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ProShares VIX Mid-Term Futures ETF (VIXM)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US74347W3381

CUSIP

74347W338

Issuer

ProShares

Inception Date

Jan 4, 2011

Region

North America (U.S.)

Category

Volatility

Leveraged

1x

Index Tracked

S&P 500 VIX Mid-Term Futures Index

Asset Class

Volatility

Expense Ratio

VIXM has an expense ratio of 0.85%, placing it in the medium range.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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S&P 500

Returns By Period

ProShares VIX Mid-Term Futures ETF (VIXM) returned 13.00% year-to-date (YTD) and 17.72% over the past 12 months. Over the past 10 years, VIXM returned -11.25% annually, underperforming the S&P 500 benchmark at 10.82%.


VIXM

YTD

13.00%

1M

-13.04%

6M

15.48%

1Y

17.72%

3Y*

-22.84%

5Y*

-16.39%

10Y*

-11.25%

^GSPC (Benchmark)

YTD

1.00%

1M

12.45%

6M

0.40%

1Y

11.91%

3Y*

15.05%

5Y*

15.04%

10Y*

10.82%

*Annualized

Monthly Returns

The table below presents the monthly returns of VIXM, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.38%3.07%4.90%13.88%-9.47%13.00%
2024-3.82%-3.29%1.73%-3.03%-9.56%3.09%0.49%0.14%4.79%3.24%-11.92%5.24%-13.67%
2023-17.23%3.10%3.51%-0.15%-6.72%-18.01%-5.42%-1.45%1.68%4.89%-15.47%-2.67%-44.83%
2022-0.13%5.11%-1.84%11.40%-2.14%3.03%-8.68%3.34%6.32%-6.68%-6.67%-1.81%-0.69%
202115.94%-2.94%-15.11%-2.57%-5.94%-4.95%3.77%-3.60%5.76%-5.88%7.99%-6.91%-16.70%
2020-0.66%11.58%62.89%1.35%1.54%1.72%-1.39%1.06%1.45%1.30%-13.08%2.46%72.38%
2019-12.23%-8.39%0.42%-1.90%8.03%-5.46%0.28%8.81%0.30%-3.55%-3.15%-3.71%-20.38%
20181.23%15.83%6.65%-6.58%-6.72%-0.13%-5.73%-1.84%-2.91%20.40%-4.42%12.35%26.43%
2017-12.47%-4.13%-10.08%-6.04%-2.03%-6.73%-7.66%3.79%-4.26%-8.14%1.27%-9.67%-50.05%
20168.89%5.15%-14.48%3.67%-6.22%2.20%-9.16%-0.71%-3.57%-1.82%-4.84%-0.82%-21.58%
20157.62%-11.45%0.33%-4.85%-6.07%-0.53%-6.90%25.47%-0.00%-15.10%-0.00%0.24%-15.50%
20143.78%-3.90%-3.85%-3.41%-4.14%-9.69%0.39%-3.28%6.32%-2.32%-2.98%5.53%-17.20%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of VIXM is 42, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of VIXM is 4242
Overall Rank
The Sharpe Ratio Rank of VIXM is 3939
Sharpe Ratio Rank
The Sortino Ratio Rank of VIXM is 5555
Sortino Ratio Rank
The Omega Ratio Rank of VIXM is 5656
Omega Ratio Rank
The Calmar Ratio Rank of VIXM is 2727
Calmar Ratio Rank
The Martin Ratio Rank of VIXM is 3030
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for ProShares VIX Mid-Term Futures ETF (VIXM) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

ProShares VIX Mid-Term Futures ETF Sharpe ratios as of May 21, 2025 (values are recalculated daily):

  • 1-Year: 0.39
  • 5-Year: -0.50
  • 10-Year: -0.33
  • All Time: -0.56

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of ProShares VIX Mid-Term Futures ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History


ProShares VIX Mid-Term Futures ETF doesn't pay dividends

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 VIX Mid-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 VIX Mid-Term Futures ETF was 96.23%, occurring on Nov 29, 2024. The portfolio has not yet recovered.

The current ProShares VIX Mid-Term Futures ETF drawdown is 95.51%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-96.23%Oct 4, 20113310Nov 29, 2024
-27.67%Jan 5, 2011127Jul 7, 201145Sep 9, 2011172
-3.37%Sep 14, 20112Sep 15, 20115Sep 22, 20117
-2.88%Sep 23, 20113Sep 27, 20111Sep 28, 20114
-0.75%Sep 29, 20111Sep 29, 20111Sep 30, 20112

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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