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.

TOP ETF PERFORMERS

VMINREX VolMAXX Short VIX Weekly Futures Strategy ETF23.41%
XIVVelocityShares Daily Inverse VIX Short-Term ETN20.69%
SVXYProShares Short VIX Short-Term Futures ETF20.69%
EXIVVelocityShares 1X Daily Inverse VSTOXX Futures ETN16.11%
ZIVVelocityShares Daily Inverse VIX Medium-Term ETN8.69%

BOTTOM ETF PERFORMERS

TVIXVelocityShares Daily 2x VIX Short-Term ETN-33.17%
UVXYProShares Ultra VIX Short-Term Futures ETF-32.51%
VMAXREX VolMAXX Long VIX Weekly Futures Strategy ETF-20.16%
EVIXVelocityShares 1X Long VSTOXX Futures ETN-19.48%
VIIXVelocityShares Daily Long VIX Short-Term ETN-17.65%

AUM WINNERS

TVIZVelocityShares Daily 2x VIX Medium-Term ETN61.45%
EXIVVelocityShares 1X Daily Inverse VSTOXX Futures ETN17.01%
ZIVVelocityShares Daily Inverse VIX Medium-Term ETN8.95%
IVOPiPath Inverse S&P 500 VIX Short Term Futures ETN4.93%
XXViPath Inverse S&P 500 VIX Short-Term Futures ETN0.02%

AUM LOSERS

TVIXVelocityShares Daily 2x VIX Short-Term ETN-22.50%
XIVVelocityShares Daily Inverse VIX Short-Term ETN-20.32%
VMAXREX VolMAXX Long VIX Weekly Futures Strategy ETF-18.84%
VXXiPath S&P 500 VIX Short-Term Futures ETN-18.56%
EVIXVelocityShares 1X Long VSTOXX Futures ETN-17.91%

ETF Results:

19 ETFs
As of 10/20/2017
XIVVelocityShares Daily Inverse VIX Short-Term ETNCredit Suisse1.35%$1.10B0.04%Inverse Alternatives: Volatility
VXXiPath S&P 500 VIX Short-Term Futures ETNBarclays Capital0.89%$1.07B0.02%Alternatives: Volatility
SVXYProShares Short VIX Short-Term Futures ETFProShares1.22%$1.05B0.03%Inverse Alternatives: Volatility
UVXYProShares Ultra VIX Short-Term Futures ETFProShares1.30%$481.17M0.05%Leveraged Alternatives: Volatility
TVIXVelocityShares Daily 2x VIX Short-Term ETNCredit Suisse1.65%$250.52M0.08%Leveraged Alternatives: Volatility
ZIVVelocityShares Daily Inverse VIX Medium-Term ETNCredit Suisse1.35%$186.83M0.11%Inverse Alternatives: Volatility
VIXYProShares VIX Short-Term Futures ETFProShares0.87%$171.85M0.04%Alternatives: Volatility
EXIVVelocityShares 1X Daily Inverse VSTOXX Futures ETNUBS1.35%$42.81M0.31%Inverse Alternatives: Volatility
VIXMProShares VIX Mid-Term Futures ETFProShares0.87%$40.76M0.13%Alternatives: Volatility
VXZiPath S&P 500 VIX Mid-Term Futures ETNBarclays Capital0.89%$39.85M0.09%Alternatives: Volatility
XVZiPath S&P 500 Dynamic VIX ETNBarclays Capital0.95%$15.85M0.57%Alternatives: Volatility
EVIXVelocityShares 1X Long VSTOXX Futures ETNUBS1.35%$14.40M0.42%Alternatives: Volatility
VMINREX VolMAXX Short VIX Weekly Futures Strategy ETFExchange Traded Concepts3.13%$13.30M0.69%Inverse Alternatives: Volatility
VIIXVelocityShares Daily Long VIX Short-Term ETNCredit Suisse0.89%$12.77M0.12%Alternatives: Volatility
TVIZVelocityShares Daily 2x VIX Medium-Term ETNCredit Suisse1.65%$2.31M0.27%Leveraged Alternatives: Volatility
VMAXREX VolMAXX Long VIX Weekly Futures Strategy ETFExchange Traded Concepts2.90%$2.13M0.97%Alternatives: Volatility
VIIZVelocityShares VIX Medium Term ETNCredit Suisse0.89%$940.70K0.17%Alternatives: Volatility
IVOPiPath Inverse S&P 500 VIX Short Term Futures ETNBarclays Capital0.89%$577.59K0.12%Inverse Alternatives: Volatility
XXViPath Inverse S&P 500 VIX Short-Term Futures ETNBarclays Capital0.89%$435.62K0.13%Inverse Alternatives: Volatility
XIVVelocityShares Daily Inverse VIX Short-Term ETN20.69%20.55%186.79%45.60%--   10/20/2017
VXXiPath S&P 500 VIX Short-Term Futures ETN-17.55%-25.51%-73.83%-56.83%--   10/20/2017
SVXYProShares Short VIX Short-Term Futures ETF20.69%19.90%41.33%25.96%--   10/20/2017
UVXYProShares Ultra VIX Short-Term Futures ETF-32.51%--   -94.86%-87.90%--   10/20/2017
TVIXVelocityShares Daily 2x VIX Short-Term ETN-33.17%-49.88%-94.88%-88.15%--   10/20/2017
ZIVVelocityShares Daily Inverse VIX Medium-Term ETN8.69%9.96%82.07%30.49%--   10/20/2017
VIXYProShares VIX Short-Term Futures ETF-17.57%--   -73.88%-56.87%--   10/20/2017
EXIVVelocityShares 1X Daily Inverse VSTOXX Futures ETN16.11%31.08%--   --   --   10/20/2017
VIXMProShares VIX Mid-Term Futures ETF-8.11%-10.61%-48.04%-31.56%--   10/20/2017
VXZiPath S&P 500 VIX Mid-Term Futures ETN-8.25%-10.85%-47.98%-31.41%--   10/20/2017
XVZiPath S&P 500 Dynamic VIX ETN-0.13%-3.98%-19.05%-14.43%--   10/20/2017
EVIXVelocityShares 1X Long VSTOXX Futures ETN-19.48%-29.46%--   --   --   10/20/2017
VMINREX VolMAXX Short VIX Weekly Futures Strategy ETF23.41%21.25%214.63%--   --   10/20/2017
VIIXVelocityShares Daily Long VIX Short-Term ETN-17.65%-25.35%-73.87%-56.82%--   10/20/2017
TVIZVelocityShares Daily 2x VIX Medium-Term ETN-15.83%-21.79%-74.30%-57.33%--   10/20/2017
VMAXREX VolMAXX Long VIX Weekly Futures Strategy ETF-20.16%-35.11%-83.35%--   --   10/20/2017
VIIZVelocityShares VIX Medium Term ETN-7.99%-10.70%-47.81%-31.09%--   10/20/2017
IVOPiPath Inverse S&P 500 VIX Short Term Futures ETN--   0.10%0.96%1.50%--   10/20/2017
XXViPath Inverse S&P 500 VIX Short-Term Futures ETN0.03%-0.08%-1.79%0.10%--   10/20/2017
XIVVelocityShares Daily Inverse VIX Short-Term ETNCredit SuisseInverse Alternatives: Volatility--------
VXXiPath S&P 500 VIX Short-Term Futures ETNBarclays CapitalAlternatives: VolatilityB859947
SVXYProShares Short VIX Short-Term Futures ETFProSharesInverse Alternatives: Volatility--------
UVXYProShares Ultra VIX Short-Term Futures ETFProSharesLeveraged Alternatives: Volatility--------
TVIXVelocityShares Daily 2x VIX Short-Term ETNCredit SuisseLeveraged Alternatives: Volatility--------
ZIVVelocityShares Daily Inverse VIX Medium-Term ETNCredit SuisseInverse Alternatives: Volatility--------
VIXYProShares VIX Short-Term Futures ETFProSharesAlternatives: VolatilityB839847
EXIVVelocityShares 1X Daily Inverse VSTOXX Futures ETNUBSInverse Alternatives: Volatility--------
VIXMProShares VIX Mid-Term Futures ETFProSharesAlternatives: VolatilityC778737
VXZiPath S&P 500 VIX Mid-Term Futures ETNBarclays CapitalAlternatives: VolatilityB819737
XVZiPath S&P 500 Dynamic VIX ETNBarclays CapitalAlternatives: VolatilityC765320
EVIXVelocityShares 1X Long VSTOXX Futures ETNUBSAlternatives: Volatility--------
VMINREX VolMAXX Short VIX Weekly Futures Strategy ETFExchange Traded ConceptsInverse Alternatives: Volatility--------
VIIXVelocityShares Daily Long VIX Short-Term ETNCredit SuisseAlternatives: VolatilityB819653
TVIZVelocityShares Daily 2x VIX Medium-Term ETNCredit SuisseLeveraged Alternatives: Volatility--------
VMAXREX VolMAXX Long VIX Weekly Futures Strategy ETFExchange Traded ConceptsAlternatives: Volatility--------
VIIZVelocityShares VIX Medium Term ETNCredit SuisseAlternatives: VolatilityC796936
IVOPiPath Inverse S&P 500 VIX Short Term Futures ETNBarclays CapitalInverse Alternatives: Volatility--------
XXViPath Inverse S&P 500 VIX Short-Term Futures ETNBarclays CapitalInverse Alternatives: Volatility--------
XIVVelocityShares Daily Inverse VIX Short-Term ETN------ ------
VXXiPath S&P 500 VIX Short-Term Futures ETN------ ------
SVXYProShares Short VIX Short-Term Futures ETF------ ------
UVXYProShares Ultra VIX Short-Term Futures ETF------ ------
TVIXVelocityShares Daily 2x VIX Short-Term ETN------ ------
ZIVVelocityShares Daily Inverse VIX Medium-Term ETN------ ------
VIXYProShares VIX Short-Term Futures ETF------ ------
EXIVVelocityShares 1X Daily Inverse VSTOXX Futures ETN------ ------
VIXMProShares VIX Mid-Term Futures ETF------ ------
VXZiPath S&P 500 VIX Mid-Term Futures ETN------ ------
XVZiPath S&P 500 Dynamic VIX ETN------ ------
EVIXVelocityShares 1X Long VSTOXX Futures ETN------ ------
VMINREX VolMAXX Short VIX Weekly Futures Strategy ETF25.94%---- ------
VIIXVelocityShares Daily Long VIX Short-Term ETN------ ------
TVIZVelocityShares Daily 2x VIX Medium-Term ETN------ ------
VMAXREX VolMAXX Long VIX Weekly Futures Strategy ETF------ ------
VIIZVelocityShares VIX Medium Term ETN------ ------
IVOPiPath Inverse S&P 500 VIX Short Term Futures ETN------ ------
XXViPath Inverse S&P 500 VIX Short-Term Futures ETN------ ------
XIVVelocityShares Daily Inverse VIX Short-Term ETN
VXXiPath S&P 500 VIX Short-Term Futures ETN
SVXYProShares Short VIX Short-Term Futures ETF
UVXYProShares Ultra VIX Short-Term Futures ETF
TVIXVelocityShares Daily 2x VIX Short-Term ETN
ZIVVelocityShares Daily Inverse VIX Medium-Term ETN
VIXYProShares VIX Short-Term Futures ETF
EXIVVelocityShares 1X Daily Inverse VSTOXX Futures ETN
VIXMProShares VIX Mid-Term Futures ETF
VXZiPath S&P 500 VIX Mid-Term Futures ETN
XVZiPath S&P 500 Dynamic VIX ETN
EVIXVelocityShares 1X Long VSTOXX Futures ETN
VMINREX VolMAXX Short VIX Weekly Futures Strategy ETF
VIIXVelocityShares Daily Long VIX Short-Term ETN
TVIZVelocityShares Daily 2x VIX Medium-Term ETN
VMAXREX VolMAXX Long VIX Weekly Futures Strategy ETF
VIIZVelocityShares VIX Medium Term ETN
IVOPiPath Inverse S&P 500 VIX Short Term Futures ETN
XXViPath Inverse S&P 500 VIX Short-Term Futures ETN
VelocityShares Daily Inverse VIX Short-Term ETNXIVAlternativesVanillaNorth AmericaU.S.Tactical ToolsVolatilityS&P 500 Short-TermYesNoYesS&P 500 VIX Short-Term Futures Index ERS&PSingle AssetSingle AssetNo
iPath S&P 500 VIX Short-Term Futures ETNVXXAlternativesVanillaNorth AmericaU.S.Tactical ToolsVolatilityS&P 500 Short-TermNoNoYesS&P 500 VIX Short-Term Futures IndexS&PSingle AssetSingle AssetNo
ProShares Short VIX Short-Term Futures ETFSVXYAlternativesVanillaNorth AmericaU.S.Tactical ToolsVolatilityS&P 500 Short-TermYesNoNoS&P 500 VIX Short-Term Futures Index ERS&PSingle AssetSingle AssetNo
ProShares Ultra VIX Short-Term Futures ETFUVXYAlternativesVanillaNorth AmericaU.S.Tactical ToolsVolatilityS&P 500 Short-TermNoYesNoS&P 500 VIX Short-Term Futures Index ERS&PSingle AssetSingle AssetNo
VelocityShares Daily 2x VIX Short-Term ETNTVIXAlternativesVanillaNorth AmericaU.S.Tactical ToolsVolatilityS&P 500 Short-TermNoYesYesS&P 500 VIX Short-Term Futures Index ERS&PSingle AssetSingle AssetNo
VelocityShares Daily Inverse VIX Medium-Term ETNZIVAlternativesVanillaNorth AmericaU.S.Tactical ToolsVolatilityS&P 500 Mid-TermYesNoYesS&P 500 VIX Mid-Term Futures Index ERS&PSingle AssetSingle AssetNo
ProShares VIX Short-Term Futures ETFVIXYAlternativesVanillaNorth AmericaU.S.Tactical ToolsVolatilityS&P 500 Short-TermNoNoNoS&P 500 VIX Short-Term Futures IndexS&PSingle AssetSingle AssetNo
VelocityShares 1X Daily Inverse VSTOXX Futures ETNEXIVAlternativesVanillaEuropeDeveloped EuropeTactical ToolsVolatilityEuro STOXX 50 Short-TermYesNoYesVSTOXX Short-Term Futures Inverse Investable IndexSTOXXSingle AssetSingle AssetNo
ProShares VIX Mid-Term Futures ETFVIXMAlternativesVanillaNorth AmericaU.S.Tactical ToolsVolatilityS&P 500 Mid-TermNoNoNoS&P 500 VIX Mid-Term Futures IndexS&PSingle AssetSingle AssetNo
iPath S&P 500 VIX Mid-Term Futures ETNVXZAlternativesVanillaNorth AmericaU.S.Tactical ToolsVolatilityS&P 500 Mid-TermNoNoYesS&P 500 VIX Mid-Term Futures IndexS&PSingle AssetSingle AssetNo
iPath S&P 500 Dynamic VIX ETNXVZAlternativesTechnicalNorth AmericaU.S.Tactical ToolsVolatilityTrend-FollowingNoNoYesS&P 500 Dynamic VIX Futures Total Return IndexS&PSingle AssetTechnicalNo
VelocityShares 1X Long VSTOXX Futures ETNEVIXAlternativesVanillaEuropeDeveloped EuropeTactical ToolsVolatilityEuro STOXX 50 Short-TermNoNoYesVSTOXX Short-Term Futures Investable IndexSTOXXSingle AssetSingle AssetNo
REX VolMAXX Short VIX Weekly Futures Strategy ETFVMINAlternativesActiveNorth AmericaU.S.Tactical ToolsVolatilityS&P 500 Short-TermYesNoNoNo Underlying IndexNo Underlying IndexProprietaryProprietaryYes
VelocityShares Daily Long VIX Short-Term ETNVIIXAlternativesVanillaNorth AmericaU.S.Tactical ToolsVolatilityS&P 500 Short-TermNoNoYesS&P 500 VIX Short-Term Futures Index ERS&PSingle AssetSingle AssetNo
VelocityShares Daily 2x VIX Medium-Term ETNTVIZAlternativesVanillaNorth AmericaU.S.Tactical ToolsVolatilityS&P 500 Mid-TermNoYesYesS&P 500 VIX Mid-Term Futures Index ERS&PSingle AssetSingle AssetNo
REX VolMAXX Long VIX Weekly Futures Strategy ETFVMAXAlternativesActiveNorth AmericaU.S.Tactical ToolsVolatilityS&P 500 Short-TermNoNoNoNo Underlying IndexNo Underlying IndexProprietaryProprietaryYes
VelocityShares VIX Medium Term ETNVIIZAlternativesVanillaNorth AmericaU.S.Tactical ToolsVolatilityS&P 500 Mid-TermNoNoYesS&P 500 VIX Mid-Term Futures Index ERS&PSingle AssetSingle AssetNo
iPath Inverse S&P 500 VIX Short Term Futures ETNIVOPAlternativesVanillaNorth AmericaU.S.Tactical ToolsVolatilityS&P 500 Short-TermYesNoYesS&P 500 VIX Short-Term Futures IndexS&PSingle AssetSingle AssetNo
iPath Inverse S&P 500 VIX Short-Term Futures ETNXXVAlternativesVanillaNorth AmericaU.S.Tactical ToolsVolatilityS&P 500 Short-TermYesNoYesS&P 500 VIX Short-Term Futures IndexS&PSingle AssetSingle AssetNo
XIVVelocityShares Daily Inverse VIX Short-Term ETNExchange-Traded Note20.0039.601099
VXXiPath S&P 500 VIX Short-Term Futures ETNExchange-Traded Note20.0039.601099
SVXYProShares Short VIX Short-Term Futures ETFCommodities Pool27.8427.84K-1
UVXYProShares Ultra VIX Short-Term Futures ETFCommodities Pool27.8427.84K-1
TVIXVelocityShares Daily 2x VIX Short-Term ETNExchange-Traded Note20.0039.601099
ZIVVelocityShares Daily Inverse VIX Medium-Term ETNExchange-Traded Note20.0039.601099
VIXYProShares VIX Short-Term Futures ETFCommodities Pool27.8427.84K-1
EXIVVelocityShares 1X Daily Inverse VSTOXX Futures ETNExchange-Traded Note20.0039.601099
VIXMProShares VIX Mid-Term Futures ETFCommodities Pool27.8427.84K-1
VXZiPath S&P 500 VIX Mid-Term Futures ETNExchange-Traded Note20.0039.601099
XVZiPath S&P 500 Dynamic VIX ETNExchange-Traded Note20.0039.601099
EVIXVelocityShares 1X Long VSTOXX Futures ETNExchange-Traded Note20.0039.601099
VMINREX VolMAXX Short VIX Weekly Futures Strategy ETFOpen-Ended Fund20.0039.601099
VIIXVelocityShares Daily Long VIX Short-Term ETNExchange-Traded Note20.0039.601099
TVIZVelocityShares Daily 2x VIX Medium-Term ETNExchange-Traded Note20.0039.601099
VMAXREX VolMAXX Long VIX Weekly Futures Strategy ETFOpen-Ended Fund20.0039.601099
VIIZVelocityShares VIX Medium Term ETNExchange-Traded Note20.0039.601099
IVOPiPath Inverse S&P 500 VIX Short Term Futures ETNExchange-Traded Note20.0039.601099
XXViPath Inverse S&P 500 VIX Short-Term Futures ETNExchange-Traded Note20.0039.601099
XIVVelocityShares Daily Inverse VIX Short-Term ETN------------
VXXiPath S&P 500 VIX Short-Term Futures ETN------------
SVXYProShares Short VIX Short-Term Futures ETF------------
UVXYProShares Ultra VIX Short-Term Futures ETF------------
TVIXVelocityShares Daily 2x VIX Short-Term ETN------------
ZIVVelocityShares Daily Inverse VIX Medium-Term ETN------------
VIXYProShares VIX Short-Term Futures ETF------------
EXIVVelocityShares 1X Daily Inverse VSTOXX Futures ETN------------
VIXMProShares VIX Mid-Term Futures ETF------------
VXZiPath S&P 500 VIX Mid-Term Futures ETN------------
XVZiPath S&P 500 Dynamic VIX ETN------------
EVIXVelocityShares 1X Long VSTOXX Futures ETN------------
VMINREX VolMAXX Short VIX Weekly Futures Strategy ETF------------
VIIXVelocityShares Daily Long VIX Short-Term ETN------------
TVIZVelocityShares Daily 2x VIX Medium-Term ETN------------
VMAXREX VolMAXX Long VIX Weekly Futures Strategy ETF------------
VIIZVelocityShares VIX Medium Term ETN------------
IVOPiPath Inverse S&P 500 VIX Short Term Futures ETN------------
XXViPath Inverse S&P 500 VIX Short-Term Futures ETN------------

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