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Launched · SEC filings

2x Long VIX Futures ETF

UVIXCboeVolatility SharesFThis 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.

$42.48+0.32 (+0.76%)

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

F23/ 100

Rank 92 of 99 in Leveraged Long (2x & Other)

F23/100Rank 92 of 99inLeveraged Long (2x & Other)
Intraday session: up, 79 prints from 42.16 to 42.48. Range 37.20 to 42.77. Use the arrow keys to read each point.37.0038.0039.0040.0041.0010 AM12 PM2 PM4 PM
Expense ratio
2.19%
Fund size
$215M
1Y total return
−78.5%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
2.14M sh
52W range
low $32.32high $273.80
Launched
Filings
SEC EDGAR

The ETF.net UVIX Grade

Based on 4 of 6 pillars

F

Score 23 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
92 of 99
Six-pillar profile for UVIX. Scores out of 100: Cost 1, Risk 6, Mission not scored, Tradability 72, Holdings not scored, Durability 69. Strongest: Tradability (72). Weakest: Cost (1). Based on 4 of 6 pillars.

Score 23 of 100 falls in the F 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.
    F1 out of 100
    Rank 98 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.
    F6 out of 100
    Rank 98 of 98

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A72 out of 100
    Rank 15 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.
    B69 out of 100
    Rank 19 of 99

Our read on UVIX

ETF.net Research

In short

FMost 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

  • A 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.
  • The mandate leaves nothing to interpretation: a stated 2x daily multiple against one named index, spelled out in the prospectus. No manager discretion.
  • For 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.
  • Running 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

  • The fee is 2.19%, well above what most leveraged funds charge. That drag runs whether volatility spikes or naps.
  • The 2x target resets daily. Over any longer stretch, compounding means results can diverge widely from twice the index move over that same stretch.
  • It 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 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$2,145
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. UVIX $2,145. SPY $11,146. Use the arrow keys to read each point.$2,500$5,000$7,500$10,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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−62.8%
1 month+18.0%
3 months−23.8%
1 year−78.5%
3 yearsper year−80.3%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−62.8%
2025−83.2%
2024−75.2%
2023−95.3%
2022−62.1%

History from Mar 30, 2022

UVIX in the news

UVIX Dividends

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

No distributions in the last 12 months.

UVIX Risk

Risk pillarF6 out of 100Rank 98 of 98 in Leveraged Long (2x & Other)
How much the fund’s monthly returns vary, scaled to a year.
73.7%
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.
−1.79
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.
−100.0%
55 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.

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

UVIX Cost

Compare UVIX and WX

Overpaying vs WX, cheapest in Leveraged Long (2x & Other)

$31,034

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

  • UVIX 2.19%

    $35,189

  • WX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • UVIX 2.19%
  • WX 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530UVIX $35,189WX $4,155

Year by year

YearUVIXWXOverpaying
10$3,675$365$3,310
20$13,108$1,421$11,687
30$35,189$4,155$31,034

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