VXXB

iPath Series B S&P 500 VIX Short Term Futures ETN
--

--
*Unless otherwise stated, data provided by FactSet.

VXXB Fund Description

VXXB tracks an index with exposure to futures contracts on the CBOE Volatility Index with average 1-month maturity. Exposure resets daily.

VXXB Factset Analytics Insight

VXXB is among the largest and most liquid volatility ETPs, and is one of a handful that offer short-term VIX futures exposure. Two immediate caveats: 1) volatility ETPs deliver poor long-term exposure to the VIX index; and 2) volatility ETPs have a history of erasing vast sums of investor capital over holdings periods as short as a few days. Still, short-term VIX ETPs like VXXB generally make better tools for tactical exposure to the VIX than midterm products (short-term means 1-month average term VIX futures). They tend to have a better statistical correlation to the VIX, but also lose more money from contango in their futures positions. VXXB’s performance is basically indistinguishable from its short-term peers, but its excellent trading volume makes it the trader's choice. As an ETN, VXXB is backed by Barclay’s credit rather than by assets.VXXB is a replacement (“Series B”) for VXX. The new note provides identical exposure with some structural changes, including an issuer call feature, reduced expense ratio, non-path-dependent fee structure, maturity 30 years from issuance, and the ability to split shares if necessary.

VXXB CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 03/18/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
VXXB -12.06% -33.02% -39.01% -27.07% -- -- --
VXXB (NAV) -12.12% -33.17% -38.99% -27.92% -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

VXXB Summary Data

iPath
01/17/18
Exchange-Traded Note
0.89%
$620.39M
$565.89M
0.03%

VXXB Portfolio Data

S&P 500 Short-Term
--
N/A
0

VXXB Index Data

Single Asset
Single Asset
N/A

VXXB Portfolio Management

0.89%
--
--
--

VXXB Tax Exposures

20.00% / 39.60%
--
No distributions
No

VXXB Fund Structure

Exchange-Traded Note
No
N/A
N/A / N/A
Barclays Bank PLC
Low
Low
Daily
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

VXXB Factset Analytics Block Liquidity

As of 03/19/19
5
4
3
2
1

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

VXXB Tradability

17,240,425
$565.89M
18,903,994
$590.96M
0.03%
$0.01
0.19%
5.50% / -5.05%
None
100.00%
25,000
756.16
0.00%
--
1,356,124
$28.61
5

VXXB Expected Decay

Expected decay estimates the annualized impact on returns solely from the futures term structure. A positive number implies an expected loss attributable to the term structure and a negative number implies an expected gain attributable to the term structure. Decay–to–spot compares weighted average futures contract prices with the spot VIX value. It also assumes a constant spot VIX level. Decay–to–preceding compares weighted average futures price levels with those immediately preceding on the curve, assuming that the shape of the curve is constant.

VXXB Term Structure

N/A
N/A

VXXB Performance Statistics

0.88
0.43
--
--
--
--

VXXB Correlations (DAILY RETURNS 12 MO)

0.94
-0.82

Rolling 30-day Correlation to VIX Index

Options Strategies for Outcome Investing

Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.