ZIVB vs. SMST
ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) and SMST (Defiance Daily Target 2X Short MSTR ETF) are both Inverse Equities funds. Both are actively managed. ZIVB charges 1.35%/yr vs 1.29%/yr for SMST.
Performance
ZIVB vs. SMST - Performance Comparison
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Returns By Period
ZIVB
- 1D
- 0.00%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMST
- 1D
- -4.37%
- 1M
- 82.90%
- YTD
- -51.70%
- 6M
- -32.23%
- 1Y
- 61.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZIVB vs. SMST - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 0.00% |
SMST Defiance Daily Target 2X Short MSTR ETF | 29.69% |
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Return for Risk
ZIVB vs. SMST — Risk / Return Rank
ZIVB
SMST
ZIVB vs. SMST - 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 Daily Target 2X Short MSTR ETF (SMST). 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 | SMST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | -0.53 | — |
Drawdowns
ZIVB vs. SMST - Drawdown Comparison
The maximum ZIVB drawdown since its inception was 0.00%, smaller than the maximum SMST drawdown of -99.25%. Use the drawdown chart below to compare losses from any high point for ZIVB and SMST.
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Drawdown Indicators
| ZIVB | SMST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -99.25% | +99.25% |
Max Drawdown (1Y)Largest decline over 1 year | — | -85.39% | — |
Current DrawdownCurrent decline from peak | 0.00% | -98.10% | +98.10% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -90.68% | +90.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 40.97% | — |
Volatility
ZIVB vs. SMST - Volatility Comparison
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Volatility by Period
| ZIVB | SMST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 37.55% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 126.04% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.00% | 140.75% | -140.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.00% | 166.63% | -166.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.00% | 166.63% | -166.63% |
ZIVB vs. SMST - Expense Ratio Comparison
ZIVB has a 1.35% expense ratio, which is higher than SMST's 1.29% expense ratio.
Dividends
ZIVB vs. SMST - Dividend Comparison
Neither ZIVB nor SMST has paid dividends to shareholders.
Frequently Asked Questions
On fees, SMST is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMST is cheaper with a 1.29% expense ratio, compared with 1.35% for ZIVB.
ZIVB and SMST have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Volatility Shares and Defiance. Their fees differ too: 1.35% for ZIVB and 1.29% for SMST.
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