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  • ETF
  • ZIV
    Pricing Data
    $43.64
    Change: $1.01 (0.02%)
    Time: 09/27/16
    Previous Close: $42.63
  • Category
  • Inverse Volatility
Last Updated:

Profile

Vitals

Trading Data

Open: - Volume -
Day Lo - Day Hi -
  • 52 Week Lo: $31.71
  • 52 Week Hi: $44.81
  • AUM: $73.0 M
  • Shares: 1.7 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 55,764
  • 3 Month Avg. Volume: 57,948

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 product offers inverse exposure to an index comprised of mid-term VIX futures contracts, making it a unique way to bet on declines in anticipated equity market volatility or to potentially exploit structural issues in VIX futures markets that lead to poor long-term performances for many products in the Volatility ETFdb Category. This ETN won't be useful to most investors, thanks to the daily reset feature and somewhat complex investment objective. But for those who believe that the long-term potential from shorting an index comprised of VIX futures is significant, this product might be quite appealing--especially to those with the stomach for some short-term volatility. it should be noted that because the VIX often experiences big swings, this product can also exhibit significant short-term volatility. ZIV is an ETN, which means that investors with a position in this product are exposed to the credit risk of the issuing financial institution (but don't have to worry about tracking error). It should also be noted that this ETN offers exposure to an index comprised of VIX futures; that means that ZIV won't necessarily correspond perfectly to movement in the spot VIX (a benchmark in which direct investment is not possible). Because VIX futures markets are often contangoed, there can be significant gaps between changes in the spot price and returns available through a futures based strategy. ZIV is one of several products designed to exploit the contango in VIX futures markets, delivering short exposure to an index that can experience major return erosion as a result of the monthly "roll" process. This product is designed with sophisticated, risk-tolerant investors in mind; those who don't match most of those criteria should probably steer clear of this note. There are several products that offer inverse exposure to VIX indexes, and these ETNs are far from identical. Most focus on indexes comprised of short-term VIX futures contract, as contango is often the steepest towards the short end of the futures curve. These products, which include XIV, XXV, and IVO, may be more volatile than ZIV (though the participation ratios of the latter two may translate into smaller moves). XIV resets exposure on a daily basis, while both XXV and IVO seek to offer inverse exposure over the life of the notes.

Realtime Rating

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Realtime Rating Summary

The adjacent table gives investors an individual Realtime Rating for ZIV 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

ZIV Overall Realtime Rating:

A+ Overall Rated ETF:

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

Knowledge Centers

ZIV 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.

ZIV Holdings

Holdings data for this ETF is not available.

ZIV 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:
1.35%
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

ZIV Performance

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

1 Week Return
Rank:
4.38%
Category Low
Category High
4 Week Return
Rank:
2.49%
Category Low
Category High
13 Week Return
Rank:
15.88%
Category Low
Category High
26 Week Return
Rank:
9.29%
Category Low
Category High
Year to Date Return
Rank:
5.64%
Category Low
Category High
1 Year Return
Rank:
17.53%
Category Low
Category High
3 Year Return
Rank:
29.19%
Category Low
Category High
5 Year Return
Rank:
284.49%
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 ZIV relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

ZIV 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

ZIV 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

ZIV 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:
388.12%
Category Low
Category High
20 Day Volatility
Rank:
30.07%
Category Low
Category High
50 Day Volatility
Rank:
22.68%
Category Low
Category High
200 Day Volatility
Rank:
30.37%
Category Low
Category High
Beta
Rank:
-2.2
Category Low
Category High
Standard Deviation
Rank:
2.62%
Category Low
Category High

Technicals

  • 20 Day MA: $42.30
  • 60 Day MA: $41.95
  • MACD 15 Period: 1.49
  • MACD 100 Period: 2.68
  • Williams % Range 10 Day: 1.95
  • Williams % Range 20 Day: 1.86
  • RSI 10 Day: 62
  • RSI 20 Day: 58
  • RSI 30 Day: 56
  • Ultimate Oscillator: 60

Bollinger Brands

  • Lower Bollinger (10 Day): $40.07
  • Upper Bollinger (10 Day): $44.10
  • Lower Bollinger (20 Day): $40.34
  • Upper Bollinger (20 Day): $44.15
  • Lower Bollinger (30 Day): $40.76
  • Upper Bollinger (30 Day): $43.98

Support & Resistance

  • Support Level 1: $42.88
  • Support Level 2: $42.12
  • Resistance Level 1: $44.05
  • Resistance Level 2: $44.46

Stochastic

  • Stochastic Oscillator %D (1 Day): 73.57
  • Stochastic Oscillator %D (5 Day): 80.99
  • Stochastic Oscillator %K (1 Day): 65.39
  • Stochastic Oscillator %K (5 Day): 75.33

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.