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ETFs

2x Long VIX Futures ETF

UVIX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 30 2022
Expense Ratio
2.78%
Type
US Equities
Fund Owner
Volatility Shares
Volume (1m avg. daily)
$47,078,287
AUM
$108,139,013
Associated Index
CBOE Long VIX Futures Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
100.00%
n/a
Derivatives offset
-200.41%
Invest with UVIX

What is UVIX?

The 2x Long VIX Futures ETF (Ticker: UVIX) seeks to provide daily investment results, before fees and expenses, that correspond generally to twice the performance of the Long VIX Futures Index (Ticker: LONGVOL). The Long VIX Futures Index expresses the daily performance of a theoretical portfolio of first and second month VIX futures contracts that are rolled daily. The Index determines its daily settlement price from the Time Weighted Average Price (TWAP) of its theoretical portfolio over the last 15 minutes of the regular equity trading session.

ETFs related toUVIX

ETFs correlated to UVIX include VIXY, UVXY, VXX

UVIX
Volatility Shares Trust - 2x Long VIX Futures ETF
VIXY
ProShares Trust - ProShares VIX Short-Term Futures ETF
UVXY
ProShares Trust - ProShares Ultra VIX Short-Term Futures ETF 2x Shares
VXX
Barclays Bank PLC - iPath? Series B S&P 500? VIX Short-Term FuturesTM ETN
VIXM
ProShares Trust - ProShares VIX Mid-Term Futures ETF
FAZ
Direxion Shares ETF Trust - Direxion Daily Financial Bear 3x Shares
SRTY
ProShares Trust - ProShares UltraPro Short Russell2000 -3x Shares
RWM
ProShares Trust - ProShares Short Russell2000 -1x Shares
TZA
Direxion Shares ETF Trust - Direxion Daily Small Cap Bear 3X Shares
TWM
ProShares Trust - ProShares UltraShort Russell2000 -2x Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toUVIX

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with UVIX using Composer

FAQ

UVIX is a US Equities ETF. The 2x Long VIX Futures ETF (Ticker: UVIX) seeks to provide daily investment results, before fees and expenses, that correspond generally to twice the performance of the Long VIX Futures Index (Ticker: LONGVOL). The Long VIX Futures Index expresses the daily performance of a theoretical portfolio of first and second month VIX futures contracts that are rolled daily. The Index determines its daily settlement price from the Time Weighted Average Price (TWAP) of its theoretical portfolio over the last 15 minutes of the regular equity trading session.

UVIX tracks the CBOE Long VIX Futures Index.

No, UVIX is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, UVIX is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on UVIX is -0.2083%. This is the percent change in the value of UVIX over the most recent 1-month period. The 3-month return on UVIX is -0.3254%. This is the percent change in the value of UVIX over the most recent 3-month period.

The standard deviation of UVIX for the past year is 1.0179%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to UVIX include SSO, QID, and SDS.

ETFs correlated to UVIX include VIXY, UVXY, and VXX.

ETFs that are inversely correlated to UVIX include SVXY, SVIX, and LGRO.

Yes, UVIX is a Leveraged (2x) ETF: This means that UVIX will try to match the performance of CBOE Long VIX Futures Index, but with 2x the returns.

Yes, UVIX is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of CBOE Long VIX Futures Index, but move 2x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.