# SVIX (-1x Short VIX Futures ETF)

not established · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: SVIX returned +27.5% where its own daily promise gave +28.7%, 1.3 points short.

## Key facts

- SVIX, what VIXY did: −25.7%, as of Sep 11, 2026.
- SVIX, what −1 times a day gives: +28.7%, as of Sep 11, 2026.
- SVIX, what the fund returned: +27.5%, as of Sep 11, 2026.
- SVIX, the fund itself cost: −1.3 pts, as of Sep 11, 2026.
- SVIX, expense ratio: not read by ETFIQ, as of Sep 11, 2026.
- SVIX, underlying: VIXY, as of Sep 11, 2026.

## SVIX over each window to Sep 11, 2026

| Window | Fund | VIXY | -1x the move | Difference | VIXY moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +6.6% | −7.8% | +7.8% | −1.2 pts | 33% |
| 3 months | +27.5% | −25.7% | +25.7% | +1.8 pts | 42% |
| 6 months | +69.2% | −48.9% | +48.9% | +20.3 pts | 50% |
| 1 year | +33.0% | −47.1% | +47.1% | −14.2 pts | 56% |
| 3 years | −11.8% | −79.3% | +79.3% | −91.1 pts | 71% |
| Since launch | +90.1% | −94.5% | +94.5% | −4.4 pts | 68% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -1 times the daily move of VIXY, reset daily | ETFIQ |
| Multiple a holder actually got over the window | -1.07 times, against -1 stated | ETFIQ |
| Underlying | VIXY | ETFIQ |
| Segment | asset class, volatility | ETFIQ |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Mar 30, 2022 | ETFIQ |
| Underlying volatility over the window | 42% annualized | ETFIQ |

## Questions

### Did SVIX return -1 times VIXY?

Over the window to Sep 11, 2026, VIXY moved −25.7% and SVIX returned +27.5%. 1 times that move is +25.7%, so the fund came out 1.8 points ahead of it.

### Why does SVIX not return -1 times over a year?

Because it resets daily. SVIX aims at -1 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -1 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, SVIX, data as of Sep 11, 2026. https://etfiq.com/funds/SVIX
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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