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 VIXY 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 ETF 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: VIXY is an ETF, while other options for similar exposure (VXX and VIIX) are ETNs. That distinction can have an impact on the potential tracking error, tax treatment, and credit risk.
| Segment | Alternatives: U.S. - Volatility |
| Category | Tactical Tools |
| Focus | Volatility |
| Niche | S&P 500 Short-Term |
| Strategy | Vanilla |
| Weighting Scheme | Single Asset |
This section compares how balanced and deep this ETF is relative to its peers.
| VIXY | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 1 | 1 | 1 |
| % of Assets in Top 10 | 100.00% | 100.00% | 100.00% |
| % of Assets in Top 15 | 100.00% | 100.00% | 100.00% |
| % of Assets in Top 50 | 100.00% | 100.00% | 100.00% |
| VIXY | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | N/A | N/A |
| Mid (>2.7B) | N/A | N/A | N/A |
| Small (>600M) | N/A | N/A | N/A |
| Micro (<600M) | N/A | N/A | N/A |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| VIXY | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | N/A | N/A | N/A |
| Dividend Date | N/A | N/A | N/A |
| Annual Dividend Rate | N/A | N/A | N/A |
| Annual Dividend Yield | N/A | N/A | N/A |
View charts featuring VIXY price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 8.82 M 1 Month Net Flows: 31.4 M 3 Month Net Flows: -162.7 M 6 Month Net Flows: 111.39 M 1 Year Net Flows: 2.89 M 3 Year Net Flows: 301.89 M 5 Year Net Flows: 566.35 M 10 Year Net Flows: 1.15 BView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: 10.08 MThe adjacent table gives investors an individual Realtime Rating for VIXY 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 ETF Database 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 ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 27.84% |
| Max LT Capital Gains Rate | 27.84% |
| Tax On Distributions | No distributions |
| Distributes K1 | Yes |
VIXY does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peers.
| VIXY |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -17.00% | -14.80% | -11.06% |
| 3 Month Return | -18.71% | -17.33% | -12.89% |
| YTD Return | -21.82% | -8.30% | -6.91% |
| 1 Year Return | -46.79% | -21.98% | -18.31% |
| 3 Year Return | -78.12% | -15.25% | -12.71% |
| 5 Year Return | -88.82% | -11.61% | -9.68% |
The following charts reflect the geographic spread of VIXY's underlying holdings.
The following charts reflect the allocation of VIXY's underlying holdings.
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 507.04% |
| 20 Day Volatility | 35.55% |
| 50 Day Volatility | 40.73% |
| 200 Day Volatility | 46.14% |
| Beta | -3.91 |
| Standard Deviation | 2.36% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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