VXZ

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

$58.17

+0.00%

Market closed. Last update: 11:56 AM ET

📎 Investment Objective

The iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) seeks to provide exposure to the S&P 500 VIX Mid-Term Futures Index, which tracks the performance of a portfolio of mid-term VIX futures contracts.

Overview

ETF tracking iPath Series B S&P 500 VIX Mid-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 $47.79 - $67.71

VWAP $58.58

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

VXZ aims to achieve its objective by investing in a portfolio of VIX futures contracts with maturities between 4 and 7 months. The fund does not invest directly in the VIX index or in the underlying stocks of the S&P 500.

✨ Key Features

Provides exposure to the volatility of the S&P 500 index through VIX futures contracts
Focuses on mid-term VIX futures with maturities between 4-7 months
Designed to track the performance of the S&P 500 VIX Mid-Term Futures Index
Trades as an exchange-traded note (ETN) rather than a traditional ETF

⚠️ Primary Risks

Volatility risk: The fund's value can be highly volatile due to the nature of VIX futures contracts
Tracking error risk: The fund may not perfectly track the performance of the underlying index
Liquidity risk: VIX futures can be less liquid than the underlying stocks, leading to wider bid-ask spreads
Counterparty risk: As an ETN, the fund's performance is dependent on the creditworthiness of the issuing bank

👤 Best For

VXZ may be suitable for experienced investors seeking exposure to market volatility as a diversification tool or for tactical trading purposes. However, the fund's high volatility and complex structure make it unsuitable for most retail investors with a low risk tolerance or long-term investment horizon.