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BetaPro S&P 500 VIX Short-Term Futures ETF (VOLX.T...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

CUSIP
08664B402
Issuer
Horizons
Inception Date
Dec 15, 2010
Category
Volatility
Leveraged
1x (No leverage)
Index Tracked
S&P 500 VIX Short-Term Futures Index
Domicile
Canada
Distribution Policy
Accumulating
Asset Class
Volatility

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of CA$10,000 in BetaPro S&P 500 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.


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S&P 500 Index

Different Benchmark Currency

VOLX.TO is traded in CAD, while the ^GSPC benchmark is in USD. To make them comparable, the benchmark values have been converted to CAD using the latest available exchange rates.

Returns By Period

BetaPro S&P 500 VIX Short-Term Futures ETF (VOLX.TO) has returned 34.15% so far this year and -32.33% over the past 12 months. Over the last ten years, VOLX.TO has returned -45.93% per year, falling short of the S&P 500 Index benchmark, which averaged 12.91% annually.


BetaPro S&P 500 VIX Short-Term Futures ETF

1D
-8.87%
1M
23.74%
YTD
34.15%
6M
6.74%
1Y
-32.33%
3Y*
-42.29%
5Y*
-44.89%
10Y*
-45.93%

Benchmark (S&P 500 Index)

1D
2.80%
1M
-3.22%
YTD
-3.34%
6M
-2.48%
1Y
12.46%
3Y*
17.80%
5Y*
12.48%
10Y*
12.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Dec 21, 2010, VOLX.TO's average daily return is -0.10%, while the average monthly return is -3.60%.

Historically, 34% of months were positive and 66% were negative. The best month was Mar 2020 with a return of +102.6%, while the worst month was Nov 2020 at -35.2%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 9 months.

On a daily basis, VOLX.TO closed higher 40% of trading days. The best single day was Nov 26, 2025 with a return of +289.0%, while the worst single day was Nov 27, 2025 at -74.9%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20263.66%4.59%23.74%34.15%
2025-3.33%2.81%12.67%25.14%-16.83%-10.91%-11.77%-14.82%-9.02%2.09%-3.92%-18.88%-43.52%
2024-2.62%-10.50%-4.26%4.12%-14.79%-5.62%6.35%-3.29%11.71%15.45%-25.00%5.47%-26.70%
2023-19.58%1.73%-2.74%-15.65%-9.50%-27.36%-8.87%-5.27%8.18%0.73%-26.17%-10.16%-72.47%
202215.73%12.29%-15.43%25.24%-14.65%4.17%-19.71%0.12%17.65%-15.91%-15.45%-5.24%-22.03%
202125.62%-23.83%-28.39%-11.74%-13.25%-15.52%3.42%-15.76%9.14%-22.93%18.68%-26.60%-71.71%

Benchmark Metrics

BetaPro S&P 500 VIX Short-Term Futures ETF has an annualized alpha of 18.11%, beta of -3.05, and R² of 0.21 versus S&P 500 Index. Calculated based on daily prices since December 22, 2010.

  • This ETF tended to rise when S&P 500 Index fell (downside capture of -510.77%), but participation in market rallies was also limited (-177.56%) — a profile typical of counter-cyclical assets.
  • Beta of -3.05 may look defensive, but with R² of 0.21 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R² of 0.21 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
18.11%
Beta
-3.05
0.21
Upside Capture
-177.56%
Downside Capture
-510.77%

Expense Ratio

VOLX.TO has a high expense ratio of 1.18%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

VOLX.TO ranks 40 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.


VOLX.TO Risk / Return Rank: 4040
Overall Rank
VOLX.TO Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
VOLX.TO Sortino Ratio Rank: 8585
Sortino Ratio Rank
VOLX.TO Omega Ratio Rank: 9494
Omega Ratio Rank
VOLX.TO Calmar Ratio Rank: 66
Calmar Ratio Rank
VOLX.TO Martin Ratio Rank: 88
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for BetaPro S&P 500 VIX Short-Term Futures ETF (VOLX.TO) and compare them to a chosen benchmark (S&P 500 Index).


VOLX.TOBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

-0.11

0.69

-0.80

Sortino ratio

Return per unit of downside risk

2.31

1.06

+1.25

Omega ratio

Gain probability vs. loss probability

1.44

1.17

+0.28

Calmar ratio

Return relative to maximum drawdown

-0.40

1.14

-1.55

Martin ratio

Return relative to average drawdown

-0.54

4.22

-4.76

Explore VOLX.TO risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History


BetaPro S&P 500 VIX Short-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 BetaPro S&P 500 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 BetaPro S&P 500 VIX Short-Term Futures ETF was 100.00%, occurring on Jan 9, 2026. The portfolio has not yet recovered.

The current BetaPro S&P 500 VIX Short-Term Futures ETF drawdown is 100.00%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-100%Oct 4, 20113580Jan 9, 2026
-46.91%Dec 31, 2010130Jul 7, 201129Aug 18, 2011159
-11.9%Aug 23, 20115Aug 29, 20118Sep 9, 201113
-10.09%Sep 13, 20114Sep 16, 20114Sep 22, 20118
-4.58%Sep 23, 20113Sep 27, 20111Sep 28, 20114

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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