On Tuesday, VXX rose 1.2% and ProShares VIX Short-Term Futures ETF (NYSEArca: VIXY) was up 1.2%. Additionally, for the more aggressive traders, the leveraged ProShares Ultra VIX Short-Term Futures (NYSEArca: UVXY) and VelocityShares Daily 2x VIX Short Term ETN (NYSEArca: TVIX), which try to reflect two times or 200% the daily performance of the S&P VIX Short-Term Futures Index, both gained 2.4%.

The volatility hedge was strengthening Tuesday after data revealed Japan’s economy and Chinese exports are falling, which added to concerns that the robust international monetary policies have not been enough to support a flagging global economy, reports Oliver Renick for Bloomberg.

“After three weeks of gains, we’re getting a bit of profit-taking triggered by the not-so-nice economic figures out of Asia,” Heinz-Gerd Sonnenschein, a strategist at Deutsche Postbank AG, told Bloomberg.

iPath S&P 500 VIX Short Term Futures ETN

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