NasdaqGM - Delayed Quote USD

VelocityShares Daily Inverse VIX Medium-Term ETN (ZIV)

28.91 -0.02 (-0.07%)
At close: July 2 at 4:00 PM EDT

ETF Summary

The investment seeks to replicate, net of expenses, the inverse of the daily performance of the S&P 500 VIX Mid-Term Futures index. The index was designed to provide investors with exposure to one or more maturities of futures contracts on the VIX, which reflects implied volatility of the S&P 500 Index at various points along the volatility forward curve. The calculation of the VIX is based on prices of put and call options on the S&P 500 Index. The ETNs are linked to the daily inverse return of the index and do not represent an investment in the inverse of the VIX.

ETF Overview

Category --
Fund Family Credit Suisse AG
Net Assets 39.17M
YTD Daily Total Return -58.48%
Yield 0.00%
Legal Type Exchange Traded Fund

ETF Operations

Attributes ZIV Category Average
Annual Report Expense Ratio (net) 1.35% --
Holdings Turnover 0.00% --
Total Net Assets 0.00 0.00

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Related Tickers