- ISIN
- US74347Y8545
- CUSIP
- 74347Y854
- Issuer
- ProShares
- Inception Date
- Jan 3, 2011
- Region
- North America (U.S.)
- Category
- Volatility
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P 500 VIX Short-Term Futures Index
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Volatility
- Assets Under Management
- $211M
Share Price Chart
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Performance
VIXY Performance Chart
ProShares VIX Short-Term Futures ETF (VIXY) is down 14.8% since the beginning of the year. VIXY is currently trading at $22 per share. Investors who bought $1,000 worth of VIXY shares 5 years ago would now be looking at an investment worth $44.
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Returns By Period
ProShares VIX Short-Term Futures ETF (VIXY) has returned -14.78% so far this year and -58.11% over the past 12 months. Over the last ten years, VIXY has returned -48.85% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
ProShares VIX Short-Term Futures ETF
- 1D
- -0.23%
- 1M
- -14.08%
- YTD
- -14.78%
- 6M
- -16.35%
- 1Y
- -58.11%
- 3Y*
- -40.97%
- 5Y*
- -46.43%
- 10Y*
- -48.85%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
VIXY Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2011, VIXY's average daily return is -0.17%, while the average monthly return is -3.89%.
Historically, 32% of months were positive and 68% were negative. The best month was Mar 2020 with a return of +101.3%, while the worst month was Nov 2020 at -35.3%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 9 months.
On a daily basis, VIXY closed higher 41% of trading days. The best single day was Aug 5, 2024 with a return of +43.1%, while the worst single day was Apr 9, 2025 at -20.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.17% | 4.31% | 23.30% | -20.76% | -14.44% | -6.18% | -14.78% | ||||||
| 2025 | -3.67% | 3.23% | 12.26% | 25.63% | -16.42% | -11.16% | -11.50% | -15.02% | -8.39% | 2.26% | -5.75% | -17.64% | -43.05% |
| 2024 | -2.77% | -10.54% | -3.93% | 4.48% | -15.51% | -5.16% | 5.53% | -3.93% | 11.36% | 16.73% | -26.59% | 7.22% | -27.43% |
| 2023 | -19.60% | 1.86% | -2.90% | -16.24% | -8.97% | -27.65% | -9.17% | -5.07% | 8.27% | 0.52% | -26.30% | -10.14% | -72.74% |
| 2022 | 15.23% | 12.41% | -15.67% | 24.50% | -15.22% | 4.35% | -20.22% | 0.21% | 17.20% | -16.43% | -15.61% | -5.64% | -24.98% |
| 2021 | 25.91% | -24.57% | -28.35% | -11.98% | -13.85% | -15.09% | 2.87% | -15.83% | 9.35% | -23.29% | 18.35% | -26.71% | -72.40% |
Benchmark Metrics
ProShares VIX Short-Term Futures ETF has an annualized alpha of -1.57%, beta of -3.20, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since January 04, 2011.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -754.70%), but participation in market rallies was also limited (-172.82%) - a profile typical of counter-cyclical assets.
- Beta of -3.20 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -1.57%
- Beta
- -3.20
- R²
- 0.62
- Upside Capture
- -172.82%
- Downside Capture
- -754.70%
Expense Ratio
VIXY has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
VIXY ranks 1 for risk / return — in the bottom 1% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares VIX Short-Term Futures ETF (VIXY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VIXY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.07 | ||
| Sortino ratioReturn per unit of downside risk | -4.54 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.37 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 2.78 | -3.79 |
| Martin ratioReturn relative to average drawdown | -1.47 | 12.44 | -13.91 |
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 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 VIX Short-Term Futures ETF was 100.00%, occurring on Jun 15, 2026. The portfolio has not yet recovered.
The current ProShares VIX Short-Term Futures ETF drawdown is 100.00%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -100.00%Jun 2026 | 14y 8mo | — | 14y 8moOct 2011 - now |
2011 bear market2011 | -47.05%Jul 2011 | 3mo 22d | 1mo 12d | 5mo 4dMar 2011 - Aug 2011 |
2011 bear market2011 | -24.07%Feb 2011 | 1mo 10d | 1mo | 2mo 10dJan 2011 - Mar 2011 |
2011 correction2011 | -12.28%Aug 2011 | 6d | 11d | 17dAug 2011 - Sep 2011 |
2011 correction2011 | -10.35%Sep 2011 | 3d | 6d | 9dSep 2011 - Sep 2011 |
Drawdown Indicators
| VIXY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -56.78% | -43.22% |
Max Drawdown (1Y)Largest decline over 1 year | -57.79% | -9.10% | -48.69% |
Max Drawdown (3Y)Largest decline over 3 years | -79.94% | -18.90% | -61.04% |
Max Drawdown (5Y)Largest decline over 5 years | -96.20% | -25.43% | -70.77% |
Max Drawdown (10Y)Largest decline over 10 years | -99.88% | -33.92% | -65.96% |
Current DrawdownCurrent decline from peak | -100.00% | -1.80% | -98.20% |
Average DrawdownAverage peak-to-trough decline | -92.19% | -10.71% | -81.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.39% | 2.03% | +38.36% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with VIXY
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