ZIVB vs. QQQY

Last updated Jun 5, 2026

ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - ZIVB is a Inverse Equities fund actively managed by Volatility Shares, while QQQY is a Nasdaq-100 fund actively managed by Defiance. Both are actively managed. ZIVB charges 1.35%/yr vs 0.99%/yr for QQQY.

Performance

ZIVB vs. QQQY - 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 Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). 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*: —

QQQY

• 1D: -0.19%
• 1M: 7.95%
• YTD: 18.85%
• 6M: 18.67%
• 1Y: 35.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ZIVB vs. QQQY - Yearly Performance Comparison

	2026 (YTD)
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	0.50%

Return for Risk

ZIVB vs. QQQY — Risk / Return Rank

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

QQQY

QQQY Risk / Return Rank: 75
QQQY Sharpe Ratio Rank: 82
QQQY Sortino Ratio Rank: 75
QQQY Omega Ratio Rank: 81
QQQY Calmar Ratio Rank: 65
QQQY Martin Ratio Rank: 74

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. QQQY - 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 Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). 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	QQQY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.25	—

Drawdowns

ZIVB vs. QQQY - Drawdown Comparison

The maximum ZIVB drawdown since its inception was 0.00%, smaller than the maximum QQQY drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for ZIVB and QQQY.

Drawdown Indicators

	ZIVB	QQQY	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-19.05%	+19.05%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.14%	—
Current Drawdown Current decline from peak	0.00%	-0.55%	+0.55%
Average Drawdown Average peak-to-trough decline	0.00%	-2.91%	+2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.61%	—

Volatility

Volatility by Period

	ZIVB	QQQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	13.66%	-13.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	14.74%	-14.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	14.74%	-14.74%

ZIVB vs. QQQY - Expense Ratio Comparison

ZIVB has a 1.35% expense ratio, which is higher than QQQY's 0.99% expense ratio.

Dividends

ZIVB vs. QQQY - Dividend Comparison

ZIVB has not paid dividends to shareholders, while QQQY's dividend yield for the trailing twelve months is around 35.18%.

Position	TTM	2025	2024	2023
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	35.18%	45.34%	83.34%	20.64%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, ZIVB or QQQY?

On fees, QQQY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZIVB or QQQY?

QQQY is cheaper with a 0.99% expense ratio, compared with 1.35% for ZIVB.

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

QQQY has the higher dividend yield at 35.18%, compared with 0.00% for ZIVB.

What is the main difference between ZIVB and QQQY?

ZIVB is categorized as Inverse Equities, while QQQY is Nasdaq-100. They also come from different issuers: Volatility Shares and Defiance. Their fees differ too: 1.35% for ZIVB and 0.99% for QQQY.