VXX

iPath Series B S&P 500 VIX Short-Term Futures ETN

$34.57

+0.00%

Market closed. Last update: 11:55 AM ET

📎 Investment Objective

The VXX ETF seeks to provide exposure to the S&P 500 VIX Short-Term Futures Index, which tracks the performance of a rolling long position in the first and second month VIX futures contracts. The fund aims to provide investors with a way to gain exposure to expected volatility in the U.S. equity market.

Overview

ETF tracking iPath Series B S&P 500 VIX Short-Term Futures ETN

Category Volatility

Issuer Other

Inception Date 2009-01-30

Market Cap N/A

Average Volume N/A

Dividend Yield N/A

52-Week Range $32.00 - $85.42

VWAP $35.18

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF achieves its objective by holding a portfolio of VIX futures contracts. It rolls these contracts on a daily basis to maintain a constant maturity of one month. The fund does not invest directly in the VIX index or in the equity securities that comprise the S&P 500.

✨ Key Features

Provides exposure to expected volatility in the U.S. equity market
Holds a portfolio of VIX futures contracts that are rolled daily
Tracks the performance of the S&P 500 VIX Short-Term Futures Index
Designed as a short-term trading or hedging instrument, not a long-term investment

⚠️ Primary Risks

Volatility risk - The fund's returns can be highly volatile due to the nature of VIX futures
Tracking error risk - The fund may not perfectly track its underlying index
Liquidity risk - VIX futures can be less liquid than other asset classes
Contango risk - The fund may underperform when the VIX futures curve is in contango

👤 Best For

This ETF is best suited for experienced, sophisticated investors seeking short-term exposure to expected volatility in the U.S. equity market, either for trading or hedging purposes. It is not recommended as a long-term investment due to the high volatility and potential for significant losses over extended periods.