- ISIN
- US74347W1302
- CUSIP
- 74347W130
- Issuer
- ProShares
- Inception Date
- Oct 3, 2011
- Region
- North America (U.S.)
- Category
- Volatility
- Leveraged
- 0.5x
- Index Tracked
- S&P 500 VIX Short-Term Futures Index (-0.5x)
- Distribution Policy
- Accumulating
- Asset Class
- Volatility
- Assets Under Management
- $250M
Share Price Chart
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Performance
SVXY Performance Chart
ProShares Short VIX Short-Term Futures ETF (SVXY) is down 0.7% since the beginning of the year. SVXY is currently trading at $55 per share. Investors who bought $1,000 worth of SVXY shares 5 years ago would now be looking at an investment worth $1,979.
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Returns By Period
ProShares Short VIX Short-Term Futures ETF (SVXY) has returned -0.69% so far this year and 35.14% over the past 12 months. Over the last ten years, SVXY has returned 2.48% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
ProShares Short VIX Short-Term Futures ETF
- 1D
- -2.69%
- 1M
- 4.23%
- YTD
- -0.69%
- 6M
- 0.15%
- 1Y
- 35.14%
- 3Y*
- 10.26%
- 5Y*
- 14.63%
- 10Y*
- 2.48%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
SVXY Monthly Returns History
Based on dividend-adjusted daily data since Oct 4, 2011, SVXY's average daily return is +0.12%, while the average monthly return is +2.65%. At this rate, an investment would double in approximately 2.2 years.
Historically, 62% of months were positive and 38% were negative. The best month was Mar 2012 with a return of +37.3%, while the worst month was Feb 2018 at -89.7%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, SVXY closed higher 59% of trading days. The best single day was Feb 9, 2018 with a return of +13.4%, while the worst single day was Feb 6, 2018 at -83.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.31% | -3.36% | -12.39% | 11.86% | 7.73% | -0.34% | -0.69% | ||||||
| 2025 | 1.08% | -1.66% | -8.04% | -18.25% | 8.07% | 5.37% | 6.41% | 7.52% | 4.51% | -2.47% | 1.33% | 10.01% | 10.63% |
| 2024 | 1.17% | 5.50% | 2.16% | -2.82% | 8.69% | 3.11% | -3.55% | -9.17% | -6.82% | -8.38% | 15.27% | -5.40% | -3.17% |
| 2023 | 11.50% | -1.44% | -1.15% | 8.71% | 4.14% | 17.33% | 4.96% | 1.65% | -4.44% | -2.46% | 16.39% | 5.49% | 76.21% |
| 2022 | -8.66% | -8.59% | 6.17% | -12.65% | 4.97% | -3.64% | 11.45% | -1.41% | -8.27% | 8.83% | 8.47% | 2.30% | -4.66% |
| 2021 | -13.10% | 12.16% | 16.61% | 5.75% | 4.10% | 7.14% | -3.19% | 7.70% | -6.09% | 13.24% | -12.71% | 14.49% | 48.53% |
Benchmark Metrics
ProShares Short VIX Short-Term Futures ETF has an annualized alpha of 1.02%, beta of 2.12, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since October 04, 2011.
- This ETF captured 326.85% of S&P 500 Index gains and 234.11% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.42 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.02%
- Beta
- 2.12
- R²
- 0.42
- Upside Capture
- 326.85%
- Downside Capture
- 234.11%
Expense Ratio
SVXY has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SVXY ranks 34 for risk / return — below 34% 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 ProShares Short VIX Short-Term Futures ETF (SVXY) 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.
| SVXY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.32 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 2.46 | -0.92 |
| Martin ratioReturn relative to average drawdown | 5.02 | 10.92 | -5.90 |
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 ProShares Short VIX Short-Term 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 ProShares Short VIX Short-Term Futures ETF was 95.25%, occurring on Mar 18, 2020. The portfolio has not yet recovered.
The current ProShares Short VIX Short-Term Futures ETF drawdown is 80.10%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -95.25%Mar 2020 | 2y 2mo | — | 8y 5moJan 2018 - now |
2016 bear market2016 | -67.94%Feb 2016 | 7mo 22d | 10mo 14d | 1y 6moJun 2015 - Dec 2016 |
2015 bear market2015 | -47.30%Jan 2015 | 6mo 27d | 4mo 23d | 11mo 20dJul 2014 - Jun 2015 |
2012 bear market2012 | -38.97%Jun 2012 | 2mo 6d | 2mo 6d | 4mo 12dMar 2012 - Aug 2012 |
2011 bear market2011 | -33.23%Nov 2011 | 25d | 1mo 15d | 2mo 10dOct 2011 - Jan 2012 |
Drawdown Indicators
| SVXY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.25% | -56.78% | -38.47% |
Max Drawdown (1Y)Largest decline over 1 year | -22.94% | -9.10% | -13.84% |
Max Drawdown (3Y)Largest decline over 3 years | -46.45% | -18.90% | -27.55% |
Max Drawdown (5Y)Largest decline over 5 years | -46.45% | -25.43% | -21.02% |
Max Drawdown (10Y)Largest decline over 10 years | -95.25% | -33.92% | -61.33% |
Current DrawdownCurrent decline from peak | -80.10% | -3.21% | -76.89% |
Average DrawdownAverage peak-to-trough decline | -56.93% | -10.71% | -46.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.02% | 2.04% | +4.98% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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