UVIX vs. WEIX

Last updated Apr 1, 2026

Compare and contrast key facts about Volatility Shares 2x Long VIX Futures ETF (UVIX) and Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF (WEIX).

UVIX and WEIX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UVIX is a passively managed fund by Volatility Shares that tracks the performance of the Long VIX Futures Index – Benchmark TR Gross (200%). It was launched on Mar 28, 2022. WEIX is an actively managed fund by Dynamic Shares Trust. It was launched on Jan 13, 2022.

Performance

UVIX vs. WEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Volatility Shares 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.

UVIX vs. WEIX - Yearly Performance Comparison

	2026 (YTD)
UVIX Volatility Shares 2x Long VIX Futures ETF	47.78%
WEIX Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF	0.00%

Returns By Period

UVIX

• 1D: -18.99%
• 1M: 37.90%
• YTD: 51.66%
• 6M: -12.79%
• 1Y: -76.74%
• 3Y*: -82.44%
• 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 - Expense Ratio Comparison

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

UVIX

Volatility Shares 2x Long VIX Futures ETF

WEIX

Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF

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: 4
UVIX Sharpe Ratio Rank: 4
UVIX Sortino Ratio Rank: 6
UVIX Omega Ratio Rank: 6
UVIX Calmar Ratio Rank: 1
UVIX Martin Ratio Rank: 5

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 Volatility Shares 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.

	UVIX	WEIX	Difference
Sharpe ratio Return per unit of total volatility	-0.51	—	—
Sortino ratio Return per unit of downside risk	-0.36	—	—
Omega ratio Gain probability vs. loss probability	0.95	—	—
Calmar ratio Return relative to maximum drawdown	-0.82	—	—
Martin ratio Return relative to average drawdown	-0.93	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	UVIX	WEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.59	—	—

Dividends

UVIX vs. WEIX - Dividend Comparison

Neither UVIX nor WEIX has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

UVIX vs. WEIX - Drawdown Comparison

The maximum UVIX drawdown since its inception was -99.96%, 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	-99.96%	0.00%	-99.96%
Max Drawdown (1Y) Largest decline over 1 year	-94.23%	—	—
Current Drawdown Current decline from peak	-99.93%	0.00%	-99.93%
Average Drawdown Average peak-to-trough decline	-88.02%	0.00%	-88.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	82.45%	—	—

Volatility

Volatility by Period

	UVIX	WEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	59.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	94.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	149.63%	0.00%	+149.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	138.22%	0.00%	+138.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	138.22%	0.00%	+138.22%