VIXM

ProShares VIX Mid-Term Futures ETF

$16.63

+0.00%

Market closed. Last update: 11:57 AM ET

📎 Investment Objective

The ProShares VIX Mid-Term Futures ETF (VIXM) seeks to provide exposure to the performance of a benchmark that tracks mid-term VIX futures contracts. The fund aims to serve as a tool for investors to manage volatility and hedge against market downturns.

Overview

ETF tracking ProShares VIX Mid-Term Futures ETF

Category Volatility

Issuer ProShares

Inception Date 2020-12-16

Market Cap $45.9M

Average Volume N/A

Dividend Yield N/A

52-Week Range $13.74 - $19.43

VWAP $16.71

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

VIXM tracks the performance of the S&P 500 VIX Mid-Term Futures Index, which measures the returns of a portfolio of monthly VIX futures contracts with a weighted average maturity of 5 months. The fund does not invest directly in VIX or the S&P 500 index, but rather in VIX futures contracts.

✨ Key Features

Provides exposure to mid-term VIX futures contracts, which can help manage portfolio volatility
Employs a rules-based index methodology to maintain a consistent maturity profile
Designed as a hedging or risk management tool, not for long-term buy-and-hold investment

⚠️ Primary Risks

Volatility risk - the fund's value can be highly volatile and may not correlate to the actual VIX index
Futures risk - investing in futures contracts can be riskier than investing in the underlying assets directly
Tracking error risk - the fund may not perfectly track its underlying index
Liquidity risk - the fund may have difficulty trading certain positions at an advantageous time or price

👤 Best For

VIXM may be suitable for experienced investors seeking to hedge against market volatility or as a tactical portfolio diversification tool. However, it is a complex product and may not be appropriate for all investors, especially those with a low risk tolerance or a long-term investment horizon.