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RXD vs SVXY

ProShares UltraShort Health Care

RXDCNYSE Arca

ProShares Short VIX Short-Term Futures ETF

SVXYBCboe

Overlap

Expense ratio

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

RXD0.95%SVXY0.95%

Avg volume · 30D

SVXY 160.2×the volume

RXD9.3KSVXY1.49M

10Y return · a year

SVXY +21.4pt

RXD−23.1%SVXY−1.7%

RXD vs SVXY Performance

Oct 29, 2021 – Oct 30, 2026

−45.4%RXD+96.6%SVXY

Oct 29, 2021 to Oct 30, 2026. RXD −45.4%. SVXY +96.6%. Use the arrow keys to read each point.−25%0%25%50%75%Oct 2021Apr 2024Oct 2026
Expense ratio
RXD 0.95%
SVXY 0.95%
Fund size
RXD $3M
SVXY $201M
1Y total return
RXD −39.8%
SVXY +21.9%, better
Yield (12M)
RXD 3.64%
SVXY No data
Holdings
RXD 1
SVXY 1
Avg volume (30D)
RXD 9.3K sh
SVXY 1.49M sh, better
NAV per share
RXD $12.36
SVXY $60.55
52W range

ETF.net Grade

RXD: Cost 50, Risk 47, Mission not scored, Tradability 25, Holdings not scored, Durability 45. SVXY: Cost 50, Risk 75, Mission not scored, Tradability 84, Holdings not scored, Durability 76.
Pillar letters and Scores for RXD, SVXY, with each pillar’s weight
PillarRXDSVXY
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightC47A75Higher
Tradability15% weightD25A84Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC45A76Higher

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. RXD 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 RXD 32nd of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BSVXYProShares Short VIX Short-Term Futures ETFScore 65
  3. Rank 3BPSQProShares Short QQQScore 64
  4. Rank 32CREWProShares UltraShort TechnologyScore 40
  5. Rank 32CRXDProShares UltraShort Health CareScore 40
  6. Rank 32CSBBProShares Short SmallCap600Score 40

Our read on each fund

ETF.net Research

RXDCProShares UltraShort Health Care

SVXYBProShares Short VIX Short-Term Futures ETF

In short

RXD A sector-specific short: aims to deliver -2x the daily move of the S&P Health Care Select Sector Index inside a plain ETF wrapper. Trading since 2007, it resets every day, which makes it a short-horizon tool rather than a hold.

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

RXD The fund seeks daily pre-fee and pre-expense returns equal to negative two times the daily performance of the S&P Health Care Select Sector SM 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

  • RXD Inverse health care exposure without a margin account or a swap desk: -2x daily on the S&P Health Care Select Sector Index in a 1940 Act fund.proshares.com
  • Fee is 0.95% net of a waiver through September 30, 2027, against a 4.53% gross ratio, and near the median for leveraged and inverse funds.
  • Same 0.95% net sticker as ProShares' broad-index shorts DOG and PSQ, each also net of a waiver through September 30, 2027, so the sector focus costs no extra.
  • Launched January 2007, so this is one of the original leveraged and inverse sector funds, seasoned through many health care policy cycles.
  • 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

  • RXD The -2x target applies to a single day. Returns compound, so results over longer stretches can differ from twice the inverse of the index move.sec.gov
  • It has stayed small and trades thinly next to broad-index inverse siblings like PSQ and RWM, so bid-ask spreads can run wider.
  • One sector, doubled and flipped: FDA rulings, drug-pricing headlines and a few mega-cap pharma names swing it hard in both directions.
  • 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 RXD profile⁠

Full SVXY profile⁠

RXD vs 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.

RXD vs SVXY Cost

Same expense ratio

$17,869

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

  • RXD 0.95%

    $17,869

  • SVXY 0.95%

    $17,869

$10,000
30 years

Cost over time

  • RXD 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$20K051015202530RXD $17,869SVXY $17,869

Year by year

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

Expense ratio

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

RXD 6th cheapest of 53 funds

SVXY 6th cheapest of 53 funds

RXD vs SVXY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
RXD 3.64%
SVXY No data
Payout (12M)
RXD $0.45
SVXY None
Last payment
RXD $0.12
SVXY No data
Ex-dividend
RXD Sep 23, 2026
SVXY No data
Paid on
RXD Sep 29, 2026
SVXY No data
Frequency
RXD Quarterly
SVXY No data

Distribution history

Per share, 2017 to 2026, same scale for both

RXDQuarterly · 24 paymentsAll RXD payments⁠
One bar per payment. 24 payments from 2017 to 2026 YTD. Sep 26, 2018 $0.01; Dec 26, 2018 $0.22; Mar 20, 2019 $0.26; Jun 25, 2019 $0.37; Sep 25, 2019 $0.35; Dec 24, 2019 $0.21; Mar 25, 2020 $0.07; Dec 23, 2021 $0.09; Dec 22, 2022 $0.16; Mar 22, 2023 $0.10; Jun 21, 2023 $0.22; Sep 20, 2023 $0.19; Dec 20, 2023 $0.24; Mar 20, 2024 $0.25; Jun 26, 2024 $0.38; Sep 25, 2024 $0.20; Dec 23, 2024 $0.20; Mar 26, 2025 $0.13; Jun 25, 2025 $0.12; Sep 24, 2025 $0.21; Dec 24, 2025 $0.14; Mar 25, 2026 $0.04; Jun 24, 2026 $0.14; Sep 23, 2026 $0.12. Use the arrow keys to read each point.$0$0.252017202020232026YTD
SVXYAll SVXY payments⁠

No distribution history available.

RXD vs SVXY Risk

Fall from peak · 5 years

  • RXD
  • SVXY
Oct 29, 2021 to Oct 30, 2026. Worst fall: RXD −56.1% · Oct 2026. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
RXD 28.9%SVXY 26.5%, better
Return per unit of riskSharpe ratio, 3 years
RXD −0.85SVXY 0.42, better
Worst fallMax drawdown, 5 years
RXD −56.1%SVXY −46.4%, better
Market sensitivityBeta, 5 years
RXD −0.93SVXY 1.32

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