ETFIQetfiq.com · independent ETF data
SVXY ProShares Short VIX Short-Term Futures ETF
Volatility commodity pool: seeks −0.5x the daily move of the S&P 500 VIX Short-Term Futures IndexProShares0.95% fee$258mFirst traded Oct 4, 2011Fund page at the issuer ↗SEC filings ↗Every ProShares fund ETFIQ covers
In the S&P 500’s down weeks over the year to Oct 9, 2026, SVXY fell 1.3 times as much as the index.
+0.75
Correlation with the S&P 500
+1.37
Beta to the S&P 500
134.7%
Down-week capture
+32.5 pts
Against T-bills, 52 weeks
Get the weekly ETF note
Four ranked ETF lists in one email every Friday morning. Free, with no recommendations. The last note
Fell more than the S&P 500
SVXY in the 21 weeks SPY fell, year to Oct 9, 2026: SPY averaged −1.18%, SVXY −1.59%.
| Window | The fund | S&P 500 | Difference, percentage points |
|---|---|---|---|
| 3M Jul 10 – Oct 9, 2026 | +10.9% | +3.4% | +7.5 pts |
| 6M Apr 10 – Oct 9, 2026 | +32.8% | +15.2% | +17.7 pts |
| 1Y Oct 9, 2025 – Oct 9, 2026 | +27.5% | +17.3% | +10.3 pts |
| 3Y Oct 10, 2023 – Oct 9, 2026 | +48.6% | +85.8% | −37.2 pts |
| Since launch Oct 4, 2011 – Oct 9, 2026 | +516.8% | +800.7% | −283.9 pts |
Source: ETFIQ.
SVXY beside every inverse and short VIX futures fund · 1 month
Every inverse and short VIX futures fund ETFIQ covers, each against the VIX futures index its own filing names at its own daily multiple, rebuilt by ETFIQ from Cboe VIX futures settlements, and against spot VIX over the same two closes.
| Fund | Multiple | Returned | Its index, rebuilt | Difference | Spot VIX |
|---|---|---|---|---|---|
| SVXY | −0.5x | +2.2% | +1.9% | +0.2 pts | −2.0% |
| VYLD | −1x | +1.1% | +0.9% | +0.2 pts | −2.0% |
SVXY beside every inverse and short VIX futures fund · 3 months
| Fund | Multiple | Returned | Its index, rebuilt | Difference | Spot VIX |
|---|---|---|---|---|---|
| SVXY | −0.5x | +11.2% | +10.4% | +0.8 pts | −2.7% |
| VYLD | −1x | +5.0% | +4.2% | +0.7 pts | −2.7% |
SVXY beside every inverse and short VIX futures fund · 1 year
| Fund | Multiple | Returned | Its index, rebuilt | Difference | Spot VIX |
|---|---|---|---|---|---|
| SVXY | −0.5x | +26.4% | +22.2% | +4.2 pts | −5.5% |
| VYLD | −1x | +15.8% | +12.4% | +3.3 pts | −5.5% |
Inverse and short VIX futures funds, to Oct 8, 2026. Source: Tiingo end-of-day prices, Cboe VIX futures settlements and VIX index closes; ETFIQ calculation.
In plain words
IssuerProShares
Strategy (ETFIQ, from its prospectus)Volatility
Expense ratio (issuer page, Oct 9, 2026)0.95%
Net assets (issuer page, as of Oct 9, 2026)$258m
Structurecommodity pool registered under the 1933 Act
Index its own filing namesS&P 500 VIX Short-Term Futures Index
Volatility group (ETFIQ)Inverse and short VIX futures
Daily multiple it seeks−0.5x
SVXY against its index rebuilt by ETFIQ from Cboe VIX futures settlements, 1 month+2.2% against +1.9% at −0.5x, a difference of +0.2 pts, Sep 8, 2026 to Oct 8, 2026
SVXY against spot VIX, 1 month+2.2% against −2.0% for the VIX index (15.72 to 15.41), Sep 8, 2026 to Oct 8, 2026
SVXY against its index rebuilt by ETFIQ from Cboe VIX futures settlements, 3 months+11.2% against +10.4% at −0.5x, a difference of +0.8 pts, Jul 9, 2026 to Oct 8, 2026
SVXY against spot VIX, 3 months+11.2% against −2.7% for the VIX index (15.84 to 15.41), Jul 9, 2026 to Oct 8, 2026
SVXY against its index rebuilt by ETFIQ from Cboe VIX futures settlements, 1 year+26.4% against +22.2% at −0.5x, a difference of +4.2 pts, Oct 8, 2025 to Oct 8, 2026
SVXY against spot VIX, 1 year+26.4% against −5.5% for the VIX index (16.30 to 15.41), Oct 8, 2025 to Oct 8, 2026
Roll of the short-term VIX futures, 1 month−4.5%: the index rebuilt by ETFIQ from Cboe VIX futures settlements returned −4.7% while the constant-maturity futures price moved −0.3%, Sep 8, 2026 to Oct 8, 2026; in contango on 22 of 22 days
Roll of the short-term VIX futures, 3 months−19.4%: the index rebuilt by ETFIQ from Cboe VIX futures settlements returned −20.9% while the constant-maturity futures price moved −1.9%, Jul 9, 2026 to Oct 8, 2026; in contango on 64 of 64 days
Roll of the short-term VIX futures, 1 year−47.4%: the index rebuilt by ETFIQ from Cboe VIX futures settlements returned −49.6% while the constant-maturity futures price moved −4.1%, Oct 8, 2025 to Oct 8, 2026; in contango on 220 of 251 days
Front two VIX futures on Oct 8, 202617.62 and 18.01, a contango of 2.2%
Weeks measured52, from Oct 10, 2025 to Oct 9, 2026
Weeks the S&P 500 fell21
The S&P 500 in those weeks, on average−1.18%
SVXY in those weeks, on average−1.59%
SVXY total return over those weeks+36.2%
T-bills (BIL) over the same weeks+3.7%
First tradedOct 4, 2011
Days traded90
Quotedon an exchange, every trading day
How this is computed
Weekly closes from Tiingo with distributions reinvested, 52 weeks to the same date for the fund, SPY and BIL. ETFIQ calculation. How these figures are computed
Questions people ask about SVXY
- Does SVXY move with the S&P 500?
- Over the year to Oct 9, 2026, SVXY’s weekly returns had a correlation of +0.75 with the S&P 500’s, on a scale where 1 moves in step, 0 shows no pattern and −1 moves opposite. Its beta was +1.37, so for each 1% the index moved it moved about 1.37% the same way.
- What did SVXY do when stocks fell?
- The S&P 500 fell in 21 of the 52 weeks to Oct 9, 2026, by 1.18% on average. In those weeks SVXY fell 1.59% on average, a down-week capture of 134.7%.
- Did SVXY earn more than cash?
- Over the same 52 weeks SVXY returned +36.2% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.7%. SVXY finished 32.5 percentage points ahead of it.
- What does SVXY cost?
- The prospectus expense ratio is 0.95% a year.
- Why is SVXY listed as volatility?
- ETFIQ files each fund by what its own prospectus says it does, and SVXY’s describes a volatility fund.
- How closely did SVXY track its VIX futures index?
- Over the year from Oct 8, 2025 to Oct 8, 2026, SVXY returned +26.4%. The S&P 500 VIX Short-Term Futures Index, rebuilt by ETFIQ from Cboe VIX futures settlements and taken at −0.5x each day, returned +22.2%, a difference of +4.2 pts. Spot VIX moved −5.5%.
- What did rolling the VIX futures cost over the last year?
- Holding the short-term VIX futures returned −49.6% from Oct 8, 2025 to Oct 8, 2026, while the constant-maturity futures price moved −4.1%. The difference, −47.4%, is the roll: what selling the expiring month and buying the next cost. A fund short these futures collects it instead.
Sources and dates
Prices, SVXY and S&P 500Prices, Tiingo end of day ↗
Net assets, $258mIssuer page · Oct 9, 2026
IssuerCboe VIX index history ↗
All fund filingsFund filings on SEC EDGAR ↗
ETFIQ links to the documents behind every figure; a link is not an endorsement.
Cite this page
ETFIQ, SVXY, alternatives ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/svxy
ETFIQ. (Oct 9, 2026). SVXY, alternatives ETFs. Retrieved from https://etfiq.com/funds/svxy
[SVXY, alternatives ETFs (ETFIQ, Oct 9, 2026)](https://etfiq.com/funds/svxy)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
Correlation
How closely the fund’s weekly returns moved with the S&P 500’s over the last year, from −1 to 1. At 1 the two rise and fall together, at 0 there is no pattern, and below 0 the fund tended to move the other way.
Beta
How far the fund moved, on average, for each 1% move in the S&P 500 over the same weeks. At 0.3 it moved about 0.3% the same way; below 0 it moved the other way.
Down week
A week in which the S&P 500 fell, measured through SPY with dividends reinvested. A week that ended exactly level is not a down week.
Down-week capture
The fund’s average return in the S&P 500’s down weeks as a share of the index’s own average in those weeks. At 100% it fell as much, at 50% half as much, and below zero it rose. It is weekly and covers one year, so it is not the same figure as Morningstar’s downside capture.
Against T-bills
The fund’s total return minus a short Treasury bill fund’s (BIL) over the same year, in percentage points. A fund can steady a portfolio and still earn less than cash.
SVXY, Alternatives ETFs, ETFIQ, data as of Oct 9, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.