{"url":"https://etfiq.com/alternatives/volatility/","section":"alternatives","title":"Volatility ETFs: VIX futures tracking and roll cost | ETFIQ","description":"9 VIX-linked ETFs and ETNs, each against the VIX futures index it names, rebuilt by ETFIQ from Cboe settlements, with the roll cost to Oct 9, 2026.","as_of":"Oct 9, 2026","structured_data":[{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Alternatives","item":"https://etfiq.com/alternatives/"},{"@type":"ListItem","position":3,"name":"Volatility","item":"https://etfiq.com/alternatives/volatility/"}]},{"@type":"WebPage","name":"Volatility ETFs: VIX futures tracking and roll cost","description":"9 VIX-linked ETFs and ETNs, each against the VIX futures index it names, rebuilt by ETFIQ from Cboe settlements, with the roll cost to Oct 9, 2026.","url":"https://etfiq.com/alternatives/volatility/","dateModified":"2026-10-09","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":7457,"truncated":false,"content":"ETFIQ / Alternatives / Volatility \n \n Rebuilt every trading night. Figures as of Oct 9, 2026 .\n Volatility ETFs and ETNs, against the VIX futures they track\n Every strategy Hedged equity 24 Managed futures 23 Long-short equity 11 Volatility 9 Multi-strategy 7 Event driven 5 Market neutral 4 As of Oct 9, 2026, ETFIQ measures 9 funds linked to the Cboe VIX index through its futures. On Oct 8, 2026 the front two VIX futures settled at 17.62 and 18.01, a contango of 2.2%, and rolling the short-term futures cost 47.4% over the year to Oct 8, 2026. Each fund is measured against the index its own filing names, rebuilt by ETFIQ from Cboe VIX futures settlements, and against spot VIX, which is what most holders expect it to follow.\n Browse by strategy\n Hedged equity 24 Managed futures 23 Long-short equity 11 Volatility 9 Multi-strategy 7 Event driven 5 Market neutral 4 Long VIX futures\n Holds VIX futures long at one times, so it rises when expected volatility rises and pays the roll cost when the futures curve slopes up.\n 4 long VIX futures funds over the year to Oct 9, 2026, largest first. Its index is the one its own filing names, rebuilt by ETFIQ from Cboe VIX futures settlements, at its daily multiple. Source: Tiingo end-of-day prices, Cboe VIX futures settlements and VIX index closes; ETFIQ calculation. Ticker Fund Issuer Tracks Multiple Total return 1Y Index, rebuilt 1Y Difference 1Y, pts Spot VIX 1Y Net assets \n VIXY ProShares VIX Short-Term Futures ETF ProShares Short-term, total return +1x \u221248.9% \u221247.6% \u22121.3 pts \u22125.5% $221m \n VIXM ProShares VIX Mid-Term Futures ETF ProShares Mid-term, total return +1x \u221219.7% \u221218.6% \u22121.1 pts \u22125.5% $49m \n VXX iPath Series B S&P 500 VIX Short-Term Futures iPath Short-term, total return +1x \u221248.1% \u221247.6% \u22120.5 pts \u22125.5% not read by ETFIQ \n VXZ iPath Series B S&P 500 VIX Mid-Term Futures ET iPath Mid-term, total return +1x \u221219.2% \u221218.6% \u22120.7 pts \u22125.5% not read by ETFIQ \n\n Inverse and short VIX futures\n Holds VIX futures short, so it gains when expected volatility falls and collects the roll when the curve slopes up.\n 2 inverse and short VIX futures funds over the year to Oct 9, 2026, largest first. Its index is the one its own filing names, rebuilt by ETFIQ from Cboe VIX futures settlements, at its daily multiple. Source: Tiingo end-of-day prices, Cboe VIX futures settlements and VIX index closes; ETFIQ calculation. Ticker Fund Issuer Tracks Multiple Total return 1Y Index, rebuilt 1Y Difference 1Y, pts Spot VIX 1Y Net assets \n SVXY ProShares Short VIX Short-Term Futures ETF ProShares Short-term, total return \u22120.5x +26.4% +22.2% +4.2 pts \u22125.5% $258m \n VYLD Inverse VIX Short-Term Futures ETNs due March JPMorgan Short-term, points \u22121x +15.8% +12.4% +3.3 pts \u22125.5% not read by ETFIQ \n\n Leveraged VIX futures\n Seeks a multiple above one of a VIX futures index each day, which compounds both its moves and its roll cost.\n 1 leveraged VIX futures funds over the year to Oct 9, 2026, largest first. Its index is the one its own filing names, rebuilt by ETFIQ from Cboe VIX futures settlements, at its daily multiple. Source: Tiingo end-of-day prices, Cboe VIX futures settlements and VIX index closes; ETFIQ calculation. Ticker Fund Issuer Tracks Multiple Total return 1Y Index, rebuilt 1Y Difference 1Y, pts Spot VIX 1Y Net assets \n UVXY ProShares Ultra VIX Short-Term Futures ETF ProShares Short-term, total return +1.5x \u221268.2% \u221266.5% \u22121.7 pts \u22125.5% $249m \n\n Volatility income\n Sells volatility, through short VIX futures or options, and pays out what it collects; it loses when the VIX spikes.\n 2 volatility income funds over the year to Oct 9, 2026, largest first. Paid out is the cash distributed as a share of the starting price. Source: Tiingo end-of-day prices, Cboe VIX index closes; ETFIQ calculation. Ticker Fund Issuer Paid out 1Y, % Price 1Y Total return 1Y Spot VIX 1Y Net assets \n SVOL Simplify Volatility Premium ETF Simplify 19.1% \u22127.8% +13.6% \u22125.5% $525m \n ZVOL Volatility Premium Plus ETF Volatility Shares 49.3% \u221234.0% +24.9% \u22125.5% $20m \n\n What holding the futures cost\n Every one of these funds holds VIX futures that expire, so it sells the expiring month and buys a later one. When later months cost more, which is contango and the usual state, each roll costs money even if the VIX stands still. The roll is what the index returned set against what a future of the index\u2019s own maturity did over the same days. A fund short these futures collects it instead.\n The two VIX futures indices the funds name, rebuilt by ETFIQ from Cboe VIX futures settlements, to Oct 8, 2026. The roll is the index\u2019s return over the constant-maturity futures price\u2019s, less one; below zero it cost a long holder. The levels are open data at /data/vix-futures.json. Futures held Index the funds name Contango, front two months Roll 1 month Roll 3 months Roll 1 year \n Mid-term VIX futures S&P 500 VIX Mid-Term Futures Index +2.2% on Oct 8, 2026 \u22121.7% \u22126.8% \u221215.8% \n Short-term VIX futures S&P 500 VIX Short-Term Futures Index +2.2% on Oct 8, 2026 \u22124.5% \u221219.4% \u221247.4% \n\n Browse VIX funds in Leverage\n UVIX SVIX These seek a multiple of a VIX futures index each day and are measured in Leverage against that multiple, so they are listed there rather than here.\n Against the S&P 500\n The measures every alternatives fund is held to: how closely its weekly returns moved with the S&P 500 over the last year, and what it did in the weeks the index fell.\n 9 volatility funds with a full year of weekly prices to Oct 9, 2026, in ticker order. They carry no Diversifier Score, which is computed over the other strategies. Source: weekly closes from Tiingo, ETFIQ calculation. Ticker Fund Issuer Strategy Correlation Beta Down-week capture, % Against T-bills, pts Net assets \n SVOL Simplify Volatility Premium ETF Simplify Volatility +0.74 +0.66 77.5 +15.8 $525m \n SVXY ProShares Short VIX Short-Term Futures ETF ProShares Volatility +0.75 +1.37 134.7 +32.5 $258m \n UVXY ProShares Ultra VIX Short-Term Futures ETF ProShares Volatility \u22120.72 \u22123.93 \u2212353.4 \u221277.5 $249m \n VIXM ProShares VIX Mid-Term Futures ETF ProShares Volatility \u22120.64 \u22120.82 \u221266.6 \u221225.7 $49m \n VIXY ProShares VIX Short-Term Futures ETF ProShares Volatility \u22120.72 \u22122.62 \u2212241.3 \u221258.9 $221m \n VXX iPath Series B S&P 500 VIX Short-Term Futures iPath Volatility \u22120.72 \u22122.60 \u2212244.7 \u221258.3 not read by ETFIQ \n VXZ iPath Series B S&P 500 VIX Mid-Term Futures ET iPath Volatility \u22120.65 \u22120.82 \u221265.0 \u221225.3 not read by ETFIQ \n VYLD Inverse VIX Short-Term Futures ETNs due March JPMorgan Volatility +0.74 +0.58 48.2 +15.2 not read by ETFIQ \n ZVOL Volatility Premium Plus ETF Volatility Shares Volatility +0.65 +0.85 65.5 +24.6 $20m \n\n Where to next\n Every alternatives ETF Leveraged ETFs The rebuilt VIX futures indices How these figures are computed \n Cite this page. ETFIQ, Volatility ETFs: VIX futures tracking and roll cost, data as of Oct 9, 2026. https://etfiq.com/alternatives/volatility/ Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, Volatility ETFs: VIX futures tracking and roll cost, data as of Oct 9, 2026. https://etfiq.com/alternatives/volatility/ APA ETFIQ. (Oct 9, 2026). Volatility ETFs: VIX futures tracking and roll cost. Retrieved from https://etfiq.com/alternatives/volatility/ Markdown [Volatility ETFs: VIX futures tracking and roll cost (ETFIQ, Oct 9, 2026)](https://etfiq.com/alternatives/volatility/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, Volatility ETFs: VIX futures tracking and roll cost, data as of Oct 9, 2026. https://etfiq.com/alternatives/volatility/"}