ProShares VIX Short-Term Futures ETF (VIXY) 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 VIXY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to VIXY
VIXY charges 0.85% annually. There are 2 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% | 547.01M | May 2021 | VIXY vs SVOL | |
| Dynamic Shares Trust - Dynamic Short Short-Term Vo... | 0.50% | 6.57M | Jan 2022 | VIXY vs WEIX | |
| ProShares VIX Mid-Term Futures ETF | 0.85% | 43.28M | Jan 2011 | VIXY vs VIXM | |
| iPath Series B S&P 500 VIX Short-Term Futures ETN | 0.89% | 494.92M | Jan 2018 | VIXY vs VXX | |
| ProShares Ultra VIX Short-Term Futures ETF | 0.95% | 265.17M | Oct 2011 | VIXY vs UVXY |
Best Risk-Adjusted Alternatives to VIXY
VIXY has a PortfoliosLab risk / return rank of 1. There are 8 ETFs in the Volatility category with higher risk-adjusted ranks, going as high as 34.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short VIX Short-Term Futures ETF | 34 | 249.76M | Oct 2011 | VIXY vs SVXY | |
| -1x Short VIX Futures ETF | 29 | 215.09M | Mar 2022 | VIXY vs SVIX | |
| Simplify Volatility Premium ETF | 27 | 547.01M | May 2021 | VIXY vs SVOL | |
| Volatility Premium Plus ETF | 23 | 14.96M | Apr 2023 | VIXY vs ZVOL | |
| ProShares VIX Mid-Term Futures ETF | 3 | 43.28M | Jan 2011 | VIXY vs VIXM |
Top Performing VIXY Alternatives (YTD)
VIXY is at -10.37% YTD. There are 6 ETFs in the Volatility category with higher YTD returns, going as high as 1.12%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Volatility Premium Plus ETF | 1.12% | 14.96M | Apr 2023 | VIXY vs ZVOL | |
| Simplify Volatility Premium ETF | -0.40% | 547.01M | May 2021 | VIXY vs SVOL | |
| ProShares Short VIX Short-Term Futures ETF | -0.69% | 249.76M | Oct 2011 | VIXY vs SVXY | |
| ProShares VIX Mid-Term Futures ETF | -1.77% | 43.28M | Jan 2011 | VIXY vs VIXM | |
| -1x Short VIX Futures ETF | -8.30% | 215.09M | Mar 2022 | VIXY vs SVIX |
Lowest Volatility Alternatives to VIXY
VIXY has 56.44% 1-year volatility. There are 6 ETFs in the Volatility category with lower 1-year volatility, going as low as 18.66%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Volatility Premium Plus ETF | 18.66% | 14.96M | Apr 2023 | VIXY vs ZVOL | |
| ProShares VIX Mid-Term Futures ETF | 18.70% | 43.28M | Jan 2011 | VIXY vs VIXM | |
| Simplify Volatility Premium ETF | 20.52% | 547.01M | May 2021 | VIXY vs SVOL | |
| ProShares Short VIX Short-Term Futures ETF | 28.95% | 249.76M | Oct 2011 | VIXY vs SVXY | |
| -1x Short VIX Futures ETF | 55.33% | 215.09M | Mar 2022 | VIXY vs SVIX |
Lowest Drawdown Alternatives to VIXY
VIXY has a 1-year max drawdown of -54.55%. There are 6 ETFs in the Volatility category with shallower 1-year drawdowns, going as shallow as -13.01%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | -13.01% | 547.01M | May 2021 | VIXY vs SVOL | |
| ProShares VIX Mid-Term Futures ETF | -15.53% | 43.28M | Jan 2011 | VIXY vs VIXM | |
| Volatility Premium Plus ETF | -16.46% | 14.96M | Apr 2023 | VIXY vs ZVOL | |
| ProShares Short VIX Short-Term Futures ETF | -22.94% | 249.76M | Oct 2011 | VIXY vs SVXY | |
| -1x Short VIX Futures ETF | -42.69% | 215.09M | Mar 2022 | VIXY vs SVIX |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, QLD and span 10 categories. AUM among these funds goes as high as $40B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 53 | 41.43% | 39.74B | Feb 2010 | VIXY vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -29.93% | 1.42B | Oct 2021 | VIXY vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 53 | 29.58% | 14.59B | Jun 2006 | VIXY vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 49 | 17.21% | 5.36B | Jun 2009 | VIXY vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 50 | 12.95% | 8.02B | Jun 2006 | VIXY vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 29 | 6.48% | 11.27B | Oct 2013 | VIXY vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 82 | 84.65% | 3.28B | Jan 2007 | VIXY vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -40.31% | 1.83B | Feb 2010 | VIXY vs SQQQ | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -58.07% | 340.85M | Apr 2024 | VIXY vs BITU | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 56 | 13.69% | 426.74M | Mar 2024 | VIXY vs IQQQ |
Often Compared With VIXY
Investors most often compare VIXY with SPY, ^VVIX, VOO. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.
Compare VIXY with Any Fund or Stock
Compare VIXY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair VIXY with funds that move differently
ProShares VIX Short-Term Futures ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to VIXY.
Explore VIXY Diversifiers