“We’re going to tread water until Washington figures out what to do,” Brian Battle, vice president of trading at Performance Trust Capital Partners, said in a CNBC report. “They’ll likely wait until the last minute and the political solution seems to be to kick the can down the road.”

Other inverse VIX-related funds include the ProShares Short VIX Short-Term Futures ETF (NYSEArca: SVXY), VelocityShares Daily Inverse VIX Medium-Term ETN (NYSEArca: ZIV), iPath Inverse S&P 500 VIX Short-Term Futures ETN (NYSEArca: XXV) and iPath Inverse S&P 500 VIX Short-Term Futures ETN (NYSEArca: IVOP).

VelocityShares Daily Inverse VIX Short-Term ETN

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

Max Chen contributed to this article.