# UVXY (ProShares Ultra VIX Short-Term Futures ETF)

ProShares · Alternatives ETFs · data as of Oct 9, 2026

In the S&P 500’s down weeks over the year to Oct 9, 2026, UVXY rose 4.18% a week on average.

## Key facts

- UVXY, correlation with the S&P 500: −0.72, as of Oct 9, 2026.
- UVXY, beta to the S&P 500: −3.93, as of Oct 9, 2026.
- UVXY, down-week capture: −353.4%, as of Oct 9, 2026.
- UVXY, against T-bills, 52 weeks: −77.5 pts, as of Oct 9, 2026.
- UVXY, net assets: $249m (issuer page, as of Oct 9, 2026).
- UVXY, expense ratio: 0.95% (issuer page, Oct 9, 2026).

## UVXY over each window to Oct 9, 2026

| Window | The fund | S&P 500 | Difference, percentage points |
| --- | --- | --- | --- |
| 3 months | −29.6% | +3.4% | −33.0 pts |
| 6 months | −61.1% | +15.2% | −76.2 pts |
| 1 year | −68.9% | +17.3% | −86.1 pts |
| 3 years | −95.7% | +85.8% | −181.5 pts |
| Since launch | −100.0% | +800.7% | −900.7 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Issuer | ProShares | ETFIQ |
| Strategy | Volatility | ETFIQ, from its prospectus |
| Expense ratio | 0.95% | issuer page, Oct 9, 2026 |
| Net assets | $249m | issuer page, as of Oct 9, 2026 |
| Structure | commodity pool registered under the 1933 Act | ETFIQ |
| Index its own filing names | S&P 500 VIX Short-Term Futures Index | ETFIQ |
| Volatility group | Leveraged VIX futures | ETFIQ |
| Daily multiple it seeks | +1.5x | ETFIQ |
| UVXY against its index rebuilt by ETFIQ from Cboe VIX futures settlements, 1 month | −7.2% against −6.9% at +1.5x, a difference of −0.3 pts, Sep 8, 2026 to Oct 8, 2026 | ETFIQ |
| UVXY against spot VIX, 1 month | −7.2% against −2.0% for the VIX index (15.72 to 15.41), Sep 8, 2026 to Oct 8, 2026 | ETFIQ |
| UVXY against its index rebuilt by ETFIQ from Cboe VIX futures settlements, 3 months | −30.8% against −29.6% at +1.5x, a difference of −1.2 pts, Jul 9, 2026 to Oct 8, 2026 | ETFIQ |
| UVXY against spot VIX, 3 months | −30.8% against −2.7% for the VIX index (15.84 to 15.41), Jul 9, 2026 to Oct 8, 2026 | ETFIQ |
| UVXY against its index rebuilt by ETFIQ from Cboe VIX futures settlements, 1 year | −68.2% against −66.5% at +1.5x, a difference of −1.7 pts, Oct 8, 2025 to Oct 8, 2026 | ETFIQ |
| UVXY against spot VIX, 1 year | −68.2% against −5.5% for the VIX index (16.30 to 15.41), Oct 8, 2025 to Oct 8, 2026 | ETFIQ |
| 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 | ETFIQ |
| 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 | ETFIQ |
| 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 | ETFIQ |
| Front two VIX futures on Oct 8, 2026 | 17.62 and 18.01, a contango of 2.2% | ETFIQ |
| Weeks measured | 52, from Oct 10, 2025 to Oct 9, 2026 | ETFIQ |
| Weeks the S&P 500 fell | 21 | ETFIQ |
| The S&P 500 in those weeks, on average | −1.18% | ETFIQ |
| UVXY in those weeks, on average | +4.18% | ETFIQ |
| UVXY total return over those weeks | −73.9% | ETFIQ |
| T-bills | +3.7% | ETFIQ |
| First traded | Oct 4, 2011 | ETFIQ |
| Days traded | 90 | ETFIQ |
| Quoted | on an exchange, every trading day | ETFIQ |

## Questions

### Does UVXY move with the S&P 500?

Over the year to Oct 9, 2026, UVXY’s weekly returns had a correlation of −0.72 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 −3.93, so for each 1% the index moved it moved about 3.93% the other way.

### What did UVXY 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 UVXY rose 4.18% on average, a down-week capture of −353.4%.

### Did UVXY earn more than cash?

Over the same 52 weeks UVXY returned −73.9% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.7%. UVXY finished 77.5 percentage points behind it.

### What does UVXY cost?

The prospectus expense ratio is 0.95% a year.

### Why is UVXY listed as volatility?

ETFIQ files each fund by what its own prospectus says it does, and UVXY’s describes a volatility fund.

### How closely did UVXY track its VIX futures index?

Over the year from Oct 8, 2025 to Oct 8, 2026, UVXY returned −68.2%. The S&P 500 VIX Short-Term Futures Index, rebuilt by ETFIQ from Cboe VIX futures settlements and taken at +1.5x each day, returned −66.5%, a difference of −1.7 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.


## Cite this page

ETFIQ, UVXY, alternatives ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/uvxy
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at https://etfiq.com/data/.

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