VIX Volatility

IPATH SERIES B S&P 500 VIX SHORT TERM FUTURES TM ETN

VXXB_CFD.ETF

Daily

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Weekly

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Yearly

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VXX is among the largest and most liquid volatility ETPs, and is one of a handful that offer short-term VIX futures exposure. Two immediate caveats: 1) volatility ETPs deliver poor long-term exposure to the VIX index; and 2) volatility ETPs have a history of erasing vast sums of investor capital over holdings periods as short as a few days. Still, short-term VIX ETPs like VXX generally make better tools for tactical exposure to the VIX than midterm products (short-term means 1-month average term VIX futures). They tend to have a better statistical correlation to the VIX, but also lose more money from contango in their futures positions. VXX’s performance is basically indistinguishable from its short-term peers, but its excellent trading volume makes it the trader's choice. As an ETN, VXX is backed by Barclay’s credit rather than by assets.VXX launched under the ticker VXXB as “Series B” replacement for the original VXX. VXXB took over the VXX ticker in May 2019. The old VXX launched in Jan 2009 and delisted Jan 2019. The current VXX provides identical exposure as the old VXX with some structural changes, including an issuer call capability, reduced expense ratio and a non-path-dependent fee structure.

ETF name

VXXB_CFD.ETF

Market

Indices

Costs

0.07 %

VIX Volatility

IPATH SERIES B S&P 500 VIX SHORT TERM FUTURES TM ETN

VXXB_CFD.ETF

VXX is among the largest and most liquid volatility ETPs, and is one of a handful that offer short-term VIX futures exposure. Two immediate caveats: 1) volatility ETPs deliver poor long-term exposure to the VIX index; and 2) volatility ETPs have a history of erasing vast sums of investor capital over holdings periods as short as a few days. Still, short-term VIX ETPs like VXX generally make better tools for tactical exposure to the VIX than midterm products (short-term means 1-month average term VIX futures). They tend to have a better statistical correlation to the VIX, but also lose more money from contango in their futures positions. VXX’s performance is basically indistinguishable from its short-term peers, but its excellent trading volume makes it the trader's choice. As an ETN, VXX is backed by Barclay’s credit rather than by assets.VXX launched under the ticker VXXB as “Series B” replacement for the original VXX. VXXB took over the VXX ticker in May 2019. The old VXX launched in Jan 2009 and delisted Jan 2019. The current VXX provides identical exposure as the old VXX with some structural changes, including an issuer call capability, reduced expense ratio and a non-path-dependent fee structure.

Portfolio composition (TOP 10)

01.12.2021
VIX Futures

Instrument specification in OANDA TMS Brokers

Name
VXXB_CFD.ETF
Description
IPATH SERIES B S&P 500 VIX SHORT TERM FUTURES ETN
Type
ETF
Contract size / 1 lot
Price * 1 USD
Value of 1 pip
0.01
Minimal step
0.01
Short sale
NO
Distance SL and TP
0
Minimum order value
1
Maximum order value
796
Transaction Step
1
Trading Hours
monday-friday 15:35-22:00
Deposit required
20%
Financial leverage
5:1
Long swap (daily)
-0.02308%
Short Swap (daily)
0.00642%
3-day swap (date)
5
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