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XVZ
iPath S&P 500 Dynamic VIX ETN

Price: $37.74
Change: $0.01 (-0.0%)
Category: Volatility
Last Updated:

Vitals

Investment Themes

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.

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $34.55
  • 52 Week Hi $44.50
  • AUM $12.8 M
  • Shares 0.3 M

Historical Trading Data

  • 1 Month Avg. Volume 4,035
  • 3 Month Avg. Volume 3,792

Alternative ETFs in the Volatility Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SVOL 0.50% $12.0 M 0
Largest (AUM) VXX 0.89% $1.0 B 21 M -52.52%
Most Liquid (Volume) VXX 0.89% $1.0 B 21 M -52.52%
Top YTD Performer VIXM 0.85% $88.3 M 78,109 -15.50%

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
Number of Holdings
1
Rank
5 of 5

% Assets in Top 10
100.00%

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: -11.18 K 1 Month Net Flows: -11.32 K 3 Month Net Flows: 204.1 K 6 Month Net Flows: 445.59 K 1 Year Net Flows: 9.55 M 3 Year Net Flows: -4.9 M 5 Year Net Flows: 5.35 M 10 Year Net Flows: 143.7 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.

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
0.541%
ETF Wtd. Average
0.19%
Category Average
0.82%
Expense Ratio
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.

0.14%
1 Week Return
-0.99%
4 Week Return
-3.91%
13 Week Return
-0.64%
26 Week Return
0.80%
Year to Date Return
-0.21%
1 Year Return
100.66%
3 Year Return
36.16%
5 Year Return
1 Week Return
0.14%

4 Week Return
-0.99%

13 Week Return
-3.91%

26 Week Return
-0.64%

Year to Date Return
0.80%

1 Year Return
-0.21%

3 Year Return
100.66%

5 Year Return
36.16%

XVZ Price and Volume Chart

Sector Breakdown

XVZ Technicals

Volatility Analysis

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

5 Day Volatility
68.15%
Rank
4 of 5

20 Day Volatility
14.46%
Rank
4 of 5

50 Day Volatility
13.18%
Rank
4 of 4

200 Day Volatility
14.30%
Rank
4 of 4

Beta
-1.3
Rank
1 of 4

Standard Deviation
1.38%
Rank
4 of 4

Technicals

  • 20 Day MA $37.88
  • 60 Day MA $38.44
  • MACD 15 Period -0.15
  • MACD 100 Period -1.20
  • Williams % Range 10 Day 79.26
  • Williams % Range 20 Day 52.52
  • RSI 10 Day 46
  • RSI 20 Day 45
  • RSI 30 Day 46
  • Ultimate Oscillator 43

Bollinger Brands

  • Lower Bollinger (10 Day) $37.55
  • Upper Bollinger (10 Day) $38.33
  • Lower Bollinger (20 Day) $37.41
  • Upper Bollinger (20 Day) $38.30
  • Lower Bollinger (30 Day) $37.10
  • Upper Bollinger (30 Day) $38.88

Support & Resistance

  • Support Level 1 n/a
  • Support Level 2 $37.41
  • Resistance Level 1 n/a
  • Resistance Level 2 $38.07

Stochastic

  • Stochastic Oscillator %D (1 Day) 52.04
  • Stochastic Oscillator %D (5 Day) 33.93
  • Stochastic Oscillator %K (1 Day) 48.22
  • Stochastic Oscillator %K (5 Day) 41.05

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.

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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