VIXY vs. WEIX

Last updated Aug 2, 2026

VIXY (ProShares VIX Short-Term Futures ETF) and WEIX (Dynamic Short Short-Term Volatility Futures ETF) are both Volatility funds. VIXY is passively managed, while WEIX is actively managed. VIXY charges 0.85%/yr vs 0.50%/yr for WEIX.

Performance

VIXY vs. WEIX - Performance Comparison

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

Returns By Period

VIXY

• 1D: -2.66%
• 1M: -3.39%
• 6M: -23.21%
• YTD: -20.01%
• 1Y: -54.18%
• 3Y*: -39.34%
• 5Y*: -47.11%
• 10Y*: -46.69%
• ALL TIME*: -48.52%

WEIX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VIXY ProShares VIX Short-Term Futures ETF	$61.09M	$56.74M	$72.28M

VIXY vs. WEIX - Yearly Performance Comparison

	2026 (YTD)
VIXY ProShares VIX Short-Term Futures ETF	-27.83%
WEIX Dynamic Short Short-Term Volatility Futures ETF	0.00%

Return for Risk

VIXY vs. WEIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VIXY

VIXY Risk / Return Rank: 2
VIXY Sharpe Ratio Rank: 2
VIXY Sortino Ratio Rank: 2
VIXY Omega Ratio Rank: 2
VIXY Calmar Ratio Rank: 1
VIXY 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) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VIXY vs. WEIX - Risk-Adjusted Trends Comparison

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

	VIXY	WEIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.88	—	—
Sortino ratio: Return per unit of downside risk	-1.35	—	—
Omega ratio: Gain probability vs. loss probability	0.85	—	—
Calmar ratio: Return relative to maximum drawdown	-0.92	—	—
Martin ratio: Return relative to average drawdown	-1.40	—	—

Drawdowns

Drawdown Indicators

	VIXY	WEIX	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-55.18%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-81.45%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-95.91%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.82%	—	—
Current Drawdown Current decline from peak	-100.00%	—	—
Average Drawdown Average peak-to-trough decline	-92.24%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	36.13%	—	—

Volatility

Volatility by Period

	VIXY	WEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	43.36%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	57.54%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.97%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.89%	—	—

VIXY vs. WEIX - Expense Ratio Comparison

VIXY has a 0.85% expense ratio, which is higher than WEIX's 0.50% expense ratio.

Dividends

VIXY vs. WEIX - Dividend Comparison

Neither VIXY nor WEIX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, VIXY 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, VIXY or WEIX?

WEIX is cheaper with a 0.50% expense ratio, compared with 0.85% for VIXY.

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

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

What is the main difference between VIXY and WEIX?

They also come from different issuers: ProShares and Dynamic Shares. Their fees differ too: 0.85% for VIXY and 0.50% for WEIX.