What is the ISIN of ProShares VIX Short-Term Futures ETF?

The ISIN of ProShares VIX Short-Term Futures ETF is US74347Y7307.

What does leveraged daily exposure mean for ProShares VIX Short-Term Futures ETF?

ProShares VIX Short-Term Futures ETF aims to deliver 1 times the daily return of VIX (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 1X the underlying's cumulative return.

What is volatility decay and how does it affect ProShares VIX Short-Term Futures ETF?

Volatility decay (also called compounding drag) occurs because ProShares VIX Short-Term Futures ETF rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 1X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.