SVXY
ProShares Short VIX Short-Term Futures ETF -0.5x Shares
7월 28일 3:52 PM ET (한국 7/29 04:52)
$56.93
+0.11 ▲ +0.19%
SVXY ETF is analyzed across 10 metrics including expense ratio, holdings, sector allocation, dividends, RSI, and MACD.
Total Expense Ratio
0.95%
Annual operating cost
Net Assets (AUM)
$223M
약 3049억원
Holdings
5 items
Dividend Yield
-
Management Style
Passive
| Category | Equity - Leveraged / Inverse | Asset Type | Equities (Stocks) | Return% 1Y | 25.79% | Total Holdings | 5 | Perf Week | -0.35% |
| ETF Type | US Equities | Active/Passive | Passive | Return% 3Y | 9.65% | AUM | $223M | Perf Month | 2.37% |
| Expense | 0.95% | NAV | $56.80 | Return% 5Y | 15.93% | 52W High | -3.43% | Perf Quarter | 14.46% |
| Dividend TTM | - | Div Gr. 3/5Y | - | Return% 10Y | -0.11% | 52W Low | 32.63% | Perf Half Y | 3.43% |
| Flows% 1M | -11.11% | Flows% YTD | -11.8% | Return% SI | 12.06% | Volatility(W/M) | 1.55% 1.66% | Perf YTD | 2.8% |
| SMA20 | -1.01% | SMA50 | 2.43% | SMA200 | 9.31% | RSI (14) | 50.9 | Beta | 1.32 |
| IPO | 2011/10/4 | Prev Close | $56.82 | Perf Year | 25.31% | Avg Volume | 1.46M | Price | $56.93 |
ProShares Short VIX Short-Term Futures ETF -0.5x Shares (SVXY) Investment Analysis
ETF Overview
ProShares Short VIX Short-Term Futures ETF -0.5x Shares · Equity - Leveraged / Inverse
인버스형 — 지수 하락에 베팅 (단기 헤지용 · 고위험)
2011년 상장, 15년 운영 중.
ProShares Short VIX Short-Term Futures ETF는 수수료 및 비용 차감 전 기준으로 S&P 500 VIX Short-Term Futures 지수 일간 성과의 인버스 0.5배(-0.5x)에 해당하는 일간 투자 성과를 목표로 합니다. 이 지수는 공개 거래되는 선물 시장을 통해 30일 후의 S&P 500 기대 변동성(내재 변동성)을 측정하고자 합니다.
📘 SVXY ETF 자세히 알아보기 →futuresvolatility-indexvixinverse
- 규모
- $223M 약 3049억원
- 운용사
- ProShares
- 운용 방식
- 패시브 (지수 추종)
- 상장일
- 2011년
Cost Efficiency
Annual Expense Ratio · Category Rank · Long-Term Cost Impact
Average expense ratio — 0.95% annually
Mid-range within the Equity - Leveraged / Inverse category.
Effective Annual Expense Ratio (Net Expense Ratio)
평균권0.95%
My positionMid-range
Low range Average High range
Actual Cost Simulation by Investment Amount
$100.0M
Annual Expense Ratio
$950K
Save $20K per year vs. category average
Category Median Annual Cost
$970K
Based on expense ratio of 0.97%
10-Year Cumulative Expense Ratio (Long-term simulation assuming 7% annual market growth)
$16.8M
17.4% of returns you could have earned goes to the fund manager due to fees
Because the expense ratio takes a slice of your assets every year, costs compound over 10 years and result in far greater losses than a simple sum (annual fee × 10). The 7% annual return assumption is based on the S&P 500's long-term average.
Defaults shown against $100K baseline portfolio. Adjust the slider to update the amount in real time.
Cheaper alternatives in the same category
TOPW
Roundhill Top WeeklyPay ETF
0.32%
-0.63%p annually
FNGU
MicroSectors FANG+ 3X Leveraged ETNs
0.35%
-0.60%p annually
SPDN
Direxion Daily S&P 500 Bear 1X ETF
0.48%
-0.47%p annually
* A lower fee does not necessarily mean a better ETF. Consider the tracked index, liquidity, and tax treatment as well.
Long-Term Performance
1-year · 3-year · 5-year · 10-year returns · vs. benchmark · drawdown defense
Upper-tier returns in its category
상위 25% within Equity - Leveraged / Inverse.+8.0%p vs. benchmark (SPY) over 1Y.
ℹ️ The "1Y·3Y·5Y·10Y" periods below represent annualized returns (CAGR) measured backward from today. Example: "3Y +12%" means the investment grew at a compounded 12% per year over the past three years.
↩️ Inverse ETF — for short-term hedging only
These products bet on declines in the underlying index. By construction, "if the index rises, the ETF falls," so it is not unusual to see a negative annualized return (−). The daily reset mechanism causes significant compounding decay over longer holding periods. Long-term holding is not recommended outside of hedging or short-term trading purposes.
If you had invested 10 year(s) ago
$100.0M
Today's value
$98.9M
→
Total loss
$-1,094,571
Annualized -0.1%
1 Year
2025.07 ~ 2026.07
Annualized +25.79%
평균권Outperformed the benchmark by 8.0%p annually
My positionMid-range
Low range Average High range
3 Years
2023.07 ~ 2026.07
Annualized +9.65% Cumulative +31.8%
평균권Trailed the benchmark by 9.3%p annually
My positionMid-range
Low range Average High range
5 Years
2021.07 ~ 2026.07
Annualized +15.93% Cumulative +109.4%
상위 25%Outperformed the benchmark by 3.0%p annually
My positionTop 25%
Low range Average High range
10Y
2016.07 ~ 2026.07
Annualized -0.11% Cumulative -1.1%
평균권Trailed the benchmark by 15.0%p annually
My positionMid-range
Low range Average High range
10Y Cumulative Total Return Curve
2016-07-28 start, based on a 100M KRW base — read the curve values directly as units of 100M KRW (e.g., 308 → 3.08억 / 308M KRW). Both this ETF and the benchmark are rebased to 100 on the same start date for comparison.
SVXY · Price Only SVXY · Price + Cumulative Dividends SVXY · Dividend Reinvested S&P 500 (SPY)
0
150
300
450
ℹ️ Price Only: Excludes dividends and tracks pure stock price only. Covered-call and high-dividend ETFs often show a flat or declining line on this view, which is meaningful from a "principal preservation" standpoint. Price + Cumulative Dividend: Share count stays the same and received dividends are accumulated as cash. Closely matches your actual account total assets. Reinvested: Dividends are immediately used to buy additional shares (adjClose-based, the industry standard for total return). The wider the gap between the three lines, the easier it is to gauge the effectiveness of the dividend strategy.
Annual Return Comparison
ETF returns vs S&P 500 (SPY) by calendar year
SVXY S&P 500 (SPY)
+170%
0%
−170%
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026 YTD
💡 Inverse ETFs are the mirror image — positive returns in years the benchmark falls, losses in years it rises.
ℹ️ Returns from January 1 to December 31 of each year. The current year (2026) column is dimmed to indicate YTD (incomplete). If blue is higher than gray, the ETF outperformed the benchmark in that year.
Win rate vs S&P 500 (SPY)
5 / 9Y
Roughly even with benchmark (56%)
+ 2026 YTD: Behind (2.0% vs 8.5%)
2017 ✓
2018 ✗
2019 ✓
2020 ✗
2021 ✓
2022 ✓
2023 ✓
2024 ✗
2025 ✗
2026 ✗ YTD
💡 Inverses only win in down years — not suitable as a long-term win-rate metric.
ℹ️ Number of winning years versus S&P 500 (SPY) within a completed calendar year (1/1–12/31). The current year (YTD) is reported separately.
Downside Capture
192%
Falls more than the benchmark — vulnerable in drawdowns
<85% (Defend) 85~110% (Track) >110% (Lag)
💡 Inverses rise when the benchmark falls and fall when it rises — the usual interpretation of this metric is reversed.
ℹ️ Average % drop of this ETF when S&P 500 (SPY) is −1%. Based on daily returns over the past 3 years (only days where the benchmark is negative).
Risk Profile
Volatility · Beta · Max Drawdown · Sharpe · Drawdown Recovery History
Overall Risk Grade
High Risk
These products move opposite to the market. The longer you hold them, the more losses accumulate over time, making them suitable only for short-term hedging.
↩️ Inverse ETFs — Negative Beta is normal
Because they move opposite to the index, a negative Beta or one near −1 is expected. Volatility is similar to the underlying index. These are intended for short-term hedging and are unsuitable for long-term holding.
Beta (market sensitivity)
평균권1.32
If the market rises +10% +13.2%
If the market falls -10% -13.2%
My positionMid-range
Low range Average High range
ℹ️ A beta of 1.0 moves in line with the market. Above 1 means it moves more than the market; below 1 means less.
Average daily range (last 1 month)
상위 25%±1.66%
S&P 500 typically ±1.0~1.3% · Bond funds ±0.3% · Leveraged ETFs ±3% or more
Annual volatility trend (past 10 years)
ℹ️ This ETF's average daily price swing. 1% means "on average, moves about ±1% per day." The rolling curve below shows the annualized volatility (long-term standard measure) over time.
Max Drawdown · Past 10 years
-95.2%
2015-07-31 Worst -95% 2026-07-01
ℹ️ Maximum drawdown is the largest peak-to-trough decline in the past. It represents the worst-case loss a long-term investor must psychologically endure.
Sharpe Ratio (Risk-Adjusted Return)
-0.14
Poor — Underperforms the risk-free rate
ℹ️ Annualized return minus the risk-free rate (3% annualized), divided by annualized volatility. A value above 1.0 is generally considered good risk-adjusted performance.
Estimated Monthly Maximum Loss (VaR 95%)
-17.5%
Historically, monthly losses exceeding this figure occurred only5%of the time.
ℹ️ A statistical estimate meaning "with 95% probability, monthly losses will not exceed this amount." The remaining 5% corresponds to crisis-level events such as financial crises or pandemics.
Overall investment appeal
What this ETF fits best — strengths, weaknesses, and target investor profile
Designed for short-term trading Not recommended for long-term investing, but suitable for short-term trading and hedging.
⚠️ Short-term hedge that moves opposite to the market. Time decay causes losses to accumulate on long holds.
🎯 목적별 적합도
내가 이 ETF를 어떤 목적으로 활용할 수 있는지 확인하세요.
매우 낮음
부적합
매우 적합
매우 낮음
이런 분에게 어울려요
For short-term hedging and downside bets
✅ 강점
- 📈Top-tier long-term returns
- 🛡️Below-average volatility
- 🎯Outperforms benchmark by +3.0%p annually
⚠️ 약점·주의사항
- 🔄Inverse — time decay losses accumulate the longer you hold
Category Peers
Category: Equity - Leveraged / Inverse
같은 카테고리 6종 중 AUM 6/6위 · 보수율 3/6위
카테고리: Equity - Leveraged / Inverse
ℹ️ 왜 비교해야 하나요?
같은 카테고리 ETF끼리는 보수율·규모(AUM)·배당률을 비교해 볼 가치가 있어요. 보수율은 낮을수록 장기 수익에 유리하고, AUM이 크면 운용 안정성이 높아요. ▲ 표시는 SVXY보다 유리, ▼ 표시는 SVXY보다 불리를 뜻해요.
| 티커 | ETF명 | 보수율 | AUM | 보유종목 | 배당률 | YTD | 1년 |
|---|---|---|---|---|---|---|---|
| SVXY | ProShares Short VIX Short-Term Futures ETF -0.5x Shares | 0.95% | $223M | 5 | - | +2.80% | +25.31% |
| ProShares UltraPro Short QQQ -3x Shares | 0.95% | $2.1B ▲ | 22 | 8.84% | - | -50.44% ▼ | |
| Direxion Daily Semiconductor Bear 3X ETF | 1% ▼ | $1.7B ▲ | 13 | 41.28% | - | -96.41% ▼ | |
| ProShares Short S&P500 -1x Shares | 0.89% ▲ | $915M ▲ | 19 | 4.15% | - | -13.48% ▼ | |
| ProShares Short QQQ -1x Shares | 0.95% | $787M ▲ | 19 | 4.22% | - | -17.84% ▼ | |
| ProShares UltraShort S&P500 -2x Shares | 0.91% ▲ | $430M ▲ | 23 | 5.19% | - | -26.14% ▼ |
AUM 내림차순 정렬 · ▲ SVXY보다 유리 · ▼ SVXY보다 불리
Leveraged & Covered Call ETFs on the Same Theme
ETFs that approach the same theme with a different strategy
17 ETFs tracking the same theme as SVXY using leveraged or covered call strategies (Leverage 8 · Inverse 8 · Covered Call 1)
Not direct derivatives of SVXY, but ETFs that cover the same theme via a different strategy.
ℹ️ Which ETFs are included?
Among ETFs whose theme (category or sector) overlaps with SVXY, some use special strategies. Leveraged ETFs aim for 2–3× the daily move, Inverse ETFs seek opposite-direction returns, and Covered Call ETFs generate monthly income from option premiums.
⚠️ Caution: Long-Term Holding
Leveraged and inverse ETFs track only the daily return. With high volatility, holding them for longer periods causes cumulative volatility decay—returns diverge further from the underlying index. They are meant for short-term trading.
Leverage 8 ETFs that amplify the same theme by 2-3x (high volatility)
AGQ
ProShares Ultra Silver 2x Shares
+1.14%
$1.2B
BITX
2x Bitcoin ETF
+2.13%
$906M
ETHU
2x Ether ETF
+9.04%
$714M
UGL
ProShares Ultra Gold 2x Shares
+1.37%
$663M
SVOL
Simplify Volatility Premium ETF
-0.44%
$526M
UCO
ProShares Ultra Bloomberg Crude Oil 2x Shares
-9.42%
$450M
BOIL
ProShares Ultra Bloomberg Natural Gas 2x Shares
-8.19%
$374M
UVIX
2x Long VIX Futures ETF
-1.51%
$250M
Inverse 8 ETFs that bet on declines in the same theme
SCO
ProShares UltraShort Bloomberg Crude Oil -2x Shares
+9.66%
$683M
SVIX
-1x Short VIX Futures ETF
+0.04%
$176M
GLL
ProShares UltraShort Gold -2x Shares
-1.40%
$126M
BITI
ProShares Short Bitcoin ETF
-1.11%
$109M
KOLD
ProShares UltraShort Bloomberg Natural Gas -2x Shares
+8.56%
$109M
UDN
Invesco DB US Dollar Index Bearish Fund -1x Shares
-0.06%
$107M
ZSL
ProShares UltraShort Silver -2x Shares
-1.10%
$67M
ETHD
ProShares UltraShort Ether ETF
-8.94%
$51M
Covered Call & Options 1 ETFs that add a monthly dividend via covered calls on the same theme
FAQ
What kind of ETF is SVXY?
SVXY is an ETF in the Equity - Leveraged / Inverse category, managed by ProShares.
How many holdings does SVXY have?
SVXY holds a total of 5 securities, with an AUM of approximately $223M.
What is the 52-week high and low for SVXY?
SVXY has recorded a 52-week high of $58.95 and a low of $42.92.
면책조항: 본 콘텐츠는 참고 자료이며 투자 권유가 아닙니다. 모든 투자의 책임은 투자자 본인에게 있습니다.