SVXY ETF by ProShares is the only liquid and optionable short VIX exchange traded product.
SVXY Exposure and Basic Characteristics
SVXY ETF provides negative (short) exposure to short-term VIX futures (inverse of S&P500 VIX Short-Term Futures Index). Its exposure is similar to XIV, which closed in 2018.
Direction: short, unleveraged
Underlying index: S&P500 VIX Short-Term Futures Index ER
Exposure: Short (negative position) of the short end (near term) of the VIX futures curve (combination of short positions in the first and second VIX futures contract months – rolling to maintain constant 1 month maturity)
SVXY options: Available (though relatively illiquid)
Product type: ETF (exchange traded fund)
Provider: ProShares
Inception date: 3 October 2011
Official Information and Links
ProShares Short VIX Short-Term Futures ETF seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P 500 VIX Short-Term Futures Index. Source: Official website (see links below).
The website also states that while the ETF should track the index quite well on a single day basis, performance over longer time periods can deviate markedly due to compounding.
SVXY product page: www.proshares.com/funds/svxy.html
SVXY Quotes, Assets, and Trading Volume
Yahoo Finance: finance.yahoo.com/quote/SVXY
Bloomberg.com: www.bloomberg.com/quote/SVXY:US