The Market
10+ Years Of Historical Data
See how volatility products behaved across multiple market cycles.
For Accredited Investors
How Affluent Investors Leverage Contango To Diversify Their Portfolio & Generate Predictable, Passive 12.9–19.9% Fixed-Yield Returns
An Exclusive Investment Vehicle — Backed By 10+ Years Of Historical Market Data And Third-Party Audited Results
Learn how the strategy works, see the evidence behind it, and determine whether it makes sense for your portfolio.
0+15+ Years
Historical Market Data
Third-Party Audited
Independently audited fund results.
FINRA-Verifiable
David Meyers, verifiable public record.
Institutional Infrastructure
Brokerage • Custody • Administration.
For Accredited Investors Only
Private Consultation
Curious How Contango Can Produce A 12.9–19.9% Fixed Yield?
Join a private investor briefing and we'll walk you through:
- Where the return comes from
- How the strategy works
- How risk is managed
- Current investment options
- Current strategy capacity
Select date & time
30 min
‹August 2026›
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[Booking embed]
So Where Does The Return Come From?
It Starts With A Market Behavior Called Contango.
“Contango is the lead cause of structural decay in volatility ETPs like UVXY that track the VIX index. Over the last year the VIX ended roughly where it started, while UVXY lost about 71% of its value.”
That gap is the opportunity.
But what does this actually mean?
To understand the gap, you first need to understand 4 simple layers:
- S&P 500 Options
- VIX
- VIX Futures
- UVXY
And The Difference Is Dramatic.
Now here’s where it gets interesting.
UVXY is designed to track volatility — but because of these layers, it doesn’t behave like the VIX over time.
VIX vs UVXY
Two Lines. One Volatility Market. Very Different Outcomes.
The Effect Of Structural Decay
A 71% Gap Created By The Structure Itself.
Remember the gap we started with?
Over the last year, the VIX ended roughly where it started.
UVXY lost about 71% of its value.
VIX vs UVXYIndexed · 12 mo
VIX
−3.57%
UVXY
−70.91%
Both are tied to the same volatility market — the difference is created by the structure itself.
So Where Does That 71% Gap Come From?
It's not one thing. Contango and rolling are the biggest drivers — but leverage, rebalancing, mean reversion and the cost of maintaining the position all contribute to the decay.
Why UVXY Loses Value Over Time
Contango Is Only One Part Of The Decay.
01
Volatility Risk Premium
& Rolling Decay
Investors pay a premium for protection against future uncertainty, so later VIX futures often cost more than nearer ones. This is called Volatility Risk Premium.
But futures expire, and UVXY needs constant volatility exposure. So it has to continually replace expiring contracts with new ones — often replacing each expiring future with the next contract at a higher price.
Simple Visual
Future ExpiresSell $17Buy Next At $18Repeat
That repeated loss is Roll Decay, and over time it compounds against UVXY.
02
Mean Reversion
& Volatility Drag
The VIX naturally spikes during periods of fear, then falls back toward normal levels as markets calm down. This is called Mean Reversion.
That constant up-and-down movement creates Volatility Drag, because equal percentage moves don't cancel each other out.
Start At $100Down 10% = $90Up 10% = $99
Even though volatility moved down and back up by the same percentage, you still lost value.
Repeat that over time and the losses compound.
03
Leverage
& Daily Rebalancing
UVXY then amplifies those moves with 1.5x Leverage.
For every $100 of fund value, it controls about $150 of VIX futures and resets that exposure at the end of each day.
That makes the daily swings larger, which means the same volatility drag becomes larger too.
04
Cost Of
Carry
Maintaining leveraged futures exposure also has costs.
Margin, financing, fund expenses, and the opportunity cost of capital all add additional friction.
The Opportunity Comes From Structure, Not Speculation.
Vixy is designed to capitalize on structural decay that exists regardless of where the stock market is headed.
Want To See How Vixy Turns That Structural Decay Into An Investment Strategy?
David walks through the complete strategy during the private investor briefing.
Join The Private Investor BriefingUnderstand the mechanism before deciding whether it belongs in your portfolio.
Investor Briefing
Not Ready To Schedule Yet? Watch The Contango Overview
Not Ready To Schedule Yet? Watch The Contango Overview
David explains where structural decay comes from, and how Vixy approaches it, before you book a consultation.
The Non-Correlated Alternative
Most Portfolios Are More Correlated Than They Look.
Financial advisors typically diversify portfolios across familiar asset classes:
Stocks. Bonds. Real Estate. Private Equity. Commodities.
They look different on paper. But when the economy turns, the same event can work its way through all of them.
“Different” investments can still go down at the same time.
Vixy's return comes from volatility-market structure, and the strategy works whether the market is going up, down, or sideways.
Capturing The Decay
How Vixy Turns Structural Decay Into Opportunity
You use a process called Shorting.
Instead of owning a share and hoping it rises, you borrow the share, sell it at today's price, then buy it back later for less.
Trade Ticket — Illustrative
01Borrow ShareUVXY @ $100
02Sell At Today's Price+$100
03UVXY Decays$70
04Buy Back−$70
05Return SharePosition Closed
P/L · Before Costs+$0
That's How Vixy Seeks To Capture The Decay.
But shorting also creates the strategy's biggest risk.
What Happens When Volatility Explodes?
The VIX, VIX Futures And UVXY Don't All Move At The Same Speed.
Market Shock
S&P 500 Options Reprice
VIX Spikes First
VIX Futures Adjust
UVXY Responds Through Futures
This distinction is critical.
The VIX responds almost immediately to changes in S&P 500 option prices.
If investors suddenly panic and rush to buy protection, the VIX can spike extremely quickly.
But UVXY doesn't own the VIX.
It owns VIX futures.
And those futures reflect where traders expect volatility to be in the future, so they don't necessarily move by the same percentage or at the same speed as the VIX itself.
That Difference Is Why Vixy Uses VIX Call Options As Its Hedge.
Normally, a hedge is simply there to reduce a loss.
If your main position loses $100 and your hedge makes $70, you're still down $30.
You just reduced the damage.
Normal Hedge
Main Position−$100
Hedge+$70
Net−$30
Vixy Hedge — Illustrative
UVXY Short−$100
VIX Call Hedge+$130
Net+$30
Vixy's hedge behaves differently.
Before opening the UVXY short, Vixy allocates part of the portfolio to VIX call options.
During normal markets, those calls are essentially an insurance cost.
But during a major market shock, the VIX can spike quickly enough that calls appreciate dramatically before UVXY and the futures structure have time to fully adjust.
These options can accelerate in value as the VIX moves through their strike prices.
Those numbers are illustrative.
The important idea is that the hedge isn't necessarily limited to reducing the short-side loss.
During a sufficiently large volatility event, the hedge itself becomes the more profitable side of the portfolio.
And That Creates Something Even More Important: Time.
During prolonged market stress, the futures curve can reverse.
Instead of later futures costing more, the nearer contracts become more expensive.
That's called backwardation.
And in that environment, the normal structural advantage can temporarily work against the short strategy.
Here's the catch:
A VIX spike can happen almost immediately.
But sustained backwardation — generally requires volatility to stay elevated long enough for the futures curve to fully adjust. That can take WEEKS.
That lag gives David time to actively manage the event.
He can:
- Monetize profitable calls
- Reduce the UVXY short
- Close the short entirely
- Reposition the hedge
- Move the portfolio to cash
Unbreakable Rule
The Hedge Goes On Before The Short.
No acceptable hedge. No new short exposure.
Worst Case? Sometimes The Best Trade Is No Trade.
During one volatility period, Vixy's existing calls had appreciated significantly.
David sold the calls at a profit.
But replacement protection had become too expensive.
Instead of establishing new shorts without an acceptable hedge, the strategy largely sat in cash for roughly six weeks.
When protection became attractive again, trading resumed.
We Don't Have To Be Invested Just Because Capital Is Available.
Temporary drawdowns can occur during major volatility events. Past performance does not guarantee future results.
Have Questions About Drawdowns, Backwardation Or How The Hedge Works?
Ask David directly during the private investor briefing.
Join The Private Investor BriefingBring your questions. We'll walk through them with you.
Meet David Meyers: The Specialist Behind The Strategy
One Market. One Strategy. More Than A Decade.
Meet David Meyers: The Specialist Behind The Strategy
One Market. One Strategy. More Than A Decade.
2014
Around 2014, David correctly anticipated a major decline in oil.
Recovery
When oil later recovered, he bought an oil ETF expecting to participate in the rebound.
Result
The ETF barely did.
Research
David wanted to know why. That investigation led him into:
FuturesRollingContangoStructural Decay
Today
Eventually he found the same mechanics operating even more aggressively in volatility products.
He’s specialized in that narrow corner of the market ever since.
Don't Take Our Word For It.
See The Evidence For Yourself.
The Market
10+ Years Of Historical Data
See how volatility products behaved across multiple market cycles.
The Model
Historical Backtesting
Review whether the underlying structural behavior persisted through earlier market environments.
The Fund
Third-Party Audited Results
See independently audited operating performance.
The Investor Experience
Actual Investor Reporting
Understand what invested capital actually experienced.
The People
BrokerCheck + Public Professional History
Verify David independently.
The Infrastructure
Brokerage • Custody • Administration
Verify the organizations supporting the fund.
The Private Investor Briefing
Want To Review The Third-Party Audited Results?
Qualified investors review the audit, historical performance and supporting data during Vixy's due-diligence process.
Join The Private Investor BriefingOne Underlying Strategy. Two Options.
Choose Predictability Or Greater Upside Participation.
Fixed Yield
12.9–19.9%
Predictable Annual Yield
Your capital is put to work through Vixy’s underlying strategy and you receive the contractual rate under your agreement.
For investors prioritizing:
- Predictable passive income
- A defined rate
- Simpler economics
- Greater Liquidity
This is not a bank savings account or FDIC-insured deposit.
OR
80/20 Hedge Fund
80/20
Participate In The Full Strategy Performance
You retain 80% of applicable gains. Vixy receives 20% based on performance.
For investors prioritizing:
- Long-term growth
- Compounding
- Greater upside participation
- Long-term capital-gain positioning where applicable
- Longer investment horizon
Why Capacity Matters
This Strategy Has A Limit And Won’t Be Open To Investors Indefinitely.
To short UVXY, shares have to actually be available to borrow.
There is a finite number of those shares.
So as Vixy’s AUM grows, eventually there isn’t enough attractive borrow available to keep deploying additional capital at the same economics.
That’s why the strategy is expected to reach capacity at roughly $100M–$125M, depending on market conditions.
And for investors, the important part isn’t simply whether they can get in.
It's Not Just About Getting In
It’s How Long You Can Keep Compounding.
Compounding
Estimate
10× In 5 Years
$250,000 grows to $2,500,000
by year five
Year one profits stay invested. Those profits generate profits. Compounding continues.
As An ExampleGrowth Of $250,000 Since Start
$2.5M$1.9M$1.3M$750K$250K
STARTYEAR 1YEAR 2YEAR 3YEAR 4YEAR 5
Illustrative example only. Not a projection or guarantee of future results.
The 80/20 Fund Is Built To Compound.
Available shares limit how much capital the strategy can efficiently manage.
Once capacity is reached, the fund will close to new investors, and profits will need to be distributed instead of reinvested.
Getting in earlier = more time to compound.
See Whether There's Currently Room For Your Allocation.
Join the investor briefing to discuss current capacity, available structures and whether Vixy makes sense for your portfolio.
Join The Private Investor Briefing
Do You Qualify?
Vixy Isn't Designed For Everyone.
May Be A Fit If
- You're an accredited investor
- You have meaningful investable capital
- You want an alternative source of portfolio return
- You value predictable income or long-term compounding
- You're comfortable with investment risk
- You're investing capital you don't immediately need
Probably Not A Fit If
- You require guaranteed principal
- You're looking for a bank-account substitute
- You need immediate access to all invested capital
- You expect every month to be profitable
- Temporary drawdowns would cause you to immediately exit
What Happens If You Want To Keep Going?
Due Diligence Before Investment.
01
Investor Briefing
Understand the investment opportunity, the basic strategy, available structures and whether there's an initial fit.
02
Legal Disclosures
Review the major risks, liquidity terms, eligibility requirements and legal disclosures before moving deeper into the process.
03
Meet David
Meet directly with David to explore the strategy in greater detail and have your legal and financial questions answered.
04
Performance & Audit Review
Review third-party audited performance, historical data, backtests and actual investor performance.
05
Investor Qualification
Complete applicable eligibility verification and custodian onboarding requirements.
06
Funding
If both sides decide to proceed, execute the final funding process and establish the account.
The Investor Briefing Starts The Due-Diligence Process. It Doesn’t Replace It.
Every step above happens before any capital is committed.
From An Actual Investor
Hear Why Christina Rainey Decided To Invest.
- Her initial skepticism
- What she wanted verified
- What she reviewed
- Questions she asked
- Why she ultimately became comfortable investing
CR
Christina Rainey
Vixy Investor
Christina Rainey is an actual Vixy investor. She has consented to sharing her experience and has not been compensated or otherwise incentivized for the testimonial. Individual experiences vary.
Investor Interview
6 min
You Don't Need To Decide Whether To Invest Today.
You only need to decide whether this is worth investigating.
Step 01
Understand how the strategy works.
Step 02
Review the evidence.
Step 03
Ask your questions.
Step 04
Then decide whether continuing the process makes sense.
For Accredited Investors Only
Explore Vixy Financial Investment Opportunity
30 minPrivate video call
This introductory call is designed to review your objectives, answer questions, and determine whether there is a mutual fit.
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FAQ
Questions Investors Ask.
01Is the 12.9–19.9% fixed yield guaranteed?+
SEC guidelines prevent us from describing investment returns as “guaranteed.” However, with the Fixed Yield structure, your annual rate is contractually established in your agreement rather than fluctuating with the fund's performance. Your specific rate is agreed upon before you invest and remains subject to the terms, risks and obligations outlined in the agreement.
02What determines my fixed-yield rate?+
Rates are determined based on several factors, including investment amount, remaining program capacity, investment goals, payout preferences and account terms. Your specific rate is established before you invest and documented in your agreement.
03Can I lose money?+
All investments have the potential for loss, and temporary drawdowns can and do occur. Historically, however, Vixy's annual net performance has remained positive, including through periods of significant market volatility. Past performance does not guarantee future results.
04What happens during a market crash?+
Market crashes typically cause volatility to spike, which can temporarily move against Vixy's short positions. That's exactly why the strategy is hedged. VIX call options can appreciate rapidly during these events, while David can reduce positions, monetize the hedge, reposition, or move the portfolio to cash. If the risk/reward isn't attractive, Vixy doesn't have to force a trade.
05What's the difference between Fixed Yield and the 80/20 Fund?+
Fixed Yield is designed for investors who prioritize predictable income and greater liquidity, with a contractually established annual rate currently ranging from 12.9–19.9%. 80/20 is designed for investors who want to participate directly in fund performance, leave profits invested and maximize long-term compounding potential. Investors keep 80% of profits, while Vixy receives 20%. Same underlying strategy. Two different ways to participate.
06How liquid is my investment?+
The Fixed Yield program is designed to provide greater liquidity, with a 60 day initial lock-up period and withdrawal terms outlined in the agreement. The 80/20 Fund has a 12-month lock-up and is designed primarily for investors looking to leave capital invested and compound over longer periods.
07Can I review the audit and actual performance?+
Yes. Qualified prospective investors are given the opportunity to review third-party audited fund results, actual investor performance and historical/backtested data as part of Vixy's due-diligence process. You'll also have an opportunity to review the information directly with David and ask questions.
08Who holds and administers investor assets?+
Vixy uses third-party institutional infrastructure for custody, brokerage, fund administration and reporting. The specific entities involved and their respective roles are disclosed during the investor review process and in the offering documents.
09Why is Vixy's capacity limited?+
Vixy needs to borrow UVXY shares to execute the short side of the strategy. As the fund grows, available shares and borrowing costs eventually limit how much capital can be deployed efficiently. That creates a natural capacity ceiling rather than allowing the fund to grow indefinitely.
10Why does capacity matter to existing investors?+
The 80/20 structure allows investors to leave profits invested and compound them over time. As Vixy approaches capacity, however, additional reinvestment may eventually need to be limited and profits distributed instead. Getting in earlier can mean more time to compound before capacity becomes the constraint.
11Who is eligible to invest?+
Vixy's current offerings are intended for accredited investors who meet the applicable investor qualification requirements. Eligibility is verified as part of the onboarding process.
12What do I get to review before investing?+
The process is intentionally designed around due diligence. Depending on the offering, you'll have the opportunity to review legal disclosures, offering documents, the PPM, subscription materials, historical performance information, third-party audited results and other applicable investment documentation before funding.
13Do I have to make a decision on the Investor Briefing?+
No. The Investor Briefing is the first step in the qualification and due-diligence process, not the point where you're expected to fund an investment. It's an opportunity to understand the offering, determine whether it fits your objectives and decide whether it makes sense to continue.
14How do I get started?+
Schedule a Private Investor Briefing. Investor Brief → Legal Disclosures → Offer Documents → David + Performance & Audit Review → Investor Qualification → Funding. You'll have the opportunity to review the investment, documentation and supporting evidence before deciding whether to move forward.