ZIVB vs. SVXY
Compare and contrast key facts about -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB) and ProShares Short VIX Short-Term Futures ETF (SVXY).
ZIVB and SVXY 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. SVXY is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX Short-Term Futures Index (-100%). It was launched on Oct 3, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZIVB or SVXY.
Key characteristics
| ZIVB | SVXY | |
|---|---|---|
| YTD Return | 13.92% | 0.56% |
| 1Y Return | 26.41% | 16.17% |
| Sharpe Ratio | 0.79 | 0.36 |
| Sortino Ratio | 1.13 | 0.66 |
| Omega Ratio | 1.18 | 1.13 |
| Calmar Ratio | 0.88 | 0.16 |
| Martin Ratio | 3.13 | 1.13 |
| Ulcer Index | 7.64% | 12.36% |
| Daily Std Dev | 30.20% | 38.23% |
| Max Drawdown | -27.26% | -95.25% |
| Current Drawdown | -6.99% | -81.19% |
Correlation
The correlation between ZIVB and SVXY is 0.90, 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. SVXY - Performance Comparison
In the year-to-date period, ZIVB achieves a 13.92% return, which is significantly higher than SVXY's 0.56% 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. SVXY - Expense Ratio Comparison
ZIVB has a 1.35% expense ratio, which is lower than SVXY's 1.38% expense ratio.
Risk-Adjusted Performance
ZIVB vs. SVXY - 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 ProShares Short VIX Short-Term Futures ETF (SVXY). 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. SVXY - Dividend Comparison
ZIVB's dividend yield for the trailing twelve months is around 23.97%, while SVXY has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 23.97% | 0.54% |
SVXY ProShares Short VIX Short-Term Futures ETF | 0.00% | 0.00% |
Drawdowns
ZIVB vs. SVXY - Drawdown Comparison
The maximum ZIVB drawdown since its inception was -27.26%, smaller than the maximum SVXY drawdown of -95.25%. Use the drawdown chart below to compare losses from any high point for ZIVB and SVXY. For additional features, visit the drawdowns tool.
Volatility
ZIVB vs. SVXY - Volatility Comparison
The current volatility for -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB) is 8.65%, while ProShares Short VIX Short-Term Futures ETF (SVXY) has a volatility of 9.16%. This indicates that ZIVB experiences smaller price fluctuations and is considered to be less risky than SVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.