ZIV

VelocityShares Daily Inverse VIX Medium-Term ETN
*Unless otherwise stated, data provided by FactSet.

ZIV Fund Description

ZIV tracks the price performance of futures contracts on the VIX with an average maturity of 5 months.

ZIV Factset Analytics Insight

ZIV provides inverse exposure to midterm VIX futures in a note with decent liquidity, allowing investors to make a short-term bet against stock price volatility. While most of the action in VIX futures is in the near-term space, ZIV offers -1x exposure to futures with 5 months' maturity on average. The ETN is designed to be held for very short periods of time—in fact, the -1x multiple holds true for just one day. With such a short investment horizon, trading costs are paramount. ZIV trades with decent volume, at average spreads. While hardly illiquid, this activity pales next to sister-fund XIV (-1x short-term coverage), which trades with significantly higher volume and thin spreads. In all, ZIV has modest assets and so-so Tradability, but it's the only game in town for those needing -1x exposure to the middle part of the VIX futures term structure.

ZIV Charts And Performance

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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Select ETFs to compare their performance:
PERFORMANCE [as of 12/10/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ZIV -0.60% 0.31% 12.90% 7.22% 13.17% 9.82% --
ZIV (NAV) 0.22% 1.27% 13.62% 7.19% 13.41% 10.31% --
S&P 500 VIX Mid-Term Futures Index -0.32% -1.89% -14.87% -9.76% -17.68% -17.93% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ZIV Summary Data

Credit Suisse
11/29/10
Exchange-Traded Note
1.35%
$79.35M
0.21%

ZIV Portfolio Data

0.00%
N/A

ZIV Index Data

Single Asset
Single Asset
N/A

ZIV Fund Structure

No
N/A
N/A / N/A
Credit Suisse Group AG
Low
Low
-1
Daily

ZIV Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

ZIV Factset Analytics Block Liquidity

As of 12/11/19
5
4
3
2
1

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

ZIV Tradability

25,729
$1.68M
16,538
$1.13M
0.21%
$0.14
0.05%
1.67% / -1.97%
None
0.00%
25,000
0.66
0.00%
--
0
$68.81
5