BetaPro S&P 500 VIX Short-Term Futures ETF

BetaPro S&P 500 VIX Short-Term Futures ETF is a Canadian-listed exchange-traded fund that provides investors with exposure to short-term volatility expectations of the S&P 500 index. The fund tracks the S&P 500 VIX Short-Term Futures Index by investing in VIX futures contracts, which measure expected market volatility over a one-month horizon. Designed for sophisticated investors seeking tactical allocation or portfolio hedging, the ETF offers negative correlation with S&P 500 equity returns, making it useful for diversification during periods of market stress. The fund employs forward agreements with Canadian banks to gain its underlying exposure and hedges any U.S. dollar fluctuations back to Canadian dollars. As a speculative instrument with high volatility characteristics, the ETF is intended for short-term trading rather than long-term buy-and-hold strategies. Managed by Horizons ETFs Management (Canada) Inc., the fund carries a management expense ratio and operates as a 1x exposure product, distinguishing it from the company's leveraged and inverse leverage offerings in the broader BetaPro product suite.