Skip to content
etf.net

Launched · SEC filings

ProShares Short VIX Short-Term Futures ETF

SVXYCboeProSharesBThis 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.

$60.52−0.03 (−0.05%)

At close: Nov 2, 2026, 4:00 PM ET

B65/ 100

Rank 1 of 54 in Leveraged Inverse (2x & Other)

B65/100Rank 1 of 54inLeveraged Inverse (2x & Other)
Intraday session: down, 79 prints from 60.55 to 60.52. Range 60.42 to 62.40. Use the arrow keys to read each point.61.0061.5062.0062.5010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$201M
1Y total return
+21.9%
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
1.49M sh
52W range
low $43.29high $65.78
Launched
Filings
SEC EDGAR

The ETF.net SVXY Grade

Based on 4 of 6 pillars

B

Score 65 out of 100

Category
Leveraged Inverse (2x & Other)⁠
Rank
1 of 54
Six-pillar profile for SVXY. Scores out of 100: Cost 50, Risk 75, Mission not scored, Tradability 84, Holdings not scored, Durability 76. Strongest: Tradability (84). Weakest: Cost (50). Based on 4 of 6 pillars.

Score 65 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 100
    Rank 1 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.
    A75 out of 100
    Rank 6 of 53

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A84 out of 100
    Rank 6 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.
    A76 out of 100
    Rank 1 of 54

Our read on SVXY

ETF.net Research

In short

BShort volatility, half dose. SVXY targets one-half the inverse of a VIX short-term futures index each day, a deliberately de-tuned take on the short-vol trade, and it has run that mandate since 2011.

Stated mandate

SVXY seeks daily results equal to one-half the inverse of the S&P 500 VIX Short-Term Futures Index. Its objective is measured daily, so returns over longer periods can differ from the stated daily target.

Why people hold it

  • The half-strength design is the whole idea: a -0.5x daily target rather than full inverse, so a jump in VIX futures lands with half the force of a one-for-one short.proshares.com
  • 0.95% a year sits below the typical leveraged and inverse fund, and among that crowd this is one of the stronger implementations in its peer group.
  • Launched in 2011 and actively traded, so it has a long operating history and a working market for getting in and out.

Worth knowing

  • The objective resets daily. Hold longer and compounding takes over, so results over weeks or months can look nothing like half the inverse of the index.proshares.com
  • It is a commodity pool holding VIX futures, not a basket of stocks. Reporting and tax treatment follow different rules than a standard equity ETF.proshares.com
  • Pure price vehicle with no distribution stream, and volatility spikes arrive fast, which is exactly what a short-vol position is on the wrong side of.

SVXY Performance

Launched Oct 3, 2011

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

SVXY$12,188
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. SVXY $12,188. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 SVXY. Periods over one year show the average yearly return.
PeriodSVXY
Year to date+9.3%
1 month−5.1%
3 months+4.3%
1 year+21.9%
3 yearsper year+12.9%
5 yearsper year+14.5%
10 yearsper year−1.7%

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 SVXY
YearReturn barSVXY
2026 YTD+9.3%
2025+10.6%
2024−3.2%
2023+76.2%
2022−4.7%
2021+48.6%
2020−36.5%

SVXY in the news

SVXY Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

SVXY Risk

Risk pillarA75 out of 100Rank 6 of 53 in Leveraged Inverse (2x & Other)
How much the fund’s monthly returns vary, scaled to a year.
26.5%
Annualised · 36 months to Oct 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.
0.42
vs 3-month T-bills · to Oct 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.
−46.4%
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.
1.32
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.

FMP measures it over up to five years of monthly returns.

SVXY Cost

Compare SVXY and QQQD

Overpaying vs QQQD, cheapest in Leveraged Inverse (2x & Other)

$7,890

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SVXY 0.95%

    $17,869

  • QQQD 0.50% Cheapest

    $9,979

$10,000
30 years

Cost over time

  • SVXY 0.95%
  • QQQD 0.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SVXY $17,869QQQD $9,979

Year by year

YearSVXYQQQDOverpaying
10$1,678$900$778
20$6,322$3,460$2,862
30$17,869$9,979$7,890

Other funds in Leveraged Inverse (2x & Other)

See others