ZIVB vs. TQQQ
ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - ZIVB is a Inverse Equities fund actively managed by Volatility Shares, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). ZIVB is actively managed, while TQQQ is passively managed. Their 0.01 correlation means their historical movements had little consistent relationship. ZIVB charges 1.35%/yr vs 0.95%/yr for TQQQ.
Performance
ZIVB vs. TQQQ - Performance Comparison
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Returns By Period
ZIVB
- 1D
- 0.00%
- 1M
- 2.42%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TQQQ
- 1D
- -2.90%
- 1M
- -14.30%
- 6M
- 9.31%
- YTD
- 17.23%
- 1Y
- 38.02%
- 3Y*
- 41.23%
- 5Y*
- 13.91%
- 10Y*
- 38.69%
- ALL TIME*
- 41.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.23B | $4.54B | $5.30B | |
| $0.00 | $0.00 | $0.00 |
ZIVB vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 36.51% |
TQQQ ProShares UltraPro QQQ | -24.45% |
Correlation
The correlation between ZIVB and TQQQ is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 28, 2026 | 0.01 |
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Return for Risk
ZIVB vs. TQQQ — Risk / Return Rank
ZIVB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TQQQ
ZIVB vs. TQQQ - 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 UltraPro QQQ (TQQQ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZIVB | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.15 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.03 | — |
| Martin ratioReturn relative to average drawdown | — | 2.96 | — |
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Drawdowns
ZIVB vs. TQQQ - Drawdown Comparison
The maximum ZIVB drawdown since its inception was 0.00%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ZIVB and TQQQ.
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Drawdown Indicators
| ZIVB | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -81.66% | +81.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -36.97% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -58.04% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.66% | — |
Current DrawdownCurrent decline from peak | 0.00% | -29.26% | +29.26% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -18.49% | +18.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.86% | — |
Volatility
ZIVB vs. TQQQ - Volatility Comparison
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Volatility by Period
| ZIVB | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 19.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 46.53% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 73.98% | 56.46% | +17.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.98% | 67.88% | +6.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.98% | 66.50% | +7.48% |
ZIVB vs. TQQQ - Expense Ratio Comparison
ZIVB has a 1.35% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Dividends
ZIVB vs. TQQQ - Dividend Comparison
ZIVB's dividend yield for the trailing twelve months is around 4.73%, more than TQQQ's 0.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 0.61% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 4.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZIVB and TQQQ have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TQQQ is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TQQQ is cheaper with a 0.95% expense ratio, compared with 1.35% for ZIVB.
ZIVB has the higher dividend yield at 4.73%, compared with 0.61% for TQQQ.
ZIVB is categorized as Inverse Equities, while TQQQ is Leveraged Equities. They also come from different issuers: Volatility Shares and ProShares. Their fees differ too: 1.35% for ZIVB and 0.95% for TQQQ.
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