06%
• 6M: -3.12%
• 1Y: -22.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ZIVB vs. QQQD - Yearly Performance Comparison

	2026 (YTD)
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	2.40%

Return for Risk

ZIVB vs. QQQD — Risk / Return Rank

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

QQQD

QQQD Risk / Return Rank: 2
QQQD Sharpe Ratio Rank: 1
QQQD Sortino Ratio Rank: 1
QQQD Omega Ratio Rank: 2
QQQD Calmar Ratio Rank: 2
QQQD Martin Ratio Rank: 3

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. QQQD - 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 Magnificent 7 Bear 1X Shares (QQQD). 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	QQQD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.87	—

Drawdowns

ZIVB vs. QQQD - Drawdown Comparison

The maximum ZIVB drawdown since its inception was 0.00%, smaller than the maximum QQQD drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for ZIVB and QQQD.

Drawdown Indicators

	ZIVB	QQQD	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-49.47%	+49.47%
Max Drawdown (1Y) Largest decline over 1 year	—	-26.65%	—
Current Drawdown Current decline from peak	0.00%	-48.13%	+48.13%
Average Drawdown Average peak-to-trough decline	0.00%	-30.37%	+30.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.79%	—

Volatility

Volatility by Period

	ZIVB	QQQD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	20.24%	-20.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	26.76%	-26.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	26.76%	-26.76%

ZIVB vs. QQQD - Expense Ratio Comparison

ZIVB has a 1.35% expense ratio, which is higher than QQQD's 0.57% expense ratio.

Dividends

ZIVB vs. QQQD - Dividend Comparison

ZIVB has not paid dividends to shareholders, while QQQD's dividend yield for the trailing twelve months is around 4.12%.

Position	TTM	2025	2024
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	4.12%	4.33%	5.17%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, ZIVB or QQQD?

On fees, QQQD is cheaper at 0.57% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZIVB or QQQD?

QQQD is cheaper with a 0.57% expense ratio, compared with 1.35% for ZIVB.

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

QQQD has the higher dividend yield at 4.12%, compared with 0.00% for ZIVB.

What is the main difference between ZIVB and QQQD?

They also come from different issuers: Volatility Shares and Direxion. Their fees differ too: 1.35% for ZIVB and 0.57% for QQQD.