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
| ISIN | US74347W1484 |
|---|---|
| CUSIP | 74347Y839 |
| Issuer | ProShares |
| Inception Date | Oct 3, 2011 |
| Region | North America (U.S.) |
| Category | Leveraged, Volatility |
| Leveraged | 1.5x |
| Index Tracked | S&P 500 VIX SHORT-TERM FUTURES TR (150%) |
| Asset Class | Volatility |
Expense Ratio
UVXY has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: UVXY vs. VXX, UVXY vs. SVXY, UVXY vs. VIXY, UVXY vs. SQQQ, UVXY vs. UVIX, UVXY vs. SPY, UVXY vs. SPXS, UVXY vs. VIXM, UVXY vs. QID, UVXY vs. TQQQ
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProShares Ultra VIX Short-Term Futures ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ProShares Ultra VIX Short-Term Futures ETF had a return of -50.88% year-to-date (YTD) and -66.02% in the last 12 months. Over the past 10 years, ProShares Ultra VIX Short-Term Futures ETF had an annualized return of -66.07%, while the S&P 500 had an annualized return of 11.39%, indicating that ProShares Ultra VIX Short-Term Futures ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -50.88% | 25.45% |
| 1 month | -26.46% | 2.91% |
| 6 months | -24.37% | 14.05% |
| 1 year | -66.02% | 35.64% |
| 5 years (annualized) | -70.18% | 14.13% |
| 10 years (annualized) | -66.07% | 11.39% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -4.86% | -15.82% | -6.51% | 5.28% | -22.45% | -8.76% | 7.14% | -13.44% | 14.20% | 24.11% | -50.88% | ||
| 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% |
| 2013 | 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 2, indicating that it is in the bottom 2% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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.
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.
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 Nov 12, 2024. 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 | 2017 | Nov 12, 2024 | — | — | — |
| -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 current ProShares Ultra VIX Short-Term Futures ETF volatility is 27.28%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.