ProShares Ultra VIX Short-Term Futures ETF (UVXY) Performance
UVXY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −47.8% since Dec 31, 2025
- 1 year
- −64.1% total return
- 5 years
- −66.1% a year
- 10 years
- −66.3% a year
- Since first price
- −51.5% a year since 2011
UVXY trailing returns vs SPY, QQQ, AGG
| Period | UVXY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +10.1% | +10.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −26.9% | −26.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −51.9% | −51.9% | +7.8% | +8.4% | −1.5% |
| YTD | −47.8% | −47.8% | +12.3% | +15.1% | −1.0% |
| 1 year | −64.1% | −64.1% | +14.4% | +15.9% | −1.1% |
| 3 years | −95.9%−65.5%/yr | −95.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −99.6%−66.1%/yr | −99.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −100.00%−66.3%/yr | −100.00% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −100.00%−51.6%/yr | −100.00% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionOct 4, 2011 | −100.00%−51.5%/yr | −100.00% | — | — | — |
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: UVXY vs SPY
From Oct 4, 2011: UVXY grew to $0, SPY to $87,844.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
UVXY returns by calendar year
1 of 14 full years positive. Best 2018 (+60.1%), worst 2021 (−88.3%). 2026 is year to date.
UVXY annual returns table
| Year | UVXY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −47.8% | −74.1% | +12.3% | +15.1% | −1.0% |
| 2025 | −65.3% | −85.1% | +17.7% | +20.8% | +7.2% |
| 2024 | −50.9% | −69.9% | +24.9% | +25.6% | +1.3% |
| 2023 | −87.7% | −87.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −44.8% | −69.6% | −18.2% | −32.6% | −13.0% |
| 2021 | −88.3% | −91.5% | +28.7% | +27.4% | −1.8% |
| 2020 | −17.4% | −90.4% | +18.3% | +48.6% | +7.5% |
| 2019 | −84.2% | −84.9% | +31.2% | +39.0% | +8.5% |
| 2018 | +60.1% | −74.4% | −4.6% | −0.1% | +0.1% |
| 2017 | −87.2% | −87.7% | +21.7% | +32.7% | +3.6% |
| 2016 | 0.0% | 0.0% | +12.0% | +7.1% | +2.4% |
| 2015 | 0.0% | 0.0% | +1.2% | +9.4% | +0.5% |
| 2014 | 0.0% | 0.0% | +13.5% | +19.2% | +6.0% |
| 2013 | 0.0% | 0.0% | +32.3% | +36.6% | −2.0% |
| 2012 | 0.0% | 0.0% | +16.0% | +18.1% | +3.8% |
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.
UVXY largest drawdowns
Now 100.00% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 13, 2017 | −100.00% | Oct 13, 2026 | not yet | 9.5 years | 9.5 years so far |
| Mar 3, 2017 | −22.5% | Mar 29, 2017 | Apr 11, 2017 | 26 days | 39 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
UVXY risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2011 |
|---|---|---|---|---|
| Annualized return | −65.1% | −69.1% | −66.6% | −52.1% |
| Volatility (annualized) | 59.5% | 66.0% | 89.9% | 74.2% |
| Sharpe ratio | -1.46 | -1.40 | -0.82 | -0.66 |
| Sortino ratio | -1.57 | -1.52 | -1.20 | -0.98 |
| Best month | +31.9% | +35.7% | +155.5% | +155.5% |
| Worst month | −37.6% | −39.4% | −48.3% | −48.3% |
| Best 12 months | −9.0% | −9.0% | +60.1% | +60.1% |
| Worst 12 months | −75.9% | −87.7% | −92.4% | −92.4% |
| Positive months | 33% | 33% | 28% | 19% |
| Beta vs S&P 500 | -3.67 | -3.30 | -4.46 | — |
| Correlation with S&P 500 | -0.77 | -0.78 | -0.76 | — |
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.
UVXY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 169 | −92.4% | −47.6% | +60.1% | 4% |
| 3-year (a year) | 145 | −82.4% | −59.8% | 0.0% | 0% |
| 5-year (a year) | 121 | −76.0% | −61.5% | 0.0% | 0% |
| 10-year (a year) | 61 | −66.6% | −58.3% | −41.0% | 0% |
Every holding period starting at a month-end since 2011. Returns for 3 years and longer are annualized.
UVXY performance overview
ProShares Ultra VIX Short-Term Futures ETF (UVXY) returned −64.1% over the past year and −66.3% a year over ten years, with distributions reinvested. Since its first recorded price in 2011 it has returned −51.5% a year, turning $10,000 into about $0. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −100.00%, from Apr 13, 2017 to Oct 13, 2026; the fund has not yet regained that high. UVXY finished 1 of its 14 full calendar years with a gain; the best year was 2018 (+60.1%) and the worst 2021 (−88.3%). Volatility has been 74.2% a year.
Related: UVXY chart. See the UVXY overview for the latest quote and fund facts.
UVXY performance FAQ
What is the UVXY return over the past year?
UVXY returned −64.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 64.1%.
What is the average annual return of UVXY?
UVXY has returned −66.1% a year over 5 years, −66.3% a year over 10 years, −51.5% a year since October 4, 2011 (total return, distributions reinvested).
How much would $10,000 invested in UVXY be worth?
$10,000 invested in UVXY at its first recorded close on October 4, 2011 would be worth about $0 on October 23, 2026 with distributions reinvested.
What was the worst year for UVXY?
The worst calendar year was 2021, with a total return of −88.3%. The best was 2018 at +60.1%.
What is the biggest drawdown of UVXY?
The largest peak-to-trough decline was −100.00% between April 13, 2017 and October 13, 2026. It has not yet recovered to that high; it is 100.00% below its peak.
How volatile is UVXY?
Over the past 3 years UVXY had an annualized volatility of 59.5% and a Sharpe ratio of -1.46 (excess return over 1–3 month T-bills per unit of risk).