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Sensitivity Map

Know How Much Your ETF Will Move.

Quantifies how UVXY, UVIX, and VXX historically respond to VIX point moves, stratified by the VIX level at the time. A 2-point VIX spike from 14 produces a very different ETF move than a 2-point spike from 30. This tool shows the difference.

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Sensitivity Map · UVXY Median ETF return by VIX move
VIX Level-3 pt-2 pt-1 pt+1 pt+2 pt+3 pt+5 pt
12–15 -6.8%-4.5%-2.1%+3.2%+6.9%+11.4%+18.7%
15–20 -5.4%-3.6%-1.8%+2.5%+5.3%+8.6%+14.2%
20–25 -4.1%-2.8%-1.4%+1.9%+4.0%+6.5%+10.8%
25–30 -3.2%-2.2%-1.0%+1.5%+3.1%+4.8%+8.2%
30+ -2.5%-1.6%-0.7%+1.1%+2.4%+3.7%+6.1%
Lookup:
VIX
UVXY ≈ +14.2%
Sensitivity varies by VIX regime · enter any two VIX levels for an instant estimate

How It Works

Years of daily data distilled into a single regime-aware model. Answers the question most traders get wrong.

1

VIX moves are stratified by regime

Every daily VIX change is grouped by the VIX level at the start of the day. A +2 point move when VIX is at 14 is a very different event than a +2 point move when VIX is at 35. The tool separates these into distinct bands so each beta estimate is regime-specific.

2

Historical ETF responses are mapped

For each VIX level band and point-move bucket, the tool calculates the median ETF return from years of daily data. The result is a heatmap of historical sensitivity — showing exactly how responsive each ETF was to VIX moves at different levels.

3

Custom lookups give instant estimates

Enter any two VIX closing prices — a "from" and "to" — and instantly see the estimated ETF move based on the historical relationship for that regime. Use this for scenario planning, position sizing, and setting realistic expectations for any VIX move.

What You Get

The relationship between VIX and leveraged ETFs is not fixed. This tool maps the real one.

Heatmap

Regime-Dependent Beta Estimates

Each cell in the heatmap shows the median ETF return for a given magnitude of VIX move within a given VIX level band. Color intensity reflects the size of the move, revealing how sensitivity shifts as volatility rises and falls.

Custom Lookup

Any VIX Move, Instant Estimate

Enter any two VIX closing prices and instantly see the estimated ETF move based on the historical relationship for that regime. If VIX goes from 18 to 25, approximately how much would UVXY move? The answer is one lookup away.

Position Sizing

Size Positions With Real Data

The advertised leverage multiple (2x for UVXY and UVIX) is a rough guide. Actual daily moves can far exceed or fall short of that multiple depending on where VIX sits and how the futures curve is shaped. This tool gives you the real numbers.

Regime Awareness

Why VIX Level Matters

At low VIX levels, a 2-point spike represents a large percentage move and tends to produce an outsized ETF response. At high VIX levels, the same absolute move is proportionally smaller and the ETF response is more muted. This tool quantifies exactly how much.

Scenario Planning

Model "What If" Scenarios

What happens to UVXY if VIX goes from 22 to 35? From 16 to 20? From 40 to 28? Run any scenario and see the estimated ETF move based on years of real data. Essential for planning entries, exits, and hedges before the move happens.

Coverage

UVXY, UVIX & VXX

Sensitivity maps are available for the three primary VIX-linked leveraged ETFs. Each has its own leverage factor and futures roll dynamics, producing distinct sensitivity profiles. Compare them side by side to understand the differences.

Stop Using the Wrong Multiple.
Start Using the Real One.

The Sensitivity Map is included free with every CI Volatility membership — along with spike analyzers, decay projections, and 11 purpose-built tools.

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