Symbols

SVXY

ProShares Short VIX Short-Term Futures ETF·CBOE

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Key Stats

Assets Under Management

186.34MUSD

Fund Flow (1Y)

-440.53MUSD

Dividend Yield

Discount / Premium to NAV

-0.20%

Shares Outstanding

4.00M

Expense Ratio

0.95%

About ProShares Short VIX Short-Term Futures ETF

Issuer

ProShare Advisors

Brand

ProShares

Home Page

https://www.proshares.com/our-etfs/strategic/svxy

Inception Date

Oct 3, 2011

Structure

Commodities Pool

Index Tracked

S&P 500 VIX Short-Term Futures Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

No distributions

Income Tax Type

60/40

Max ST Capital Gains Rate

27.84%

Max LT Capital Gains Rate

27.84%

Primary Advisor

ProShare Advisors LLC

Distributor

SEI Investments Distribution Co.

SVXY offers daily -0.5x exposure to short-term VIX futures in a commodity pool wrapper. VIX futures allow investors to invest based on their view of the forward implied market volatility of the S&P 500. The fund offers inverse exposure to the S&P 500 VIX Short-Term Futures Index, which is the index tracked by the known volatility fund, VXX. Note that SVXY does not provide inverse exposure to the VIX index itself. It's a tactical tool designed for short-term exposure. Structured as a commodity pool, the fund avoids counterparty risk, but delivers K-1's at tax time. Prior to February 28, 2018, the fund provided -1.0x exposure.