ZIVB vs. VIXM
Compare and contrast key facts about -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB) and ProShares VIX Mid-Term Futures ETF (VIXM).
ZIVB and VIXM 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. VIXM is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX Mid-Term Futures Index. It was launched on Jan 4, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZIVB or VIXM.
Key characteristics
| ZIVB | VIXM | |
|---|---|---|
| YTD Return | 14.25% | -16.60% |
| 1Y Return | 23.22% | -22.99% |
| Sharpe Ratio | 0.89 | -0.66 |
| Sortino Ratio | 1.23 | -0.93 |
| Omega Ratio | 1.19 | 0.88 |
| Calmar Ratio | 0.98 | -0.26 |
| Martin Ratio | 3.50 | -1.37 |
| Ulcer Index | 7.65% | 18.30% |
| Daily Std Dev | 30.06% | 37.98% |
| Max Drawdown | -27.26% | -96.20% |
| Current Drawdown | -6.72% | -96.17% |
Correlation
The correlation between ZIVB and VIXM is -0.97. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
ZIVB vs. VIXM - Performance Comparison
In the year-to-date period, ZIVB achieves a 14.25% return, which is significantly higher than VIXM's -16.60% 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. VIXM - Expense Ratio Comparison
ZIVB has a 1.35% expense ratio, which is higher than VIXM's 0.85% expense ratio.
Risk-Adjusted Performance
ZIVB vs. VIXM - 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 VIX Mid-Term Futures ETF (VIXM). 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. VIXM - Dividend Comparison
ZIVB's dividend yield for the trailing twelve months is around 23.90%, while VIXM has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 23.90% | 0.54% |
VIXM ProShares VIX Mid-Term Futures ETF | 0.00% | 0.00% |
Drawdowns
ZIVB vs. VIXM - Drawdown Comparison
The maximum ZIVB drawdown since its inception was -27.26%, smaller than the maximum VIXM drawdown of -96.20%. Use the drawdown chart below to compare losses from any high point for ZIVB and VIXM. For additional features, visit the drawdowns tool.
Volatility
ZIVB vs. VIXM - Volatility Comparison
-1x Short VIX Mid-Term Futures Strategy ETF (ZIVB) and ProShares VIX Mid-Term Futures ETF (VIXM) have volatilities of 8.65% and 8.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.