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Launched · SEC filings

2x Long VIX Futures ETF

UVIXCboeDThis 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.

$32.84−0.07 (−0.21%)

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

D28/ 100

Rank 86 of 99 in Leveraged Long (2x & Other)

D28/100Rank 86 of 99inLeveraged Long (2x & Other)
Intraday session: down, 79 prints from 32.91 to 32.84. Range 32.37 to 33.19. Use the arrow keys to read each point.32.4032.6033.2010 AM12 PM2 PM4 PM
Expense ratio
2.19%
Fund size
$151M
1Y total return
−86.9%
Yield · Last 12 months
—
Holdings
3
Avg volume · 30D
2M sh
NAV per share
$34.03
52W range
low $32.91high $293.00
Launched
Filings
SEC EDGAR

The ETF.net UVIX Grade

Based on 4 of 6 pillars

D

Score 28 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
86 of 99
Six-pillar profile for UVIX. Scores out of 100: Cost 10, Risk 5, Mission not scored, Tradability 76, Holdings not scored, Durability 67. Strongest: Tradability (76). Weakest: Risk (5). Based on 4 of 6 pillars.

Score 28 of 100 falls in the D 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.
    F10 out of 100
    Rank 89 of 99

  • 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.
    F5 out of 100
    Rank 96 of 96

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A76 out of 100
    Rank 13 of 99

  • 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.
    B67 out of 100
    Rank 21 of 99

Our read on UVIX

ETF.net Research

DMost leveraged ETFs juice a stock index. UVIX goes after fear itself: twice the daily move of a VIX futures index, wrapped in a commodity pool. A short-horizon trading tool, by design.

Stated mandate

The fund seeks daily results, before fees and expenses, equal to twice the performance of the Long VIX Futures Index.

Why people hold it

  1. 01A rare pure play on volatility in a cohort dominated by leveraged equity funds: it targets 2x the daily move of the Long VIX Futures Index.
  2. 02The mandate leaves nothing to interpretation: a stated 2x daily multiple against one named index, spelled out in the prospectus. No manager discretion.
  3. 03For a tool you hold in hours or days, liquidity matters most. UVIX is actively traded, one of the stronger showings in its peer group for getting in and out.
  4. 04Running since 2022, so it has a multi-year operating history in a corner of the market where launches often do not stick around.

Worth knowing

  1. 01The fee is 2.19%, well above what most leveraged funds charge. That drag runs whether volatility spikes or naps.
  2. 02The 2x target resets daily. Over any longer stretch, compounding means results can diverge widely from twice the index move over that same stretch.
  3. 03It is a commodity pool tracking VIX futures, not the spot VIX and not a stock fund, and it has made no distributions in the past year.

UVIX Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
3
Top-10 weight
100%
Largest holding
CBOE VIX FUTURE Nov2651.2%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—CBOE VIX FUTURE Nov2651.25%12,470$220M3
002—Cash & Other33.33%142,811,847$143M672
003—CBOE VIX FUTURE Oct2615.42%3,938$66M6

Showing 1–3 of 3 holdings

UVIX 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.
UVIX$1,312
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. UVIX $1,312. SPY $12,044. Use the arrow keys to read each point.$452$6,686$12,919Oct 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 UVIX. Periods over one year show the average yearly return.
PeriodUVIX
Year to date−71.2%
1 month−16.0%
3 months−41.7%
1 year−86.9%
3 yearsper year−82.8%
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 UVIX
YearReturn barUVIX
2026 YTD−71.2%
2025−83.2%
2024−75.2%
2023−95.3%
2022−62.1%

History from Mar 30, 2022

UVIX in the news

Filtered to UVIX · Leveraged Long (2x & Other)

UVIX Dividends

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

No distributions in the last 12 months.

UVIX Risk

How much the fund’s monthly returns vary, scaled to a year.
72.3%
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.
−1.92
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.
−100.0%
54 months · trough Oct 2026
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.
−4.27
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.

UVIX Cost

Expense ratio2.19%
  • The middle half of Leveraged Long (2x & Other) funds
  • Median 1.00%

85 of the 95 Leveraged Long (2x & Other) funds charge less.

UVIX costs $219.00 a year on $10,000. The median Leveraged Long (2x & Other) fund costs $100.00.

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