SVIX ETF — -1x Short VIX Futures ETF

-1x Short VIX Futures ETF (SVIX)

Updated October 16, 2026.

SVIX is an ETF. its expense ratio is 3.93%. Total return is 79.3% over the past 4.6 years, 1.5 points ahead of SPY at 77.8%.

This ETF seeks to deliver the inverse of the daily performance of first and second month VIX futures contracts, with the underlying portfolio rolled daily to maintain consistent contract maturity. The fund does not distribute income to shareholders and carries an expense ratio of 3.93%. It appeals to traders and tactical investors seeking short-term exposure that profits from declining volatility, rather than to buy-and-hold income investors.

SVIX performance versus SPY

Price and return data through 2026-10-16.

Total return is 79.3% over the past 4.6 years, 1.5 points ahead of SPY at 77.8%. Over the past year its total return — price change plus distributions reinvested — is 56.7%. Its deepest 1-year drawdown was 42.7%.

SVIX key facts

Issuer

Volatility Shares

Asset type

ETF

Asset class

Equity

Inception date

03/28/2022

Expense ratio

3.93%

Distribution frequency

None

Last close

$26.90 (as of 2026-10-16)

AUM

$138,325,595

Average volume

8750083.0

Beta

3.03

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Volatility Shares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SVIX risks and drawbacks

The deepest 1-year drawdown on record here is 42.7%.

Who may consider SVIX — and who may not

It is a weaker fit for investors who need monthly cash flow (SVIX does not currently distribute). This is educational context, not a recommendation to buy or sell.

More on SVIX

• All tickers starting with S

Tagged: Short, VIX.

Frequently asked questions

More securities from Volatility Shares.