UVIX
2x Long VIX Futures ETF
The 2x Long VIX Futures ETF seeks to provide investors with two times the daily performance of the CBOE Volatility Index (VIX) futures contracts, aiming to capitalize on increases in market volatility.
Risk Management
DERIVATIVES
Passive
MANAGEMENT STYLE
211.8 M
ASSETS UNDER MGMT
278 bp
EXPENSES
Fund Basics
| Fund sponsor | Volatility Shares |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Mar 28, 2022 |
| Assets (mns) | $211 |
| Expense ratio | 278 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| CBOE VIX FUTURE MAY25 | 100.2 % |
| CASH & OTHER | 100.0 % |
| CBOE VIX FUTURE JUN25 | 99.8 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 31.3% | -51.0% | -79.9% | -84.6% | -- | -- | -- | -81.1% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | -- | 0.0% |
| Total Returns | 31.3% | -51.0% | -79.9% | -84.6% | -- | -- | -- | -81.1% | Ann. Volatility | 203.6% | 190.7% | 152.5% | 142.3% | -- | -- | -- | 143.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -5.02 | 58% |
| MSCI EAFE | -3.28 | 26% |
| MSCI Emg Mkts | -0.46 | 0% |
Liquidity Measures
| Avg. volume (000) | 6,254 |
| ADV traded (mns) | $277 |
| Turnover | 130.9% |
| Avg. Bid/Ask (% of price) | 0.05% |
Technical Indicators
| Recent close | $44.34 |
| 30d moving avg. | $48.59 |
| Annualized volatility | 79.2% |
| Relative strength (RSI) | 50 |
| Short interest | 24.9% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Passive Risk Management Derivatives ETFs |
| # of ETFs | 1 |
| Avg. Expense Ratio | 79.0 bp |
| Std. Deviation | 0 bp |
| UVIX (278 bp) Percentile rank | 88 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| UVIX | 278.0 | 5.2 | 283.2 |
| Peer Avg. | 90.6 | 32.1 | 122.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .