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  • ETF
  • VXX
    Pricing Data
    $26.15
    Change: $0.88 (-0.03%)
    Time: 12/06/16
    Previous Close: $27.03
  • Category
  • Volatility
Last Updated:

Profile

Vitals

Trading Data

Open: - Volume -
Day Lo - Day Hi -
  • 52 Week Lo: $26.00
  • 52 Week Hi: $123.40
  • AUM: $1,279.6 M
  • Shares: 48.9 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 39,816,036
  • 3 Month Avg. Volume: 41,934,196

Alternative ETFs in the 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 investors a way to access equity market volatility, an asset class that may have appeal thanks primarily to its negative correlation to U.S. and international stocks. The VIX index tends to spike when anxiety increases, and as such often moves in the opposite direction of stocks. However, it's important to note that VXX does not represent a spot investment in the VIX, but rather is linked to an index comprised of VIX futures. As such, the performance of this product will often vary significantly from a hypothetical investment in the VIX (which isn't possible to establish). The focus on short-dated futures increases the correlation to the VIX, but also increases the potential for the adverse impacts of contango. Longer-dated options such as VIIZ, VIXM, or VXZ may be appropriate for longer holding periods. 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. One structural note: as an ETN, VXX avoids tracking error but may expose investors to credit risk, as well as unique tax treatments. VIXY offers similar exposure in an ETF wrapper, while VIIX is a near-identical ETN alternative.

Realtime Rating

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Realtime Rating Summary

The adjacent table gives investors an individual Realtime Rating for VXX 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.

Compare to another ETF

View the Category Report

VXX Overall Realtime Rating:

A+ Overall Rated ETF:

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A+ VXX
Expenses A- VIXM
Performance
Volatility
Dividend
Concentration

Knowledge Centers

VXX 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.

VXX Holdings

Holdings data for this ETF is not available.

VXX 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
0.573%
ETF Wtd. Average
0.25%
Category Average
1.08%
Expense Ratio
Rank:
0.89%
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 Volatility ETFdb Category that are also eligible for commission free trading:

  • Ticker Brokerages

VXX Performance

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

1 Week Return
Rank:
-6.21%
Category Low
Category High
4 Week Return
Rank:
-18.74%
Category Low
Category High
13 Week Return
Rank:
-22.82%
Category Low
Category High
26 Week Return
Rank:
-49.28%
Category Low
Category High
Year to Date Return
Rank:
-67.48%
Category Low
Category High
1 Year Return
Rank:
-64.95%
Category Low
Category High
3 Year Return
Rank:
-86.00%
Category Low
Category High
5 Year Return
Rank:
-99.00%
Category Low
Category High

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

VXX 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

As of Jul 21 2016

VXX 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

As of Jul 21, 2016

VXX 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:
37.82%
Category Low
Category High
20 Day Volatility
Rank:
38.83%
Category Low
Category High
50 Day Volatility
Rank:
52.73%
Category Low
Category High
200 Day Volatility
Rank:
56.13%
Category Low
Category High
Beta
Rank:
-4.37
Category Low
Category High
Standard Deviation
Rank:
24.87%
Category Low
Category High

Technicals

  • 20 Day MA: $29.16
  • 60 Day MA: $32.83
  • MACD 15 Period: -2.17
  • MACD 100 Period: -9.03
  • Williams % Range 10 Day: 95.69
  • Williams % Range 20 Day: 98.13
  • RSI 10 Day: 27
  • RSI 20 Day: 34
  • RSI 30 Day: 36
  • Ultimate Oscillator: 38

Bollinger Brands

  • Lower Bollinger (10 Day): $26.57
  • Upper Bollinger (10 Day): $29.25
  • Lower Bollinger (20 Day): $25.71
  • Upper Bollinger (20 Day): $32.95
  • Lower Bollinger (30 Day): $24.95
  • Upper Bollinger (30 Day): $36.87

Support & Resistance

  • Support Level 1: $25.85
  • Support Level 2: $25.55
  • Resistance Level 1: $26.60
  • Resistance Level 2: $27.05

Stochastic

  • Stochastic Oscillator %D (1 Day): 34.64
  • Stochastic Oscillator %D (5 Day): 26.74
  • Stochastic Oscillator %K (1 Day): 40.94
  • Stochastic Oscillator %K (5 Day): 34.34

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.

Emma/Mansi Image

Published March 1, 2016

The following article was not written by a human. It was written by an AI called Emma. Her bio can be found on her author page.

Artificial intelligence has come a long way, and while it may or may not replace humans, it is already providing exceptional support by augmenting human work in many industries. Emma collates news items and analyzes structured financial numbers as she spins out an article in 20 minutes. This is definitely an interesting milestone in AI. We’re just checking in to see if our readers like it. Do give us a shout on Twitter at @ETFdb or on Facebook.

The iPath S&P 500 VIX Short-Term Futures ETN (VXX B+) tracks the S&P 500 VIX Short-Term Futures Index, which measures market volatility among the 500 constituents of the S&P 500. Typically, the VIX is also known as the “fear index,” allowing investors to take positions on market sentiment. Hedge funds have used the VIX to hedge risks in their portfolios, while many long-term investors use it as downside protection. This year, VXX is mildly in the green, almost flat, with a gain of 1.2%, marginally outperforming the S&P 500.

Macro Picture Looking Good for VXX

The macro picture for VXX is looking good. There are several macroeconomic headwinds—an anemic U.S. recovery, slowing demand in China, a near-negative interest rate environment in Japan and the EU, a stronger dollar, and capitulation of debt of the companies in the energy and commodities sectors—that present downside risks to earnings reports from companies included in the S&P 500. As early as January 2016, VXX traded near $30, a sign of troubled times on the back of weak data from China, adding to the woes.

In terms of performance, the ETN has not done well as equities have rallied over the last five years. In percentage terms, VXX is down ­59.2%. Over the last one year, it is down ­21.7%, despite spikes in late August and earlier this past January on some of the same macroeconomic concerns. In both August and January the VIX spiked, almost doubling in value from $16.50 to $30. As of late, equities have rallied on the back of a strong global consumer, with earnings recovering in some sectors such as staples, technology, and services. The energy/commodities complex, too, has probably seen the worst already, with VXX falling from $29.50 in January 2016 to its current level of $19.90.

Price Target of $25

That takes us to VXX’s financial ratios. VXX has just over $1.1 billion in assets under management. The ETN does not have a dividend yield as it is an uncollateralized debt instrument. Currently, VXX is near its all-time lows, trading as of this writing at $19.90, with an all-time low of $15.90 reached in late August after the markets rallied back from the August 2015 swoon. Its 52-week high is $31.41, which it reached twice in August 2015 and January 2016. VXX tends to have a very high inverse correlation with the direction of the S&P 500.

Among the downside risks to the global economy are ­slowing demand in emerging markets, unknown risks from Chinese debt, a rising dollar that has hurt the earnings of even well-established U.S. companies like Apple (AAPL) and a Fed whose monetary policy is hawkish in the face of unknown headwinds to the U.S. economy.

Finally, the Dow and S&P 500 are within 7% of their all-time highs, while VXX is near an all-time low. Since VXX has an inverse relationship with the stock market, it is prudent to start accumulating this ETN to hedge downside risks to other parts of your portfolio. Therefore, VXX is a Buy with a price target of $25.

Click here to read about Emma’s views on Microsoft, the ETFs QQQ, GDX, FV, TLT, VOO and VTI, and the ETN TVIX.

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.