This ETP offers exposure to an index that is designed to measure directional exposure to the implied volatility of large cap U.S. stocks, and as such generally exhibits a strong negative correlation to U.S. and international stock markets. Because expected volatility increased with uncertainty, CVOL can be a nice hedge against equity markets. It should be noted, however, that the related index consists of futures contracts, and as such the performance of CVOL depends on both changes in expected volatility and the slope of the futures curve. This ETP should never be held over the long term in a buy-and-hold portfolio; it is designed as a trading instrument that appeals to those looking to place a short term bet against the market or use as a hedging tool. Over the long run, CVOL is a sure bet to lose money. There are a number of ETP alternatives for accessing the VIX, a more widely-followed measure of implied stock market volatility (CVOL is designed to offer a high degree of correlation to the VIX). These include VXX and VXZ, among many others. Finally, it should be noted that CVOL is an ETN, meaning that investors are exposed to the credit risk of the issuing financial institution.
The adjacent table gives investors an individual Realtime Rating for CVOL on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Volatility with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.
This ETF is not currently available for commission free trading on any platforms.
There are 0 other ETFs in the Volatility ETFdb Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of CVOL relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb Category.
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