ETF Evaluator:
ProShares Short VIX Short-Term Futures (SVXY)
Follow This ETF
(as of Jul 31)
Best Performing in Trading--Miscellaneous Over the Last Year
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| 34.4% | ProShares Short VIX Short-Term Futures (SVXY) |
Risk
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Risk
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ETF Details
ProShares Short VIX Short-Term Futures Overview
ProShares Short VIX Short-Term Futures (SVXY) is a passively managed Miscellaneous Trading--Miscellaneous exchange-traded fund (ETF). ProShares launched the ETF in 2011.
The investment seeks daily investment results, before fees and expenses, that correspond to one-half the inverse (-0.5x) of the performance of the S&P 500 VIX Short-Term Futures Index for a single day.
The index seeks to offer exposure to market volatility through publicly traded futures markets and is designed to measure the implied volatility of the S&P 500 over 30 days in the future.
About ProShares Short VIX Short-Term Futures (SVXY)
There are 1 members of the management team with an average tenure of 14.75 years: Management Team (2011). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 VIX Short Term Futures TR USD index with a weighting of -50%. ProShares Short VIX Short-Term Futures has 7 securities in its portfolio. The top 10 holdings constitute 117.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
ProShares Short VIX Short-Term Futures is part of the Other global asset class and is within the Miscellaneous ETF group. ProShares Short VIX Short-Term Futures has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). ProShares Short VIX Short-Term Futures has 204.8% of the portfolio in cash.
Assets Under Management
The fund has $221 million in total assets, which is above the $79 million average for the Trading--Miscellaneous category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SVXY Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The ProShares Short VIX Short-Term Futures expense ratio is high compared to funds in the Trading--Miscellaneous category. ProShares Short VIX Short-Term Futures has an expense ratio of 1.01%, which is 2% lower than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. ProShares Short VIX Short-Term Futures has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 46% for the Trading--Miscellaneous category.
Recently, in the month of June 2026, ProShares Short VIX Short-Term Futures returned 3.6%, which earned it a grade of A, as the Trading--Miscellaneous category had an average return of -10.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
ProShares Short VIX Short-Term Futures has a trailing yield of 0.00%, which is below the 76.91% category average.
The fund normally distributes its income none.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
ProShares Short VIX Short-Term Futures Grades
Year to date, the ETF has returned 3.2%, 2.8 percentage points better than the category, which translates into a grade of B. The fund has returned 34.4% over the past year (grade of A), 10.6% over the past three years (grade of A) and 15.5% per year over the past five years (grade of A) and 1.4% per year over the past 10 years (grade of C).
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SVXY Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SVXY Return (NAV) | 3.6% | 25.1% | 34.4% | 10.6% | 15.5% | 1.4% |
| SVXY Return (Price) | 3.8% | 25.0% | 34.4% | 10.6% | 15.6% | 1.6% |
| NAV +/- Price Return | -0.151% | 0.074% | -0.030% | 0.006% | -0.023% | -0.157% |
| Trading--Miscellaneous Avg | -10.1% | 5.8% | -11.7% | -8.9% | -10.6% | -11.4% |
| SVXY Grade (NAV) | A | A | A | A | A | C |
| +/- Category (NAV) | 13.7% | 19.3% | 46.1% | 19.5% | 26.1% | 12.8% |
| SVXY Tax-Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | 0.0% |
SVXY Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SVXY Return (NAV) | 3.2% | 10.9% | -3.2% | 76.1% | -4.6% | 48.7% | -36.9% | 54.9% | -91.7% | 179.1% | 79.5% |
| SVXY Return (Price) | 3.4% | 10.6% | -3.2% | 76.2% | -4.7% | 48.5% | -36.5% | 54.2% | -91.8% | 181.8% | 80.3% |
| NAV +/- Price Ret | 0.049% | -0.024% | -0.015% | 0.001% | 0.003% | -0.003% | -0.011% | -1.3% | 0.1% | 1.5% | 1.0% |
| Trading--Miscellaneous Avg | 0.5% | -8.8% | -5.4% | -17.0% | -10.3% | -12.4% | 6.5% | -12.0% | 5.8% | -4.1% | -10.4% |
| SVXY Grade (NAV) | B | B | C | A | C | A | F | A | F | A | A |
| +/- Category | 2.8% | 19.6% | 2.2% | 93.1% | 5.7% | 61.1% | -43.3% | 66.9% | -97.5% | 183.2% | 89.9% |
| Risk Measures | |
| Beta: | -46.64 |
| R-Squared: | 3% |
| Standard Deviation: | 26.4% |
| Category Risk Index: | 1.11 |
| Category Risk Rating: | High |
| Total Risk Index: | 2.17 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 222 Mil |
| Share Class Assets: | $ 222 Mil |
| Turnover: | na |
| Expense Ratio: | 1.01% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 VIX Short Term Futures TR USD |
| Index Weighting: | -50% |
| Leveraged: | Yes |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | None |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 14.8 years | |||
| Average Tenure: 14.8 years | |||
| Managers (Year): Team Management (2011) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 7 |
| % in Top 10 Holdings: | 117.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -104.8% |
| Cash: | 204.8% |
Purchase Information
| Legal Structure: | Partnership (3C1) |
| Fund Family: | ProShares |
| Phone Number: | 240-497-6400 |
| Website: | www.proshares.com |
| Inception Date: | October 3, 2011 |
Expenses and Fees
| Expense Ratio (%): | 1.01% (Rating: High) |
| Category Average Expense Ratio (%): | 1.03% |
