ProShares Ultra VIX Short-Term Futures ETF

UVXY

Market cap $212M

If you bought ProShares Ultra VIX Short-Term Futures ETF (CBOE:UVXY) a year ago hoping to ride the next panic, your account tells the story the marketing won't.

ProShares Ultra VIX Short-Term Futures ETF is rated a buy for intraday trading, not investment, due to its leveraged structure and underperformance versus the VIX. Economic, geopolitical, and seasonal factors suggest heightened volatility risk, making VIX-related products attractive for tactical traders in the coming months. UVXY consistently underperforms the VIX during spikes, suffers from time decay, and has undergone 13 reverse splits since 2012, underscoring its status as a wasting asset.

Volatility, volatility, volatility – markets have seen plenty of turmoil this year, and not just because of fears about AI. Attacks on Venezuela, the U.S.-Israel-Iran war, and even more potential conflicts have all created major volatility.

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 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.

ProShares Ultra VIX Short-Term Futures ETF offers a 1.5x leveraged exposure to short-term VIX futures, spiking during volatility surges. The recent VIX spike to 35 on March 9, 2026, marks an interim volatility top, with historical patterns suggesting such levels are unsustainable. UVXY is structurally prone to rapid decay due to roll effects, especially as VIX futures revert to contango after volatility events.

ProShares Ultra VIX Short-Term Futures ETF and ProShares Short VIX Short-Term Futures ETF offer tactical tools for trading volatility spikes and normalization. I recommend Hold ratings on both UVXY and SVXY, emphasizing their use for short-term, daily trading due to compounding and NAV decay risks. With S&P 500 expected to remain flat in 2026, volatility will likely be driven by exogenous shocks such as geopolitical events and energy price fluctuations.

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 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.

The artificial intelligence sector is showing critical warning signs that suggest a significant correction may be approaching. Recent market analysis reveals that AI stocks, particularly the “Magnificent Seven,” have been making lower highs since December 2024, diverging from broader market performance – a pattern that historically precedes major corrections.