UVXY vs. WEIX

Last updated Jun 24, 2026

UVXY (ProShares Ultra VIX Short-Term Futures ETF) and WEIX (Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF) are both Volatility funds. UVXY is passively managed, while WEIX is actively managed. UVXY charges 0.95%/yr vs 0.50%/yr for WEIX.

Performance

UVXY vs. WEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra VIX Short-Term Futures ETF (UVXY) 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

UVXY

• 1D: 8.28%
• 1M: -14.92%
• YTD: -22.07%
• 6M: -24.28%
• 1Y: -74.07%
• 3Y*: -61.96%
• 5Y*: -66.90%
• 10Y*: -73.85%

WEIX

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

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

UVXY vs. WEIX - Yearly Performance Comparison

	2026 (YTD)
UVXY ProShares Ultra VIX Short-Term Futures ETF	-31.81%
WEIX Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF	0.00%

Return for Risk

UVXY vs. WEIX — Risk / Return Rank

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

UVXY

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

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.

UVXY vs. WEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra VIX Short-Term Futures ETF (UVXY) 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.

	UVXY	WEIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.87	—	—
Sortino ratio: Return per unit of downside risk	-1.64	—	—
Omega ratio: Gain probability vs. loss probability	0.81	—	—
Calmar ratio: Return relative to maximum drawdown	-1.01	—	—
Martin ratio: Return relative to average drawdown	-1.45	—	—

Drawdowns

UVXY vs. WEIX - Drawdown Comparison

The maximum UVXY drawdown since its inception was -100.00%, which is greater than WEIX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for UVXY and WEIX.

Drawdown Indicators

	UVXY	WEIX	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	0.00%	-100.00%
Max Drawdown (1Y) Largest decline over 1 year	-73.51%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-94.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-99.71%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-100.00%	—	—
Current Drawdown Current decline from peak	-100.00%	0.00%	-100.00%
Average Drawdown Average peak-to-trough decline	-98.75%	0.00%	-98.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	55.34%	—	—

Volatility

Volatility by Period

	UVXY	WEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	66.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	85.46%	0.00%	+85.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	103.96%	0.00%	+103.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	112.39%	0.00%	+112.39%

UVXY vs. WEIX - Expense Ratio Comparison

UVXY has a 0.95% expense ratio, which is higher than WEIX's 0.50% expense ratio.

Dividends

UVXY vs. WEIX - Dividend Comparison

Neither UVXY nor WEIX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, UVXY 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, UVXY or WEIX?

WEIX is cheaper with a 0.50% expense ratio, compared with 0.95% for UVXY.

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

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

What is the main difference between UVXY and WEIX?

They also come from different issuers: ProShares and Dynamic Shares Trust. Their fees differ too: 0.95% for UVXY and 0.50% for WEIX.