Volatility ETF Overview

Volatility ETFs are popular trading products. These products are linked to volatility futures. They own or short futures based on the CBOE Volatility Index (VIX). The VIX index portrays the price volatility embedded in the option prices of the S&P 500 Index for the next 30 days.

Investors need to understand that these funds track the futures on the VIX, not VIX itself. Because of the nature of the VIX futures markets, the rolling cost of futures may be detrimental to performance results. Thus, these products may lose money over the long term. Investors need to approach these products with care.

With 18 ETFs traded in the U.S. markets, Volatility ETFs gather total assets under management of $2.97B. The average expense ratio is 1.37%. Volatility ETFs can be found in the following asset classes:

  • Alternatives

The largest Volatility ETF is the iPath S&P 500 VIX Short-Term Futures ETN VXX with $935.18M in assets. In the last trailing year, the best performing Volatility ETF was the EXIV at 55.98%. The most-recent ETF launched in the Volatility space was the iPath Series B S&P 500 VIX Short Term Futures ETN VXXB in 01/17/18.

TOP ETF PERFORMERS

VMINREX VolMAXX Short VIX Futures Strategy ETF10.33%
ZIVVelocityShares Daily Inverse VIX Medium-Term ETN8.31%
SVXYProShares Short VIX Short-Term Futures ETF6.38%
XVZiPath S&P 500 Dynamic VIX ETN-0.56%
EXIVVelocityShares 1X Daily Inverse VSTOXX Futures ETN-3.61%

BOTTOM ETF PERFORMERS

TVIXVelocityShares Daily 2x VIX Short-Term ETN-26.15%
UVXYProShares Ultra VIX Short-Term Futures ETF-19.47%
TVIZVelocityShares Daily 2x VIX Medium-Term ETN-16.28%
VIXYProShares VIX Short-Term Futures ETF-13.00%
VXXiPath S&P 500 VIX Short-Term Futures ETN-12.93%

top creations

UVXYProShares Ultra VIX Short-Term Futures ETF139.63
TVIXVelocityShares Daily 2x VIX Short-Term ETN84.26
EXIVVelocityShares 1X Daily Inverse VSTOXX Futures ETN--
TVIZVelocityShares Daily 2x VIX Medium-Term ETN--
VIIXVelocityShares Daily Long VIX Short-Term ETN--

top redemptions

SVXYProShares Short VIX Short-Term Futures ETF-151.45
VXZiPath S&P 500 VIX Mid-Term Futures ETN-8.98
VIXYProShares VIX Short-Term Futures ETF-6.22
ZIVVelocityShares Daily Inverse VIX Medium-Term ETN-4.76
XVZiPath S&P 500 Dynamic VIX ETN-4.04

AUM WINNERS

TVIXVelocityShares Daily 2x VIX Short-Term ETN31.10%
VXXiPath S&P 500 VIX Short-Term Futures ETN21.97%
UVXYProShares Ultra VIX Short-Term Futures ETF21.21%
ZIVVelocityShares Daily Inverse VIX Medium-Term ETN18.96%
VIXYProShares VIX Short-Term Futures ETF9.04%

AUM LOSERS

VXZiPath S&P 500 VIX Mid-Term Futures ETN-26.72%
TVIZVelocityShares Daily 2x VIX Medium-Term ETN-21.99%
VXXBiPath Series B S&P 500 VIX Short Term Futures ETN-18.08%
EVIXVelocityShares 1X Long VSTOXX Futures ETN-17.11%
VMAXREX VolMAXX Long VIX Futures Strategy ETF-12.98%

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