ProShares Ultra VIX Short-Term Futures ETF Price & Performance (UVXY)

State Street’s S&P 500 ETF Trust (SPY) has been the top wealth creator among ETFs, adding $351.9 billion in shareholder value over the last decade. Meanwhile, smaller funds like ProShares UltraPro Short QQQ (SQQQ) and ARK Innovation ETF (ARKK) have lost billions, highlighting the advantages of scale for larger issuers.1

Tesla saw a significant increase in trading activity, with trades doubling in February, even as its market value fell by nearly 28%. Investor interest remained strong, driven by long-term optimism despite short-term setbacks like reduced European vehicle registrations.2

As the Cboe Volatility Index (VIX) dropped sharply, inverse volatility ETFs like SVIX gained, while long-volatility plays such as UVXY and VXX declined. This divergence reflects the challenges and opportunities for traders navigating market turbulence through these specialized funds.3