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XVZ
iPath S&P 500 Dynamic VIX ETN

Price: $39.05
Change: $2.84 (0.08%)
Category: Volatility
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $17.53
  • 52 Week Hi $52.58
  • AUM $4.6 M
  • Shares 0.1 M

Analyst Report

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.

Historical Trading Data

  • 1 Month Avg. Volume 21,418
  • 3 Month Avg. Volume 8,673

Alternative ETFs in the Volatility Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VIXY 0.87% $264.1 M 6 M 232.34%
Largest (AUM) VXX 0.89% $1.0 B 61 M 234.66%
Most Liquid (Volume) VXX 0.89% $1.0 B 61 M 234.66%
Top YTD Performer VXX 0.89% $1.0 B 61 M 234.66%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

1
Number of Holdings
100.00%
% Assets in Top 10
 
View Detailed Analysis
 
Number of Holdings
1
Rank
6 of 7
Low
EVIX (1)
High
VXX (1)
% Assets in Top 10
100.00%
Rank
2 of 7
Low
EVIX (100.00%)
High
VXX (100.00%)

 
View Summary Analysis
 

Sector Breakdown

XVZ Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
No Ranking Available
Rank
N/A
Low
N/A
High
N/A

XVZ Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
n/a

n/a
Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
Annual Dividend Yield
No Ranking Available
Rank
N/A
Low
N/A
High
N/A

XVZ Fund Flows

View charts featuring ETF fund flow data.

Realtime Rating

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.

Sign Up for Pro to Unlock Data Sign Up
Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B n/a
Expenses B- n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

XVZ Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.545%
ETF Wtd. Average
0.19%
Category Average
0.96%
Expense Ratio
0.95%
Rank
6 of 7
Low
VIXM (0.87%)
High
EVIX (1.35%)
ESG Themes and Scores

XVZ does not have an ESG score. There are no ESG themes that map to this ETF.

XVZ Performance

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

-13.24%
1 Week Return
94.10%
4 Week Return
103.02%
13 Week Return
111.46%
26 Week Return
102.07%
Year to Date Return
114.82%
1 Year Return
44.79%
3 Year Return
35.83%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
-13.24%
Rank
3 of 7
Low
VIIX (-17.81%)
High
VXZ (-11.64%)
4 Week Return
94.10%
Rank
5 of 7
Low
VIXM (66.19%)
High
VXX (121.83%)
13 Week Return
103.02%
Rank
5 of 7
Low
VIXM (84.30%)
High
EVIX (232.57%)
26 Week Return
111.46%
Rank
2 of 7
Low
VIXM (64.10%)
High
EVIX (117.80%)
Year to Date Return
102.07%
Rank
5 of 7
Low
VIXM (84.22%)
High
VXX (234.66%)
1 Year Return
114.82%
Rank
1 of 6
Low
EVIX (56.89%)
High
XVZ (114.82%)
3 Year Return
44.79%
Rank
1 of 4
Low
VIXY (-26.07%)
High
XVZ (44.79%)
5 Year Return
35.83%
Rank
1 of 4
Low
VIXY (-88.07%)
High
XVZ (35.83%)

 
View Summary Analysis
 

XVZ Charts

XVZ Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

 
View Detailed Analysis
 
5 Day Volatility
180.10%
Rank
6 of 7
Low
VXZ (134.43%)
High
VIIX (559.17%)
20 Day Volatility
163.05%
Rank
5 of 7
Low
VIXM (140.35%)
High
EVIX (226.30%)
50 Day Volatility
107.28%
Rank
5 of 7
Low
VIXM (93.61%)
High
EVIX (163.90%)
200 Day Volatility
76.87%
Rank
5 of 7
Low
VIXM (68.64%)
High
EVIX (122.77%)
Beta
-0.39
Rank
1 of 7
Low
VIXY (-4.2)
High
XVZ (-0.39)
Standard Deviation
4.79%
Rank
4 of 6
Low
EVIX (2.12%)
High
VIIX (18.50%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $33.60
  • 60 Day MA $23.75
  • MACD 15 Period 1.45
  • MACD 100 Period 17.09
  • Williams % Range 10 Day 65.11
  • Williams % Range 20 Day 40.80
  • RSI 10 Day 58
  • RSI 20 Day 61
  • RSI 30 Day 63
  • Ultimate Oscillator 51

Bollinger Brands

  • Lower Bollinger (10 Day) $32.54
  • Upper Bollinger (10 Day) $48.31
  • Lower Bollinger (20 Day) $16.37
  • Upper Bollinger (20 Day) $50.29
  • Lower Bollinger (30 Day) $9.07
  • Upper Bollinger (30 Day) $47.95

Support & Resistance

  • Support Level 1 $37.51
  • Support Level 2 $35.97
  • Resistance Level 1 $40.18
  • Resistance Level 2 $41.31

Stochastic

  • Stochastic Oscillator %D (1 Day) 54.47
  • Stochastic Oscillator %D (5 Day) 41.20
  • Stochastic Oscillator %K (1 Day) 55.40
  • Stochastic Oscillator %K (5 Day) 43.99

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.

Download the fact sheet PDF

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