-1x Short VIX Futures ETF (SVIX) Performance
SVIX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.5% since Dec 31, 2025
- 1 year
- +32.1% total return
- 3 years
- +3.1% a year
- Since first price
- +13.3% a year since 2022
SVIX trailing returns vs SPY, QQQ, AGG
| Period | SVIX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −8.3% | −8.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +15.1% | +15.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +42.9% | +42.9% | +7.8% | +8.4% | −1.5% |
| YTD | +9.5% | +9.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +32.1% | +32.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +9.5%+3.1%/yr | +9.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionMar 28, 2022 | +76.9%+13.3%/yr | +76.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SVIX vs SPY
From Mar 28, 2022: SVIX grew to $17,687, SPY to $17,705.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SVIX returns by calendar year
1 of 3 full years positive. Best 2023 (+157.4%), worst 2024 (−32.8%). 2026 is year to date.
SVIX annual returns table
| Year | SVIX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.5% | −42.7% | +12.3% | +15.1% | −1.0% |
| 2025 | −4.5% | −61.2% | +17.7% | +20.8% | +7.2% |
| 2024 | −32.8% | −62.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +157.4% | −31.8% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SVIX largest drawdowns
Now 47.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 12, 2024 | −79.3% | Apr 10, 2025 | not yet | 9 months | 2.3 years so far |
| Apr 4, 2022 | −39.4% | Jun 13, 2022 | Jan 6, 2023 | 2 months | 9 months |
| Sep 14, 2023 | −31.8% | Oct 27, 2023 | Nov 24, 2023 | 43 days | 2 months |
| Mar 6, 2023 | −27.6% | Mar 17, 2023 | Apr 17, 2023 | 11 days | 42 days |
| Mar 27, 2024 | −18.8% | Apr 15, 2024 | May 8, 2024 | 19 days | 42 days |
| Jul 26, 2023 | −16.1% | Aug 17, 2023 | Aug 30, 2023 | 22 days | 35 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SVIX risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +1.0% | +17.2% |
| Volatility (annualized) | 55.1% | 54.5% |
| Sharpe ratio | 0.22 | 0.50 |
| Sortino ratio | 0.32 | 0.77 |
| Best month | +33.5% | +36.2% |
| Worst month | −39.1% | −39.1% |
| Best 12 months | +57.7% | +170.4% |
| Worst 12 months | −68.8% | −68.8% |
| Positive months | 58% | 59% |
| Beta vs S&P 500 | 3.14 | — |
| Correlation with S&P 500 | 0.71 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SVIX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 44 | −68.8% | +34.3% | +170.4% | 57% |
| 3-year (a year) | 20 | −7.3% | +7.2% | +27.5% | 80% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
SVIX performance overview
-1x Short VIX Futures ETF (SVIX) returned +32.1% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +13.3% a year, turning $10,000 into about $17,687. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −79.3%, from Jul 12, 2024 to Apr 10, 2025; the fund has not yet regained that high. SVIX finished 1 of its 3 full calendar years with a gain; the best year was 2023 (+157.4%) and the worst 2024 (−32.8%). Volatility has been 54.5% a year.
Related: SVIX chart. See the SVIX overview for the latest quote and fund facts.
SVIX performance FAQ
What is the SVIX return over the past year?
SVIX returned +32.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 32.1%.
How much would $10,000 invested in SVIX be worth?
$10,000 invested in SVIX at its first recorded close on March 28, 2022 would be worth about $17,687 on October 23, 2026 with distributions reinvested.
What was the worst year for SVIX?
The worst calendar year was 2024, with a total return of −32.8%. The best was 2023 at +157.4%.
What is the biggest drawdown of SVIX?
The largest peak-to-trough decline was −79.3% between July 12, 2024 and April 10, 2025. It has not yet recovered to that high; it is 47.7% below its peak.
How volatile is SVIX?
Over the past 3 years SVIX had an annualized volatility of 55.1% and a Sharpe ratio of 0.22 (excess return over 1–3 month T-bills per unit of risk).