ya its sucks, i have traded it for a while and it was doing pretty well in tracking the vix but then bout a month ago it starts acting weird, I gave it one more shot bough in at 9.89 have my stop in at 8, and i think its going to get hit sooner than later. I was in $$ on this one but now in a loss, not a huge loss but about 7% so this is the last dime on this one. If 8 gets hit then its time to move on.
to bad they cannot make a fund to track the vix 100%, i would think with all the different ways they can.
looks like vix opitons are the only way to trade it but the premiums on these guys large. So time to thing out of the box and trade other stuff that works when the vix goes up and down, such as gold, the dollar ect..