PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

ProShares Short VIX Short-Term Futures ETF (SVXY) Sharpe Ratio: 1.39

ETF · Currency in USD · Last updated Jun 23, 2026

The ProShares Short VIX Short-Term Futures ETF (SVXY) seeks daily investment results corresponding to one-half the inverse (-0.5x) of the daily performance of the S&P 500 VIX Short-Term Futures Index, which measures the returns of a portfolio of first- and second-month VIX futures contracts. The fund is used to profit from declining or stable equity market volatility and reduced its leverage target from -1x to -0.5x after the February 2018 volatility spike. It launched in October 2011.

SVXY's Sharpe Ratio of 1.39 indicates that for each unit of volatility, it generates 1.39 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

SVXY Sharpe Ratio Rank

SVXY Sharpe Ratio Rank: 40.340
Average

SVXY ranks above 40.3% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns are proportional to volatility—neither strong nor weak
  • Evaluate whether the volatility profile aligns with your risk tolerance
  • Review higher-ranked alternatives in the same category
  • Monitor rank direction to identify improving or deteriorating trends

SVXY Sharpe Ratio Market Positioning

The chart shows SVXY's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.31
  • Green zone (top 25%): 2.31 or higher
  • Top 1%: 7.47+
  • Median: 1.67 — half of all investments score higher

How it compares to other similar ETFs

The table compares ProShares Short VIX Short-Term Futures ETF's Sharpe Ratio with other ETFs in the Volatility category across multiple time periods, showing how SVXY's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
SVXYProShares Short VIX Short-Term Futures ETF1.39
SVIX-1x Short VIX Futures ETF1.21
SVOLSimplify Volatility Premium ETF0.98
ZVOLVolatility Premium Plus ETF0.83
VIXMProShares VIX Mid-Term Futures ETF-0.73
UVIX2x Long VIX Futures ETF-0.79
UVXYProShares Ultra VIX Short-Term Futures ETF-0.90
VIXYProShares VIX Short-Term Futures ETF-1.04
VXXiPath Series B S&P 500 VIX Short-Term Futures ETN-1.04
WEIXDynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF—

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SVXY's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SVXY consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does SVXY fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio