Inverse VIX Short-Term Futures ETNs due March… (VYLD) Performance
VYLD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.0% since Dec 31, 2025
- 1 year
- +14.3% total return
- Since first price
- +22.8% since 2025
VYLD trailing returns vs SPY, QQQ, AGG
| Period | VYLD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.0% | −1.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.4% | +4.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +10.8% | +10.8% | +7.8% | +8.4% | −1.5% |
| YTD | +9.0% | +9.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +14.3% | +14.3% | +14.4% | +15.9% | −1.1% |
| Since inceptionMar 20, 2025 | +22.8% | +22.8% | — | — | — |
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: VYLD vs SPY
From Mar 20, 2025: VYLD grew to $12,277, SPY to $13,703.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
VYLD returns by calendar year
2026 is year to date.
VYLD annual returns table
| Year | VYLD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.0% | −8.9% | +12.3% | +15.1% | −1.0% |
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.
VYLD largest drawdowns
Now 1.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 25, 2025 | −15.5% | Apr 8, 2025 | Jul 22, 2025 | 14 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
VYLD risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +16.3% |
| Volatility (annualized) | 10.2% |
| Sharpe ratio | 1.16 |
| Sortino ratio | 1.78 |
| Best month | +5.6% |
| Worst month | −5.9% |
| Best 12 months | +20.5% |
| Worst 12 months | +7.3% |
| Positive months | 72% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
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.
VYLD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 8 | +7.3% | +16.7% | +20.5% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
VYLD performance overview
Inverse VIX Short-Term Futures ETNs due March… (VYLD) returned +14.3% over the past year, with distributions reinvested. Since its first recorded price on Mar 20, 2025 it has returned +22.8%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −15.5%, from Mar 25, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 10.2% a year.
Related: VYLD chart. See the VYLD overview for the latest quote and fund facts.
VYLD performance FAQ
What is the VYLD return over the past year?
VYLD returned +14.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.3%.
How much would $10,000 invested in VYLD be worth?
$10,000 invested in VYLD at its first recorded close on March 20, 2025 would be worth about $12,277 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of VYLD?
The largest peak-to-trough decline was −15.5% between March 25, 2025 and April 8, 2025. It recovered to the old high on July 22, 2025, 3 months after the bottom.
How volatile is VYLD?
Over the past history VYLD had an annualized volatility of 10.2% and a Sharpe ratio of 1.16 (excess return over 1–3 month T-bills per unit of risk).