ZIVB vs. ZVOL
ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) and ZVOL (Volatility Premium Plus ETF) are both exchange-traded funds - ZIVB is a Inverse Equities fund actively managed by Volatility Shares, while ZVOL is a Volatility fund tracking the S&P 500 VIX Mid Term Futures Inverse Daily Index. ZIVB is actively managed, while ZVOL is passively managed. Their 0.07 correlation means their historical movements had little consistent relationship. Both charge a 1.35% expense ratio.
Performance
ZIVB vs. ZVOL - Performance Comparison
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Returns By Period
ZIVB
- 1D
- 0.00%
- 1M
- 2.42%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
ZVOL
- 1D
- 0.39%
- 1M
- 1.95%
- 6M
- 3.42%
- YTD
- 4.64%
- 1Y
- 12.49%
- 3Y*
- 4.94%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $554.60K | $374.07K | $351.67K |
ZIVB vs. ZVOL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 36.51% |
ZVOL Volatility Premium Plus ETF | 6.82% |
Correlation
The correlation between ZIVB and ZVOL is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 28, 2026 | 0.07 |
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Return for Risk
ZIVB vs. ZVOL — Risk / Return Rank
ZIVB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ZVOL
ZIVB vs. ZVOL - 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 Volatility Premium Plus ETF (ZVOL). 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 | ZVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.13 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.76 | — |
| Martin ratioReturn relative to average drawdown | — | 2.45 | — |
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Drawdowns
ZIVB vs. ZVOL - Drawdown Comparison
The maximum ZIVB drawdown since its inception was 0.00%, smaller than the maximum ZVOL drawdown of -37.25%. Use the drawdown chart below to compare losses from any high point for ZIVB and ZVOL.
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Drawdown Indicators
| ZIVB | ZVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -37.25% | +37.25% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.46% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -37.25% | — |
Current DrawdownCurrent decline from peak | 0.00% | -16.65% | +16.65% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -13.61% | +13.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.15% | — |
Volatility
ZIVB vs. ZVOL - Volatility Comparison
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Volatility by Period
| ZIVB | ZVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.46% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.61% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 73.98% | 18.79% | +55.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.98% | 28.77% | +45.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.98% | 28.77% | +45.21% |
ZIVB vs. ZVOL - Expense Ratio Comparison
Both ZIVB and ZVOL have an expense ratio of 1.35%.
Dividends
ZIVB vs. ZVOL - Dividend Comparison
ZIVB's dividend yield for the trailing twelve months is around 4.73%, less than ZVOL's 81.15% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 4.73% | 0.00% | 0.00% | 0.00% |
ZVOL Volatility Premium Plus ETF | 81.15% | 53.44% | 30.68% | 0.55% |
Frequently Asked Questions
ZIVB and ZVOL have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ZIVB and ZVOL have the same expense ratio: 1.35% per year.
ZVOL has the higher dividend yield at 81.15%, compared with 4.73% for ZIVB.
ZIVB is categorized as Inverse Equities, while ZVOL is Volatility.
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