- ISIN
- US92891H1014
- CUSIP
- 92891H101
- Issuer
- Volatility Shares
- Inception Date
- Mar 28, 2022
- Category
- Inverse Equities
- 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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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%
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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -6.31% | -7.09% | -25.51% | 23.55% | 15.51% | -1.61% | -8.96% | ||||||
| 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 | -5.65% | -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
- R²
- 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.
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.
| SVIX | Benchmark | Difference | |
|---|---|---|---|
| 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
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 9d | 6mo 27d | 9mo 6dApr 2022 - Jan 2023 |
2023 bear market2023 | -31.75%Oct 2023 | 1mo 12d | 28d | 2mo 10dSep 2023 - Nov 2023 |
2023 bear market2023 | -27.64%Mar 2023 | 10d | 1mo 1d | 1mo 11dMar 2023 - Apr 2023 |
2024 correction2024 | -18.81%Apr 2024 | 18d | 23d | 1mo 11dMar 2024 - May 2024 |
Drawdown Indicators
| SVIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -56.51% | -2.34% | -54.17% |
Average DrawdownAverage peak-to-trough decline | -31.74% | -10.72% | -21.02% |
Ulcer IndexDepth 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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Build a portfolio with SVIX
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