UVXYProShares Ultra VIX Short-Term Futures ETF
Seeks daily investment results that correspond to 1.5x the daily performance of the S&P 500 VIX Short-Term Futures Index.
By ProShares · Launched 2011
1.23%
#5,496 of 5,861 · expensive
$234M
#2,238 of 5,861 · mid-size
-69.8%
14 years
#910 of 5,861 · established
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
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
synthetic exposure — holdings shown are derivatives collateral, not the fund's positions
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks daily investment results that correspond to 1.5x the daily performance of the S&P 500 VIX Short-Term Futures Index.
- Strategy
- Acquires long exposure through VIX futures contracts to achieve daily investment results of 1.5x the 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
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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