# UVIX (2x Long VIX Futures ETF)

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

Three months to Sep 30, 2026: UVIX returned −41.0% where its own daily promise gave −40.2%, 0.8 points short.

## Key facts

- UVIX, what VIXY did: −21.3%, as of Sep 30, 2026.
- UVIX, what 2 times a day gives: −40.2%, as of Sep 30, 2026.
- UVIX, what the fund returned: −41.0%, as of Sep 30, 2026.
- UVIX, the fund itself cost: −0.8 pts, as of Sep 30, 2026.
- UVIX, net assets: $173m (issuer page, as of Sep 15, 2026).
- UVIX, expense ratio: not read by ETFIQ, as of Sep 30, 2026.

## UVIX over each window to Sep 30, 2026

| Window | Fund | VIXY | +2x the move | Difference | VIXY moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −6.2% | −2.0% | −3.9% | −2.3 pts | 34% |
| 3 months | −41.0% | −21.3% | −42.6% | +1.6 pts | 37% |
| 6 months | −77.7% | −49.5% | −99.1% | +21.3 pts | 42% |
| 1 year | −81.4% | −47.5% | −95.1% | +13.7 pts | 56% |
| 3 years | −99.5% | −81.8% | −163.6% | +64.2 pts | 71% |
| Since launch | −100.0% | −94.6% | −189.3% | +89.3 pts | 67% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of VIXY, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.93 times, against +2 stated | ETFIQ |
| Underlying | VIXY | ETFIQ |
| Segment | asset class, volatility | ETFIQ |
| Net assets | $173m | 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 UVIX return +2 times VIXY?

Over the window to Sep 30, 2026, VIXY moved −21.3% and UVIX returned −41.0%. 2 times that move is −42.6%, so the fund came out 1.6 points ahead of it.

### Why does UVIX not return +2 times over a year?

Because it resets daily. UVIX aims at +2 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 +2 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, UVIX, data as of Sep 30, 2026. https://etfiq.com/funds/uvix
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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