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 $2.70B. 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 $765.99M in assets. In the last trailing year, the best performing Volatility ETF was the EXIV at 18.82%. 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

VMAXREX VolMAXX Long VIX Futures Strategy ETF1.40%
EXIVVelocityShares 1X Daily Inverse VSTOXX Futures ETN1.29%
VIIZVelocityShares VIX Medium Term ETN1.13%
VIXMProShares VIX Mid-Term Futures ETF0.72%
VXZiPath S&P 500 VIX Mid-Term Futures ETN0.62%

BOTTOM ETF PERFORMERS

TVIXVelocityShares Daily 2x VIX Short-Term ETN-7.40%
VXZBiPath Series B S&P 500 VIX Mid-Term Futures ETN-5.10%
UVXYProShares Ultra VIX Short-Term Futures ETF-4.87%
EVIXVelocityShares 1X Long VSTOXX Futures ETN-4.08%
VXXBiPath Series B S&P 500 VIX Short Term Futures ETN-2.20%

top creations

TVIXVelocityShares Daily 2x VIX Short-Term ETN42.85
VIXYProShares VIX Short-Term Futures ETF1.65
VIIZVelocityShares VIX Medium Term ETN1.55
VXXBiPath Series B S&P 500 VIX Short Term Futures ETN0.33
VMAXREX VolMAXX Long VIX Futures Strategy ETF0.00

top redemptions

UVXYProShares Ultra VIX Short-Term Futures ETF-155.29
VXXiPath S&P 500 VIX Short-Term Futures ETN-132.29
SVXYProShares Short VIX Short-Term Futures ETF-53.13
ZIVVelocityShares Daily Inverse VIX Medium-Term ETN-11.54
XVZiPath S&P 500 Dynamic VIX ETN-2.00

AUM WINNERS

VIIZVelocityShares VIX Medium Term ETN434.39%
VIIXVelocityShares Daily Long VIX Short-Term ETN51.85%
UVXYProShares Ultra VIX Short-Term Futures ETF12.61%
VIXYProShares VIX Short-Term Futures ETF8.70%
VXXiPath S&P 500 VIX Short-Term Futures ETN7.21%

AUM LOSERS

TVIZVelocityShares Daily 2x VIX Medium-Term ETN-59.47%
XVZiPath S&P 500 Dynamic VIX ETN-14.55%
SVXYProShares Short VIX Short-Term Futures ETF-10.16%
VMINREX VolMAXX Short VIX Futures Strategy ETF-9.94%
ZIVVelocityShares Daily Inverse VIX Medium-Term ETN-9.32%

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