TVIX ETF Report: Ratings, Analysis, Quotes, Holdings

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*Unless otherwise stated, data provided by FactSet.

TVIX Fund Description

TVIX provides 2x leveraged exposure to an index comprising first- and second-month VIX future positions resulting in a weighted average maturity of 1 month.

TVIX Factset Analytics Insight

TVIX offers geared exposure to VIX futures, designed to capture near-term volatility in the S&P, in an ETN wrapper with ongoing trading issues. The note is designed to deliver daily 2x exposure to short-term (average 1 month maturity) VIX futures. VIX-futures ETPs—geared or not—are emphatically tactical, designed to be held for days or even hours. Inside that limited horizon, TVIX is an excellent way to enhance exposure to VIX futures. It trades in excellent volume, with modest spreads and good block liquidity. The expense ratio is rather high, even for the pricey levered-ETF space. It is worth noting that in February 2012, Credit Suisse halted creations following major inflows that the bank was unable or unwilling to hedge. While the bank's initial response may have been entirely prudent, the removal of part of the plumbing that keeps prices in line with fair value produced massive premiums to NAV. Creation status has since returned to normal, but it's not unreasonable to worry that Credit Suisse could halt creations once again if the bank cannot effectively hedge its position in TVIX.

TVIX Charts And Performance

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1 Year
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PERFORMANCE [as of 12/04/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

TVIX -8.37% -60.35% -89.11% -78.27% -81.67% -83.03% --

TVIX (NAV) -16.05% -58.59% -90.14% -84.30% -82.29% -83.15% --

S&P 500 VIX Short-Term Futures Index -7.57% -33.17% -62.27% -51.86% -- -- --

N/A -- -- -- -- -- -- --

All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

TVIX Summary Data

Credit Suisse

VelocityShares

11/29/10

Exchange-Traded Note

1.65%

$993.86M

0.11%

Fund Home Page

TVIX Portfolio Data

0.00%

N/A

TVIX Index Data

S&P 500 VIX Short-Term Futures Index

Single Asset

N/A

TVIX Fund Structure

N/A

N/A / N/A

Credit Suisse Group AG

Low

Leverage Reset Frequency Daily

TVIX Tax Exposures

20.00% / 39.60%

Cboe Book Viewer

Top Of Book

Last 10 Trades

Bats BZX Real-time Quote -

TVIX Factset Analytics Block Liquidity

As of 12/05/19

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

TVIX Tradability

3,828,786

$411.53M

3,127,482

$284.85M

0.11%

$0.01

1.67%

911.49% / -4.98%

Potential

0.00%

25,000

125.10

0.04%

$69.65

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