The iPath S&P 500 VIX Short-Term Futures ETN (NYSEArca: VXX) is down more than 20% in 2011 as betting on higher volatility has been a losing strategy.
The CBOE Volatility Index (VIX) fell more than 7% on Monday, moving lower as investors breathed a sigh of relief a government shutdown was avoided. Exchange traded funds (ETFs) and notes following VIX futures rose Friday.
The $1.5 billion iPath S&P 500 VIX Short-Term Futures ETN is the largest by assets.
ProShares VIX Short-Term Futures (NYSEArca: VIXY)
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