Other volatility ETFs include VelocityShares VIX Short-Term ETN (NYSEArca: VIIX), VelocityShares Daily 2x VIX Short-Term ETN (NYSEArca: TVIX), ProShares Ultra VIX Short-Term Futures (NYSEArca: UVXY) and ProShares VIX Short-Term Futures ETF (NYSEArca: VIXY). [VIX ETFs Still Flopping as Small-Caps Hit Fresh High]

The products, which fell sharply in 2012, are designed to track VIX futures contracts rather than the spot price.

On the other hand, inverse funds like the VelocityShares Daily Inverse VIX Short-Term ETN (NYSEArca: XIV) are performing well on the heightened complacency in the markets.

iPath S&P 500 VIX Short Term Futures ETN

For more information on CBOE Volatility Index related funds, visit our VIX category.

Max Chen contributed to this article.

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