(VIXM) ProShares VIX Mid-Term - Overview
Etf: Vix Futures, Cash Equivalents, Treasuries, Money Market
| Risk 5d forecast | |
|---|---|
| Volatility | 25.5% |
| Relative Tail Risk | -13.4% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.20 |
| Alpha | 17.13 |
| Character TTM | |
|---|---|
| Beta | -1.339 |
| Beta Downside | -1.776 |
| Drawdowns 3y | |
|---|---|
| Max DD | 52.32% |
| CAGR/Max DD | -0.33 |
Description: VIXM ProShares VIX Mid-Term December 23, 2025
The ProShares VIX Mid-Term Futures ETF (VIXM) aims to achieve its objective by maintaining long exposure to VIX futures contracts, primarily those with maturities in the 3- to 6-month range. To meet margin requirements, the fund holds cash or cash equivalents-typically U.S. Treasury securities, high-credit short-term bonds, or money-market fund shares-as collateral for its positions.
Key operational metrics: VIXM’s expense ratio sits around 0.85%, and its average daily trading volume exceeds 200,000 shares, providing reasonable liquidity for most institutional investors. The fund’s performance is heavily driven by the term structure of VIX futures; during periods of rising market volatility, futures tend to be in backwardation, which can generate positive roll returns, whereas in low-volatility regimes they are often in contango, eroding returns.
Because VIXM’s returns are correlated with broader market uncertainty, macro-level drivers such as the CBOE Volatility Index (VIX) level, Federal Reserve policy shifts, and geopolitical risk events are primary influences on its price dynamics. For a deeper quantitative breakdown, see ValueRay’s VIXM analytics page.
What is the price of VIXM shares?
Over the past week, the price has changed by -0.72%, over one month by +0.26%, over three months by -7.76% and over the past year by +5.63%.
Is VIXM a buy, sell or hold?
What are the forecasts/targets for the VIXM price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 13.4 | -11.8% |
VIXM Fundamental Data Overview February 05, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 55.8m USD (55.8m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 55.8m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 55.8m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 0.98% (E(55.8m)/V(55.8m) * Re(0.98%) + (debt-free company))
Discount Rate = 0.98% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)