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VelocityShares Daily 2x VIX ST ETN Message Board

  • virtual_knight_abc virtual_knight_abc Mar 13, 2013 9:43 AM Flag

    TVIX v. VIXY ???

    #$%$ ... i thought TVIX is double VIX and VIXY is directly correlated to VIX, but TVIX hardly seems to double it ... yesterday much of the day saw it lagging...and now seeing VIXY at +1.25% and TVIX only +1.5%? what gives?

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    • There both s***!!!

    • lusob09 Mar 13, 2013 10:53 AM Flag

      Google VIXY, go to Is VIXY a good bet? - Seeking Alpha

      At this time TVIX is up 2.5% vs VIXY at 1.6%, 10 mins ago now
      TVIX is up 1% vs VIXY at 0.3%. I don't know how current their data is? 15 lag?

      VIXY is -97.36% negatively correlated with SPY

      TVIX is -95.43% negatively correlated with SPY

      VIXY is 98.84% positively correlated with VIX

      TVIX is 98.11% positively correlated with VIX

      VIXY is Proshare VIX etf at 11.38 vs TVIX at $4.04

      You have to compare which etf works for you. Which etf is better for day trading vs swing trading.

      I know that pound per pound TVIX is the best and cheapest swing trading inverse Vix etfs out there even with decay. Its a poor man's short SPY etf.

      Sentiment: Strong Buy

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