{"url":"https://etfiq.com/compare/leverage/svix-vs-uvix","section":"compare","title":"SVIX vs UVIX: which held to its multiple? | ETFIQ","description":"SVIX sets out to return -1 times VIXY each day and UVIX +2 times. Over the three months to Sep 30, 2026 they finished +0.4 pts and +1.6 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, SVIX or UVIX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, SVIX finished 0.4 points from what its multiple implies and UVIX finished 1.6 points from its own, so SVIX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SVIX and UVIX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on ProShares VIX Short-Term Futures ETF, SVIX at -1 times and UVIX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SVIX or UVIX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SVIX\u2019s moved at 37% annualized and UVIX\u2019s at 37%, so SVIX has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SVIX or UVIX for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"SVIX vs UVIX","item":"https://etfiq.com/compare/leverage/svix-vs-uvix"}]},{"@type":"WebPage","name":"SVIX vs UVIX: which held to its multiple?","description":"SVIX sets out to return -1 times VIXY each day and UVIX +2 times. Over the three months to Sep 30, 2026 they finished +0.4 pts and +1.6 pts away.","url":"https://etfiq.com/compare/leverage/svix-vs-uvix","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, SVIX finished 0.9 points short and UVIX 0.8 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of SVIX and UVIX","description":"SVIX sets out to return -1 times VIXY each day and UVIX +2 times. Over the three months to Sep 30, 2026 they finished +0.4 pts and +1.6 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/svix-vs-uvix","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6781,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / SVIX vs UVIX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n SVIX vs UVIX: which held to its multiple?\n\n Over three months against its own daily promise, SVIX finished 0.9 points short and UVIX 0.8 points short.\n Copy this for sharing \n \n -1x Short VIX Futures ETF and 2x Long VIX Futures ETF.\n\n Download as PDF \n\n +21.7% SVIX returned, 3 months \n \u221241.0% UVIX returned, 3 months \n +0.4 pts SVIX from its stated multiple \n +1.6 pts UVIX from its stated multiple \n\n ETFIQ Decay Resistance Score: UVIX scores higher\n Did it keep up with it","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/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/svix-vs-uvix","a":{"ticker":"SVIX","name":"-1x Short VIX Futures ETF","issuer":"Volatility Shares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SVIX returned +21.7% where its own daily promise gave +22.6%, 0.9 points short.","url":"https://etfiq.com/funds/svix","key_facts":[{"label":"What VIXY did","value":"\u221221.3%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"+22.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+21.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22120.9 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$138m","as_of":"2026-09-30","source":"issuer page, as of Sep 15, 2026"},{"label":"Expense ratio","value":"not read by ETFIQ","as_of":"2026-09-30","source":null}]},"b":{"ticker":"UVIX","name":"2x Long VIX Futures ETF","issuer":"Volatility Shares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: UVIX returned \u221241.0% where its own daily promise gave \u221240.2%, 0.8 points short.","url":"https://etfiq.com/funds/uvix","key_facts":[{"label":"What VIXY did","value":"\u221221.3%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221240.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221241.0%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22120.8 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$173m","as_of":"2026-09-30","source":"issuer page, as of Sep 15, 2026"},{"label":"Expense ratio","value":"not read by ETFIQ","as_of":"2026-09-30","source":null}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/svix-vs-uvix"}