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Launched · SEC filings

-1x Short VIX Futures ETF

SVIXCboeCThis 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.

$30.11+0.04 (+0.13%)

At close: Oct 13, 2026, 4:00 PM

C53/ 100

Rank 25 of 54 in Leveraged Inverse (2x & Other)

C53/100Rank 25 of 54inLeveraged Inverse (2x & Other)
Intraday session: up, 79 prints from 30.07 to 30.11. Range 30.00 to 30.36. Use the arrow keys to read each point.30.0030.2030.3010 AM12 PM2 PM4 PM
Expense ratio
1.47%
Fund size
$147M
1Y total return
+62.1%
Yield · Last 12 months
—
Holdings
2
Avg volume · 30D
2.2M sh
NAV per share
$29.65
52W range
low $14.13high $30.11
Launched
Filings
SEC EDGAR

The ETF.net SVIX Grade

Based on 4 of 6 pillars

C

Score 53 out of 100

Category
Leveraged Inverse (2x & Other)⁠
Rank
25 of 54
Six-pillar profile for SVIX. Scores out of 100: Cost 47, Risk 52, Mission not scored, Tradability 69, Holdings not scored, Durability 54. Strongest: Tradability (69). Weakest: Cost (47). Based on 4 of 6 pillars.

Score 53 of 100 falls in the C 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.
    C47 out of 100
    Rank 29 of 54

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C52 out of 100
    Rank 23 of 53

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B69 out of 100
    Rank 12 of 54

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C54 out of 100
    Rank 19 of 54

Our read on SVIX

ETF.net Research

CThe undiluted short-volatility trade. SVIX aims for the full inverse of a VIX futures index for one day at a time, the dose the market's older short-vol ETF gave up when it halved its target back in 2018.

Stated mandate

SVIX seeks daily investment results corresponding to the Short VIX Futures Index for one day only. Its exposure is obtained through VIX futures and related instruments, with daily inverse performance and compounding effects.

Why people hold it

  1. 01Full-strength short vol: SVIX targets -1x the daily move of the Short VIX Futures Index, while the long-running alternative (SVXY) has targeted only -0.5x since 2018.proshares.com
  2. 02No futures account needed. The VIX futures exposure sits inside a commodity pool that trades in an ordinary brokerage account, and the fund is actively traded.
  3. 03Rules, not a trader's hunch: exposure tracks a named benchmark, the Short VIX Futures Index, and resets every day.

Worth knowing

  1. 01At 1.47% a year, the fee sits above the typical leveraged and inverse fund in its group. Part of the price of the full -1x wrapper.
  2. 02Built for one day only. Daily resets compound, so a stretch of days can land far from -1x the index over that same stretch.
  3. 03Short vol leans on calm markets and takes the pain when VIX futures spike. In 2018, one such spike led ProShares to cut its short-vol ETF's target exposure in half.sec.govproshares.com

SVIX Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
2
Top-10 weight
3078139%
Largest holding
CBOE VIX FUTURE Nov262366165.2%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—CBOE VIX FUTURE Nov262366165.25%-6,400$-113M3
002—CBOE VIX FUTURE Oct26711973.80%-2,021$-34M6

Showing 1–2 of 2 holdings

SVIX Performance

Launched Mar 28, 2022

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.
SVIX$16,210
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. SVIX $16,210. SPY $12,044. Use the arrow keys to read each point.$7,011$11,951$16,892Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

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.

Trailing total return for SVIX. Periods over one year show the average yearly return.
PeriodSVIX
Year to date+24.1%
1 month+6.9%
3 months+20.9%
1 year+62.1%
3 yearsper year+2.0%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SVIX
YearReturn barSVIX
2026 YTD+24.1%
2025−4.5%
2024−32.8%
2023+157.4%
2022−0.9%

History from Mar 30, 2022

SVIX in the news

Filtered to SVIX · Leveraged Inverse (2x & Other)

SVIX Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

SVIX Risk

How much the fund’s monthly returns vary, scaled to a year.
55.1%
Annualised · 36 months to Sep 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.22
vs 3-month T-bills · to Sep 2026
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.

The largest fall from a peak to the low that followed.
−79.3%
54 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
2.95
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

SVIX Cost

Expense ratio1.47%
  • The middle half of Leveraged Inverse (2x & Other) funds
  • Median 1.44%

27 of the 53 Leveraged Inverse (2x & Other) funds charge less.

SVIX costs $147.00 a year on $10,000. The median Leveraged Inverse (2x & Other) fund costs $144.00.

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