ZIVB ETF — Holdings & Analysis

With approximately $0.01 billion in assets under management and an expense ratio of 1.42%, ZIVB offers investors a way to potentially profit from periods of low or decreasing volatility. The fund achieves its objective by investing in VIX futures contracts and other financial instruments.

Volatility Shares Trust - -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB) ETF — Price, Holdings & Analysis

The Volatility Shares Trust - -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB) is an actively managed fund seeking to provide investment results that correlate inversely to the performance of the Chicago Board Options Exchange Volatility Index. With approximately $0.01 billion in assets under management and an expense ratio of 1.42%, ZIVB offers investors a way to potentially profit from periods of low or decreasing volatility. The fund achieves its objective by investing in VIX futures contracts and other financial instruments.

ETF Overview

The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing its assets in futures contracts based on the Chicago Board Options Exchange, Incorporated Volatility Index, that comprise the index and other “Financial Instruments”. The index is designed to measure the performance of the inverse of the underlying index. The fund is non-diversified.

ZIVB is designed for investors seeking to profit from declines in market volatility. The ETF aims to deliver the inverse of the daily performance of the underlying index, providing a potential hedge against volatility spikes or a means to express a bearish view on market uncertainty. As an actively managed fund, ZIVB's investment strategy involves investing in futures contracts based on the Chicago Board Options Exchange, Incorporated Volatility Index, that comprise the index and other “Financial Instruments”. The fund is non-diversified, meaning it concentrates its investments in a smaller number of holdings. Currently, the fund's sector allocation is entirely in Cash & Others, representing 100% of its portfolio. Country exposure is focused on Other, also at 100%. Investors should carefully consider the risks associated with inverse ETFs, including the potential for significant losses if volatility increases.

Risk Metrics

Investing in ZIVB carries substantial risks. The fund's inverse strategy means that it is likely to underperform during periods of rising volatility. The high expense ratio of 1.42% can significantly erode returns, especially in a low-volatility environment. The fund's concentration in Cash & Others (100%) and Other (100%) exposes it to specific risks related to those areas. As a non-diversified fund with only 5 holdings, ZIVB faces concentration risk, where the performance of a small number of assets can significantly impact the overall portfolio. The fund's beta is 0.00, indicating that it has very low correlation to the market. Past performance does not guarantee future results.

Expense Ratio

1.42%

How Is the Fund Allocated?

Sector	Weight
Cash & Others	100.0%

Country	Weight
Other	100.0%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is ZIVB and what does it track?

ZIVB, the Volatility Shares Trust - -1x Short VIX Mid-Term Futures Strategy ETF, is an actively managed fund designed to provide the inverse of the daily performance of the Chicago Board Options Exchange Volatility Index (VIX).

It seeks to achieve its investment objective by investing in VIX futures contracts and other financial instruments.

What is the expense ratio for ZIVB?

ZIVB has an expense ratio of 1.42%. This means that for every $10,000 invested, $142 is used to cover the fund's operating expenses annually.

This expense ratio is relatively high compared to many other equity ETFs, which often have expense ratios below 0.50%. Investors should consider the impact of this higher expense ratio on their overall returns, especially over longer investment horizons.

What are the top holdings in ZIVB?

As of 2026-03-15, ZIVB's portfolio is primarily allocated to Cash & Others, representing 100% of the fund's assets.

While specific futures contracts are not detailed, the fund's strategy involves investing in futures contracts based on the Chicago Board Options Exchange, Incorporated Volatility Index. The fund holds a limited number of positions, with a total of 5 holdings.

Is ZIVB a good long-term investment?

ZIVB is generally not considered a suitable long-term investment for most investors. Its inverse strategy and reliance on VIX futures contracts make it highly sensitive to short-term market volatility.

The fund's high expense ratio of 1.42% can also erode returns over time.

How does ZIVB compare to similar ETFs?

ZIVB competes with other volatility ETFs, both long and short, as well as exchange-traded notes (ETNs) that track the VIX. ZIVB's expense ratio of 1.42% is relatively high compared to some other volatility products.

With AUM of $0.01B, ZIVB is a smaller fund compared to some of its competitors.

Does ZIVB pay dividends?

According to the latest data, ZIVB does not pay dividends. Its dividend yield is 0.00%. This is typical for volatility-linked ETFs, as their investment strategy is focused on tracking or inverting volatility indices rather than generating income through dividends.

Investors seeking dividend income should consider other types of ETFs that focus on dividend-paying stocks or bonds.