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UVIX2x Long VIX Futures ETF

Take a bet4y track recordRanked #170 of 949 in this goal

Seeks daily investment results that correspond to twice the performance of the Long VIX Futures Index.

By VS TRUST · Launched 2022

Annual Cost

4.13%

#5,847 of 5,861 · expensive

Fund Size

$290M

#2,033 of 5,861 · mid-size

Return (1Y)Goal

-83.7%

Track Record

4 years

#2,588 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$1,620-83.8%

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

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Volatility strategy

Index tracked

S&P 500 VIX Short-Term Futures Index

What it actually holds

By weight

Asset allocation

Stocks
183.1%
Other
104.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
114.8%High

Year-on-year price swings

Max drawdown
-100.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.49Below average
Sortino (3Y)
-0.79Moderate downside risk

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks daily investment results that correspond to twice the performance of the Long VIX Futures Index.
Strategy
Invests all or substantially all of its assets in long positions in first and second month VIX futures contracts to achieve daily investment results that correspond to twice the performance of the Long Index. The Fund is not designed to meet its investment objective over periods longer than one day.
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.

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

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