ProShares VIX Short-Term Futures ETF

10-Year Study

VIXY.US · · US · ETF

Executive Summary: ProShares VIX Short-Term Futures ETF has compounded at -46.6% annually over the last 10 years, with a maximum drawdown of 99.9% and an annualized volatility of 44.1%.

1Y CAGR
-49.3%
3Y CAGR
-41.9%
5Y CAGR
-45.7%
10Y CAGR
-46.6%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
99.9%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.67
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-1.67
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
62.2%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2018 · +66.8%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2017 · -72.8%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
30%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20264.24.323.3-17.6————————10.3%
2025-3.73.212.325.6-16.4-11.2-11.5-15.0-8.42.3-5.8-17.6-43.0%
2024-2.8-10.5-3.94.5-15.5-5.25.5-3.911.416.7-26.67.2-27.4%
2023-19.61.9-2.9-16.2-9.0-27.7-9.2-5.18.30.5-26.3-10.1-72.7%
202215.212.4-15.724.5-15.24.3-20.20.217.2-16.4-15.6-5.6-25.0%
202125.9-24.6-28.4-12.0-13.9-15.12.9-15.89.4-23.318.4-26.7-72.4%
20207.640.9101.3-18.1-12.11.7-15.6-6.3-7.16.5-35.3-2.310.5%
2019-24.5-11.4-7.0-12.118.7-14.6-9.314.0-11.8-16.7-16.7-8.3-67.8%
20187.147.96.7-12.3-11.0-0.1-15.2-7.5-8.441.1-8.336.166.8%
2017-23.9-5.1-14.3-5.0-10.2-5.4-12.33.2-15.4-13.4-5.8-12.7-72.8%
2016———-5.0-19.12.0-26.2-10.9-5.90.3-18.2-8.5-63.6%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 44.1%. The dominant macroeconomic risk driver is VIX.INDX, accounting for 56.5% of variance. Idiosyncratic stock-specific factors contribute 8.9%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-019503.424657534246
2016-05-017688.356164383562
2016-06-017842.465753424658
2016-07-015787.671232876713
2016-08-015154.109589041096
2016-09-014851.0273972602745
2016-10-014866.438356164384
2016-11-013979.452054794521
2016-12-013640.4109589041095
2017-01-012770.5479452054797
2017-02-012630.1369863013697
2017-03-012255.1369863013697
2017-04-012142.123287671233
2017-05-011924.6575342465756
2017-06-011820.2054794520548
2017-07-011595.890410958904
2017-08-011646.4041095890411
2017-09-011392.5513698630139
2017-10-011205.4794520547946
2017-11-011135.7020547945206
2017-12-01991.0102739726027
2018-01-011061.6438356164383
2018-02-011570.6335616438355
2018-03-011675.941780821918
2018-04-011469.6061643835617
2018-05-011308.219178082192
2018-06-011306.5068493150684
2018-07-011107.8767123287673
2018-08-011024.8287671232877
2018-09-01939.2123287671234
2018-10-011324.914383561644
2018-11-011214.4691780821918
2018-12-011652.8253424657535
2019-01-011247.859589041096
2019-02-011105.3082191780823
2019-03-011028.2534246575342
2019-04-01904.1095890410958
2019-05-011073.2020547945206
2019-06-01916.095890410959
2019-07-01830.4794520547945
2019-08-01946.917808219178
2019-09-01835.6164383561643
2019-10-01696.0616438356163
2019-11-01580.0513698630137
2019-12-01532.1061643835617
2020-01-01572.3458904109589
2020-02-01806.5068493150686
2020-03-011623.7157534246576
2020-04-011330.0513698630136
2020-05-011168.6643835616437
2020-06-011188.3561643835617
2020-07-011003.4246575342466
2020-08-01940.4965753424657
2020-09-01873.7157534246576
2020-10-01930.2226027397261
2020-11-01602.3116438356163
2020-12-01588.1849315068494
2021-01-01740.582191780822
2021-02-01558.6472602739726
2021-03-01400.2568493150685
2021-04-01352.31164383561645
2021-05-01303.51027397260276
2021-06-01257.7054794520548
2021-07-01265.089897260274
2021-08-01223.13784246575344
2021-09-01244.0068493150685
2021-10-01187.1789383561644
2021-11-01221.53253424657532
2021-12-01162.3501712328767
2022-01-01187.07191780821918
2022-02-01210.29537671232876
2022-03-01177.3330479452055
2022-04-01220.78339041095893
2022-05-01187.1789383561644
2022-06-01195.3125
2022-07-01155.82191780821918
2022-08-01156.14297945205482
2022-09-01183.00513698630138
2022-10-01152.93236301369862
2022-11-01129.0667808219178
2022-12-01121.78938356164383
2023-01-0197.923801369863
2023-02-0199.7431506849315
2023-03-0196.85359589041096
2023-04-0181.12157534246576
2023-05-0173.84417808219177
2023-06-0153.42465753424658
2023-07-0148.52311643835616
2023-08-0146.06164383561644
2023-09-0149.87157534246575
2023-10-0150.128424657534254
2023-11-0136.94349315068494
2023-12-0133.19777397260274
2024-01-0132.27739726027397
2024-02-0128.87414383561644
2024-03-0127.73972602739726
2024-04-0128.981164383561644
2024-05-0124.486301369863014
2024-06-0123.223458904109588
2024-07-0124.507705479452053
2024-08-0123.544520547945204
2024-09-0126.22003424657534
2024-10-0130.607876712328768
2024-11-0122.46896404109589
2024-12-0124.090325342465757
2025-01-0123.20740582191781
2025-02-0123.956549657534246
2025-03-0126.894263698630134
2025-04-0133.78638698630137
2025-05-0128.23737157534247
2025-06-0125.085616438356166
2025-07-0122.201412671232877
2025-08-0118.867722602739725
2025-09-0117.283818493150683
2025-10-0117.674443493150687
2025-11-0116.657748287671232
2025-12-0113.720034246575343
2026-01-0114.292594178082192
2026-02-0114.907962328767121
2026-03-0118.380779109589042
2026-04-0115.138056506849315
Annual Return Matrix
YearAnnual Return
2017-0.7277751646284101
20180.667818574514039
2019-0.6780626780626782
20200.1053901850362029
2021-0.7239810771470161
2022-0.24983520105471324
2023-0.7274165202108963
2024-0.2743391360412636
2025-0.4304753442914261
20260.10335413416536654
Total Factor Risk
0.4410820508617248
VTI.US Exposure
0.13990073805323913
VEA.US Exposure
0.03940490675883245
VWO.US Exposure
0.06215230154879273
QQQ.US Exposure
-0.04089192049614443
VTV.US Exposure
0.07058799769515568
IJR.US Exposure
-0.0031787366980170996
QUAL.US Exposure
-0.02326648859837056
SHV.US Exposure
0.06455272524924376
TLT.US Exposure
-0.0029357127911672815
LQD.US Exposure
0.010593790572327995
HYG.US Exposure
0.025798268076219828
GLD.US Exposure
0.0011105178060686071
USO.US Exposure
0.004631738466981246
VNQ.US Exposure
0.022649089466028283
BTC-USD.CC Exposure
-0.011212443737435948
CPER.US Exposure
-0.003034267518906305
VIX.INDX Exposure
0.5651594982542981
UUP.US Exposure
-0.009348631449678332
TIP.US Exposure
-0.0015907715507079612
Idiosyncratic Exposure
0.08891740089324003
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
44.1%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-7.1%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-14.1%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
61.8% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
76.06
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is ProShares VIX Short-Term Futures ETF a high-risk investment?

ProShares VIX Short-Term Futures ETF (VIXY.US) has an annualized volatility of 44.1% and experienced a maximum drawdown of 99.9% over the last 10 years. Its primary macro risk driver is VIX.INDX.

What is the 10-year return of VIXY.US?

Over the past 10 years, VIXY.US has generated a Compound Annual Growth Rate (CAGR) of -46.6%. It has had a positive return in 30% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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