UVIX ETF — 2x Long VIX Futures ETF

2x Long VIX Futures ETF (UVIX)

Updated October 16, 2026.

UVIX is an ETF linked to VIX Futures. its expense ratio is 4.13%. Total return is -100.0% over the past 4.5 years, 176.7 points behind SPY at 76.7%.

This ETF seeks to deliver twice the daily performance of the S&P 500 VIX Short-Term Futures Index, which tracks a rolling portfolio of near-term VIX futures contracts designed to measure equity market volatility. The fund does not distribute income and carries a substantial expense ratio. It appeals to traders and active investors seeking leveraged exposure to volatility movements on a short-term basis, rather than to income-focused investors.

UVIX performance versus SPY

Price and return data through 2026-10-16.

Total return is -100.0% over the past 4.5 years, 176.7 points behind SPY at 76.7%. Over the past year its total return — price change plus distributions reinvested — is -85.9%. Its deepest 1-year drawdown was 88.3%.

UVIX key facts

Issuer

Volatility Shares

Asset type

ETF

Asset class

Volatility

Inception date

03/28/2022

Expense ratio

4.13%

Distribution frequency

None

Last close

$39.59 (as of 2026-10-16)

AUM

$142,761,168

Average volume

8032150.0

Beta

-4.45

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 or company page; Index: VIX Futures; 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.

UVIX risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 88.3%.

Who may consider UVIX — and who may not

It is a weaker fit for investors who need monthly cash flow (UVIX does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on UVIX

• All tickers starting with U

Tagged: Leverage, VIX.

Frequently asked questions

More securities from Volatility Shares.