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ZVOL ETF · Volatility Shares -1x Short VIX Mid-Term Futures Strategy ETF
The ZVOL Exchange Traded Fund (ETF) is provided by Volatility Shares. It is built to track an index: S&P 500 VIX Mid Term Futures Inverse Index. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
LIVE
CLOSED
This fund is part ofOther Inverse Products1M perf.-7.66%
Last price
$8.43
1M perf.
-9.01%
1M flows
+€843K
AuM
€10M
E/R
1.45%
Rating
Not rated
ESG Consensus®
ZVOL
$8.43
Performance & flows
December 18, 2025 → March 18, 2026
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ZVOL
$8.40
-9.27%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -9.01% | -9.27% | -12.33% | N/A | N/A | -7.52% | -10.33% | -10.33% | |
| Flows |
Key fund info
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
Issuer
CUSIP
92864M202
ISIN
US92864M2026
AuM
€10M
E/R
1.45%
Replication rating
Not rated
ESG Consensus®
More details
NAV
3/18/2026
$8.40
1D NAV change
-3.18%
Dividend policy
Replication method
Other
Replication model
Futures
No. of holdings
N/A
Inception date
4/19/2023
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Investment Company
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Benchmark
S&P 500 VIX Mid Term Futures Inverse Index
Asset class
Factors
N/A
Investment strategy
The -1x Short VIX Mid-Term Futures ETF (Ticker: ZIVB) aims to provide daily investment results that correspond to the daily performance of the S&P 500 VIX Mid-Term Futures Inverse Daily Index (before fees and expenses). It may be used to express a medium-term view on declining implied equity volatility. The S&P 500® VIX® Mid-Term Futures Inverse Daily Index is designed to measure the performance of the inverse of the S&P 500 VIX Mid-Term Futures Index, which measures the return of a daily rolling long position in the fourth, fifth, sixth and seventh month VIX futures contracts.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -9.27% | -12.33% | N/A | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Integrates ESG criteria
No
SDG
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Enterprise
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Trackinsight replication rating:
Not rated
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
S&P 500 VIX Mid Term Futures Inverse Daily Total Return Index - USD
Index ticker
SPVXMPIT Index
Index dividend policy
GTR
Replication method
Replication model
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Enterprise
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Volatility Shares
Volatility Shares ID Card
Number of funds
11
Total AuM
€2.79B
Expense ratio range
0.75% - 4.13%
Average expense ratio
2.0055%
Top 5 funds by Volatility Shares
| AuM | ||
|---|---|---|
BITX | Volatility Shares 2x Bitcoin Strategy ETF | €879M |
ETHU | Volatility Shares 2x Ether ETF - USD | €847M |
UVIX | Volatility Shares 2x Long VIX Futures ETF | €423M |
SVIX | Volatility Shares -1x Short VIX Futures ETF | €232M |
SOLT | 2x Solana ETF - USD | €134M |
Frequently asked questions about ZVOL
What does Volatility Shares -1x Short VIX Mid-Term Futures Strategy ETF, ZVOL, invest in?
ZVOL is a Passive ETF. This ETF provides inverse exposure (-1x) to US Volatility.
Which benchmark or index does ZVOL replicate?
ZVOL tracks the S&P 500 VIX Mid Term Futures Inverse Daily Total Return Index - USD, through a replication method.
What is the Total Expense ratio (TER) of ZVOL?
ZVOL carries a total expense ratio (TER) of 1.45%, indicating the annual cost for holding the fund.
When was ZVOL launched?
ZVOL was introduced to the market on April 19, 2023. It trades on United States
Who is the ETF issuer of ZVOL?
Volatility Shares -1x Short VIX Mid-Term Futures Strategy ETF, ZVOL, is provided by Volatility Shares. Learn more about Volatility Shares here.
What is the current assets under management (AUM) of ZVOL?
ZVOL oversees €10M in assets as of March 18, 2026.
How has ZVOL performed lately?
Based on data from March 18, 2026, ZVOL returned -9.01% over the past month, -9.27% over the last three months and -10.33% year-to-date.
What are the latest inflows or outflows for ZVOL?
As of March 18, 2026, ZVOL recorded net flows of +€857K over the last month and +€1.5M year-to-date.
Does ZVOL distribute dividends?
ZVOL follows a distributing dividend policy, meaning it pays out income to investors. As of March 18, 2026, its 12-month trailing yield was 75.07%.
What is the base currency of ZVOL?
The base currency of ZVOL is USD.
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