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SVXYProShares Short VIX Short-Term Futures ETF

Take a bet14y track recordRanked #92 of 949 in this goal

Seeks daily investment results that correspond to -0.5x the daily performance of the S&P 500 VIX Short-Term Futures Index.

By ProShares · Launched 2011

Annual Cost

1.01%

#5,243 of 5,861 · expensive

Fund Size

$222M

#2,279 of 5,861 · mid-size

Return (1Y)Goal

+27.8%

Track Record

14 years

#910 of 5,861 · established

Performance

Total-return NAV · USD
Growth of $10,000
$11,693+16.9%

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

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Volatility strategy

Index tracked

S&P 500 VIX Short-Term Futures Index

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

ProShares GENIUS Money Market ETFIQMM
73.5%

Asset allocation

Cash
204.8%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
29.5%High

Year-on-year price swings

Max drawdown
-95.2%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.33Below average
Sortino (3Y)
0.43Moderate downside risk

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks daily investment results that correspond to -0.5x the daily performance of the S&P 500 VIX Short-Term Futures Index.
Strategy
Acquires short exposure through VIX futures contracts to achieve daily investment results corresponding to one-half the inverse (-0.5x) of the daily performance of the S&P 500 VIX Short-Term Futures Index. Designed for short-term trading, not for long-term investment.
Inception date
October 3, 2011
Fund family
ProShares

Our take

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

Inverse
Warning

You can be right and still lose

This fund returns the opposite of its benchmark's daily move, then resets. Hold it longer and the daily compounding takes over: the market can move your way over a week and you still finish down. It works as a one-day hedge and nothing beyond that.

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

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 2026-08-04