Ultra VIX Short-Term Futures ETF - UVXY Ultra VIX Short-Term Futures ETF

ProShares Ultra VIX Short-Term Futures ETF seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P 500 VIX Short-Term Futures Index.

UVXY provides leveraged exposure to the S&P 500 VIX Short-Term Futures Index, which measures the returns of a portfolio of monthly VIX futures contracts with a weighted average of one month to expiration.

  • Designed for knowledgeable investors who seek to:
  • Profit from increases in the expected volatility of the S&P 500, as measured by the prices of VIX futures contracts.
  • Reduce U.S. equity portfolio risk, since changes in the VIX Short-Term Futures Index have historically been negatively correlated to S&P 500 returns.
  • Intended for short-term use; investors should actively manage and monitor their investments, as frequently as daily.
  • Does not track the performance of the CBOE Volatility Index (VIX) and can be expected to perform very differently from the VIX.

This fund is not an investment company regulated under the Investment Company Act of 1940 and is not afforded its protections. Please read the prospectus carefully before investing.

This Ultra ProShares ETF seeks a return that is 2x the return of an index or other benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the prospectus.

  • Read more about ProShares Volatility ETFs and VIX futures indexes.
  • Learn more about considerations for geared investing.

Month-End Total Returns as of 9/30/17

  1 mo 3 mo 6 mo YTD 1 yr 3 yr 5 yr 10 yr Inception Inception Date Exp. Ratio Net Exp.1
NAV -28.54% -47.51% -68.14% -88.13% -93.89% -88.85% -87.23% -- -91.34% 10/3/11 0.95% 2 --
Market Price -29.31% -47.13% -68.15% -88.23% -93.81% -88.84% -87.28% -- -91.34% 10/3/11 0.95% 2 --

Quarter-End Total Returns as of 9/30/17

  1 mo 3 mo 6 mo YTD 1 yr 3 yr 5 yr 10 yr Inception Inception Date Exp. Ratio Net Exp.1
NAV -28.54% -47.51% -68.14% -88.13% -93.89% -88.85% -87.23% -- -91.34% 10/3/11 0.95% 2 --
Market Price -29.31% -47.13% -68.15% -88.23% -93.81% -88.84% -87.28% -- -91.34% 10/3/11 0.95% 2 --

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see Performance.

UVXY Current Quote and Chart

Since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

1 The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please view the Overview tab above.

2 Expense ratio does not include brokerage commissions and related fees paid by the fund.