2x Long VIX Futures ETF (UVIX) Performance
UVIX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −64.5% since Dec 31, 2025
- 1 year
- −79.1% total return
- 3 years
- −82.8% a year
- Since first price
- −83.5% a year since 2022
UVIX trailing returns vs SPY, QQQ, AGG
| Period | UVIX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +11.8% | +11.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −36.3% | −36.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −65.2% | −65.2% | +7.8% | +8.4% | −1.5% |
| YTD | −64.5% | −64.5% | +12.3% | +15.1% | −1.0% |
| 1 year | −79.1% | −79.1% | +14.4% | +15.9% | −1.1% |
| 3 years | −99.5%−82.8%/yr | −99.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionMar 30, 2022 | −99.97%−83.5%/yr | −99.97% | — | — | — |
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: UVIX vs SPY
From Mar 30, 2022: UVIX grew to $3, SPY to $17,597.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
UVIX returns by calendar year
0 of 3 full years positive. Best 2024 (−75.2%), worst 2023 (−95.3%). 2026 is year to date.
UVIX annual returns table
| Year | UVIX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −64.5% | −84.9% | +12.3% | +15.1% | −1.0% |
| 2025 | −83.2% | −93.9% | +17.7% | +20.8% | +7.2% |
| 2024 | −75.2% | −84.5% | +24.9% | +25.6% | +1.3% |
| 2023 | −95.3% | −95.2% | +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.
UVIX largest drawdowns
Now 99.98% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 9, 2022 | −99.99% | Oct 13, 2026 | not yet | 4.4 years | 4.5 years so far |
| Apr 29, 2022 | −30.4% | May 4, 2022 | May 9, 2022 | 5 days | 10 days |
| Apr 11, 2022 | −23.0% | Apr 20, 2022 | Apr 22, 2022 | 9 days | 11 days |
| Mar 31, 2022 | −15.5% | Apr 4, 2022 | Apr 6, 2022 | 4 days | 6 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
UVIX risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | −82.6% | −84.6% |
| Volatility (annualized) | 72.2% | 76.6% |
| Sharpe ratio | -1.92 | -1.90 |
| Sortino ratio | -1.86 | -1.87 |
| Best month | +37.9% | +44.5% |
| Worst month | −47.5% | −49.3% |
| Best 12 months | −51.0% | −51.0% |
| Worst 12 months | −88.1% | −95.3% |
| Positive months | 31% | 28% |
| Beta vs S&P 500 | -4.45 | — |
| Correlation with S&P 500 | -0.77 | — |
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.
UVIX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 44 | −95.3% | −83.8% | −51.0% | 0% |
| 3-year (a year) | 20 | −88.8% | −84.6% | −80.2% | 0% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
UVIX performance overview
2x Long VIX Futures ETF (UVIX) returned −79.1% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned −83.5% a year, turning $10,000 into about $3. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.99%, from May 9, 2022 to Oct 13, 2026; the fund has not yet regained that high. UVIX finished 0 of its 3 full calendar years with a gain; the best year was 2024 (−75.2%) and the worst 2023 (−95.3%). Volatility has been 76.6% a year.
Related: UVIX chart. See the UVIX overview for the latest quote and fund facts.
UVIX performance FAQ
What is the UVIX return over the past year?
UVIX returned −79.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 79.1%.
How much would $10,000 invested in UVIX be worth?
$10,000 invested in UVIX at its first recorded close on March 30, 2022 would be worth about $3 on October 23, 2026 with distributions reinvested.
What was the worst year for UVIX?
The worst calendar year was 2023, with a total return of −95.3%. The best was 2024 at −75.2%.
What is the biggest drawdown of UVIX?
The largest peak-to-trough decline was −99.99% between May 9, 2022 and October 13, 2026. It has not yet recovered to that high; it is 99.98% below its peak.
How volatile is UVIX?
Over the past 3 years UVIX had an annualized volatility of 72.2% and a Sharpe ratio of -1.92 (excess return over 1–3 month T-bills per unit of risk).