I do not know how long you have been here, but its not going to work like that. This fund will go to zero. The VIX has no real parameters. It was in the low 3's at VIX 12 and its VIX 15 and guess where its at? The market will not turn until these assets(empty assets) go to zero. Then they will take it the other way and probably do something similar. They did it in 2008-2009, and when it cratered everyone loss except the banks. Nothing has changed!!!