Volatility Shares Trust - 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.
$7.86+0.02 (+0.26%)
- 1.42%
- $20M
- +29.1%
- 74.23%
- 0.1M sh
- $7.77
- low $7.41high $12.05
The ETF.net ZVOL Grade
B
Score 56 out of 100
- 21 of 54
Score 56 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.C51 out of 100Rank 27 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.A86 out of 100Rank 3 of 53Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C40 out of 100Rank 33 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 31 of 54
Our read on ZVOL
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.
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
- Most short-vol trades crowd the front month. ZVOL works the mid-term end of the VIX curve, the fourth through seventh contracts, which move less violently than the nearest ones.sec.gov
- Income is the point, not a byproduct: continuously rolling short VIX futures is expected to produce a volatility premium or roll yield, which the fund declares as a monthly dividend.sec.govvolatilityshares.com
- A registered 1940 Act fund, with futures exposure held through a wholly owned Cayman subsidiary rather than a bare commodity pool.sec.gov
- Sits in the upper half of the inverse and leveraged funds we grade, with a risk profile calmer than most of that crowd, thanks to the mid-term contracts and single inverse exposure.
Worth knowing
- The mandate resets daily. Hold past one day and returns compound, so results can drift well away from the inverse of the index, and a volatility spike cuts against the position.volatilityshares.com
- Fees run above the neighborhood: 1.42% versus a 1.21% median for bear and leveraged funds. SVXY does short-vol at 0.95%, though from the short-term end of the curve.
- It is a small, thinly traded fund, so limit orders earn their keep. The issuer also expects part or all of each distribution to be return of capital rather than new profit.volatilityshares.com
ZVOL Holdings
- Other
- 1
- 267732%
- Cash & Other
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$12,913
Returns run to the Oct 12, 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 | +19.6% |
| 1 month | +4.5% |
| 3 months | +12.9% |
| 1 year | +29.1% |
| 3 years | +10.2% |
| 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 | +19.6% | |
| 2025 | −10.7% | |
| 2024 | +9.4% | |
| 2023 | +51.6% |
ZVOL in the news
ZVOL Dividends
- 74.23%
- $5.82
- $0.49 per share
- Monthly
Distribution history
ZVOL Risk
- 22.2%
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.
- 0.32
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.
- 1.17
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ZVOL Cost
1.42%
ZVOL1.42%
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
25 of the 53 Leveraged Inverse (2x & Other) funds charge less.
Other funds in Leveraged Inverse (2x & Other)
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- BREKProShares - Short Real EstateExpense ratio 1.52%1 year return −1.9%
- BQQQDDirexion Daily Magnificent 7 Bear 1X ETFExpense ratio 1.08%1 year return −14.9%
- CSEFProShares - Short FinancialsExpense ratio 1.58%1 year return −2.5%
- CTWMProShares - UltraShort Russell2000Expense ratio 1.15%1 year return −28.4%