SVXY (ProShares Short VIX Short-Term Futures ETF)

SVXY Exposure and Basic Characteristics

SVXY is the second most liquid short VIX exchange traded product. It is an ETF by ProShares. One advantage SVXY has against the similar and more liquid XIV (ETN by VelocityShares) is that options are available on SVXY, although their liquidity is not high. Both SVXY and XIV provide negative (short) exposure to short-term VIX futures (inverse of S&P500 VIX Short-Term Futures Index).

Direction: short, unleveraged

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

Exposure: Short end 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, but 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:

SVXY factsheet:

SVXY prospectus:

Provider website:

SVXY Quotes, Assets, and Trading Volume

Yahoo Finance:

Bloomberg.com:


Related pages


strike price put optionpro shares ultranormal backwardation vs backwardationaverage annual rate of return calculatorbloomberg s&p futuresformula of sample variancegeometric average vs arithmetic averagesma and emavariance defblack scholes formula with dividend yielddelta calculator optionsvelocity sharess&p 500 etf listoptions puts and calls for dummiessharpe ratio definitionstraddle optionoption pricing model excelvariance of grouped data formulahow to determine variance in excelformula for calculating the mediansample size standard deviation calculatornotepad with colorstandard deviation formula derivationiron butterfly strategys&p ultra shortannualize monthly standard deviationcalc standard deviationblack scholes put optioncalculating annualised returnhow to read a macd chartdelta formulaspositive and negative numbers calculatorcboe vix volatility indexrho financeexplanation of excel formulasfxf trackinggreeks gammaipath vxxtrading the macdvix trading strategysharpe ratio rangemacro formula excelvolatile meaning in financevix contractweighted average cost of capital formula excelbroken wing iron condortrial and error excelfeatures of derivative marketvxx etfavco definitionmoneyness of an optioninterpreting kurtosisadvantages and disadvantages portfolio managementpercent standard deviation calculatorarithmetic in excelformula for weighted average cost of capitalnotional value of futurescalculation of skewness and kurtosissharpe theory13f filings databasecredit suisse etnoptions greeks calculatormerton scholesinverse volatilityapple share price history graphmean deviation calculatordelta calculator optionsvix futurecalculating volatility of stockwhat is delta gamma theta vega in optionsmini vix futureseuro usd etfexponential function in excelhow implied volatility is calculatedsquare root of 3.24nifty call put option calculatorpricing excel template