The New Way to Track VIX ETFs

There's now an easy way to compare and track CBOE Volatility Index (VIX) exchange-traded funds

Jan 28, 2016 at 7:45 AM
facebook twitter linkedin

Having trouble keeping track of all those CBOE Volatility Index (VIX) exchange-traded funds (ETF)? Want to see how they act vs. each other, vs. stock indices, et al? Well, you're in luck. Eli Mintz of VIXCentral fame has introduced this:

"This is a new tool I developed which basically allows you to conveniently view many Yahoo charts together. You can change the period, size etc. and of course add your own tickers and create your own views."

Here's a screenshot of what Eli's talking about:


I went with the one-month view here, but it's flexible to different time frames. As he notes, you can also add different tickers, change the chart, add studies, et al. If you click on the chart, you load the Yahoo Finance page for the ticker.

For posting purposes, I tend to just load the data myself into spreadsheets so I have the flexibility to run things like correlations, line estimates, scatter plots, et al. For informational purposes, this is terrific. Looking at all these charts highlighted something for me. It's truly (relative) boom times for iPath S&P 500 VIX Short-Term Futures ETN (VXX) and all its offshoots. Five months of non-disastrous volatility will tend to do that I suppose. Here's the VIX/VXX/ProShares Trust Ultra VIX Short Term Futures ETF (UVXY) look:


UVXY is double VXX, so thus gets hit both by the contango effect that hits VXX itself and the compounding effect that hits all trackers. Yet it's had a half-year of fantastic action. Well, part of it is that VIX futures aren't in contango now. VXX theoretically lifts over time in that setup. In backwardation, a VIX future gains some value each nanosecond that goes by.

And part of that is that while churn will eat up a tracker, compounding helps in a directional move. I still would never hold something like UVXY for anything but really short term. But it's interesting to see that it actually can have a sustained stretch of non-disaster.

Disclaimer: Mr. Warner's opinions expressed above do not necessarily represent the views of Schaeffer's Investment Research


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 


300x250 - Banner 3 - v1