ZVOL ETF — Volatility Premium Plus ETF
Volatility Premium Plus ETF (ZVOL)
ZVOL is an ETF. As of August 19, 2026, its distribution rate is 73.95%, its trailing-12-month yield is 73.95%, its expense ratio is 1.45%. Fund total return is 56.8% over the past 3.3 years, 36.3 points behind SPY at 93.1%.
At the current 73.95% distribution rate, a $10,000 investment would generate approximately $7,395 per year, or $616.25 per month on an equivalent basis.
Volatility Premium Plus ETF is the continuing fund following the rename from ZIVB (Volatility Shares Trust -1x Short VIX Mid-Term Futures Strategy ETF), effective 2024-11-22. See ZIVB for the fund's history prior to the rename.
ZVOL dividend yield and income
Data as of August 19, 2026.
The distribution rate (73.95%) is the latest posted forward yield, paid monthly. Trailing-12-month yield (73.95%) is the last year of payments divided by the current price. The 30-day SEC yield is 0.92%. The last dividend was $0.4850. The last ex-dividend date was 08/19/2026. It was paid on 08/20/2026. At 73.95%, $10,000 would generate about $7,395 a year ($616.25 monthly-equivalent).
| Ex-date | Amount | vs year-ago payment |
|---|---|---|
| 2026-07-22 | $0.485 | 0.0% |
| 2026-06-17 | $0.485 | 0.0% |
| 2026-05-20 | $0.485 | 0.0% |
| 2026-04-22 | $0.485 | 0.0% |
| 2026-03-18 | $0.485 | 0.0% |
| 2026-02-18 | $0.485 | 0.0% |
| 2026-01-21 | $0.485 | 0.0% |
| 2025-12-15 | $0.485 | 0.0% |
| 2025-11-25 | $0.485 | 0.0% |
| 2025-10-29 | $0.485 | 0.0% |
| 2025-09-26 | $0.485 | 0.0% |
| 2025-08-27 | $0.485 | 0.0% |
| 2025-07-29 | $0.485 | 0.0% |
| 2025-06-26 | $0.485 | 0.0% |
| 2025-05-28 | $0.485 | 0.0% |
| 2025-04-28 | $0.485 | 0.0% |
| 2025-03-27 | $0.485 | 0.0% |
| 2025-02-26 | $0.485 | 0.0% |
| 2025-01-29 | $0.485 | 0.0% |
| 2024-12-16 | $0.485 | 294.3% |
| 2024-11-26 | $0.485 | — |
| 2024-10-29 | $0.485 | — |
| 2024-09-26 | $0.485 | — |
| 2024-08-28 | $0.485 | — |
| 2024-07-24 | $0.485 | — |
| 2024-06-25 | $0.485 | — |
| 2024-05-22 | $0.485 | — |
| 2024-04-25 | $0.485 | — |
| 2024-03-26 | $0.485 | — |
| 2024-02-26 | $0.485 | — |
| 2024-01-26 | $0.485 | — |
| 2023-12-26 | $0.123 | — |
| 2023 total | $0.123 | — |
| 2024 total | $5.82 | 4631.7% |
| 2025 total | $5.82 | 0.0% |
| 2026 YTD total | $3.395 | 0.0% |
ZVOL dividend growth
Trailing-12-month distributions versus the preceding 12 months changed 3.57%. That is the seasonality-immune income comparison, not a single quarterly check versus the prior quarter. An annualized trend fit on recent payments is 9.64%. That fit can move with uneven quarterly amounts and is not the same as a trailing-12-month cut.
| Window | Change |
|---|---|
| 1Y | 8.3% |
ZVOL performance versus SPY
Data as of August 19, 2026.
Fund total return is 56.8% over the past 3.3 years, 36.3 points behind SPY at 93.1%. Its deepest 1-year drawdown was 16.5%.
| Window | Total return | CAGR |
|---|---|---|
| Since inception (3.3 years) | 56.8% | 14.50% |
| 3Y CAGR | — | 7.80% |
ZVOL key facts
Data as of August 19, 2026.
- Issuer
- Volatility Shares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 04/19/2023
- Expense ratio
- 1.45%
- Distribution rate
- 73.95%
- Distribution frequency
- Monthly
- Trailing yield
- 73.95%
- 30-day SEC yield
- 0.92%
- Last close
- $7.87
- AUM
- $14,810,859
- Average volume
- 112529.0
- Last dividend
- $0.4850
- Ex-dividend date
- 08/19/2026
- Payment date
- 08/20/2026
- Beta
- 1.1413
How Dividend Vision calculates yield and returns
Distribution rate (73.95%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (73.95%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. The 30-day SEC yield (0.92%) is the SEC standardized figure when we have it. An issuer may publish a different SEC or TTM yield using another as-of date or share-class convention. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.
Distribution rate methodology · Distribution Safety Score methodology · SEC yield
Sources and review
Data as of August 19, 2026.
Primary sources: Volatility Shares fund page; Prospectus; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
ZVOL risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 16.5%.
Who may consider ZVOL — and who may not
It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
Frequently asked questions
Does ZVOL pay monthly?
Yes. ZVOL currently pays monthly.
What is ZVOL's expense ratio?
ZVOL's expense ratio is 1.45%.
What is ZVOL's dividend yield?
ZVOL currently yields 73.95%, paid monthly, with a 1.45% expense ratio.
How has ZVOL's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed 3.57%. That is not a single quarter versus the prior quarter.
When does ZVOL pay a dividend?
ZVOL pays monthly. The last dividend was $0.4850. The last ex-dividend date was 08/19/2026. It was paid on 08/20/2026.
How has ZVOL performed?
Fund total return is 56.8% over the past 3.3 years, 36.3 points behind SPY at 93.1%. Its deepest 1-year drawdown was 16.5%.
Is ZVOL a good investment?
It currently yields 73.95%. Compare peers below rather than treating any single figure as a buy or sell.
More funds from Volatility Shares.
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