What is a VIX ETF and how does it work?

“VIX ETF” is technically a misnomer, as you can’t invest in the VIX index. Instead, VIX ETFs exist to track VIX futures indexes, which follow the performance of short-, medium-, and long-term monthly VIX futures contracts. When the underlying futures rise or fall, VIX ETFs rise or fall, too.

What is the ProShares ultra Vix short-term futures ETF?

Launched in 2018, the ProShares Ultra VIX Short-Term Futures ETF ( UVXY) seeks to provide 1.5 times daily exposure to the S&P 500 VIX Short-Term Futures Index. The underlying index consists of first- and second-month VIX futures contracts with a weighted average maturity of one month.

What is the vixm fund?

The fund tracks the S&P 500 VIX Mid-Term Futures Index, which measures the returns of a portfolio of monthly VIX futures contracts having a weighted average of five months to expiration. VIXM holds Cboe VIX futures contracts to provide investors with returns based on increases in the expected volatility of the S&P 500. 5

What does Vix stand for?

The Cboe Volatility Index, or VIX, is an index created by Cboe Global Markets, which shows the market's expectation of 30-day volatility. more Inverse Volatility ETF Definition