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.

Risk Overview

Performance & Risk

YTD Return -58.48%
5y Average Return -5.91%
Rank in Category (ytd) --
% Rank in Category (ytd) --
Beta (5Y Monthly) -0.40
Morningstar Risk Rating --

Risk Statistics

3 Years5 Years10 Years
ZIVCategory AverageZIVCategory AverageZIVCategory Average
Alpha -19.2 -- -14.42 -- -2.68 --
BETA -0.4 -- -0.42 -- -0.42 --
Mean Annual Return -1.82 -- 0.06 -- 1.31 --
R-squared 89.04 -- 86.2 -- 82.93 --
Standard Deviation 39.4 -- 34.52 -- 33.63 --
Sharpe Ratio -0.59 -- -0.01 -- 0.45 --
Treynor Ratio 71.28 -- 17.77 -- -21.64 --

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