ProShares Short VIX Short-Term Futures ETF

SVXY

Market cap $253M

Overview Fund Activity

50.91 USD

+0.94

1.88%

At close Updated Sep 17, 4:00 PM EDT

Pre-market

After hours

51.18

+0.27

0.53%

1 day

1.88%

5 days

1.03%

1 month

6.75%

3 months

26.86%

6 months

8.62%

Year to date

2.83%

1 year

2.33%

5 years

183.31%

10 years

-11.46%

Financials Capital Markets

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

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

350% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 4

133% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 3

55% more funds holding

Funds holding: 22 [Q1] → 34 (+12) [Q2]

13% more capital invested

Capital invested by funds: $43.6M [Q1] → $49.3M (+$5.72M) [Q2]

0.94% less ownership

Funds ownership: 17.91% [Q1] → 16.97% (-0.94%) [Q2]

10% less call options, than puts

Call options by funds: $19.8M | Put options by funds: $22.1M

See Fund Rankings

Financial journalist opinion

SVXY: Tactical Tool To Take Advantage Of A Falling VIX

SVXY is a high-risk ETF designed to deliver -0.5x the daily performance of the S&P 500 VIX Short-Term Futures Index. Current low market volatility makes it an inopportune time to bet on further volatility declines, so I rate SVXY as a Hold. Understanding when to go long or short volatility is crucial, especially in markets with overvalued stocks and sentiment-driven pricing.

SVXY: Tactical Tool To Take Advantage Of A Falling VIX

Long Volatility: The Next Big Macro Play

VIX-related ETFs offer asymmetric return potential, especially with current volatility levels well below historical averages, making long-VIX trades attractive now. Recent market calm masks significant geopolitical and economic risks, including unresolved trade tensions and the outsized influence of AI-driven stocks. The VIX's current low percentile suggests markets are underpricing uncertainty, despite ongoing global instability and unpredictable policy moves.

Long Volatility: The Next Big Macro Play

SVXY: Taking Profit Amid Growing Prospects Of Another VIX Spike

The ProShares Short VIX Short-Term Futures ETF has performed well, since we upgraded our rating from "Hold" to "Strong Buy" on 9 April. The SVXY has gained by around 11.9% while the Cboe Volatility Index has dropped by around -30.0% over the same period (based on prices at the time of publication). Given the increasing risks of a highly volatile equity environment, we think the potential reward for shorting volatility no longer adequately compensates for the risk of another spike on the VIX.

SVXY: Taking Profit Amid Growing Prospects Of Another VIX Spike

SVXY: Short Volatility Strategies Are Worth The Risk Right Now (Upgrade)

With the VIX currently at 52.33 points, we think short volatility strategies are starting to look compelling. Short VIX strategies capitalize on the VIX's reliable pattern of reverting to the mean following a spike.

SVXY: Short Volatility Strategies Are Worth The Risk Right Now (Upgrade)

3 Volatility ETFs to Help You Profit from Market Chaos

Volatility refers to the extent of price fluctuations for a given asset or market. Historically, volatility has been inversely correlated with the stock market.

3 Volatility ETFs to Help You Profit from Market Chaos

SVXY: Volatility Got Crushed After The Election Results (Rating Downgrade)

ProShares Short VIX Short-Term Futures ETF benefits from falling volatility; post-election VIX normalization makes it less attractive, prompting a 'Sell' rating to take profit. SVXY is not suitable for buy and hold due to potential significant drawdowns from sudden volatility spikes. The fund should be bought when VIX spikes due to external events and sold after volatility subsides.

SVXY: Volatility Got Crushed After The Election Results (Rating Downgrade)

3 Short-Term Volatility ETFs to Watch Following Market Sell-Off

Volatility ETFs stood out over the last week amid the big market sell-off. Volatility spiked considerably as a wave of selling spread from Japan.

3 Short-Term Volatility ETFs to Watch Following Market Sell-Off

SVXY: Buy Volatility After A -40% Drawdown

SVXY experienced a -40% drawdown following a spike in the VIX on August 5, 2024. The ETF aims to provide a -0.5x return against the S&P 500 VIX Short-Term Futures Index. SVXY performs well in calm markets and normal bear markets, but experiences losses during sudden spikes in volatility.

SVXY: Buy Volatility After A -40% Drawdown

Why Chasing Volatility With a VIX ETF Is Trickier Than It Seems

U.S. investors looking for positive returns had few options on Monday. Stocks tumbled while Treasury bond prices pared early gains.

Why Chasing Volatility With a VIX ETF Is Trickier Than It Seems

SVXY: More Aggressive Version Of SVOL

ProShares Short VIX Short-Term Futures ETF (SVXY) offers 0.5x exposure to shorting VIX futures, making it a unique "leveraged" ETF. SVXY has outperformed the highly popular Simplify Volatility Premium ETF (SVOL) and the overall market in the last 3 years. SVXY behaves differently in extreme cases, such as during the market drop in March 2020, but has performed well overall.

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