UVIX vs. WEIX

Last updated Jun 25, 2026

UVIX (2x Long VIX Futures ETF) and WEIX (Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF) are both Volatility funds. UVIX is passively managed, while WEIX is actively managed. UVIX charges 2.78%/yr vs 0.50%/yr for WEIX.

Performance

UVIX vs. WEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 2x Long VIX Futures ETF (UVIX) and Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF (WEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UVIX

• 1D: -1.38%
• 1M: -22.34%
• YTD: -37.30%
• 6M: -39.53%
• 1Y: -84.89%
• 3Y*: -80.89%
• 5Y*: —
• 10Y*: —

WEIX

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UVIX vs. WEIX - Yearly Performance Comparison

	2026 (YTD)
UVIX 2x Long VIX Futures ETF	-46.17%
WEIX Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF	0.00%

Return for Risk

UVIX vs. WEIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UVIX

UVIX Risk / Return Rank: 2
UVIX Sharpe Ratio Rank: 3
UVIX Sortino Ratio Rank: 1
UVIX Omega Ratio Rank: 1
UVIX Calmar Ratio Rank: 0
UVIX Martin Ratio Rank: 2

WEIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

UVIX vs. WEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 2x Long VIX Futures ETF (UVIX) and Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF (WEIX). 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.

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.

	UVIX	WEIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.76	—	—
Sortino ratio: Return per unit of downside risk	-1.61	—	—
Omega ratio: Gain probability vs. loss probability	0.82	—	—
Calmar ratio: Return relative to maximum drawdown	-0.99	—	—
Martin ratio: Return relative to average drawdown	-1.35	—	—

Drawdowns

UVIX vs. WEIX - Drawdown Comparison

The maximum UVIX drawdown since its inception was -99.98%, which is greater than WEIX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for UVIX and WEIX.

Drawdown Indicators

	UVIX	WEIX	Difference
Max Drawdown Largest peak-to-trough decline	-99.98%	0.00%	-99.98%
Max Drawdown (1Y) Largest decline over 1 year	-85.79%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-99.36%	—	—
Current Drawdown Current decline from peak	-99.97%	0.00%	-99.97%
Average Drawdown Average peak-to-trough decline	-88.59%	0.00%	-88.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	63.76%	—	—

Volatility

Volatility by Period

	UVIX	WEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.83%	—	—
Volatility (6M) Calculated over the trailing 6-month period	87.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	112.71%	0.00%	+112.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	136.06%	0.00%	+136.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	136.06%	0.00%	+136.06%

UVIX vs. WEIX - Expense Ratio Comparison

UVIX has a 2.78% expense ratio, which is higher than WEIX's 0.50% expense ratio.

Dividends

UVIX vs. WEIX - Dividend Comparison

Neither UVIX nor WEIX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, UVIX or WEIX?

On fees, WEIX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UVIX or WEIX?

WEIX is cheaper with a 0.50% expense ratio, compared with 2.78% for UVIX.

Which ETF pays a higher dividend yield, UVIX or WEIX?

UVIX and WEIX have nearly identical dividend yields, around 0.00%.

What is the main difference between UVIX and WEIX?

They also come from different issuers: Volatility Shares and Dynamic Shares Trust. Their fees differ too: 2.78% for UVIX and 0.50% for WEIX.