|Day Lo||-||Day Hi||-|
This ETF takes a unique approach to volatility, an asset class that may be appealing for investors looking to smooth overall portfolio volatility though the addition of a non-correlated product. Whereas most VIX ETPs offer straight long or short exposure to an index comprised of VIX futures, this ETN mixes both long and short exposure, taking a 100% long position in the mid-term index and a 50% short position in an index of short-term futures. That structure is designed to exploit the potential inefficiencies in the VIX futures market, protecting against the potentially adverse impact of steep contango at the short end of the curve while still delivering exposure that exhibits low correlations to stocks and bonds. XVIX is a somewhat complex product, and investors considering this fund should be sure to understand the nuances of VIX futures markets, the ramifications of daily rebalancing in a long/short strategy, and the pros and cons of ETNs as investment vehicles. XVIX probably doesn't deserve a huge allocation in your portfolio, but a minor allocation may be appropriate for those looking to utilize alternatives to enhance the overall risk/return profile.
The adjacent table gives investors an individual Realtime Rating for XVIX 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 XVIX 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.
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.