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iPath S&P 500 VIX ST Futures ETN Message Board

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  • xtgeminiman@ymail.com xtgeminiman Aug 12, 2011 8:08 AM Flag

    XIV underperformance explained

    This is the most thorough explanation of XIV's underperformance that I've seen so far. I was researching this ETN a lot last night and you pretty much nailed both points. Backwardation is hurting us a lot but the huge volatile swings are murdering XIV as you explained in your illustration.

    Unfortunately, the volatile swings are making this ETN act like a leveraged fund and without a few up days, we can't get back to even. Luckily, I did well enough during the first two weeks of this downturn that it will cover all of my loss. I hate taking losses though but until the trend you explained reverses, XIV is way to dangerous.

    Everyone that owns XIV should read your post and if anyone DOES buy it, trade it intraday/next day. This is NOT a good buy and hold investment right now.

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