ZIVB vs. SVOL
Compare and contrast key facts about -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB) and Simplify Volatility Premium ETF (SVOL).
ZIVB and SVOL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZIVB is an actively managed fund by Volatility Shares. It was launched on Apr 17, 2023. SVOL is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 12, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZIVB or SVOL.
Key characteristics
| ZIVB | SVOL | |
|---|---|---|
| YTD Return | 6.64% | 8.63% |
| 1Y Return | 15.09% | 13.04% |
| Sharpe Ratio | 0.42 | 1.07 |
| Daily Std Dev | 32.02% | 11.91% |
| Max Drawdown | -27.26% | -15.68% |
| Current Drawdown | -12.93% | -1.02% |
Correlation
The correlation between ZIVB and SVOL is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ZIVB vs. SVOL - Performance Comparison
In the year-to-date period, ZIVB achieves a 6.64% return, which is significantly lower than SVOL's 8.63% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ZIVB vs. SVOL - Expense Ratio Comparison
ZIVB has a 1.35% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Risk-Adjusted Performance
ZIVB vs. SVOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB) and Simplify Volatility Premium ETF (SVOL). 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.
Dividends
ZIVB vs. SVOL - Dividend Comparison
ZIVB's dividend yield for the trailing twelve months is around 19.64%, more than SVOL's 16.21% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 19.64% | 0.55% | 0.00% | 0.00% |
SVOL Simplify Volatility Premium ETF | 16.21% | 16.36% | 18.21% | 4.65% |
Drawdowns
ZIVB vs. SVOL - Drawdown Comparison
The maximum ZIVB drawdown since its inception was -27.26%, which is greater than SVOL's maximum drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for ZIVB and SVOL. For additional features, visit the drawdowns tool.
Volatility
ZIVB vs. SVOL - Volatility Comparison
-1x Short VIX Mid-Term Futures Strategy ETF (ZIVB) has a higher volatility of 10.42% compared to Simplify Volatility Premium ETF (SVOL) at 3.64%. This indicates that ZIVB's price experiences larger fluctuations and is considered to be riskier than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.