# VIXM (ProShares VIX Mid-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, VIXM rose 0.79% a week on average.

## Key facts

- VIXM, correlation with the S&P 500: −0.64, as of Oct 9, 2026.
- VIXM, beta to the S&P 500: −0.82, as of Oct 9, 2026.
- VIXM, down-week capture: −66.6%, as of Oct 9, 2026.
- VIXM, against T-bills, 52 weeks: −25.7 pts, as of Oct 9, 2026.
- VIXM, net assets: $49m (issuer page, as of Oct 9, 2026).
- VIXM, expense ratio: 0.85% (issuer page, Oct 9, 2026).

## VIXM over each window to Oct 9, 2026

| Window | The fund | S&P 500 | Difference, percentage points |
| --- | --- | --- | --- |
| 3 months | −10.4% | +3.4% | −13.8 pts |
| 6 months | −20.2% | +15.2% | −35.3 pts |
| 1 year | −20.0% | +17.3% | −37.2 pts |
| 3 years | −34.0% | +85.8% | −119.8 pts |
| Since launch | −96.0% | +708.4% | −804.4 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Issuer | ProShares | ETFIQ |
| Strategy | Volatility | ETFIQ, from its prospectus |
| Expense ratio | 0.85% | issuer page, Oct 9, 2026 |
| Net assets | $49m | 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 Mid-Term Futures Index | ETFIQ |
| Volatility group | Long VIX futures | ETFIQ |
| Daily multiple it seeks | +1x | ETFIQ |
| VIXM against its index rebuilt by ETFIQ from Cboe VIX futures settlements, 1 month | −4.1% against −3.9% at +1x, a difference of −0.2 pts, Sep 8, 2026 to Oct 8, 2026 | ETFIQ |
| VIXM against spot VIX, 1 month | −4.1% against −2.0% for the VIX index (15.72 to 15.41), Sep 8, 2026 to Oct 8, 2026 | ETFIQ |
| VIXM against its index rebuilt by ETFIQ from Cboe VIX futures settlements, 3 months | −10.3% against −10.0% at +1x, a difference of −0.2 pts, Jul 9, 2026 to Oct 8, 2026 | ETFIQ |
| VIXM against spot VIX, 3 months | −10.3% against −2.7% for the VIX index (15.84 to 15.41), Jul 9, 2026 to Oct 8, 2026 | ETFIQ |
| VIXM against its index rebuilt by ETFIQ from Cboe VIX futures settlements, 1 year | −19.7% against −18.6% at +1x, a difference of −1.1 pts, Oct 8, 2025 to Oct 8, 2026 | ETFIQ |
| VIXM against spot VIX, 1 year | −19.7% against −5.5% for the VIX index (16.30 to 15.41), Oct 8, 2025 to Oct 8, 2026 | ETFIQ |
| Roll of the mid-term VIX futures, 1 month | −1.7%: the index rebuilt by ETFIQ from Cboe VIX futures settlements returned −4.2% while the constant-maturity futures price moved −2.5%, Sep 8, 2026 to Oct 8, 2026; in contango on 22 of 22 days | ETFIQ |
| Roll of the mid-term VIX futures, 3 months | −6.8%: the index rebuilt by ETFIQ from Cboe VIX futures settlements returned −10.9% while the constant-maturity futures price moved −4.4%, Jul 9, 2026 to Oct 8, 2026; in contango on 64 of 64 days | ETFIQ |
| Roll of the mid-term VIX futures, 1 year | −15.8%: the index rebuilt by ETFIQ from Cboe VIX futures settlements returned −21.6% while the constant-maturity futures price moved −6.8%, 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 |
| VIXM in those weeks, on average | +0.79% | ETFIQ |
| VIXM total return over those weeks | −22.1% | ETFIQ |
| T-bills | +3.7% | ETFIQ |
| First traded | Jan 4, 2011 | ETFIQ |
| Days traded | 90 | ETFIQ |
| Quoted | on an exchange, every trading day | ETFIQ |

## Questions

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

Over the year to Oct 9, 2026, VIXM’s weekly returns had a correlation of −0.64 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 −0.82, so for each 1% the index moved it moved about 0.82% the other way.

### What did VIXM 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 VIXM rose 0.79% on average, a down-week capture of −66.6%.

### Did VIXM earn more than cash?

Over the same 52 weeks VIXM returned −22.1% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.7%. VIXM finished 25.7 percentage points behind it.

### What does VIXM cost?

The prospectus expense ratio is 0.85% a year.

### Why is VIXM listed as volatility?

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

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

Over the year from Oct 8, 2025 to Oct 8, 2026, VIXM returned −19.7%. The S&P 500 VIX Mid-Term Futures Index, rebuilt by ETFIQ from Cboe VIX futures settlements and taken at +1x each day, returned −18.6%, a difference of −1.1 pts. Spot VIX moved −5.5%.

### What did rolling the VIX futures cost over the last year?

Holding the mid-term VIX futures returned −21.6% from Oct 8, 2025 to Oct 8, 2026, while the constant-maturity futures price moved −6.8%. The difference, −15.8%, 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, VIXM, alternatives ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/vixm
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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