SVXY (ProShares Short VIX Short-Term Futures ETF)

SVXY ETF by ProShares is the only liquid and optionable short VIX exchange traded product.

SVXY Exposure and Basic Characteristics

SVXY ETF provides negative (short) exposure to short-term VIX futures (inverse of S&P500 VIX Short-Term Futures Index). Its exposure is similar to XIV, which closed in 2018.

Direction: short, unleveraged

Underlying index: S&P500 VIX Short-Term Futures Index ER

Exposure: Short (negative position) of the short end (near term) of the VIX futures curve (combination of short positions in the first and second VIX futures contract months - rolling to maintain constant 1 month maturity)

SVXY options: Available (though relatively illiquid)

Product type: ETF (exchange traded fund)

Provider: ProShares

Inception date: 3 October 2011

Official Information and Links

ProShares Short VIX Short-Term Futures ETF seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P 500 VIX Short-Term Futures Index. Source: Official website (see links below).

The website also states that while the ETF should track the index quite well on a single day basis, performance over longer time periods can deviate markedly due to compounding.

SVXY product page: www.proshares.com/funds/svxy.html

SVXY Quotes, Assets, and Trading Volume

Yahoo Finance: finance.yahoo.com/quote/SVXY

Bloomberg.com: www.bloomberg.com/quote/SVXY:US