# ProShares VIX Mid-Term Futures ETF (VIXM)

> Source: Nexqual · https://nexqual.com/VIXM · data as of 2026-10-23 16:02 UTC · cite as "Nexqual, ProShares VIX Mid-Term Futures ETF (VIXM), nexqual.com/VIXM" · informational, not investment advice.

**Price:** USD 13.26 (+0.38% today) · US market open, as of October 23, 2026 at 16:02 UTC; quotes may be delayed. Prev close 13.21 · day 13.24–13.41 · 52w 12.64–17.72 · market cap null · BTS

## Key facts
- Total return with dividends: 1Y -17.5% vs S&P 500 +14.7%; 5Y -56.4% vs S&P 500 +77.5%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Net income | -$1.68B | $95.8M | -$2.48B | -$39.4M | $1.71B | $389M |
| Cash + short-term investments | $1.47B | $2.28B | $2.60B | $2.58B | $3.25B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)


## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -17.5% | -56.4% |
| S&P 500 (SPY) | +14.7% | +77.5% |
| Per year | -17.6% | -15.3% |
| Volatility (annualized) | 17.2% | 24.9% |
| Max drawdown | -28.2% (Mar 2026→Oct 2026) | -64.8% (Jun 2022→Oct 2026) |

## Peers
VXZ (iPath Series B S&P 500 VIX Mid-) USD 46.78 +0.71% · VIXY (VIX Short-Term Futures ETF) USD 18.01 +1.75% · SVXY (ProShares Short VIX Short Term ) USD 61.48 -0.81% · SVIX (-1x Short VIX Futures ETF) USD 26.43 -1.78% · SMDD (UltraPro Short MidCap400) USD 8.92 -0.00%

## More
Full page: https://nexqual.com/VIXM · 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

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Proshares Ultra Silver | $15.6M | 31.4% | +155.5% |
| Proshares Ultra Short Bloomberg Crude Oil | $9.1M | 18.2% | +669.6% |
| Proshares Ultra Gold | $7.8M | 15.7% | +51.8% |
| Proshares Ultra Bloomberg Crude Oil | $3.7M | 7.5% | +15.6% |
| Proshares Ultra Bloomberg Natural Gas | $3.1M | 6.2% | +47.3% |
| Proshares Ultra Vix Short Term Futures Etf | $2.5M | 5.0% | -11.0% |
| Proshares Short Vix Short Term Futures Etf | $1.7M | 3.4% | -54.5% |
| Proshares Vix Short Term Futures Etf | $1.6M | 3.2% | +33.9% |
| Proshares Ultra Short Bloomberg Natural Gas | $1.3M | 2.5% | -68.0% |
| Proshares Ultra Short Silver | $1.1M | 2.2% | +388.7% |
| Proshares Ultra Short Gold | $927,274 | 1.9% | +30.1% |
| Proshares Vix Mid Term Futures Etf | $416,705 | 0.8% | +92.0% |
| Proshares Ultra Yen | $340,254 | 0.7% | -41.4% |
| Proshares Ultra Short Euro | $330,295 | 0.7% | +8.9% |
| Proshares Ultra Short Yen | $266,435 | 0.5% | +27.6% |
| Proshares Ultra Euro | $47,346 | 0.1% | -31.0% |
| Total revenue | $49.7M | 100% | — |

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

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 42.6% | ±9.4% |
| 2026-12-18 | 56 | 40.2% | ±12.5% |
| 2027-01-15 | 84 | 75.7% | ±28.3% |
| 2027-02-19 | 119 | 40.6% | ±18.1% |
| 2027-03-19 | 147 | 40.0% | ±19.8% |
| 2027-06-17 | 237 | 42.1% | ±26.4% |
| 2027-09-17 | 329 | 44.9% | ±33.1% |