EXIVVelocityShares 1X Daily Inverse VSTOXX Futures ETN
EXIV Fund Description
EXIV provides inverse exposure to an index of futures on the Euro STOXX Volatility Index, or VSTOXX, with a weighted average maturity of one month.
EXIV Factset Analytics Insight
EXIV offers -1x daily inverse exposure to volatility derivatives on the Euro STOXX 50, an index of 50 large-cap Eurozone stocks. The note rolls its contract exposure daily, such that the weighted average maturity of the underlying futures contracts is always one month away. As a geared product, EXIV’s long-term exposure to the underlying futures will vary from -1x due to daily compounding, and volatility futures do a poor job of tracking their underlying indexes over the long-term. As a result, EXIV is only suitable for tactical, short-term positions, and the note’s steep expense ratio is less important than its trading costs. As an ETN, EXIV is an unsecured liability of UBS.
EXIV CHARTS AND PERFORMANCE
EXIV Portfolio Data
EXIV Index Data
EXIV Fund Structure
EXIV Tax Exposures
EXIV Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of EXIV. EXIV is rated a 5 out of 5.