Volatility ETF Overview

Volatility ETFs are popular trading products. These products are linked to volatility futures. They own or short futures based on the CBOE Volatility Index (VIX). The VIX index portrays the price volatility embedded in the option prices of the S&P 500 Index for the next 30 days.

Investors need to understand that these funds track the futures on the VIX, not VIX itself. Because of the nature of the VIX futures markets, the rolling cost of futures may be detrimental to performance results. Thus, these products may lose money over the long term. Investors need to approach these products with care.

With 15 ETFs traded in the U.S. markets, Volatility ETFs gather total assets under management of $2.83B. The average expense ratio is 1.28%. Volatility ETFs can be found in the following asset classes:

  • Alternatives

The largest Volatility ETF is the iPath S&P 500 VIX Short-Term Futures ETN VXX with $841.10M in assets. In the last trailing year, the best performing Volatility ETF was the ZIV at 15.02%. The most-recent ETF launched in the Volatility space was the iPath Series B S&P 500 VIX Short Term Futures ETN VXXB in 01/17/18.

TOP ETF PERFORMERS

EVIXVelocityShares 1X Long VSTOXX Futures ETN11.26%
XVZiPath S&P 500 Dynamic VIX ETN3.65%
SVXYProShares Short VIX Short-Term Futures ETF1.66%
ZIVVelocityShares Daily Inverse VIX Medium-Term ETN1.48%
VMINREX VolMAXX Short VIX Futures Strategy ETF1.37%

BOTTOM ETF PERFORMERS

EXIVVelocityShares 1X Daily Inverse VSTOXX Futures ETN-12.50%
TVIXVelocityShares Daily 2x VIX Short-Term ETN-11.43%
UVXYProShares Ultra VIX Short-Term Futures ETF-7.61%
VXXiPath S&P 500 VIX Short-Term Futures ETN-4.82%
VIXYProShares VIX Short-Term Futures ETF-4.52%

top creations

UVXYProShares Ultra VIX Short-Term Futures ETF401.46
VXXiPath S&P 500 VIX Short-Term Futures ETN127.64
VIXYProShares VIX Short-Term Futures ETF35.81
TVIXVelocityShares Daily 2x VIX Short-Term ETN25.52
VIIXVelocityShares Daily Long VIX Short-Term ETN4.87

top redemptions

SVXYProShares Short VIX Short-Term Futures ETF-98.55
EXIVVelocityShares 1X Daily Inverse VSTOXX Futures ETN-1.95
VMINREX VolMAXX Short VIX Futures Strategy ETF-0.98
VXXBiPath Series B S&P 500 VIX Short Term Futures ETN-0.29
EVIXVelocityShares 1X Long VSTOXX Futures ETN--

AUM WINNERS

TVIXVelocityShares Daily 2x VIX Short-Term ETN37.13%
VIXYProShares VIX Short-Term Futures ETF13.02%
VIIXVelocityShares Daily Long VIX Short-Term ETN12.21%
ZIVVelocityShares Daily Inverse VIX Medium-Term ETN6.34%
EVIXVelocityShares 1X Long VSTOXX Futures ETN5.73%

AUM LOSERS

EXIVVelocityShares 1X Daily Inverse VSTOXX Futures ETN-36.33%
SVXYProShares Short VIX Short-Term Futures ETF-12.03%
UVXYProShares Ultra VIX Short-Term Futures ETF-10.96%
VMINREX VolMAXX Short VIX Futures Strategy ETF-8.88%
XVZiPath S&P 500 Dynamic VIX ETN-4.46%

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