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ETFs

-1x Short VIX Futures ETF

SVIX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 30 2022
Expense Ratio
1.98%
Type
US Equities
Fund Owner
Volatility Shares
Volume (1m avg. daily)
$56,132,090
AUM
$94,261,347
Associated Index
CBOE Short VIX Futures Index
Inverse/Leveraged
Inverse (-1)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
100.00%
n/a
Derivatives offset
99.96%
Invest with SVIX

What is SVIX?

The -1x Short VIX Futures ETF (Ticker: SVIX) seeks to provide daily investment results, before fees and expenses, that correspond generally to the Short VIX Futures Index (Ticker: SHORTVOL). The Short VIX Futures Index expresses the daily inverse performance of a theoretical portfolio of first and second month VIX futures contracts that are rolled daily. The Index determines its daily settlement price from the Time Weighted Average Price (TWAP) of its theoretical portfolio over the last 15 minutes of the regular equity trading session.

ETFs related toSVIX

ETFs correlated to SVIX include SVXY, LGRO, XAUG

SVIX
Volatility Shares Trust - 1x Short VIX Futures ETF
SVXY
ProShares Trust - ProShares Short VIX Short-Term Futures ETF -1x Shares
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
SVOL
Simplify Exchange Traded Funds - Simplify Volatility Premium ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
CVRD
Madison ETFs Trust - Madison Covered Call ETF
TJUL
Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 2 Yr to July 2025

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSVIX

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SVIX using Composer

FAQ

SVIX is a US Equities ETF. The -1x Short VIX Futures ETF (Ticker: SVIX) seeks to provide daily investment results, before fees and expenses, that correspond generally to the Short VIX Futures Index (Ticker: SHORTVOL). The Short VIX Futures Index expresses the daily inverse performance of a theoretical portfolio of first and second month VIX futures contracts that are rolled daily. The Index determines its daily settlement price from the Time Weighted Average Price (TWAP) of its theoretical portfolio over the last 15 minutes of the regular equity trading session.

SVIX tracks the CBOE Short VIX Futures Index.

No, SVIX is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SVIX is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SVIX is 0.0858%. This is the percent change in the value of SVIX over the most recent 1-month period. The 3-month return on SVIX is 0.0846%. This is the percent change in the value of SVIX over the most recent 3-month period.

The standard deviation of SVIX for the past year is 0.5088%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SVIX include SSO, QID, and SDS.

ETFs correlated to SVIX include SVXY, LGRO, and XAUG.

ETFs that are inversely correlated to SVIX include UVXY, VIXY, and UVIX.

Yes, SVIX is a Inverse (-1) ETF: This means that SVIX will try to match the performance of CBOE Short VIX Futures Index, but with 1x the returns.

Yes, SVIX is a Inverse (-1) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of CBOE Short VIX Futures Index, but move 1x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.