ZVOL vs. WEIX

Last updated Jun 24, 2026

ZVOL (Volatility Premium Plus ETF) and WEIX (Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF) are both Volatility funds. ZVOL is passively managed, while WEIX is actively managed. ZVOL charges 1.35%/yr vs 0.50%/yr for WEIX.

Performance

ZVOL vs. WEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Volatility Premium Plus ETF (ZVOL) and Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF (WEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ZVOL

• 1D: -0.37%
• 1M: 4.65%
• YTD: 1.12%
• 6M: -0.71%
• 1Y: 14.77%
• 3Y*: 8.01%
• 5Y*: —
• 10Y*: —

WEIX

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZVOL vs. WEIX - Yearly Performance Comparison

	2026 (YTD)
ZVOL Volatility Premium Plus ETF	3.34%
WEIX Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF	0.00%

Return for Risk

ZVOL vs. WEIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZVOL

ZVOL Risk / Return Rank: 23
ZVOL Sharpe Ratio Rank: 24
ZVOL Sortino Ratio Rank: 24
ZVOL Omega Ratio Rank: 23
ZVOL Calmar Ratio Rank: 21
ZVOL Martin Ratio Rank: 23

WEIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZVOL vs. WEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Premium Plus ETF (ZVOL) and Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF (WEIX). 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.

	ZVOL	WEIX	Difference
Sharpe ratio: Return per unit of total volatility	0.79	—	—
Sortino ratio: Return per unit of downside risk	1.29	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	0.90	—	—
Martin ratio: Return relative to average drawdown	2.87	—	—

Drawdowns

ZVOL vs. WEIX - Drawdown Comparison

The maximum ZVOL drawdown since its inception was -37.25%, which is greater than WEIX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for ZVOL and WEIX.

Drawdown Indicators

	ZVOL	WEIX	Difference
Max Drawdown Largest peak-to-trough decline	-37.25%	0.00%	-37.25%
Max Drawdown (1Y) Largest decline over 1 year	-16.46%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-37.25%	—	—
Current Drawdown Current decline from peak	-19.46%	0.00%	-19.46%
Average Drawdown Average peak-to-trough decline	-13.53%	0.00%	-13.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.15%	—	—

Volatility

Volatility by Period

	ZVOL	WEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.66%	0.00%	+18.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.08%	0.00%	+29.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.08%	0.00%	+29.08%

ZVOL vs. WEIX - Expense Ratio Comparison

ZVOL has a 1.35% expense ratio, which is higher than WEIX's 0.50% expense ratio.

Dividends

ZVOL vs. WEIX - Dividend Comparison

ZVOL's dividend yield for the trailing twelve months is around 79.01%, while WEIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
WEIX Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF	0.00%	0.00%	0.00%	0.00%
ZVOL Volatility Premium Plus ETF	79.01%	53.44%	30.68%	0.55%

Frequently Asked Questions

Which ETF is better, ZVOL or WEIX?

On fees, WEIX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZVOL or WEIX?

WEIX is cheaper with a 0.50% expense ratio, compared with 1.35% for ZVOL.

Which ETF pays a higher dividend yield, ZVOL or WEIX?

ZVOL has the higher dividend yield at 79.01%, compared with 0.00% for WEIX.

What is the main difference between ZVOL and WEIX?

They also come from different issuers: Volatility Shares and Dynamic Shares Trust. Their fees differ too: 1.35% for ZVOL and 0.50% for WEIX.