The largest volatility ETFs
Every fund here runs a volatility strategy, so what separates them is how well each does that job.
| # | Ticker | Fund | Net assets ↓ | Correlation | Down-week capture | Against T-bills | Source |
|---|---|---|---|---|---|---|---|
| 1 | SVOL | Simplify Volatility Premium ETF | $525m | +0.74 | 77.5% | +15.8 pts | Issuer page, Oct 8, 2026 |
| 2 | SVXY | ProShares Short VIX Short-Term Futures E | $258m | +0.75 | 134.7% | +32.5 pts | Issuer page, Oct 9, 2026 |
| 3 | UVXY | ProShares Ultra VIX Short-Term Futures E | $249m | −0.72 | −353.4% | −77.5 pts | Issuer page, Oct 9, 2026 |
| 4 | VIXY | ProShares VIX Short-Term Futures ETF | $221m | −0.72 | −241.3% | −58.9 pts | Issuer page, Oct 9, 2026 |
| 5 | VIXM | ProShares VIX Mid-Term Futures ETF | $49m | −0.64 | −66.6% | −25.7 pts | Issuer page, Oct 9, 2026 |
| 6 | ZVOL | Volatility Premium Plus ETF | $20m | +0.65 | 65.5% | +24.6 pts | Issuer page, Oct 8, 2026 |
Method
The 9 volatility ETFs ETFIQ measures, of which 6 publish net assets. Across the funds listed here correlation with the S&P 500 runs from -0.7 to 0.8.
The rest of the method
Size is not a measure of how much a fund diversifies. The correlation column is. The ranking is the published field sorted, nothing else: no scoring, no weighting and no view on any fund. Every fund ETFIQ covers in this category is eligible, including funds that have closed, because leaving them out would flatter the category.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A ranking is not a recommendation and no order on this site is an opinion.
ETFIQ, The largest volatility ETFs, ranked by net assets, data as of Oct 9, 2026. https://etfiq.com/rankings/alternatives-largest-volatility
ETFIQ. (Oct 9, 2026). The largest volatility ETFs, ranked by net assets. Retrieved from https://etfiq.com/rankings/alternatives-largest-volatility
[The largest volatility ETFs, ranked by net assets (ETFIQ, Oct 9, 2026)](https://etfiq.com/rankings/alternatives-largest-volatility)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.