- iPath S&P 500 VIX Mid-Term Futures ETN (VXZ): down 0.3% in the last three months
When considering the VIX ETNs, it is imperative to know exactly how they work. They don’t track the VIX; what they do is track a basket of volatility futures and produce a negative return where the yield on the cash that serves as collateral for the futures softens the blow.
For more information on market volatility, visit our VIX category.
Max Chen contributed to this article.