SVIX vs. SEF
Compare and contrast key facts about Volatility Shares -1x Short VIX Futures ETF (SVIX) and ProShares Short Financials (SEF).
SVIX and SEF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SVIX is managed by Volatility Shares. It was launched on Mar 28, 2022. SEF is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Financials Index (-100%). It was launched on Jun 12, 2008.
Performance
SVIX vs. SEF - Performance Comparison
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SVIX vs. SEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SVIX Volatility Shares -1x Short VIX Futures ETF | -35.16% | -4.49% | -32.76% | 157.37% | -0.88% |
SEF ProShares Short Financials | 11.27% | -9.82% | -17.81% | -8.81% | 12.63% |
Returns By Period
In the year-to-date period, SVIX achieves a -35.16% return, which is significantly lower than SEF's 11.27% return.
SVIX
- 1D
- 9.17%
- 1M
- -25.51%
- YTD
- -35.16%
- 6M
- -26.52%
- 1Y
- -22.76%
- 3Y*
- -1.64%
- 5Y*
- —
- 10Y*
- —
SEF
- 1D
- -2.13%
- 1M
- 3.96%
- YTD
- 11.27%
- 6M
- 10.38%
- 1Y
- 2.76%
- 3Y*
- -10.01%
- 5Y*
- -6.70%
- 10Y*
- -11.67%
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SVIX vs. SEF - Expense Ratio Comparison
SVIX has a 1.47% expense ratio, which is higher than SEF's 0.95% expense ratio.
Return for Risk
SVIX vs. SEF — Risk / Return Rank
SVIX
SEF
SVIX vs. SEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares -1x Short VIX Futures ETF (SVIX) and ProShares Short Financials (SEF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SVIX | SEF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.31 | 0.14 | -0.45 |
Sortino ratioReturn per unit of downside risk | 0.05 | 0.36 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.05 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | -0.45 | 0.08 | -0.52 |
Martin ratioReturn relative to average drawdown | -1.03 | 0.11 | -1.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SVIX | SEF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | 0.14 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.37 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | -0.49 | +0.51 |
Correlation
The correlation between SVIX and SEF is -0.62. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
SVIX vs. SEF - Dividend Comparison
SVIX has not paid dividends to shareholders, while SEF's dividend yield for the trailing twelve months is around 3.27%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SVIX Volatility Shares -1x Short VIX Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SEF ProShares Short Financials | 3.27% | 4.33% | 5.72% | 4.43% | 0.39% | 0.00% | 0.12% | 1.25% | 0.41% |
Drawdowns
SVIX vs. SEF - Drawdown Comparison
The maximum SVIX drawdown since its inception was -79.30%, smaller than the maximum SEF drawdown of -96.51%. Use the drawdown chart below to compare losses from any high point for SVIX and SEF.
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Drawdown Indicators
| SVIX | SEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.30% | -96.51% | +17.21% |
Max Drawdown (1Y)Largest decline over 1 year | -49.47% | -20.21% | -29.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.62% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.66% | — |
Current DrawdownCurrent decline from peak | -69.03% | -96.00% | +26.97% |
Average DrawdownAverage peak-to-trough decline | -30.26% | -82.58% | +52.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.52% | 14.44% | +7.08% |
Volatility
SVIX vs. SEF - Volatility Comparison
Volatility Shares -1x Short VIX Futures ETF (SVIX) has a higher volatility of 29.79% compared to ProShares Short Financials (SEF) at 4.86%. This indicates that SVIX's price experiences larger fluctuations and is considered to be riskier than SEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SVIX | SEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.79% | 4.86% | +24.93% |
Volatility (6M)Calculated over the trailing 6-month period | 47.49% | 11.37% | +36.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.62% | 19.28% | +55.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.26% | 17.99% | +49.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.26% | 20.55% | +46.71% |