ZIVB vs. UVIX
ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) and UVIX (2x Long VIX Futures ETF) are both exchange-traded funds - ZIVB is a Inverse Equities fund actively managed by Volatility Shares, while UVIX is a Volatility fund tracking the Long VIX Futures Index (200% Daily). ZIVB is actively managed, while UVIX is passively managed. Their 0.12 correlation means their historical movements had little consistent relationship. ZIVB charges 1.35%/yr vs 2.78%/yr for UVIX.
Performance
ZIVB vs. UVIX - Performance Comparison
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Returns By Period
ZIVB
- 1D
- 0.00%
- 1M
- 2.42%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
UVIX
- 1D
- -1.18%
- 1M
- -13.73%
- 6M
- -46.75%
- YTD
- -47.12%
- 1Y
- -81.42%
- 3Y*
- -79.68%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -83.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $105.11M | $90.88M | $162.21M | |
| $0.00 | $0.00 | $0.00 |
ZIVB vs. UVIX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 36.51% |
UVIX 2x Long VIX Futures ETF | -26.71% |
Correlation
The correlation between ZIVB and UVIX is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 28, 2026 | 0.12 |
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Return for Risk
ZIVB vs. UVIX — Risk / Return Rank
ZIVB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UVIX
ZIVB vs. UVIX - 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 2x Long VIX Futures ETF (UVIX). 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 | UVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.85 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.94 | — |
| Martin ratioReturn relative to average drawdown | — | -1.28 | — |
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Drawdowns
ZIVB vs. UVIX - Drawdown Comparison
The maximum ZIVB drawdown since its inception was 0.00%, smaller than the maximum UVIX drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for ZIVB and UVIX.
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Drawdown Indicators
| ZIVB | UVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -99.98% | +99.98% |
Max Drawdown (1Y)Largest decline over 1 year | — | -86.37% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -99.42% | — |
Current DrawdownCurrent decline from peak | 0.00% | -99.98% | +99.98% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -88.83% | +88.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 63.74% | — |
Volatility
ZIVB vs. UVIX - Volatility Comparison
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Volatility by Period
| ZIVB | UVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 22.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 84.02% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 73.98% | 113.59% | -39.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.98% | 135.06% | -61.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.98% | 135.06% | -61.08% |
ZIVB vs. UVIX - Expense Ratio Comparison
ZIVB has a 1.35% expense ratio, which is lower than UVIX's 2.78% expense ratio.
Dividends
ZIVB vs. UVIX - Dividend Comparison
ZIVB's dividend yield for the trailing twelve months is around 4.73%, while UVIX has not paid dividends to shareholders.
| Position | TTM |
|---|---|
UVIX 2x Long VIX Futures ETF | 0.00% |
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 4.73% |
Frequently Asked Questions
ZIVB and UVIX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
ZIVB is cheaper with a 1.35% expense ratio, compared with 2.78% for UVIX.
ZIVB has the higher dividend yield at 4.73%, compared with 0.00% for UVIX.
ZIVB is categorized as Inverse Equities, while UVIX is Volatility. Their fees differ too: 1.35% for ZIVB and 2.78% for UVIX.
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