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SKF vs SVXY

ProShares UltraShort Financials

SKFCNYSE Arca

ProShares Short VIX Short-Term Futures ETF

SVXYBCboe

Overlap

0.0%by weight

Expense ratio

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

SKF0.95%SVXY0.95%

Avg volume · 30D

SVXY 57.8×the volume

SKF27.4KSVXY1.58M

10Y return · a year

SVXY +24.1pt

SKF−26.7%SVXY−2.6%

SKF vs SVXY Performance

Nov 9, 2021 – Nov 9, 2026

−60.9%SKF+89.5%SVXY

Nov 9, 2021 to Nov 9, 2026. SKF −60.9%. SVXY +89.5%. Use the arrow keys to read each point.−25%0%25%50%Nov 2021May 2024Nov 2026
Expense ratio
SKF 0.95%
SVXY 0.95%
Fund size
SKF $11M
SVXY $185M
1Y total return
SKF −17.1%
SVXY +19.5%, better
Yield (12M)
SKF 4.10%
SVXY No data
Holdings
SKF 2
SVXY 1
Avg volume (30D)
SKF 27.4K sh
SVXY 1.58M sh, better
NAV per share
SKF $22.87
SVXY $54.78
52W range

ETF.net Grade

SKF: Cost 50, Risk 45, Mission not scored, Tradability 61, Holdings 44, Durability 54. SVXY: Cost 50, Risk 71, Mission not scored, Tradability 88, Holdings not scored, Durability 76.
Pillar letters and Scores for SKF, SVXY, with each pillar’s weight
PillarSKFSVXY
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightC45A71Higher
Tradability15% weightB61A88Higher
Holdings10% weightC44Not scored
Durability5% weightC54A76Higher

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. SKF 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 SKF 20th 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 20CQQQDDirexion Daily Magnificent 7 Bear 1X ETFScore 51
  6. Rank 20CSKFProShares UltraShort FinancialsScore 51
  7. Rank 23CZSLProShares UltraShort SilverScore 50

Our read on each fund

ETF.net Research

SKFCProShares UltraShort Financials

SVXYBProShares Short VIX Short-Term Futures ETF

In short

SKF The only -2x bear fund on the financials sector, live since January 2007, just ahead of the sector's defining crash. It aims to deliver twice the inverse of the S&P Financial Select Sector Index's daily move. 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

SKF The fund seeks daily results, before fees and expenses, equal to -2x the daily performance of the S&P Financial Select Sector Index. It is designed to provide inverse exposure when the financials sector declines.

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

  • SKF ProShares calls it the only -2x inverse ETF on the financials sector; sibling SEF rides the same index at -1x (0.95% net of a waiver through September 30, 2027).proshares.com
  • 0.95% net of a waiver through September 30, 2027 (1.54% gross), near the median fee for leveraged-bear funds.
  • Trading since January 30, 2007, through the financial crisis and everything after: a long public record of how daily-reset leverage behaves.proshares.com
  • The reference index measures financial companies inside the S&P 500, so the short is aimed at large-cap banks, insurers and capital-markets firms.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

  • SKF Leverage resets daily. Hold longer and compounding pushes results away from -2x, with choppy markets grinding hardest.proshares.com
  • Small assets and light trading by ETF standards, so bid/ask spreads matter more going in and out.
  • The 0.95% leans on a contractual waiver; gross runs 1.54% if it is not extended past September 30, 2027.
  • 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 SKF profile⁠

Full SVXY profile⁠

SKF vs SVXY Holdings

How SKF and SVXY differ

Overlap by weight

0.0%

About this figure: SKF gets much of its exposure from swaps and futures, which aren’t counted.

Level by level

  • Asset classStocks, Alternatives0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for SKF and SVXY.

Country, concentration and asset class

Country by domicile

No country split for SVXY.

Concentration

Weight in the 10 largest Holdings

  • SKF100.0%
  • SVXY100.0%

Securities held

  • SKF1
  • SVXY0

Asset class

SKF
Stocks
SVXY
Alternatives

Holdings

  • Only in SKF1
  • In both0
  • Only in SVXY0

Only in SKF

1 security, 82.1% of SKF by weight

  • Proshares Genius Mny Mkt Etf82.14%

Only in SVXY

0 securities, 0.0% of SVXY by weight

Weight gaps

SKF and SVXY share no securities.

All 11 SKF 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.

SKF vs SVXY Cost

Same expense ratio

$17,869

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

  • SKF 0.95%

    $17,869

  • SVXY 0.95%

    $17,869

$10,000
30 years

Cost over time

  • SKF 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$20K051015202530SKF $17,869SVXY $17,869

Year by year

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

Expense ratio

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

SKF 6th cheapest of 53 funds

SVXY 6th cheapest of 53 funds

SKF vs SVXY Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
SKF 4.10%
SVXY No data
Payout (12M)
SKF $0.91
SVXY None
Last payment
SKF $0.19
SVXY No data
Ex-dividend
SKF Sep 23, 2026
SVXY No data
Paid on
SKF Sep 29, 2026
SVXY No data
Frequency
SKF Quarterly
SVXY No data

Distribution history

Per share, 2017 to 2026, same scale for both

SKFQuarterly · 22 paymentsAll SKF payments⁠
One bar per payment. 22 payments from 2017 to 2026 YTD. Dec 26, 2018 $0.23; Mar 20, 2019 $0.57; Jun 25, 2019 $0.88; Sep 25, 2019 $0.68; Dec 24, 2019 $0.68; Mar 25, 2020 $0.13; Dec 22, 2022 $0.03; Mar 22, 2023 $0.29; Jun 21, 2023 $0.69; Sep 20, 2023 $0.62; Dec 20, 2023 $0.71; Mar 20, 2024 $0.54; Jun 26, 2024 $1.08; Sep 25, 2024 $0.59; Dec 23, 2024 $0.58; Mar 26, 2025 $0.36; Jun 25, 2025 $0.36; Sep 24, 2025 $0.35; Dec 24, 2025 $0.35; Mar 25, 2026 $0.13; Jun 24, 2026 $0.24; Sep 23, 2026 $0.19. Use the arrow keys to read each point.$0$12017202020232026YTD
SVXYAll SVXY payments⁠

No distribution history available.

SKF vs SVXY Risk

Fall from peak · 5 years

  • SKF
  • SVXY
Nov 9, 2021 to Nov 9, 2026. Worst fall: SKF −74.8% · Nov 2026. Use the arrow keys to read each point.−80%−60%−40%−20%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
SKF 28.5%SVXY 26.5%, better
Return per unit of riskSharpe ratio, 3 years
SKF −1.26SVXY 0.42, better
Worst fallMax drawdown, 5 years
SKF −74.8%SVXY −46.4%, better
Market sensitivityBeta, 5 years
SKF −1.45SVXY 1.30

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