ProShares Ultra VIX Short-Term Futures ETF (UVXY)
UVXY, or the ProShares Ultra VIX Short-Term Futures ETF, is a passive exchange-traded fund (ETF) managed by ProShares. The fund tracks the investment results of the S&P 500 VIX Short-Term Futures TR Index, which measures the volatility of the S&P 500 stock market index. UVXY is designed to provide investors with exposure to the volatility of the stock market, which can be an attractive investment opportunity in times of market uncertainty.
The UVXY ETF was launched on October 3, 2011, and has a 0.95% expense ratio.
The fund uses leverage to amplify the underlying index's returns and aims to achieve returns that are 150% of the index's returns. This means that the fund's returns will be more volatile than the index's returns and that the fund's returns will be greater when the index's returns are positive and lower when the index's returns are negative.
ETF Info
US74347W1484
74347Y839
Oct 3, 2011
North America (U.S.)
1.5x
S&P 500 VIX SHORT-TERM FUTURES TR (150%)
Expense Ratio
UVXY has a high expense ratio of 0.95%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
ProShares Ultra VIX Short-Term Futures ETF (UVXY) returned 6.85% year-to-date (YTD) and -19.23% over the past 12 months. Over the past 10 years, UVXY returned -65.85% annually, underperforming the S&P 500 benchmark at 10.78%.
UVXY
6.85%
-33.57%
10.59%
-19.23%
-74.40%
-65.85%
^GSPC (Benchmark)
0.19%
9.00%
-1.55%
12.31%
15.59%
10.78%
Monthly Returns
The table below presents the monthly returns of UVXY, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -6.52% | 3.82% | 16.51% | 29.15% | -26.83% | 6.85% | |||||||
| 2024 | -4.86% | -15.82% | -6.51% | 5.28% | -22.45% | -8.76% | 7.14% | -13.44% | 14.20% | 24.11% | -37.62% | 7.36% | -50.90% |
| 2023 | -28.43% | 1.63% | -6.81% | -23.44% | -14.33% | -39.38% | -13.90% | -8.98% | 11.87% | -1.42% | -37.42% | -15.60% | -87.70% |
| 2022 | 22.45% | 15.24% | -23.26% | 35.74% | -24.25% | 4.99% | -28.97% | -0.87% | 25.61% | -23.66% | -23.34% | -8.78% | -44.81% |
| 2021 | 37.46% | -34.84% | -40.78% | -18.05% | -21.90% | -22.62% | 2.00% | -23.58% | 12.56% | -33.03% | 24.82% | -39.42% | -88.33% |
| 2020 | 9.39% | 62.55% | 155.50% | -28.40% | -19.94% | -2.38% | -23.56% | -9.58% | -12.05% | 8.33% | -48.33% | -4.48% | -17.38% |
| 2019 | -35.29% | -17.30% | -11.07% | -18.28% | 26.27% | -21.55% | -14.29% | 17.64% | -17.98% | -25.12% | -23.90% | -13.14% | -84.23% |
| 2018 | 13.12% | 48.23% | 8.24% | -18.62% | -17.04% | -1.36% | -22.45% | -12.12% | -12.49% | 63.67% | -13.28% | 56.48% | 60.10% |
| 2017 | -43.04% | -10.51% | -27.49% | -12.31% | -22.50% | -11.37% | -23.56% | -2.15% | -29.31% | -25.63% | -12.21% | -24.09% | -94.17% |
| 2016 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -0.75% | -16.12% | -0.36% | -36.11% | -17.45% | -56.25% |
| 2015 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2014 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of UVXY is 25, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProShares Ultra VIX Short-Term Futures ETF (UVXY) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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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 Ultra 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 Ultra VIX Short-Term Futures ETF was 100.00%, occurring on Feb 19, 2025. The portfolio has not yet recovered.
The current ProShares Ultra VIX Short-Term Futures ETF drawdown is 100.00%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -100% | Nov 7, 2016 | 2082 | Feb 19, 2025 | — | — | — |
| -33.85% | Sep 21, 2016 | 24 | Oct 24, 2016 | 8 | Nov 3, 2016 | 32 |
| -16% | Aug 29, 2016 | 7 | Sep 7, 2016 | 2 | Sep 9, 2016 | 9 |
| -3% | Sep 12, 2016 | 1 | Sep 12, 2016 | 1 | Sep 13, 2016 | 2 |
| -1.95% | Aug 18, 2016 | 1 | Aug 18, 2016 | 4 | Aug 24, 2016 | 5 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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