Dow ETF Rallies to 2011 Gain as VIX Plummets | ETF Trends

An exchange traded fund indexed to the Dow Jones Industrial Average climbed back into positive territory for 2011 amid Wednesday’s rally in U.S. stocks.

SPDR Dow Jones Industrial Average (NYSEArca: DIA) rose 1.5% as the Dow added nearly 200 points on improved sentiment on the Eurozone debt crisis.

SPDR S&P 500 (NYSEArca: SPY) remains in negative territory for the year, however.

Wall Street’s “fear gauge” continued to plunge along with the price of insurance in options markets. The CBOE Volatility Index (VIX) was set to fall below 30 for the first time since August.

The iPath S&P 500 VIX Short Term Futures ETN (NYSEArca: VXX), an exchange traded note tracking VIX futures contracts, fell 7.5% in afternoon trading Wednesday.