This ETF offers leveraged exposure to an index comprised of short-term VIX futures contracts, making it a very powerful tool for those looking to implement sophisticated strategies requiring exposure to the VIX. The VIX, also known as the "fear index," is a widely followed indicator of equity market volatility. Because the VIX tends to spike when stock markets struggle, this asset class has become appealing to investors looking for negative correlations to stocks.
It is important to note that UVXY does not offer exposure to the spot VIX; although the underlying index is comprised of VIX futures, its performance can vary significantly from a hypothetical investment in the spot VIX< depending largely on the slope of the VIX futures curve. Moreover, investors should consider the type of leverage offered by UVXY; because leverage resets on a daily basis, the performance over multiple trading sessions will be impacted by the compounding of returns.
UVXY is a very powerful tool that is designed primarily for sophisticated investors; those without a firm understanding of futures markets and the VIX are advised to stay away, and this product certainly doesn't belong in a long-term, buy-and-hold portfolio. But for those with very specific investment objectives, UVXY has the potential to deliver huge gains over a relatively short period of time.
Investors seeking non-leveraged exposure to VIX futures have a number of choices in the Volatility ETFdb Category, while TVIX offers generally similar exposure within the ETN wrapper.
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This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.
This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.
View charts featuring ETF fund flow data.5 Day Net Flows: -13.45 M 1 Month Net Flows: -7.23 M 3 Month Net Flows: -176.95 M 6 Month Net Flows: 1.38 B 1 Year Net Flows: 3.41 B 3 Year Net Flows: 3.48 B 5 Year Net Flows: 5.5 B 10 Year Net Flows: 8.83 B
The adjacent table gives investors an individual Realtime Rating for UVXY 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.
UVXY does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.
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