VIXM
VIX Mid-Term Futures ETF
Investment Objective
ProShares VIX Mid-Term Futures ETF seeks investment results, before fees and expenses, that track the performance of the S&P 500 VIX Mid-Term Futures Index.
Documents & Downloads
You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)
Performance
Growth of $10,000
Since Inception
Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.
Total Return
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| VIXM Market Price | 4.89% | 5.11% | -23.97% | -32.94% | -38.55% | -20.95% | -3.95% | -13.67% | -19.33% | 01/03/2011 |
| VIXM NAV | 4.68% | 5.03% | -24.12% | -33.14% | -38.62% | -21.27% | -4.02% | -13.69% | -19.34% | 01/03/2011 |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| VIXM Market Price | 1.68% | -5.23% | -27.63% | -36.07% | -45.32% | -21.86% | -1.26% | -14.42% | -19.75% | 01/03/2011 |
| VIXM NAV | 1.94% | -5.19% | -27.50% | -36.13% | -45.29% | -22.04% | -1.14% | -14.47% | -19.74% | 01/03/2011 |
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. Your 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 above.
About the Fund
Snapshot
- Ticker VIXM
- Intraday Ticker VIXM.IV
- CUSIP 74347W338
- Inception Date 1/3/11
- Expense Ratio 0.85%
- Gross Expense Ratio 0.85%
- NAV Calculation Time 4:00 p.m. ET
- Distributions Quarterly
Price
as of 12/05/2023- NAV $17.25
- NAV Change $-0.06
- Market Price $17.28
- Market Price Change $0.00
- Trading Volume (M) 42,777
- 30-Day Median Bid Ask Spread 0.17%
- View Premium / Discount
Snapshot
- Ticker VIXM
- Intraday Ticker VIXM.IV
- CUSIP 74347W338
- Inception Date 1/3/11
- Expense Ratio 0.85%
- Gross Expense Ratio 0.85%
- NAV Calculation Time 4:00 p.m. ET
- Distributions Quarterly
Price
as of 12/05/2023- NAV $17.25
- NAV Change $-0.06
- Market Price $17.28
- Market Price Change $0.00
- Trading Volume (M) 42,777
- 30-Day Median Bid Ask Spread 0.17%
- View Premium / Discount
Holdings
as of 12/05/2023
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 33.59% | -- | CBOE VIX FUTURE MAY24 | 12,530,000 | -- | 700 | -- |
| 33.03% | -- | CBOE VIX FUTURE APR24 | 12,321,680 | -- | 700 | -- |
| 20.02% | -- | CBOE VIX FUTURE JUN24 | 7,466,400 | -- | 408 | -- |
| 13.35% | -- | CBOE VIX FUTURE MAR24 | 4,978,366 | -- | 292 | -- |
| -- | -- | NET OTHER ASSETS / CASH | -- | $37,302,103.82 | 37,302,104 | -- |
Index
About the Index
The S&P 500 VIX Mid-Term Futures Index measures the returns of a portfolio of monthly VIX futures contracts that rolls positions from fourth-month contracts into seventh-month contracts, while maintaining positions in fifth- and sixth-month contracts, on a daily basis. The index maintains a weighted average of five months to expiration.
VIX futures contracts price the market's view of the value of the Cboe Volatility Index (VIX) on the expiration dates of such futures contracts. The VIX measures expected volatility of the S&P 500 over the next 30 days and is calculated based on the price of a constantly changing portfolio of options on the S&P 500. The VIX is not directly investable.
Unlike other asset classes that have tended to increase in price over long periods of time, the level of the VIX has tended to revert to a long-term average over time. As such, any gains from investments in VIX futures contracts may be constrained and subject to unexpected reversals as the VIX reverts to its long-term average. VIX futures indexes have historically reflected significant costs associated with rolling VIX futures contracts on a daily basis. These costs can consistently reduce returns over time. VIX futures indexes can be highly volatile.