ProShares - Short VIX Short-Term Futures ETF
$64.02−0.45 (−0.70%)
- Expense ratio
- 0.95%
- Fund size
- $259M
- 1Y return
- +27.7%
- Yield · Last 12 months
- —
- Holdings
- 3
- Volume · 30D
- 1.4M sh
- NAV per share
- $63.59
- 52W range
The ETF.net SVXY Grade
Score 81 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 88Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 75Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 78Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 77Category rank
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
- 3
- 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.
Returns run to the Sep 22, 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 | +16.4% |
| 1 month | +4.7% |
| 3 months | +14.1% |
| 1 year | +27.7% |
| 3 years | +13.8% |
| 5 years | +18.3% |
| 10 years | −1.5% |
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 | +16.4% | |
| 2025 | +10.6% | |
| 2024 | −3.2% | |
| 2023 | +76.2% | |
| 2022 | −4.7% | |
| 2021 | +48.6% | |
| 2020 | −36.5% |
SVXY in the news
ETF.net Research hasn’t filed on SVXY yet — coverage lands here as it’s written.
SVXY Dividends
No distributions in the last 12 months.
SVXY Risk
- 26.6%
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.
- 0.38
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
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
3 of the 53 Leveraged Inverse (2x & Other) funds charge less.