ZIVB vs. SVOL

Last updated Jun 3, 2026

ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) and SVOL (Simplify Volatility Premium ETF) are both exchange-traded funds - ZIVB is a Inverse Equities fund actively managed by Volatility Shares, while SVOL is a Volatility fund actively managed by Simplify. Both are actively managed. ZIVB charges 1.35%/yr vs 0.50%/yr for SVOL.

Performance

ZIVB vs. SVOL - 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 Simplify Volatility Premium ETF (SVOL). 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*: —

SVOL

• 1D: 0.19%
• 1M: 2.92%
• YTD: -0.28%
• 6M: 1.65%
• 1Y: 12.78%
• 3Y*: 6.62%
• 5Y*: 6.97%
• 10Y*: —

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

ZIVB vs. SVOL - Yearly Performance Comparison

	2026 (YTD)
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%
SVOL Simplify Volatility Premium ETF	0.25%

Return for Risk

ZIVB vs. SVOL — Risk / Return Rank

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

SVOL

SVOL Risk / Return Rank: 20
SVOL Sharpe Ratio Rank: 19
SVOL Sortino Ratio Rank: 19
SVOL Omega Ratio Rank: 21
SVOL Calmar Ratio Rank: 21
SVOL Martin Ratio Rank: 19

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. SVOL - 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 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ZIVB	SVOL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.61	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.35	—

Drawdowns

ZIVB vs. SVOL - Drawdown Comparison

The maximum ZIVB drawdown since its inception was 0.00%, smaller than the maximum SVOL drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for ZIVB and SVOL.

Drawdown Indicators

	ZIVB	SVOL	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-33.50%	+33.50%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-33.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.50%	—
Current Drawdown Current decline from peak	0.00%	-2.86%	+2.86%
Average Drawdown Average peak-to-trough decline	0.00%	-4.77%	+4.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.48%	—

Volatility

Volatility by Period

	ZIVB	SVOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	20.91%	-20.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	21.99%	-21.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	21.93%	-21.93%

ZIVB vs. SVOL - Expense Ratio Comparison

ZIVB has a 1.35% expense ratio, which is higher than SVOL's 0.50% expense ratio.

Dividends

ZIVB vs. SVOL - Dividend Comparison

ZIVB has not paid dividends to shareholders, while SVOL's dividend yield for the trailing twelve months is around 22.07%.

Position	TTM	2025	2024	2023	2022	2021
SVOL Simplify Volatility Premium ETF	22.07%	19.82%	16.79%	16.36%	18.32%	4.65%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, ZIVB or SVOL?

On fees, SVOL is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZIVB or SVOL?

SVOL is cheaper with a 0.50% expense ratio, compared with 1.35% for ZIVB.

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

SVOL has the higher dividend yield at 22.07%, compared with 0.00% for ZIVB.

What is the main difference between ZIVB and SVOL?

ZIVB is categorized as Inverse Equities, while SVOL is Volatility. They also come from different issuers: Volatility Shares and Simplify. Their fees differ too: 1.35% for ZIVB and 0.50% for SVOL.