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XVZ
iPath S&P 500 Dynamic VIX ETN

Price: $38.79
Change: $0.04 (0.0%)
Category: Volatility
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $18.25
  • 52 Week Hi $52.58
  • AUM $12.8 M
  • Shares 0.3 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 3,276
  • 3 Month Avg. Volume 22,524

Alternative ETFs in the Volatility Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VIXY 0.87% $411.0 M 5 M -2.33%
Largest (AUM) VXX 0.89% $1.2 B 40 M -2.32%
Most Liquid (Volume) VXX 0.89% $1.2 B 40 M -2.32%
Top YTD Performer VIXM 0.87% $80.1 M 75,608 4.85%

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
5 of 5
Low
XVZ (1)
High
VXX (1)
% Assets in Top 10
100.00%
Rank
1 of 5
Low
XVZ (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.

5 Day Net Flows: 7.57 K 1 Month Net Flows: 21.81 K 3 Month Net Flows: 4.59 M 6 Month Net Flows: 7.17 M 1 Year Net Flows: 2.86 M 3 Year Net Flows: -11.25 M 5 Year Net Flows: 5.18 M 10 Year Net Flows: 143.49 M

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 VXX
Expenses B- VIXM
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
0.526%
ETF Wtd. Average
0.19%
Category Average
0.89%
Expense Ratio
0.95%
Rank
5 of 5
Low
VIXM (0.87%)
High
XVZ (0.95%)
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.

2.48%
1 Week Return
3.99%
4 Week Return
-4.06%
13 Week Return
0.55%
26 Week Return
3.59%
Year to Date Return
104.26%
1 Year Return
71.71%
3 Year Return
40.03%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
2.48%
Rank
1 of 5
Low
VIXY (-4.21%)
High
XVZ (2.48%)
4 Week Return
3.99%
Rank
2 of 5
Low
VIXY (-3.10%)
High
VIXM (5.17%)
13 Week Return
-4.06%
Rank
3 of 5
Low
VIXY (-26.14%)
High
VIXM (-0.67%)
26 Week Return
0.55%
Rank
1 of 5
Low
VIXY (-45.67%)
High
XVZ (0.55%)
Year to Date Return
3.59%
Rank
3 of 5
Low
VIXY (-2.33%)
High
VIXM (4.85%)
1 Year Return
104.26%
Rank
1 of 5
Low
VIXY (21.23%)
High
XVZ (104.26%)
3 Year Return
71.71%
Rank
2 of 4
Low
VIXY (-39.71%)
High
VIXM (88.07%)
5 Year Return
40.03%
Rank
1 of 3
Low
VIXY (-96.30%)
High
XVZ (40.03%)

 
View Summary Analysis
 

XVZ Price and Volume Chart

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
102.68%
Rank
4 of 5
Low
VXZ (73.09%)
High
VIXY (699.94%)
20 Day Volatility
10.02%
Rank
5 of 5
Low
XVZ (10.02%)
High
VIXY (57.18%)
50 Day Volatility
11.47%
Rank
5 of 5
Low
XVZ (11.47%)
High
VIXY (52.48%)
200 Day Volatility
21.74%
Rank
5 of 5
Low
XVZ (21.74%)
High
VIXY (62.82%)
Beta
-1.28
Rank
1 of 5
Low
VXX (-4.03)
High
XVZ (-1.28)
Standard Deviation
6.61%
Rank
3 of 5
Low
VXZ (5.10%)
High
VXX (10.46%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $37.68
  • 60 Day MA $37.75
  • MACD 15 Period 1.03
  • MACD 100 Period -0.15
  • Williams % Range 10 Day 9.38
  • Williams % Range 20 Day 9.38
  • RSI 10 Day 76
  • RSI 20 Day 61
  • RSI 30 Day 55
  • Ultimate Oscillator 74

Bollinger Brands

  • Lower Bollinger (10 Day) $36.86
  • Upper Bollinger (10 Day) $38.95
  • Lower Bollinger (20 Day) $36.70
  • Upper Bollinger (20 Day) $38.61
  • Lower Bollinger (30 Day) $36.79
  • Upper Bollinger (30 Day) $38.54

Support & Resistance

  • Support Level 1 $38.63
  • Support Level 2 $38.47
  • Resistance Level 1 $38.98
  • Resistance Level 2 $39.16

Stochastic

  • Stochastic Oscillator %D (1 Day) 64.98
  • Stochastic Oscillator %D (5 Day) 89.63
  • Stochastic Oscillator %K (1 Day) 66.69
  • Stochastic Oscillator %K (5 Day) 85.85

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

Disclosures

Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use, please see disclaimer.
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