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ISIN
US92891H1014
CUSIP
92891H101
Inception Date
Mar 28, 2022
Leveraged
1x (No leverage)
Distribution Policy
Accumulating
Asset Class
Alternatives
Assets Under Management
$215M

Share Price Chart


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Performance

SVIX Performance Chart

Volatility Shares -1x Short VIX Futures ETF (SVIX) is down 9.0% since the beginning of the year. SVIX is currently trading at $22 per share.


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S&P 500 Index

Returns By Period

Volatility Shares -1x Short VIX Futures ETF (SVIX) has returned -8.96% so far this year and 47.76% over the past 12 months.


Volatility Shares -1x Short VIX Futures ETF

1D
4.55%
1M
14.54%
YTD
-8.96%
6M
0.68%
1Y
47.76%
3Y*
-3.74%
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
0.50%
1M
-0.17%
YTD
8.56%
6M
8.85%
1Y
22.93%
3Y*
19.37%
5Y*
11.84%
10Y*
13.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SVIX Monthly Returns History

Based on dividend-adjusted daily data since Mar 30, 2022, SVIX's average daily return is +0.13%, while the average monthly return is +2.04%. At this rate, an investment would double in approximately 2.9 years.

Historically, 54% of months were positive and 46% were negative. The best month was Jun 2023 with a return of +36.2%, while the worst month was Apr 2025 at -39.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.

On a daily basis, SVIX closed higher 58% of trading days. The best single day was Apr 9, 2025 with a return of +19.1%, while the worst single day was Aug 5, 2024 at -38.9%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-6.31%-7.09%-25.51%23.55%15.51%-1.61%-8.96%
20250.04%-4.29%-16.26%-39.09%14.77%9.07%12.19%13.39%8.36%-7.58%2.43%19.71%-4.49%
2024-0.16%9.69%2.52%-7.25%15.86%4.72%-8.68%-26.60%-15.27%-16.96%30.60%-13.59%-32.76%
202322.65%-3.34%-5.01%16.63%7.04%36.20%8.30%2.11%-10.18%-7.07%33.46%9.11%157.37%
2022-5.65%-24.93%7.69%-8.37%23.17%-3.12%-16.92%17.75%16.64%3.53%-1.48%

Benchmark Metrics

Volatility Shares -1x Short VIX Futures ETF has an annualized alpha of -4.42%, beta of 2.91, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since March 30, 2022.

  • This ETF captured 269.13% of S&P 500 Index gains and 197.15% of its losses - amplifying both gains and losses, but participating more in upside than downside.
  • This ETF had an annualized alpha of -4.42% versus S&P 500 Index - delivering less than market exposure alone would predict.
  • Beta of 2.91 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.

Alpha
-4.42%
Beta
2.91
0.57
Upside Capture
269.13%
Downside Capture
197.15%

Expense Ratio

SVIX has a high expense ratio of 1.47%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

SVIX ranks 27 for risk / return — below 27% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.


SVIX Risk / Return Rank: 2727
Overall Rank
SVIX Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
SVIX Sortino Ratio Rank: 2727
Sortino Ratio Rank
SVIX Omega Ratio Rank: 3030
Omega Ratio Rank
SVIX Calmar Ratio Rank: 2626
Calmar Ratio Rank
SVIX Martin Ratio Rank: 2727
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Volatility Shares -1x Short VIX Futures ETF (SVIX) and compare them to S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


SVIXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-1.00

Sortino ratioReturn per unit of downside risk

-1.16

Omega ratioGain probability vs. loss probability

1.19

1.34

-0.15

Calmar ratioReturn relative to maximum drawdown

1.12

2.53

-1.41

Martin ratioReturn relative to average drawdown

3.22

11.37

-8.16

Dividends

Dividend History


Volatility Shares -1x Short VIX Futures ETF doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Volatility Shares -1x Short VIX Futures ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Volatility Shares -1x Short VIX Futures ETF was 79.30%, occurring on Apr 10, 2025. The portfolio has not yet recovered.

The current Volatility Shares -1x Short VIX Futures ETF drawdown is 56.51%.


Related event

Drawdown

Fall

Recovery

Underwater

2025 selloff2025
-79.30%Apr 2025
8mo 29d
1y 11moJul 2024 - now
Bear market2022
-39.40%Jun 2022
2mo 9d6mo 27d
9mo 6dApr 2022 - Jan 2023
2023 bear market2023
-31.75%Oct 2023
1mo 12d28d
2mo 10dSep 2023 - Nov 2023
2023 bear market2023
-27.64%Mar 2023
10d1mo 1d
1mo 11dMar 2023 - Apr 2023
2024 correction2024
-18.81%Apr 2024
18d23d
1mo 11dMar 2024 - May 2024

Drawdown Indicators


SVIXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-79.30%

-56.78%

-22.52%

Max Drawdown (1Y)

Largest decline over 1 year

-42.69%

-9.10%

-33.59%

Max Drawdown (3Y)

Largest decline over 3 years

-79.30%

-18.90%

-60.40%

Max Drawdown (5Y)

Largest decline over 5 years

-25.43%

Max Drawdown (10Y)

Largest decline over 10 years

-33.92%

Current Drawdown

Current decline from peak

-56.51%

-2.34%

-54.17%

Average Drawdown

Average peak-to-trough decline

-31.74%

-10.72%

-21.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.91%

2.02%

+12.89%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

Build a portfolio with SVIX

Add Volatility Shares -1x Short VIX Futures ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Analyzer with SVIX