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SVXY
ProShares Short VIX Short-Term Futures

Price: $41.59
Change: $0.24 (-0.01%)
Category: Leveraged Volatility
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $24.02
  • 52 Week Hi $69.57
  • AUM $426.7 M
  • Shares 10.2 M

Analyst Report

This ETF offers inverse exposure to an index comprised of VIX futures contracts, making it an intriguing tool in certain environments. The VIX is a widely followed indicator of expected equity market volatility, and as such has a tendency to exhibit a strong negative correlation to equity markets. Inverse exposure to the VIX, therefore, can expected to generally move in the same direction as equities--though products such as SVXY can be considerably more volatile.

Like most volatility ETPs, SVXY does not offer exposure to the spot VIX; rather, the returns generated by this product will often depend in large part on the slope of the futures curve. When the VIX futures market is in a state of steep contango--as it often has been historically--SVXY may offer exposure to a compelling strategy that can exploit structural inefficiencies. When the VIX market is backwardated, however, the strategy employed by this fund essentially has it flying into the wind, vulnerable to significant return erosion from the roll process.

It should also be noted that SVXY maintains a daily reset feature; over multiple holding periods, this product will be impacted by the compounding of returns. SVXY can potentially be a very powerful tool, but is generally appropriate only for more sophisticated investors; those without an understanding of the VIX or futures-based strategies should steer clear. And this ETF doesn't belong in a long-term, buy-and-hold portfolio.

The exposure offered by SVXY is generally similar to XIV, a popular product from VelocityShares. It should be noted, however, that the structures of these products differ; SVXY is an ETF, while XIV is an ETN. Both have potential advantages and drawbacks; SVXY avoids the credit risk that is inherent in any ETN, though XIV will not incur tracking error when rolling holdings.

Historical Trading Data

  • 1 Month Avg. Volume 2,567,252
  • 3 Month Avg. Volume 2,929,310

Alternative ETFs in the Leveraged Volatility Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest UVXY 1.65% $1.8 B 49 M -4.32%
Largest (AUM) UVXY 1.65% $1.8 B 49 M -4.32%
Most Liquid (Volume) UVXY 1.65% $1.8 B 49 M -4.32%
Top YTD Performer UVXY 1.65% $1.8 B 49 M -4.32%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

1
Number of Holdings
100.00%
% Assets in Top 10
 
View Detailed Analysis
 
Number of Holdings
1
Rank
2 of 2
Low
SVXY (1)
High
UVXY (1)
% Assets in Top 10
100.00%
Rank
1 of 2
Low
SVXY (100.00%)
High
UVXY (100.00%)

 
View Summary Analysis
 

Sector Breakdown

SVXY Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
No Ranking Available
Rank
N/A
Low
N/A
High
N/A

SVXY Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
n/a

n/a
Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
Annual Dividend Yield
No Ranking Available
Rank
N/A
Low
N/A
High
N/A

SVXY Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 14.54 M 3 Month Net Flows: 46.27 M 6 Month Net Flows: -190.85 M 1 Year Net Flows: 218.18 M 3 Year Net Flows: 1.57 B 5 Year Net Flows: 898.15 M 10 Year Net Flows: 1.8 B

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for SVXY on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Leveraged Volatility with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

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Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- UVXY
Expenses B SVXY
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

SVXY Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.526%
ETF Wtd. Average
0.19%
Category Average
1.52%
Expense Ratio
1.38%
Rank
1 of 2
Low
SVXY (1.38%)
High
UVXY (1.65%)
ESG Themes and Scores

SVXY does not have an ESG score. There are no ESG themes that map to this ETF.

SVXY Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

2.11%
1 Week Return
0.22%
4 Week Return
11.20%
13 Week Return
26.07%
26 Week Return
0.36%
Year to Date Return
-39.65%
1 Year Return
-92.17%
3 Year Return
-41.01%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
2.11%
Rank
1 of 2
Low
UVXY (-6.51%)
High
SVXY (2.11%)
4 Week Return
0.22%
Rank
1 of 2
Low
UVXY (-5.30%)
High
SVXY (0.22%)
13 Week Return
11.20%
Rank
1 of 2
Low
UVXY (-39.06%)
High
SVXY (11.20%)
26 Week Return
26.07%
Rank
1 of 2
Low
UVXY (-62.61%)
High
SVXY (26.07%)
Year to Date Return
0.36%
Rank
1 of 2
Low
UVXY (-4.32%)
High
SVXY (0.36%)
1 Year Return
-39.65%
Rank
2 of 2
Low
SVXY (-39.65%)
High
UVXY (-5.30%)
3 Year Return
-92.17%
Rank
2 of 2
Low
SVXY (-92.17%)
High
UVXY (-78.18%)
5 Year Return
-41.01%
Rank
1 of 2
Low
UVXY (-99.96%)
High
SVXY (-41.01%)

 
View Summary Analysis
 

SVXY Price and Volume Chart

SVXY Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

 
View Detailed Analysis
 
5 Day Volatility
227.66%
Rank
2 of 2
Low
SVXY (227.66%)
High
UVXY (255.67%)
20 Day Volatility
27.16%
Rank
2 of 2
Low
SVXY (27.16%)
High
UVXY (80.02%)
50 Day Volatility
26.27%
Rank
2 of 2
Low
SVXY (26.27%)
High
UVXY (75.98%)
200 Day Volatility
32.18%
Rank
2 of 2
Low
SVXY (32.18%)
High
UVXY (91.58%)
Beta
2.37
Rank
1 of 2
Low
UVXY (-5.87)
High
SVXY (2.37)
Standard Deviation
9.39%
Rank
2 of 2
Low
SVXY (9.39%)
High
UVXY (17.16%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $41.17
  • 60 Day MA $39.90
  • MACD 15 Period 0.44
  • MACD 100 Period 3.43
  • Williams % Range 10 Day 21.18
  • Williams % Range 20 Day 11.96
  • RSI 10 Day 55
  • RSI 20 Day 55
  • RSI 30 Day 55
  • Ultimate Oscillator 59

Bollinger Brands

  • Lower Bollinger (10 Day) $40.67
  • Upper Bollinger (10 Day) $41.96
  • Lower Bollinger (20 Day) $40.13
  • Upper Bollinger (20 Day) $42.12
  • Lower Bollinger (30 Day) $39.75
  • Upper Bollinger (30 Day) $42.21

Support & Resistance

  • Support Level 1 $41.27
  • Support Level 2 $40.94
  • Resistance Level 1 $41.87
  • Resistance Level 2 $42.14

Stochastic

  • Stochastic Oscillator %D (1 Day) 68.83
  • Stochastic Oscillator %D (5 Day) 76.99
  • Stochastic Oscillator %K (1 Day) 66.33
  • Stochastic Oscillator %K (5 Day) 70.03

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Download the fact sheet PDF

Disclosures

Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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