-1x Short VIX Futures ETF

SVIX

Market cap $196M

Overview Fund Activity

21.19 USD

+0.04

0.19%

At close Updated Sep 12, 4:00 PM EDT

Pre-market

After hours

21.17

-0.02

0.09%

1 day

0.19%

5 days

4.44%

1 month

15.04%

3 months

41.93%

6 months

6.8%

Year to date

-14.52%

1 year

-23.2%

5 years

43.27%

10 years

43.27%

Financials Capital Markets

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

180% more call options, than puts

Call options by funds: $56.5M | Put options by funds: $20.2M

0% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 9

0% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 6

3.15% less ownership

Funds ownership: 12.88% [Q1] → 9.73% (-3.15%) [Q2]

5% less funds holding

Funds holding: 22 [Q1] → 21 (-1) [Q2]

20% less capital invested

Capital invested by funds: $33M [Q1] → $26.2M (-$6.75M) [Q2]

See Fund Rankings

Financial journalist opinion

SVIX: Volatility Has Subsided, Trade Is Done After Gains (Rating Downgrade)

SVIX delivered over +35% total return since April 2025, driven by a decline in volatility and the VIX futures curve shifting to contango, as predicted. The VIX is at 16, with front-month futures at 18.6 in a contango curve, but low tech stock volatility and a near-bottom VIX range suggest market complacency. SVIX is not a buy-and-hold ETF, with a -33% YTD loss in 2025, best used for short-term trades due to its sensitivity to volatility spikes.

SVIX: Volatility Has Subsided, Trade Is Done After Gains (Rating Downgrade)

SVIX: Contango And Crash

-1x Short VIX Futures ETF's inverse volatility strategy seemed like a sure winner due to persistent contango in VIX futures, but real-world performance has disappointed. The fund's theoretical edge—profiting from the steep contango—has been undermined by rare but severe volatility spikes and unfavorable roll dynamics during market selloffs. SVIX is highly risky: a volatility spike can wipe out all gains, and the asymmetric risk profile means losses can be swift and total.

SVIX: Contango And Crash

Top Performing Leveraged/Inverse ETFs: 06/01/2025

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Top Performing Leveraged/Inverse ETFs: 06/01/2025

SVIX: What Happened? Is It Still A Buy?

-1x Short VIX Futures ETF has been negatively impacted by a rare VIX spike, driven by tariff wars, similar to past crises like the GFC and Covid. The ETF's short volatility position suffered, the fund being short the first two months of VIX futures. For SVIX to recover, the VIX futures curve needs to shift lower, which requires a significant reduction in market volatility.

SVIX: What Happened? Is It Still A Buy?

SVIX: Make Volatility Great Again (Rating Upgrade)

Trump's tariff policies have moved volatility higher, making -1x Short VIX Futures ETF, an inverse VIX ETF, a strategic short-term buy as volatility is expected to normalize. SVIX gains value when VIX futures decline; recent market turmoil is due to tariff uncertainties, not fundamental economic issues. The economy remains stable; high VIX levels are not recession-driven, suggesting a potential decrease in volatility as market clarity improves.

SVIX: Make Volatility Great Again (Rating Upgrade)

SVIX: Trump Policies Increasing Market Volatility (Downgrade To Hold)

The SVIX ETF is currently rated a hold due to an unfavorable market environment for shorting volatility, as the VIX curve is too flat. The Federal Reserve is hamstrung by high inflation and may not be as supportive of asset prices. Most importantly, President Trump's erratic policies are injecting volatility and risk into the financial markets.

SVIX: Trump Policies Increasing Market Volatility (Downgrade To Hold)

SVIX: All Quiet On The Western Front

SVIX is an ETF that inversely tracks VIX futures; it gains value when VIX drops and loses value when VIX spikes. -1x Short VIX Futures ETF should be actively traded, not held long term, due to its significant volatility and potential for large drawdowns, as seen in August 2024. Current VIX levels are low, suggesting potential for increased volatility; thus, SVIX is a 'Sell' now and a 'Buy' when VIX exceeds 20.

SVIX: All Quiet On The Western Front

Top Performing Leveraged/Inverse ETFs: 11/10/2024

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Top Performing Leveraged/Inverse ETFs: 11/10/2024

SVIX: Time To Short The VIX

Election-induced volatility may be peaking, making the SVIX ETF a buy as volatility is expected to decline post-election, benefiting from a return to contango. The SVIX ETF is designed to avoid past pitfalls, such as the XIV's Volmageddon, by rebalancing during market hours and holding OTM call options. Comparing SVIX and UVXY, SVIX offers capped losses, but shorting UVXY can be profitable with proper trade sizing despite higher risks.

SVIX: Time To Short The VIX

SVIX: Blood On The Streets, Time To Buy

SVIX is down over 50% from the top due to extreme volatility, while SVXY and SVOL offer less aggressive exposure to VIX futures. SVIX has implemented VIX calls as a hedge, protecting the fund from significant losses as the VIX surges. Buying SVIX now presents a probabilistically sound opportunity with limited downside and potential for gains as volatility is at historic highs.

SVIX: Blood On The Streets, Time To Buy

See News Rankings

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