Investment Objective
The investment seeks to replicate, net of expenses, the inverse of the daily performance of the S&P 500 VIX Mid-Term Futures index.
The index was designed to provide investors with exposure to one or more maturities of futures contracts on the VIX, which reflects implied volatility of the S&P 500 Index at various points along the volatility forward curve. The calculation of the VIX is based on prices of put and call options on the S&P 500 Index. The ETNs are linked to the daily inverse return of the index and do not represent an investment in the inverse of the VIX.
Latest ZIV News
Performance
| 1 month | -0.06% | | 3 years | -- |
| 3 months | +5.19% | | 5 years | -- |
| 1 year | +118.03% | | Since inception | +45.01% |
Quote Details
| Previous close | $31.68 |
| Open day’s range | 31.25 – 31.67 |
| Net asset value (NAV) | 31.20 (05/16/2013) |
| Daily volume | 62,039 |
| Average volume (3 months) | 110,497 |
Data as of 4:00pm ET, 05/20/2013
Peer Comparisonvs. Volatility ETFs
| | ZIV | Category |
|---|
| Performance 5-yr return | -- | -- |
| Expense Gross exp ratio | 1.35% | 1.11% |
| Risk 5 year sharpe ratio | -- | -- |
| Net assets | $39.7M | $170.9M |
| Average market cap | -- | $30.0B |
| Average P/E | -- | 13.3 |
| Dividend / Share | -- | -- |
Competitors
| No competitors data available. |
Holdings
Top 5 Sectors
Portfolio weighting
Top 10 Holdings
Portfolio weighting
-0.39 / -1.23%
.
