Volatility Shares Volatility Premium Plus ETF
BThis fund tracks market volatility itself rather than stocks or bonds. It is built as a short-term trading instrument, not a buy-and-hold investment.
$6.92−0.09 (−1.35%)
- 1.42%
- $21M
- +23.4%
- 82.91%
- 76.1K sh
- low $6.67high $11.26
The ETF.net ZVOL Grade
B
Score 55 out of 100
- 13 of 54
Score 55 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C50 out of 100Rank 1 of 54Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A84 out of 100Rank 4 of 54Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D38 out of 100Rank 35 of 54Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C48 out of 100Rank 27 of 54
Our read on ZVOL
In short
BShort volatility, but further out the curve. ZVOL takes daily inverse exposure to mid-term VIX futures instead of the front month, aiming to monetize the roll premium in those contracts, and it pays out monthly.
Stated mandate
The Fund seeks daily results, before fees and expenses, corresponding to the S&P 500 VIX Mid-Term Futures Inverse Daily Index.
Why people hold it
Worth knowing
ZVOL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
ZVOL$12,335
Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ZVOL |
|---|---|
| Year to date | +14.3% |
| 1 month | −3.8% |
| 3 months | +7.7% |
| 1 year | +23.4% |
| 3 years | +7.4% |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ZVOL |
|---|---|---|
| 2026 YTD | +14.3% | |
| 2025 | −10.7% | |
| 2024 | +9.4% | |
| 2023 | +51.6% |
ZVOL in the news
ZVOL Dividends
- 82.91%
- $5.82
- $0.49 per share
- Monthly
ZVOL Risk
- 21.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.37
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −37.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.19
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
ZVOL Cost
Overpaying vs QQQD, cheapest in Leveraged Inverse (2x & Other)
$15,158
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
ZVOL 1.42%
$25,137
QQQD 0.50% Cheapest
$9,979
Cost over time
Year by year
| Year | ZVOL | QQQD | Overpaying |
|---|---|---|---|
| 10 | $2,460 | $900 | $1,560 |
| 20 | $9,074 | $3,460 | $5,614 |
| 30 | $25,137 | $9,979 | $15,158 |
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