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This ETN is one of several that allows investors to achieve exposure to volatility, an asset class that has appeal thanks to a negative correlation with equity markets and tendency to perform well when investors anxiety spikes. Like most other ETPs in the Volatility ETFdb Category, XVZ probably isn't appropriate for use in a long-term, buy-and-hold portfolio; this product is of more use for more active investors looking to place a shorter term bet on volatility (or to protect against a slide in equity valuations). Most ETPs that offer exposure to volatility seek to replicate either an index comprised of short-term futures contracts (which exhibit greater correlation to the spot VIX but may be more subject to adverse impact of contango) or mid-term futures contracts. XVZ, however, maintains the flexibility to oscillate between these positions; the index will shift between these two segments of the volatility markets based on the implied slope of teh VIX futures curve. Investors who would rather stick to one asset sub-class or the other have no shortage of options in the Volatility ETFdb Category for targeting either short-term or mid-term VIX futures. This ETN could be appealing to those who believe that shifting between the two can result in more effective exposure to volatility. There are a few aspects of XVZ that are worth noting. First, it is important to understand that this product doesn't offer exposure to the spot VIX. When held for extended periods of time XVZ will tend to lag behind a hypothetical investment in the VIX. Like most products offering exposure to volatility, XVZ is likely to lost value over the long run. It should also be noted that XVZ is an ETN, which means that it exposes investors to the credit risk of the issuing bank (since it is a debt instrument) but will not incur tracking error that can erode returns to ETFs. Overall, this product is of no use to the vast majority of investors. And those who are sophisticated enough to seek volatility exposure are probably better off managing their positions more closely.
The adjacent table gives investors an individual Realtime Rating for XVZ 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.com Category.
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.
This ETF is not currently available for commission free trading on any platforms.
There are 13 other ETFs in the Volatility ETFdb.com Category that are also eligible for commission free trading:
XVZ 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 peer group ETFdb.com Category.
This section compares the fund flows of this ETF to peers in the same ETFdb.com 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 XVZ relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.