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ZVOLVolatility Premium Plus ETF

Take a betRanked #727 of 775 in this goal

Seeks to provide total return.

Annual Cost

#5,562 of 5,562 · expensive

Fund Size

#5,562 of 5,562 · small

Return (1Y)Goal

+12.1%

Track Record

#5,562 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$11,372+13.7%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

What it actually holds

By weight

Concentration

Top 5 holdings = 80.7% of fundconcentrated

US Bank Money Market Deposit Account
79.6%
N/AUXK6
0.4%
N/AUXM6
0.3%
N/AUXH6
0.3%
N/AUXJ6
0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
18.7%Moderate

Year-on-year price swings

Max drawdown
-37.2%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.29Below average
Sortino (3Y)
0.39Moderate downside risk

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide total return.
Strategy
Actively managed fund investing primarily in short positions on VIX Futures Contracts and other financial instruments. Aims to benefit from volatility premiums by rolling short positions in VIX Futures, distributing any gains as monthly dividends.

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-20