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REW vs SVXY

ProShares UltraShort Technology

REWCNYSE Arca

ProShares Short VIX Short-Term Futures ETF

SVXYBCboe

Overlap

100%by weight

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

REW0.95%SVXY0.95%

Avg volume · 30D

SVXY 36.0×the volume

REW41.3KSVXY1.49M

10Y return · a year

SVXY +41.9pt

REW−43.1%SVXY−1.2%

REW vs SVXY Performance

Nov 2, 2021 – Nov 2, 2026

−87.0%REW+92.6%SVXY

Nov 2, 2021 to Nov 2, 2026. REW −87.0%. SVXY +92.6%. Use the arrow keys to read each point.−50%0%50%Nov 2021May 2024Nov 2026
Expense ratio
REW 0.95%
SVXY 0.95%
Fund size
REW $4M
SVXY $201M
1Y total return
REW −35.1%
SVXY +21.8%, better
Yield (12M)
REW 5.98%
SVXY No data
Holdings
REW 1
SVXY 1
Avg volume (30D)
REW 41.3K sh
SVXY 1.49M sh, better
NAV per share
REW $12.13
SVXY $60.51
52W range

ETF.net Grade

REW: Cost 50, Risk 22, Mission not scored, Tradability 58, Holdings not scored, Durability 49. SVXY: Cost 50, Risk 75, Mission not scored, Tradability 84, Holdings not scored, Durability 76.
Pillar letters and Scores for REW, SVXY, with each pillar’s weight
PillarREWSVXY
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightF22A75Higher
Tradability15% weightB58A84Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC49A76Higher

Rank among Leveraged Inverse (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. REW and SVXY are both graded against the same 53 Leveraged Inverse (2x & Other) funds, so their Grades compare head to head.

Leveraged Inverse (2x & Other)⁠

Category · 53 funds
See all 53 ›

SVXY ranks 1st and REW 32nd of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BPSQProShares Short QQQScore 65
  3. Rank 1BSVXYProShares Short VIX Short-Term Futures ETFScore 65
  4. Rank 4BRWMProShares Short Russell2000Score 63
  5. Rank 32CQQDNProShares UltraShort QQQ MegaScore 40
  6. Rank 32CREWProShares UltraShort TechnologyScore 40
  7. Rank 32CRXDProShares UltraShort Health CareScore 40

Our read on each fund

ETF.net Research

REWCProShares UltraShort Technology

SVXYBProShares Short VIX Short-Term Futures ETF

In short

REW The only -2x way to lean against US tech. REW targets twice the inverse of the S&P Technology Select Sector Index, reset every single day, at 0.95% net of a waiver through September 30, 2027.

SVXY Short 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

REW The Fund seeks daily investment results corresponding to -2x the daily performance of the S&P Technology Select Sector Index.

SVXY 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

  • REW ProShares bills it as the only -2x ETF built to rise when the tech sector falls on the day: a middle gear between single-short and triple-short products.proshares.com
  • 0.95% net of a waiver through September 30, 2027, matching stablemates PSQ and DOG (each 0.95% net of waivers through that same date) and sitting near the category median.
  • Listed in 2007, which makes it one of the longer-running geared tech funds on the tape.
  • The reference is the S&P Technology Select Sector Index, the mainstream large-cap tech gauge, not a custom or narrowed basket.proshares.com
  • SVXY 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

  • REW The -2x target applies to one day. Hold past that and compounding takes over, so results can drift away from -2x the index move, especially in choppy markets.proshares.com
  • Gross expenses run 2.84%. The 0.95% you actually pay rests on a waiver running through September 30, 2027, and waivers get renewed rather than locked in.
  • A small fund that trades lightly next to the big index shorts, so spreads and order size carry more weight here.
  • SVXY 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.

Full REW profile⁠

Full SVXY profile⁠

REW vs SVXY Holdings

How REW and SVXY differ

Overlap by weight

100%

Shared holdings make up 100% of REW and 100% of SVXY.

Level by level

  • Asset classEquity, Alternatives0.0%
  • Holdings0 in both100%

Sector

No Sector split for REW and SVXY.

Country, concentration and asset class

Country by domicile

No country split for REW and SVXY.

Concentration

Weight in the 10 largest Holdings

  • REW100.0%
  • SVXY100.0%

Securities held

  • REW0
  • SVXY0

Asset class

REW
Equity
SVXY
Alternatives

Holdings

  • Only in REW0
  • In both0
  • Only in SVXY0

Only in REW

0 securities, 0.0% of REW by weight

Only in SVXY

0 securities, 0.0% of SVXY by weight

Weight gaps

REW and SVXY share no securities.

All 10 REW holdings⁠All 3 SVXY holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

REW vs SVXY Cost

Same expense ratio

$17,869

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

  • REW 0.95%

    $17,869

  • SVXY 0.95%

    $17,869

$10,000
30 years

Cost over time

  • REW 0.95%
  • SVXY 0.95%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530REW $17,869SVXY $17,869

Year by year

YearREWSVXY
10$1,678$1,678
20$6,322$6,322
30$17,869$17,869

Expense ratio

  • 0.95%REW
  • 0.95%SVXY
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

REW 6th cheapest of 53 funds

SVXY 6th cheapest of 53 funds

REW vs SVXY Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
REW 5.98%
SVXY No data
Payout (12M)
REW $0.77
SVXY None
Last payment
REW $0.07
SVXY No data
Ex-dividend
REW Sep 23, 2026
SVXY No data
Paid on
REW Sep 29, 2026
SVXY No data
Frequency
REW Quarterly
SVXY No data

Distribution history

Per share, 2017 to 2026, same scale for both

REWQuarterly · 25 paymentsAll REW payments⁠
One bar per payment. 25 payments from 2017 to 2026 YTD. Jun 20, 2018 $1.60; Sep 26, 2018 $4.13; Dec 26, 2018 $3.82; Mar 20, 2019 $4.48; Jun 25, 2019 $4.26; Sep 25, 2019 $3.91; Dec 24, 2019 $1.82; Mar 25, 2020 $0.62; Sep 21, 2022 $0.75; Dec 22, 2022 $0.38; Mar 22, 2023 $0.75; Jun 21, 2023 $1.08; Sep 20, 2023 $0.99; Dec 20, 2023 $1.05; Mar 20, 2024 $0.37; Jun 26, 2024 $0.60; Sep 25, 2024 $0.68; Dec 23, 2024 $0.66; Mar 26, 2025 $0.38; Jun 25, 2025 $0.37; Sep 24, 2025 $0.38; Dec 24, 2025 $0.34; Mar 25, 2026 $0.16; Jun 24, 2026 $0.20; Sep 23, 2026 $0.07. Use the arrow keys to read each point.$0$52017202020232026YTD
SVXYAll SVXY payments⁠

No distribution history available.

REW vs SVXY Risk

Fall from peak · 5 years

  • REW
  • SVXY
Nov 2, 2021 to Nov 2, 2026. Worst fall: REW −94.3% · Oct 2026. Use the arrow keys to read each point.−100%−75%−50%−25%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
REW 41.3%SVXY 26.5%, better
Return per unit of riskSharpe ratio, 3 years
REW −1.35SVXY 0.42, better
Worst fallMax drawdown, 5 years
REW −94.3%SVXY −46.4%, better
Market sensitivityBeta, 5 years
REW −2.52SVXY 1.32

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