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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Volatility Shares -1x Short VIX Futures ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Volatility Shares -1x Short VIX Futures ETF (SVIX) has returned -35.16% so far this year and -22.76% over the past 12 months.
Volatility Shares -1x Short VIX Futures ETF
- 1D
- 9.17%
- 1M
- -25.51%
- YTD
- -35.16%
- 6M
- -26.52%
- 1Y
- -22.76%
- 3Y*
- -1.64%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Mar 30, 2022, SVIX's average daily return is +0.10%, while the average monthly return is +1.41%. At this rate, your investment would double in approximately 4.1 years.
Historically, 53% of months were positive and 47% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -6.31% | -7.09% | -25.51% | -35.16% | |||||||||
| 2025 | 0.04% | -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% |
| 2023 | 22.65% | -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 | -5.07% | -24.93% | 7.69% | -8.37% | 23.17% | -3.12% | -16.92% | 17.75% | 16.64% | 3.53% | -0.88% |
Benchmark Metrics
Volatility Shares -1x Short VIX Futures ETF has an annualized alpha of -4.54%, beta of 2.93, and R² of 0.57 versus S&P 500 Index. Calculated based on daily prices since March 31, 2022.
- This ETF captured 255.42% of S&P 500 Index gains and 198.51% of its losses — amplifying both gains and losses, but participating more in upside than downside.
- This ETF had an annualized alpha of -4.54% versus S&P 500 Index — delivering less than market exposure alone would predict.
- Beta of 2.93 means this ETF moves significantly more than S&P 500 Index — expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -4.54%
- Beta
- 2.93
- R²
- 0.57
- Upside Capture
- 255.42%
- Downside Capture
- 198.51%
Expense Ratio
SVIX has a high expense ratio of 1.47%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SVIX ranks 7 for risk / return — in the bottom 7% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
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 a chosen benchmark (S&P 500 Index).
| SVIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.31 | 0.90 | -1.20 |
Sortino ratioReturn per unit of downside risk | 0.05 | 1.39 | -1.33 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.21 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | -0.45 | 1.40 | -1.85 |
Martin ratioReturn relative to average drawdown | -1.03 | 6.61 | -7.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore SVIX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
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 69.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -79.3% | Jul 15, 2024 | 187 | Apr 10, 2025 | — | — | — |
| -39.4% | Apr 5, 2022 | 48 | Jun 13, 2022 | 143 | Jan 6, 2023 | 191 |
| -31.75% | Sep 15, 2023 | 31 | Oct 27, 2023 | 19 | Nov 24, 2023 | 50 |
| -27.64% | Mar 7, 2023 | 9 | Mar 17, 2023 | 20 | Apr 17, 2023 | 29 |
| -18.81% | Mar 28, 2024 | 12 | Apr 15, 2024 | 17 | May 8, 2024 | 29 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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