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  • ETF
  • SVXY
    Pricing Data
    $73.92
    Change: $3.74 (0.05%)
    Time: 09/27/16
    Previous Close: $70.18
  • Category
  • Inverse Volatility
Last Updated:

Profile

Vitals

Trading Data

Open: - Volume -
Day Lo - Day Hi -
  • 52 Week Lo: $29.98
  • 52 Week Hi: $79.27
  • AUM: $490.9 M
  • Shares: 7.0 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 5,708,373
  • 3 Month Avg. Volume: 6,349,163

Alternative ETFs in the Inverse Volatility Category

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Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest
Largest (AUM)
Most Liquid (Volume)
Top YTD Performer

Analyst Report

This ETF offers inverse exposure to an index comprised of VIX futures contracts, making it an intriguing tool in certain environments. The VIX is a widely followed indicator of expected equity market volatility, and as such has a tendency to exhibit a strong negative correlation to equity markets. Inverse exposure to the VIX, therefore, can expected to generally move in the same direction as equities--though products such as SVXY can be considerably more volatile. Like most volatility ETPs, SVXY does not offer exposure to the spot VIX; rather, the returns generated by this product will often depend in large part on the slope of the futures curve. When the VIX futures market is in a state of steep contango--as it often has been historically--SVXY may offer exposure to a compelling strategy that can exploit structural inefficiencies. When the VIX market is backwardated, however, the strategy employed by this fund essentially has it flying into the wind, vulnerable to significant return erosion from the roll process. It should also be noted that SVXY maintains a daily reset feature; over multiple holding periods, this product will be impacted by the compounding of returns. SVXY can potentially be a very powerful tool, but is generally appropriate only for more sophisticated investors; those without an understanding of the VIX or futures-based strategies should steer clear. And this ETF doesn't belong in a long-term, buy-and-hold portfolio. The exposure offered by SVXY is generally similar to XIV, a popular product from VelocityShares. It should be noted, however, that the structures of these products differ; SVXY is an ETF, while XIV is an ETN. Both have potential advantages and drawbacks; SVXY avoids the credit risk that is inherent in any ETN, though XIV will not incur tracking error when rolling holdings.

Realtime Rating

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Realtime Rating Summary

The adjacent table gives investors an individual Realtime Rating for SVXY 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 Inverse 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.

Compare to another ETF

View the Category Report

SVXY Overall Realtime Rating:

A+ Overall Rated ETF:

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- XIV
Expenses B IVOP
Performance
Volatility
Dividend
Concentration

Knowledge Centers

SVXY In-Depth Analysis

The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.

SVXY Holdings

Filings Data as of: Sep 05, 2016
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Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb Category.

Number of Holdings
Rank:
3
Category Low
Category High
% Assets in Top 10
Rank:
99.87%
Category Low
Category High

SVXY Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb Category.

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Expenses Ratio Analysis

ETF Average
0.576%
ETF Wtd. Average
0.26%
Category Average
1.06%
Expense Ratio
Rank:
0.95%
Category Low
Category High

Commission Free Trading

This ETF is not currently available for commission free trading on any platforms.

Category Commission Free Trading

There are 0 other ETFs in the Inverse Volatility ETFdb Category that are also eligible for commission free trading:

  • Ticker Brokerages

SVXY Performance

This section shows how this ETF has performed relative to its peer group ETFdb Category.

1 Week Return
Rank:
9.95%
Category Low
Category High
4 Week Return
Rank:
0.60%
Category Low
Category High
13 Week Return
Rank:
62.71%
Category Low
Category High
26 Week Return
Rank:
48.85%
Category Low
Category High
Year to Date Return
Rank:
46.52%
Category Low
Category High
1 Year Return
Rank:
62.25%
Category Low
Category High
3 Year Return
Rank:
29.93%
Category Low
Category High
5 Year Return
Rank:
No Ranking Available
Category Low
Category High

Charts

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 SVXY relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

SVXY Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb Category.

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P/E Ratio
Rank:
No Ranking Available
Category Low
Category High

SVXY Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb Category.

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Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
n/a
Annual Dividend Yield
Rank:
No Ranking Available
Category Low
Category High

SVXY Technicals

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Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb Category.

5 Day Volatility
Rank:
345.09%
Category Low
Category High
20 Day Volatility
Rank:
94.72%
Category Low
Category High
50 Day Volatility
Rank:
64.85%
Category Low
Category High
200 Day Volatility
Rank:
81.30%
Category Low
Category High
Beta
Rank:
-6.77
Category Low
Category High
Standard Deviation
Rank:
10.92%
Category Low
Category High

Technicals

  • 20 Day MA: $71.04
  • 60 Day MA: $66.91
  • MACD 15 Period: 4.13
  • MACD 100 Period: 11.53
  • Williams % Range 10 Day: 8.42
  • Williams % Range 20 Day: 26.39
  • RSI 10 Day: 57
  • RSI 20 Day: 55
  • RSI 30 Day: 56
  • Ultimate Oscillator: 57

Bollinger Brands

  • Lower Bollinger (10 Day): $60.33
  • Upper Bollinger (10 Day): $77.11
  • Lower Bollinger (20 Day): $60.96
  • Upper Bollinger (20 Day): $80.79
  • Lower Bollinger (30 Day): $63.08
  • Upper Bollinger (30 Day): $79.61

Support & Resistance

  • Support Level 1: $70.89
  • Support Level 2: $67.87
  • Resistance Level 1: $75.70
  • Resistance Level 2: $77.49

Stochastic

  • Stochastic Oscillator %D (1 Day): 62.67
  • Stochastic Oscillator %D (5 Day): 75.78
  • Stochastic Oscillator %K (1 Day): 59.65
  • Stochastic Oscillator %K (5 Day): 73.09

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.