SVXY

The ProShares ProShares Short VIX Short-Term Futures ETF -1x Shares (SVXY) is an exchange-traded fund (ETF) that tracks the performance of the S&P 500 VIX Short-Term Futures Index. The fund is managed by ProShares and was launched in 2011.

The S&P 500 VIX Short-Term Futures Index measures the return from a daily rolling long position in first- and second-month CBOE Volatility Index (VIX) futures contracts. Because VIX futures typically trade in contango, the index experiences negative roll yield over time, causing significant decay when held for extended periods.

SVXY is a passively managed index ETF that seeks to replicate the holdings and performance of its benchmark with low tracking error. It is suitable for investors seeking broad, low-cost market exposure.

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