# 2x Long VIX Futures ETF (UVIX)

> Source: Nexqual · https://nexqual.com/UVIX · data as of 2026-10-23 17:46 UTC · cite as "Nexqual, 2x Long VIX Futures ETF (UVIX), nexqual.com/UVIX" · informational, not investment advice.

**Price:** USD 41.81 (+5.42% today) · US market open, as of October 23, 2026 at 17:46 UTC; quotes may be delayed. Prev close 39.65 · day 40.22–43.85 · 52w 32.32–273.8 · market cap null · BTS

## Key facts
- Total return with dividends: 1Y -78.5% vs S&P 500 +14.4%; 5Y -100.0% vs S&P 500 +77.1%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|
| Operating income | -$1.9M | -$2.4M | $364K | -$55K | — |
| Net income | -$60.7M | — | -$25.4M | -$624M | — |
| Cash + short-term investments | $505K | $5.0M | $1.2M | $125M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters)


## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2022-03-28) |
|---|---|---|
| Total return | -78.5% | -100.0% |
| S&P 500 (SPY) | +14.4% | +77.1% |
| Per year | -78.5% | -83.5% |
| Volatility (annualized) | 105.8% | 107.5% |
| Max drawdown | -87.3% (Nov 2025→Oct 2026) | -100.0% (Apr 2022→Oct 2026) |

## Peers
SVIX (-1x Short VIX Futures ETF) USD 26.15 -2.82% · SOXS (Direxion Daily Semiconductor Be) USD 51.99 -2.73% · TSLQ (Tradr 2X Short TSLA Daily ETF) USD 17.36 +1.88% · KOLD (ProShares UltraShort Bloomberg ) USD 30.98 +3.30% · VIXY (VIX Short-Term Futures ETF) USD 18.2 +2.80%

## More
Full page: https://nexqual.com/UVIX · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-10-30 | 7 | 168.1% | ±18.7% |
| 2026-11-06 | 14 | 172.3% | ±26.9% |
| 2026-11-13 | 21 | 164.7% | ±31.4% |
| 2026-11-20 | 28 | 167.0% | ±36.8% |
| 2026-11-27 | 35 | 162.2% | ±39.8% |
| 2026-12-04 | 42 | 163.2% | ±43.7% |
| 2026-12-18 | 56 | 159.9% | ±49.1% |
| 2027-01-15 | 84 | 159.5% | ±59.4% |