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
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 08/15/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ZIV -14.28% -8.26% 8.34% -16.45% 14.84% 7.13% --
ZIV (NAV) -12.81% -8.50% 9.54% -14.17% 15.22% -- --
S&P 500 VIX Mid-Term Futures Index 13.31% 7.98% -10.66% 11.50% -19.17% -16.09% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ZIV Summary Data

11/29/10
Exchange-Traded Note
1.35%
$73.79M
0.17%

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 -
Daily Spread
Premium/Discount
Volume

ZIV Factset Analytics Block Liquidity

As of 08/16/19
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

37,714
$2.75M
30,694
$2.34M
0.17%
$0.13
0.00%
1.67% / -3.13%
None
0.00%
25,000
1.23
0.00%
--
--
$66.34
5