ProShares - Short VIX Short-Term Futures ETF
AThis 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.
$65.45+0.02 (+0.03%)
- 0.95%
- $260M
- +37.3%
- 1.3M sh
- $65.47
- low $43.29high $65.46
The ETF.net SVXY Grade
A
Score 83 out of 100
- 1 of 54
Score 83 of 100 falls in the A 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.A88 out of 100Rank 4 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.A76 out of 100Rank 8 of 53Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A83 out of 100Rank 6 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.A77 out of 100Rank 1 of 54
Our read on SVXY
AShort 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.
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 Holdings
- Other
- 1
- 100%
- Net Other Assets (Liabilities)
SVXY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SVXY$13,726
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 | SVXY |
|---|---|
| Year to date | +18.1% |
| 1 month | +4.1% |
| 3 months | +11.8% |
| 1 year | +37.3% |
| 3 years | +14.4% |
| 5 years | +17.8% |
| 10 years | −1.0% |
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 | SVXY |
|---|---|---|
| 2026 YTD | +18.1% | |
| 2025 | +10.6% | |
| 2024 | −3.2% | |
| 2023 | +76.2% | |
| 2022 | −4.7% | |
| 2021 | +48.6% | |
| 2020 | −36.5% |
SVXY in the news
SVXY Dividends
No distributions in the last 12 months.
SVXY Risk
- 26.3%
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.
- 0.45
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.
- −46.4%
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.
- 1.32
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SVXY Cost
0.95%
SVXY0.95%
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
3 of the 53 Leveraged Inverse (2x & Other) funds charge less.
Other funds in Leveraged Inverse (2x & Other)
- AEUOProShares - UltraShort EuroExpense ratio 0.95%1 year return +13.7%
- AYCSProShares - UltraShort YenExpense ratio 0.95%1 year return +17.1%
- ADOGProShares Short Dow30Expense ratio 0.99%1 year return −9.0%
- APSQProShares - Short QQQExpense ratio 1.00%1 year return −19.1%
- ARWMProShares - Short Russell2000Expense ratio 1.04%1 year return −12.9%