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ETFs

ProShares VIX Short-Term Futures ETF

VIXY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 03 2011
Expense Ratio
0.85%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$76,440,711
AUM
$202,721,223
Associated Index
S&P 500 VIX Short-Term Futures Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Net Other Assets (Liabilities)
100.00%
n/a
Derivatives offset
-99.96%
Invest with VIXY

What is VIXY?

The CBOE Volatility Index (VIX) is a widely followed measure of the expected volatility of the S&P 500. Since the VIX is not directly investable S&P 500 volatility exposure is often achieved through VIX futures. Each of the VIX futures indexes measures the movements of a combination of VIX futures and is designed to track changes in the expectation for VIX over a specific time window in the future. As a result the S&P 500 VIX Short-Term Futures Index and VIXY can be expected to perform differently than the VIX.

ETFs related toVIXY

ETFs correlated to VIXY include UVIX, UVXY, VXX

VIXY
ProShares Trust - ProShares VIX Short-Term Futures ETF
UVIX
Volatility Shares Trust - 2x Long VIX Futures ETF
UVXY
ProShares Trust - ProShares Ultra VIX Short-Term Futures ETF 2x Shares
VXX
Barclays Bank PLC - iPath? Series B S&P 500? VIX Short-Term FuturesTM ETN
VIXM
ProShares Trust - ProShares VIX Mid-Term Futures ETF
FAZ
Direxion Shares ETF Trust - Direxion Daily Financial Bear 3x Shares
SRTY
ProShares Trust - ProShares UltraPro Short Russell2000 -3x Shares
RWM
ProShares Trust - ProShares Short Russell2000 -1x Shares
TWM
ProShares Trust - ProShares UltraShort Russell2000 -2x Shares
TZA
Direxion Shares ETF Trust - Direxion Daily Small Cap Bear 3X Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toVIXY

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

Create your own algorithmic trading strategy with VIXY using Composer

FAQ

VIXY is a US Equities ETF. The CBOE Volatility Index (VIX) is a widely followed measure of the expected volatility of the S&P 500. Since the VIX is not directly investable S&P 500 volatility exposure is often achieved through VIX futures. Each of the VIX futures indexes measures the movements of a combination of VIX futures and is designed to track changes in the expectation for VIX over a specific time window in the future. As a result the S&P 500 VIX Short-Term Futures Index and VIXY can be expected to perform differently than the VIX.

VIXY tracks the S&P 500 VIX Short-Term Futures Index.

No, VIXY is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, VIXY is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on VIXY is -0.0968%. This is the percent change in the value of VIXY over the most recent 1-month period. The 3-month return on VIXY is -0.1364%. This is the percent change in the value of VIXY over the most recent 3-month period.

The standard deviation of VIXY for the past year is 0.5144%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to VIXY include PKW, DIVO, and XYLD.

ETFs correlated to VIXY include UVIX, UVXY, and VXX.

ETFs that are inversely correlated to VIXY include SVXY, SVIX, and LGRO.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.