ZIVB vs. SVXY

Last updated Jun 3, 2026

ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) and SVXY (ProShares Short VIX Short-Term Futures ETF) are both exchange-traded funds - ZIVB is a Inverse Equities fund actively managed by Volatility Shares, while SVXY is a Volatility fund tracking the S&P 500 VIX Short-Term Futures Index (-100%). ZIVB is actively managed, while SVXY is passively managed. ZIVB charges 1.35%/yr vs 1.38%/yr for SVXY.

Performance

ZIVB vs. SVXY - 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 ProShares Short VIX Short-Term Futures ETF (SVXY). 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*: —

SVXY

• 1D: 0.90%
• 1M: 7.87%
• YTD: -0.72%
• 6M: 8.06%
• 1Y: 35.12%
• 3Y*: 13.29%
• 5Y*: 16.44%
• 10Y*: -1.57%

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

ZIVB vs. SVXY - Yearly Performance Comparison

	2026 (YTD)
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%
SVXY ProShares Short VIX Short-Term Futures ETF	0.37%

Return for Risk

ZIVB vs. SVXY — Risk / Return Rank

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

SVXY

SVXY Risk / Return Rank: 33
SVXY Sharpe Ratio Rank: 34
SVXY Sortino Ratio Rank: 32
SVXY Omega Ratio Rank: 36
SVXY Calmar Ratio Rank: 32
SVXY Martin Ratio Rank: 33

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. SVXY - 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 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.

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

Sharpe Ratios by Period

	ZIVB	SVXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.23	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.47	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.22	—

Drawdowns

ZIVB vs. SVXY - Drawdown Comparison

The maximum ZIVB drawdown since its inception was 0.00%, 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.

Drawdown Indicators

	ZIVB	SVXY	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-95.25%	+95.25%
Max Drawdown (1Y) Largest decline over 1 year	—	-22.94%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-46.45%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.45%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-95.25%	—
Current Drawdown Current decline from peak	0.00%	-80.11%	+80.11%
Average Drawdown Average peak-to-trough decline	0.00%	-56.86%	+56.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.00%	—

Volatility

Volatility by Period

	ZIVB	SVXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	28.62%	-28.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	35.38%	-35.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	50.76%	-50.76%

ZIVB vs. SVXY - Expense Ratio Comparison

ZIVB has a 1.35% expense ratio, which is lower than SVXY's 1.38% expense ratio.

Dividends

ZIVB vs. SVXY - Dividend Comparison

Neither ZIVB nor SVXY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, ZIVB or SVXY?

On fees, ZIVB is cheaper at 1.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZIVB or SVXY?

ZIVB is cheaper with a 1.35% expense ratio, compared with 1.38% for SVXY.

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

ZIVB and SVXY have nearly identical dividend yields, around 0.00%.

What is the main difference between ZIVB and SVXY?

ZIVB is categorized as Inverse Equities, while SVXY is Volatility. They also come from different issuers: Volatility Shares and ProShares. Their fees differ too: 1.35% for ZIVB and 1.38% for SVXY.