ZIVB vs. YMAX
Compare and contrast key facts about -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB) and YieldMax Universe Fund of Option Income ETFs (YMAX).
ZIVB and YMAX 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. YMAX is an actively managed fund by YieldMax. It was launched on Jan 16, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZIVB or YMAX.
Correlation
The correlation between ZIVB and YMAX is 0.57, 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. YMAX - Performance Comparison
Key characteristics
ZIVB:
0.11
YMAX:
1.28
ZIVB:
0.36
YMAX:
1.74
ZIVB:
1.05
YMAX:
1.23
ZIVB:
0.13
YMAX:
1.90
ZIVB:
0.40
YMAX:
5.95
ZIVB:
9.10%
YMAX:
4.08%
ZIVB:
31.89%
YMAX:
18.85%
ZIVB:
-27.26%
YMAX:
-12.78%
ZIVB:
-12.04%
YMAX:
-2.28%
Returns By Period
In the year-to-date period, ZIVB achieves a -1.41% return, which is significantly lower than YMAX's 4.50% return.
ZIVB
-1.41%
-1.77%
-0.81%
2.89%
N/A
N/A
YMAX
4.50%
2.28%
18.87%
27.52%
N/A
N/A
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ZIVB vs. YMAX - Expense Ratio Comparison
ZIVB has a 1.35% expense ratio, which is higher than YMAX's 1.28% expense ratio.
Risk-Adjusted Performance
ZIVB vs. YMAX — Risk-Adjusted Performance Rank
ZIVB
YMAX
ZIVB vs. YMAX - 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 YieldMax Universe Fund of Option Income ETFs (YMAX). 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. YMAX - Dividend Comparison
ZIVB's dividend yield for the trailing twelve months is around 31.93%, less than YMAX's 48.56% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 31.93% | 30.68% | 0.55% |
YMAX YieldMax Universe Fund of Option Income ETFs | 48.56% | 44.21% | 0.00% |
Drawdowns
ZIVB vs. YMAX - Drawdown Comparison
The maximum ZIVB drawdown since its inception was -27.26%, which is greater than YMAX's maximum drawdown of -12.78%. Use the drawdown chart below to compare losses from any high point for ZIVB and YMAX. For additional features, visit the drawdowns tool.
Volatility
ZIVB vs. YMAX - Volatility Comparison
The current volatility for -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB) is 4.98%, while YieldMax Universe Fund of Option Income ETFs (YMAX) has a volatility of 5.65%. This indicates that ZIVB experiences smaller price fluctuations and is considered to be less risky than YMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.