XIV

VelocityShares Daily Inverse VIX Short-Term ETN

XIV Fund Description

The VelocityShares Daily Inverse VIX Short Term ETN provides -1x leveraged exposure to an index comprising first- and second-month VIX future positions with a weighted average maturity of 1 month.

XIV Factset Analytics Insight

An acceleration event occurred on February 5, 2018. Credit Suisse expects to deliver an irrevocable call notice with respect to the event acceleration of XIV to DTC no later then February 15. XIV offers extremely liquid inverse exposure to short-term VIX futures in an ETN. The fund accurately delivers -1x exposure—one day at a time—to first- and second-month VIX futures. This fund does not provide inverse exposure to the VIX index itself, which is truly uninvestable. Still, as a tactical tool for short-run use, the note does its job and is extremely liquid. The note's volume has historically been high relative to its assets, highlighting its utility as a supremely tactical vehicle. The note is backed not by futures and collateral, but by a promise to pay from the issuing bank, Credit Suisse. Still, counterparty risk is likely a deserved nonfactor in the minds of investors who measure time horizon in hours rather than years.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

XIV Factset Analytics Block Liquidity

As of 02/16/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of XIV. XIV is rated a 5 out of 5.

XIV Summary Data

Credit Suisse
11/29/10
Exchange-Traded Note
1.35%
$88.13M
0.04%

XIV Portfolio Data

0.00%
N/A

XIV Index Data

Single Asset
Single Asset
N/A

XIV Fund Structure

No
N/A
N/A
Credit Suisse AG
Low
Closing
-1
Daily

XIV Tax Exposures

20.00% / 39.60%
--
No

XIV Tradability

5,737,020
$564.66M
4,370,270
$536.03M
0.04%
0.13%
2,245.00% / -2.69%
Potential
25,000
174.81
0.05%
--
$5.99
5