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SVXY vs SZK

ProShares Short VIX Short-Term Futures ETF

SVXYBCboe

ProShares UltraShort Consumer Staples

SZKCNYSE Arca

Overlap

100%by weight

Expense ratio

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

SVXY0.95%SZK0.95%

Avg volume · 30D

SVXY 310.9×the volume

SVXY1.49MSZK4.79K

10Y return · a year

SVXY +15.8pt

SVXY−1.7%SZK−17.5%

SVXY vs SZK Performance

Oct 29, 2021 – Oct 30, 2026

+96.6%SVXY−11.1%SZK

Oct 29, 2021 to Oct 30, 2026. SVXY +96.6%. SZK −11.1%. Use the arrow keys to read each point.25%50%75%Oct 2021Apr 2024Oct 2026
Expense ratio
SVXY 0.95%
SZK 0.95%
Fund size
SVXY $201M
SZK $1M
1Y total return
SVXY +21.9%, better
SZK −28.6%
Yield (12M)
SVXY No data
SZK 6.68%
Holdings
SVXY 1
SZK 1
Avg volume (30D)
SVXY 1.49M sh, better
SZK 4.79K sh
NAV per share
SVXY $60.55
SZK $18.17
52W range

ETF.net Grade

SVXY: Cost 50, Risk 75, Mission not scored, Tradability 84, Holdings not scored, Durability 76. SZK: Cost 50, Risk 51, Mission not scored, Tradability 27, Holdings not scored, Durability 35.
Pillar letters and Scores for SVXY, SZK, with each pillar’s weight
PillarSVXYSZK
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightA75HigherC51
Tradability15% weightA84HigherD27
Holdings10% weightNot scoredNot scored
Durability5% weightA76HigherD35

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. SVXY and SZK 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 SZK 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 32CSMNProShares UltraShort MaterialsScore 40
  5. Rank 32CSZKProShares UltraShort Consumer StaplesScore 40
  6. Rank 32CYXIProShares Short FTSE China 50Score 40

Our read on each fund

ETF.net Research

SVXYBProShares Short VIX Short-Term Futures ETF

SZKCProShares UltraShort Consumer Staples

In short

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.

SZK The only -2x ETF pointed at a falling consumer staples sector, per ProShares, and it has held that slot since 2007. Soup, soap and razor blades, geared and flipped, reset every single day.

Stated mandate

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.

SZK The fund seeks inverse exposure to the daily performance of the consumer staples sector, aiming to profit when that sector declines.

Why people hold it

  • 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.
  • SZK ProShares calls it the only -2x ETF designed to gain when the consumer staples sector falls on a given day. No crowd of copycats to compare it against.proshares.com
  • 0.95% net of a waiver through September 30, 2027, against 5.15% gross. Same net sticker as ProShares' big shorts DOG, PSQ and RWM, each 0.95% net of waivers to that same date.proshares.com
  • Trading since 2007, so the record spans the financial crisis and the 2020 crash. Inverse exposure arrives through one ticker in a brokerage account, no borrow to locate.proshares.com

Worth knowing

  • 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.
  • SZK The -2x target applies to a single day. Hold longer and compounding takes over: results can land well away from -2x the index move over that stretch, especially in choppy tape.proshares.com
  • A small, thinly traded fund. The spread you cross and the order type you use carry more weight here than in the heavily traded index shorts.
  • That 0.95% rests on a contractual waiver through September 30, 2027. Gross expenses run 5.15%, the math of a small fund spreading fixed costs over few assets.proshares.com

Full SVXY profile⁠

Full SZK profile⁠

SVXY vs SZK Holdings

How SVXY and SZK differ

Overlap by weight

100%

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

Level by level

  • Asset classAlternatives, Equity0.0%
  • Holdings0 in both100%

Sector

No Sector split for SVXY and SZK.

Country, concentration and asset class

Country by domicile

No country split for SVXY and SZK.

Concentration

Weight in the 10 largest Holdings

  • SVXY100.0%
  • SZK100.0%

Securities held

  • SVXY0
  • SZK0

Asset class

SVXY
Alternatives
SZK
Equity

Holdings

  • Only in SVXY0
  • In both0
  • Only in SZK0

Only in SVXY

0 securities, 0.0% of SVXY by weight

Only in SZK

0 securities, 0.0% of SZK by weight

Weight gaps

SVXY and SZK share no securities.

All 3 SVXY holdings⁠All 5 SZK 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.

SVXY vs SZK Cost

Same expense ratio

$17,869

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

  • SVXY 0.95%

    $17,869

  • SZK 0.95%

    $17,869

$10,000
30 years

Cost over time

  • SVXY 0.95%
  • SZK 0.95%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SVXY $17,869SZK $17,869

Year by year

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

Expense ratio

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

SVXY 6th cheapest of 53 funds

SZK 6th cheapest of 53 funds

SVXY vs SZK Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SVXY No data
SZK 6.68%
Payout (12M)
SVXY None
SZK $1.21
Last payment
SVXY No data
SZK $0.83
Ex-dividend
SVXY No data
SZK Sep 23, 2026
Paid on
SVXY No data
SZK Sep 29, 2026
Frequency
SVXY No data
SZK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SVXYAll SVXY payments⁠

No distribution history available.

SZKQuarterly · 23 paymentsAll SZK payments⁠
One bar per payment. 23 payments from 2017 to 2026 YTD. Jun 20, 2018 $0.12; Sep 26, 2018 $0.30; Dec 26, 2018 $0.31; Mar 20, 2019 $0.33; Jun 25, 2019 $0.43; Sep 25, 2019 $0.48; Dec 24, 2019 $0.22; Mar 25, 2020 $0.07; Mar 22, 2023 $0.05; Jun 21, 2023 $0.43; Sep 20, 2023 $0.39; Dec 20, 2023 $0.36; Mar 20, 2024 $0.33; Jun 26, 2024 $0.52; Sep 25, 2024 $0.25; Dec 23, 2024 $0.37; Mar 26, 2025 $0.19; Jun 25, 2025 $0.15; Sep 24, 2025 $0.20; Dec 24, 2025 $0.21; Mar 25, 2026 $0.05; Jun 24, 2026 $0.13; Sep 23, 2026 $0.83. Use the arrow keys to read each point.$0$0.502017202020232026YTD

SVXY vs SZK Risk

Fall from peak · 5 years

  • SVXY
  • SZK
Oct 29, 2021 to Oct 30, 2026. Worst fall: SVXY −46.4% · Apr 2025. Use the arrow keys to read each point.−50%−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
SVXY 26.5%SZK 25.9%, better
Return per unit of riskSharpe ratio, 3 years
SVXY 0.42, betterSZK −0.70
Worst fallMax drawdown, 5 years
SVXY −46.4%SZK −43.0%, better
Market sensitivityBeta, 5 years
SVXY 1.32SZK −0.85

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