ProShares Short VIX Short-Term Futures ETFInvestment Thesis
ProShares Short VIX Short-Term Futures ETF (SVXY) is a fund that allows you to bet on a decline in volatility with a 0.5x ratio. That is, with a 10% decrease or increase in volatility, this fund will respond with a 5% movement in the opposite direction.
Volatility has significan
Key stats
About ProShares Short VIX Short Term Futures ETF
Home page
Inception date
Oct 3, 2011
Structure
Commodities Pool
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
SVXY offers daily -0.5x exposure to short-term VIX futures in a commodity pool wrapper. VIX futures allow investors to invest based on their view of the forward implied market volatility of the S&P 500. The fund offers inverse exposure to the S&P 500 VIX Short-Term Futures Index, which is the index tracked by the known volatility fund, VXX. Note that SVXY does not provide inverse exposure to the VIX index itself. Its a tactical tool designed for short-term exposure. Structured as a commodity pool, the fund avoids counterparty risk, but delivers K-1s at tax time. Prior to February 28, 2018, the fund provided -1.0x exposure.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Volatility metrics are pointing to short vol trade -> long SVXYThis volatility barometer takes signals for 12 different metrics. We are back to a short volatility trade (until we aren't). But I just watch this signals and stay nimble. Contango or backwardation is helpful but not the entire story.
This is a helpful site:
vixcentral.com
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.