# SVIX (-1x Short VIX Futures ETF)

Volatility Shares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: SVIX returned +21.7% where its own daily promise gave +22.6%, 0.9 points short.

## Key facts

- SVIX, what VIXY did: −21.3%, as of Sep 30, 2026.
- SVIX, what −1 times a day gives: +22.6%, as of Sep 30, 2026.
- SVIX, what the fund returned: +21.7%, as of Sep 30, 2026.
- SVIX, the fund itself cost: −0.9 pts, as of Sep 30, 2026.
- SVIX, net assets: $138m (issuer page, as of Sep 15, 2026).
- SVIX, expense ratio: not read by ETFIQ, as of Sep 30, 2026.

## SVIX over each window to Sep 30, 2026

| Window | Fund | VIXY | -1x the move | Difference | VIXY moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +1.2% | −2.0% | +2.0% | −0.7 pts | 34% |
| 3 months | +21.7% | −21.3% | +21.3% | +0.4 pts | 37% |
| 6 months | +79.0% | −49.5% | +49.5% | +29.5 pts | 42% |
| 1 year | +34.4% | −47.5% | +47.5% | −13.2 pts | 56% |
| 3 years | +3.0% | −81.8% | +81.8% | −78.8 pts | 71% |
| Since launch | +94.3% | −94.6% | +94.6% | −0.4 pts | 67% |

## 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 | -1.02 times, against -1 stated | ETFIQ |
| Underlying | VIXY | ETFIQ |
| Segment | asset class, volatility | ETFIQ |
| Net assets | $138m | issuer page, as of Sep 15, 2026 |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Mar 30, 2022 | ETFIQ |
| Underlying volatility over the window | 37% annualized | ETFIQ |

## Questions

### Did SVIX return -1 times VIXY?

Over the window to Sep 30, 2026, VIXY moved −21.3% and SVIX returned +21.7%. −1 times that move is +21.3%, so the fund came out 0.4 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 30, 2026. https://etfiq.com/funds/svix
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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