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SVIX-1x Short VIX Futures ETF

Take a bet4y track recordRanked #182 of 775 in this goal

By VS TRUST · Launched 2022

Annual Cost

3.93%

#5,547 of 5,562 · expensive

Fund Size

$175M

#2,403 of 5,562 · mid-size

Return (1Y)Goal

+53.2%

Track Record

4 years

#2,650 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$16,206+62.1%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Inverse

Index tracked

Short VIX Futures Index

What it actually holds

By weight

Asset allocation

Cash
123.9%
Other
59.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
55.4%High

Year-on-year price swings

Max drawdown
-79.3%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.27Below average
Sortino (3Y)
0.34Moderate downside risk

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Strategy
The principal investment strategy of SVIX involves gaining exposure to the Short VIX Futures Index through investments in VIX futures contracts and other financial instruments, with a focus on daily rebalancing to align with its investment objective.
Inception date
March 28, 2022
Fund family
VS TRUST

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Inverse
Warning

Inverse ETF — daily tool only

Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.

Source: Cheng & Madhavan (2009)

Why we flagged this: strategy=inverse + inverse_name_or_strategy

Leveraged
Warning

Leveraged ETF — not a long-term hold

This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.

Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Why we flagged this: strategy=inverse + leveraged_name_or_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19