ProShares VIX Mid-Term Futures ETF (VIXM) Performance
VIXM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −13.2% since Dec 31, 2025
- 1 year
- −17.6% total return
- 5 years
- −15.3% a year
- 10 years
- −11.4% a year
- Since first price
- −18.2% a year since 2011
VIXM trailing returns vs SPY, QQQ, AGG
| Period | VIXM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.3% | +2.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −9.5% | −9.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −16.6% | −16.6% | +7.8% | +8.4% | −1.5% |
| YTD | −13.2% | −13.2% | +12.3% | +15.1% | −1.0% |
| 1 year | −17.6% | −17.6% | +14.4% | +15.9% | −1.1% |
| 3 years | −37.4%−14.4%/yr | −37.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −56.4%−15.3%/yr | −56.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −70.2%−11.4%/yr | −70.2% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −95.9%−19.2%/yr | −95.9% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionJan 4, 2011 | −95.8%−18.2%/yr | −95.8% | — | — | — |
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: VIXM vs SPY
From Jan 4, 2011: VIXM grew to $416, SPY to $78,846.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
VIXM returns by calendar year
3 of 14 full years positive. Best 2020 (+72.4%), worst 2012 (−53.8%). 2026 is year to date.
VIXM annual returns table
| Year | VIXM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −13.2% | −28.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +5.6% | −23.3% | +17.7% | +20.8% | +7.2% |
| 2024 | −13.7% | −31.0% | +24.9% | +25.6% | +1.3% |
| 2023 | −44.8% | −46.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −0.7% | −20.5% | −18.2% | −32.6% | −13.0% |
| 2021 | −16.7% | −31.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +72.4% | −26.7% | +18.3% | +48.6% | +7.5% |
| 2019 | −20.4% | −24.5% | +31.2% | +39.0% | +8.5% |
| 2018 | +26.4% | −25.3% | −4.6% | −0.1% | +0.1% |
| 2017 | −50.0% | −48.4% | +21.7% | +32.7% | +3.6% |
| 2016 | −21.6% | −38.3% | +12.0% | +7.1% | +2.4% |
| 2015 | −15.5% | −27.8% | +1.2% | +9.4% | +0.5% |
| 2014 | −17.2% | −30.1% | +13.5% | +19.2% | +6.0% |
| 2013 | −43.6% | −40.3% | +32.3% | +36.6% | −2.0% |
| 2012 | −53.8% | −54.9% | +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.
VIXM largest drawdowns
Now 96.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 3, 2011 | −96.5% | Oct 6, 2026 | not yet | 15.0 years | 15.1 years so far |
| Jan 4, 2011 | −27.7% | Jul 7, 2011 | Sep 9, 2011 | 6 months | 8 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
VIXM risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2011 |
|---|---|---|---|---|
| Annualized return | −12.7% | −16.7% | −11.9% | −17.9% |
| Volatility (annualized) | 20.0% | 21.9% | 30.8% | 30.7% |
| Sharpe ratio | -0.79 | -0.88 | -0.35 | -0.55 |
| Sortino ratio | -0.94 | -1.00 | -0.58 | -0.81 |
| Best month | +13.9% | +13.9% | +62.9% | +62.9% |
| Worst month | −15.5% | −18.0% | −18.0% | −18.0% |
| Best 12 months | +22.6% | +22.6% | +101.2% | +101.2% |
| Worst 12 months | −23.4% | −45.3% | −50.0% | −59.1% |
| Positive months | 50% | 45% | 42% | 38% |
| Beta vs S&P 500 | -1.05 | -0.95 | -1.30 | — |
| Correlation with S&P 500 | -0.65 | -0.68 | -0.65 | — |
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.
VIXM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 178 | −59.1% | −17.6% | +101.2% | 24% |
| 3-year (a year) | 154 | −43.7% | −21.2% | +25.7% | 23% |
| 5-year (a year) | 130 | −34.7% | −14.4% | +7.5% | 11% |
| 10-year (a year) | 70 | −21.4% | −14.0% | −10.4% | 0% |
Every holding period starting at a month-end since 2011. Returns for 3 years and longer are annualized.
VIXM performance overview
ProShares VIX Mid-Term Futures ETF (VIXM) returned −17.6% over the past year and −11.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2011 it has returned −18.2% a year, turning $10,000 into about $416. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −96.5%, from Oct 3, 2011 to Oct 6, 2026; the fund has not yet regained that high. VIXM finished 3 of its 14 full calendar years with a gain; the best year was 2020 (+72.4%) and the worst 2012 (−53.8%). Volatility has been 30.7% a year.
Related: VIXM chart. See the VIXM overview for the latest quote and fund facts.
VIXM performance FAQ
What is the VIXM return over the past year?
VIXM returned −17.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 17.6%.
What is the average annual return of VIXM?
VIXM has returned −15.3% a year over 5 years, −11.4% a year over 10 years, −18.2% a year since January 4, 2011 (total return, distributions reinvested).
How much would $10,000 invested in VIXM be worth?
$10,000 invested in VIXM at its first recorded close on January 4, 2011 would be worth about $416 on October 23, 2026 with distributions reinvested.
What was the worst year for VIXM?
The worst calendar year was 2012, with a total return of −53.8%. The best was 2020 at +72.4%.
What is the biggest drawdown of VIXM?
The largest peak-to-trough decline was −96.5% between October 3, 2011 and October 6, 2026. It has not yet recovered to that high; it is 96.4% below its peak.
How volatile is VIXM?
Over the past 3 years VIXM had an annualized volatility of 20.0% and a Sharpe ratio of -0.79 (excess return over 1–3 month T-bills per unit of risk).