UVXY by ProShares is the most liquid leveraged VIX ETF.
UVXY Exposure and Basic Characteristics
UVXY is the only liquid and optionable double-long leveraged ETFs/ETNs on the VIX (another liquid leveraged VIX product TVIX was delisted on 2 July 2020).
Direction + leverage: 2x long
Underlying index: S&P500 VIX Short-Term Futures Index ER
Exposure: Short end (near term) of the VIX futures curve (combination of the first and second VIX futures contract months – rolling to maintain constant 1 month maturity)
UVXY options: Available and moderately liquid
Product type: ETF (exchange traded fund)
Inception date: 3 October 2011
Official Information and Links
ProShares Ultra VIX Short-Term Futures ETF seeks daily investment results, before fees and expenses, that correspond to two times (2x) 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 effects of compounding.
Product page: www.proshares.com/funds/uvxy.html
UVXY Quotes, Assets, and Trading Volume
Yahoo Finance: finance.yahoo.com/quote/UVXY