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VIXY

VIXY - ProShares - VIX Short-Term Futures ETF ETF Holdings & AI Analysis

$18.41
+1.38%

ProShares - VIX Short-Term Futures ETF

•ETF
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FIT ANALYSIS
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Fund DNA

Management Fee (Expense Ratio)

0.85%High
The annual fee charged by the fund. Lower fees preserve your long-term compounding.

Fund Size (AUM)

$211.96MStandard
Total market value of assets held. Massive funds generally offer maximum liquidity and stability.

Price to NAV

+10.44%Premium
Measures if the ETF trades above (premium) or below (discount) its actual underlying asset value.

Market Sensitivity (Beta)

-2.31Inverse
Measures price correlation with the S&P 500. A negative beta means this fund generally moves in the opposite direction of the market.
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This fund tracks the expected future volatility of the stock market by holding short-term futures contracts. It is designed to profit when investors panic and stock prices fall rapidly. I have synthesized my analysis of its asset composition, live market action, and macro factors to provide a comprehensive thesis. What specific areas can I detail for you?

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Pro EquitAI Research Report

“A costly insurance policy designed for short-term panic, not long-term peace.”

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BULLISH

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Generated on September 17, 2026
Reference Price: $17.67

The broader macroeconomic environment currently favors steady growth and cooling inflation, which acts like a wet blanket on market fear. Because this fund tracks the expectation of stock market volatility, it thrives only when sudden economic shocks or rapid interest rate changes cause widespread investor panic.

The Bull Case

  • A sudden resurgence in inflation or a surprise interest rate hike from the Federal Reserve would shock equities and cause volatility to spike rapidly.
  • With a deeply negative beta of -2.313, this fund acts as a rapid shock absorber that reliably surges the exact moment the broader stock market tanks.

The Bear Case

  • In calm macroeconomic waters, this fund suffers from a structural flaw called 'contango', meaning it constantly bleeds value just by maintaining and rolling its futures contracts.
  • If central banks successfully engineer a soft landing without triggering a recession, sustained market complacency will keep the price of this asset depressed.

Macro Trends & Strategy

When interest rates are stable and the economic cycle is humming along, market anxiety naturally fades. This asset has no intrinsic value or protective moat; it is simply a thermometer for economic fear that quickly cools off when the business cycle stabilizes.

Fund Risk & Structure

Comprehensive proprietary risk architecture, tracking deviation metrics, counterparty exposure breakdown, and portfolio stress testing across varied macroeconomic interest rate regimes.

Portfolio Role & Verdict

Actionable core portfolio allocation assessment, long-term capital preservation guidance, tactical duration adjustments, and benchmark suitability verdict.

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This report is based on up-to-date financial fundamentals and Wall Street projections.