#$%$ ... 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?
There both s***!!!
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