ZIVB vs. TQQQ

Last updated Jun 5, 2026

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. ZIVB charges 1.35%/yr vs 0.95%/yr for TQQQ.

Performance

ZIVB vs. TQQQ - 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 UltraPro QQQ (TQQQ). 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*: —

TQQQ

• 1D: -1.55%
• 1M: 26.46%
• YTD: 61.91%
• 6M: 54.01%
• 1Y: 132.34%
• 3Y*: 68.49%
• 5Y*: 27.97%
• 10Y*: 44.95%

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

ZIVB vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%
TQQQ ProShares UltraPro QQQ	1.84%

Return for Risk

ZIVB vs. TQQQ — Risk / Return Rank

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

TQQQ

TQQQ Risk / Return Rank: 71
TQQQ Sharpe Ratio Rank: 86
TQQQ Sortino Ratio Rank: 67
TQQQ Omega Ratio Rank: 66
TQQQ Calmar Ratio Rank: 73
TQQQ Martin Ratio Rank: 66

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. 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.

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

Sharpe Ratios by Period

	ZIVB	TQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.80	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.42	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.74	—

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.

Drawdown Indicators

	ZIVB	TQQQ	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	0.00%	-2.29%	+2.29%
Average Drawdown Average peak-to-trough decline	0.00%	-18.52%	+18.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.28%	—

Volatility

Volatility by Period

	ZIVB	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	36.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	47.60%	-47.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	66.50%	-66.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	65.95%	-65.95%

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 has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.37%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TQQQ ProShares UltraPro QQQ	0.37%	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	0.00%	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

Which ETF is better, ZIVB or TQQQ?

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.

Which ETF is cheaper, ZIVB or TQQQ?

TQQQ is cheaper with a 0.95% expense ratio, compared with 1.35% for ZIVB.

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

TQQQ has the higher dividend yield at 0.37%, compared with 0.00% for ZIVB.

What is the main difference between ZIVB and 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.