$SVXY (-0.5x VIX) returned 49% in 2021. 8% was due to lower $VX futures; 41% was due to rolls.
$VXX (+1x VIX) returned -72% in 2021. -16% was due to lower $VX futures; -56% was due to rolls.
$SVXY (-0.5x VIX) returned 49% in 2021. 8% was due to lower $VX futures; 41% was due to rolls.
$VXX (+1x VIX) returned -72% in 2021. -16% was due to lower $VX futures; -56% was due to rolls.