About ProShares Short VIX Short-Term Futures ETF (SVXY)

The ProShares Short VIX Short-Term Futures ETF (SVXY) is an exchange-traded fund that seeks to provide inverse exposure to the daily performance of the S&P 500 VIX Short-Term Futures Index. The fund aims to achieve its inverse exposure by investing in various financial instruments, including exchange-traded futures contracts on the VIX Index. SVXY is designed for short-term speculative purposes and may not be suitable for long-term investors. Investors should carefully consider the investment objectives, risks, charges, and expenses of the fund before investing.

SVXY is known for its potential to generate attractive returns in periods of low volatility in the equity markets. The fund benefits from the inverse relationship between the VIX Index and the S&P 500 Index, as the VIX Index tends to rise when the equity markets experience volatility. However, it is important to note that SVXY is a leveraged product, which means that it aims to deliver daily returns that are a multiple of the inverse performance of the VIX Index. As a result, the fund's returns can deviate significantly from the inverse performance of the VIX Index over longer holding periods.