SVXY
ProShares Short VIX Short-Term Futures ETFSVXY Fund Description
SVXY provides inverse exposure to an index comprising first- and second-month VIX future positions resulting in a weighted average maturity of one month.
SVXY Factset Analytics Insight
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.
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SVXY Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SVXY. SVXY is rated a 5 out of 5.