SVXYProShares Short VIX Short-Term Futures ETF
The index seeks to offer exposure to market volatility through publicly traded futures markets and is designed to measure the implied volatility of the S&P 500 over 30 days in the future.
By ProShares · Launched 2011
1.01%
#4,997 of 5,562 · expensive
$250M
#2,131 of 5,562 · mid-size
+34.5%
14 years
#927 of 5,562 · established
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Volatility strategy
Index tracked
S&P 500 VIX Short-Term Futures Index
What it actually holds
By weightConcentration
Top 1 holdings = 53.9% of fundmoderately concentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- The index seeks to offer exposure to market volatility through publicly traded futures markets and is designed to measure the implied volatility of the S&P 500 over 30 days in the future.
- Strategy
- To achieve its investment objective, the fund primarily invests in financial instruments, including futures contracts and swap agreements, that provide exposure to the S&P 500 VIX Short-Term Futures Index, aiming for a daily return that is approximately two times the inverse of the index's performance.
- Inception date
- October 3, 2011
- Fund family
- ProShares
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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=volatility_strategy + inverse_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