I noticed that lately XIV is under-performing VXX for some reason. They have been moving pretty much in sync for a while, but lately I noticed that VXX drops more then XIV gains. Anyone else noticed that and has an idea of where this break in correlation is coming from ?
Good point, but still this doesn't explain daily lag. XIV has been lagging daily for the past week. VXX is down 4.05%, XIV is up 3.9% for a day, I am still not clear where this difference is coming from.
I agree that XIV is still a good way to play VXX with less risk, I am just hoping this decay against VXX won't add up to a significant percentage until the end of year.