ZIVB vs. TQQQ
Compare and contrast key facts about -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB) and ProShares UltraPro QQQ (TQQQ).
ZIVB and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZIVB or TQQQ.
Key characteristics
| ZIVB | TQQQ | |
|---|---|---|
| YTD Return | 13.92% | 64.96% |
| 1Y Return | 26.41% | 119.79% |
| Sharpe Ratio | 0.79 | 2.20 |
| Sortino Ratio | 1.13 | 2.54 |
| Omega Ratio | 1.18 | 1.34 |
| Calmar Ratio | 0.88 | 2.04 |
| Martin Ratio | 3.13 | 9.24 |
| Ulcer Index | 7.64% | 12.40% |
| Daily Std Dev | 30.20% | 52.07% |
| Max Drawdown | -27.26% | -81.66% |
| Current Drawdown | -6.99% | -3.47% |
Correlation
The correlation between ZIVB and TQQQ is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ZIVB vs. TQQQ - Performance Comparison
In the year-to-date period, ZIVB achieves a 13.92% return, which is significantly lower than TQQQ's 64.96% 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. TQQQ - Expense Ratio Comparison
ZIVB has a 1.35% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
ZIVB vs. TQQQ - 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 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.
Dividends
ZIVB vs. TQQQ - Dividend Comparison
ZIVB's dividend yield for the trailing twelve months is around 23.97%, more than TQQQ's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 23.97% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.15% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
ZIVB vs. TQQQ - Drawdown Comparison
The maximum ZIVB drawdown since its inception was -27.26%, 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. For additional features, visit the drawdowns tool.
Volatility
ZIVB vs. TQQQ - Volatility Comparison
The current volatility for -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB) is 8.65%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.47%. This indicates that ZIVB experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.