2x Long VIX Futures ETF (UVIX) belongs to the Volatility category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with UVIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to UVIX
UVIX charges 2.78% annually. There are 9 ETFs in the Volatility category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | 0.50% | 523.04M | May 2021 | UVIX vs SVOL | |
| Dynamic Short Short-Term Volatility Futures ETF | 0.50% | 6.57M | Jan 2022 | UVIX vs WEIX | |
| ProShares VIX Short-Term Futures ETF | 0.85% | 190.88M | Jan 2011 | UVIX vs VIXY | |
| ProShares VIX Mid-Term Futures ETF | 0.85% | 41.03M | Jan 2011 | UVIX vs VIXM | |
| iPath Series B S&P 500 VIX Short-Term Futures ETN | 0.89% | 498.90M | Jan 2018 | UVIX vs VXX |
Best Risk-Adjusted Alternatives to UVIX
UVIX has a PortfoliosLab risk / return rank of 1. There are 5 ETFs in the Volatility category with higher risk-adjusted ranks, going as high as 45.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short VIX Short-Term Futures ETF | 45 | 201.45M | Oct 2011 | UVIX vs SVXY | |
| Simplify Volatility Premium ETF | 42 | 523.04M | May 2021 | UVIX vs SVOL | |
| -1x Short VIX Futures ETF | 37 | 195.06M | Mar 2022 | UVIX vs SVIX | |
| Volatility Premium Plus ETF | 37 | 14.02M | Apr 2023 | UVIX vs ZVOL | |
| ProShares VIX Mid-Term Futures ETF | 2 | 41.03M | Jan 2011 | UVIX vs VIXM |
Top Performing UVIX Alternatives (YTD)
UVIX is at -52.21% YTD. There are 8 ETFs in the Volatility category with higher YTD returns, going as high as 5.20%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short VIX Short-Term Futures ETF | 5.20% | 201.45M | Oct 2011 | UVIX vs SVXY | |
| Volatility Premium Plus ETF | 5.04% | 14.02M | Apr 2023 | UVIX vs ZVOL | |
| Simplify Volatility Premium ETF | 1.56% | 523.04M | May 2021 | UVIX vs SVOL | |
| -1x Short VIX Futures ETF | 0.58% | 195.06M | Mar 2022 | UVIX vs SVIX | |
| ProShares VIX Mid-Term Futures ETF | -5.76% | 41.03M | Jan 2011 | UVIX vs VIXM |
Lowest Volatility Alternatives to UVIX
UVIX has 113.77% 1-year volatility. There are 8 ETFs in the Volatility category with lower 1-year volatility, going as low as 17.09%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | 17.09% | 523.04M | May 2021 | UVIX vs SVOL | |
| ProShares VIX Mid-Term Futures ETF | 18.44% | 41.03M | Jan 2011 | UVIX vs VIXM | |
| Volatility Premium Plus ETF | 18.68% | 14.02M | Apr 2023 | UVIX vs ZVOL | |
| ProShares Short VIX Short-Term Futures ETF | 29.23% | 201.45M | Oct 2011 | UVIX vs SVXY | |
| -1x Short VIX Futures ETF | 55.96% | 195.06M | Mar 2022 | UVIX vs SVIX |
Lowest Drawdown Alternatives to UVIX
UVIX has a 1-year max drawdown of -84.53%. There are 8 ETFs in the Volatility category with shallower 1-year drawdowns, going as shallow as -11.42%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | -11.42% | 523.04M | May 2021 | UVIX vs SVOL | |
| Volatility Premium Plus ETF | -16.46% | 14.02M | Apr 2023 | UVIX vs ZVOL | |
| ProShares VIX Mid-Term Futures ETF | -19.36% | 41.03M | Jan 2011 | UVIX vs VIXM | |
| ProShares Short VIX Short-Term Futures ETF | -22.94% | 201.45M | Oct 2011 | UVIX vs SVXY | |
| -1x Short VIX Futures ETF | -42.69% | 195.06M | Mar 2022 | UVIX vs SVIX |
Other ETFs from Volatility Shares
The 6 most viewed Volatility Shares ETFs shown here include BITX, ETHU, SOLZ and span 3 categories. AUM among these funds goes as high as $906M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| 2x Bitcoin Strategy ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -56.44% | 906.19M | Jun 2023 | UVIX vs BITX | |
| Volatility Shares 2x Ether ETF | Leveraged Cryptocurrency, Cryptocurrency | 3 | -71.31% | 740.23M | Jun 2024 | UVIX vs ETHU | |
| Solana ETF | Cryptocurrency | 3 | -41.22% | 92.03M | Mar 2025 | UVIX vs SOLZ | |
| Volatility Shares 2x XRP ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -76.84% | — | May 2025 | UVIX vs XRPT | |
| 2x Solana ETF | Blockchain | 3 | -74.81% | 124.67M | Mar 2025 | UVIX vs SOLT | |
| Volatility Shares XRP ETF | Cryptocurrency | 1 | -43.35% | 92.72M | May 2025 | UVIX vs XRPI |
Often Compared With UVIX
Investors most often compare UVIX with UVXY, ^VIX, SQQQ. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare UVIX with Any Fund or Stock
Compare UVIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair UVIX with funds that move differently
2x Long VIX Futures ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UVIX.
Explore UVIX Diversifiers