On this page you can find an overview of VIX ETFs (exchange traded funds) and ETNs (exchange traded notes), last updated on 16 October 2018. The products are arranged in five lists for convenience:
- Most liquid – 7 VIX products with greatest trading volume
- Optionable – with options available on them
- By exposure – long, short, leveraged
- By provider – iPath, ProShares, VelocityShares etc.
- All – sorted alphabetically by ticker symbol, including discontinued products
Note: Two of the most popular VIX products, the VXX and VXZ ETNs, mature on 30 January 2019 and will be replaced by VXXB and VXZB. These new ETNs are already trading, as are their options, but at the moment (October 2018) their volume is still much lower than VXX and VXZ. It should gradually pick up.
Most Liquid VIX ETFs and ETNs
The following four ETFs and ETNs are the most liquid, with average daily volume in millions of shares (often over 10 million):
VXX / VXXB = iPath S&P 500 VIX Short-Term Futures ETN
SVXY = ProShares Short VIX Short-Term Futures ETF
UVXY = ProShares Ultra VIX Short-Term Futures ETF
TVIX = VelocityShares Daily 2x VIX Short-Term ETN
The next three are still quite liquid, with average daily volume in low millions or hundreds of thousands:
VIXY = ProShares VIX Short-Term Futures ETF
VXZ / VXZB = iPath S&P 500 VIX Mid-Term Futures ETN
VIIX = VelocityShares VIX Short-Term ETN
VIX ETFs and ETNs with Available Options
The following VIX ETFs and ETNs have options available on them. You can see they are mostly the same ones as those in the most liquid list above (the one that is missing here – doesn’t have options – is TVIX).
VXX / VXXB = iPath S&P 500 VIX Short-Term Futures ETN
SVXY = ProShares Short VIX Short-Term Futures ETF
UVXY = ProShares Ultra VIX Short-Term Futures ETF
VIXY = ProShares VIX Short-Term Futures ETF
VXZ / VXZB = iPath S&P 500 VIX Mid-Term Futures ETN
VIIX = VelocityShares VIX Short-Term ETN
VIXM = ProShares VIX Mid-Term Futures ETF
VMAX = REX VolMAXX Long VIX Weekly Futures Strategy ETF
VMIN = REX VolMAXX Short VIX Weekly Futures Strategy ETF
VIX ETFs and ETNs by Exposure
ETFs/ETNs in each group are ordered by liquidity (average trading volume) from the most liquid to less liquid.
2x Long (Leveraged) – Short-Term VIX Futures
UVXY = ProShares Ultra VIX Short-Term Futures ETF
TVIX = VelocityShares Daily 2x VIX Short-Term ETN
2x Long (Leveraged) – Medium-Term VIX Futures
TVIZ = VelocityShares Daily 2x VIX Medium-Term ETN
1x Long (Unleveraged) – Short-Term VIX Futures
VXX / VXXB = iPath S&P 500 VIX Short-Term Futures ETN
VIXY = ProShares VIX Short-Term Futures ETF
VIIX = VelocityShares VIX Short-Term ETN
VMAX = REX VolMAXX Long VIX Weekly Futures Strategy ETF
1x Long (Unleveraged) – Medium-Term VIX Futures
VXZ / VXZB = iPath S&P 500 VIX Mid-Term Futures ETN
VIXM = ProShares VIX Mid-Term Futures ETF
VIIZ = VelocityShares VIX Medium-Term ETN
1x Short – Inverse (Unleveraged) – Short-Term VIX Futures
SVXY = ProShares Short VIX Short-Term Futures ETF
VMIN = REX VolMAXX Short VIX Weekly Futures Strategy ETF
XXV = iPath Inverse S&P 500 VIX Short-Term Futures ETN
IVOP = iPath Inverse S&P 500 VIX Short-Term Futures ETN II
1x Short – Inverse (Unleveraged) – Medium-Term VIX Futures
ZIV = VelocityShares Inverse VIX Medium-Term ETN
VIX ETFs and ETNs by Provider
Products by individual providers are sorted alphabetically by ticker symbol.
iPath & Barclays
IVOP = iPath Inverse S&P 500 VIX Short-Term Futures ETN II
VQT = Barclays ETN+ ETNs Linked to the S&P 500 Dynamic VEQTORTM Total Return Index
VXX = iPath S&P 500 VIX Short-Term Futures ETN (will expire on 30 January 2019)
VXXB = iPath Series B S&P 500 VIX Short-Term Futures ETN
VXZ = iPath S&P 500 VIX Mid-Term Futures ETN (will expire on 30 January 2019)
VXZB = iPath Series B S&P 500 VIX Mid-Term Futures ETN
XVZ = iPath S&P 500 Dynamic VIX ETNXXV = iPath Inverse S&P 500 VIX Short-Term Futures ETN
ProShares
SVXY = ProShares Short VIX Short-Term Futures ETF
UVXY = ProShares Ultra VIX Short-Term Futures ETF
VIXM = ProShares VIX Mid-Term Futures ETF
VIXY = ProShares VIX Short-Term Futures ETF
VelocityShares & Credit Suisse
TVIX = VelocityShares Daily 2x VIX Short-Term ETN
TVIZ = VelocityShares Daily 2x VIX Medium-Term ETN
VIIX = VelocityShares VIX Short-Term ETN
VIIZ = VelocityShares VIX Medium-Term ETN
ZIV = VelocityShares Inverse VIX Medium-Term ETN
REX VolMAXX
VMAX = REX VolMAXX Long VIX Weekly Futures Strategy ETF
VMIN = REX VolMAXX Short VIX Weekly Futures Strategy ETF
Invesco PowerShares
PHDG = PowerShares S&P 500 Downside Hedged
All VIX ETFs and ETNs in Alphabetical Order
This list is sorted by ticker symbol. It also includes discontinued products.
AAVX = ETRACS Daily Short 1-Month S&P 500 VIX Futures ETN (closed on 12 September 2012)
BBVX = ETRACS Daily Short 2-Month S&P 500 VIX Futures ETN (closed on 12 September 2012)
CCVX = ETRACS Daily Short 3-Month S&P 500 VIX Futures ETN (closed on 12 September 2012)
CVOL = C-Tracks Citi Volatility Index TR ETN (closed on 24 May 2016)
DDVX = ETRACS Daily Short 4-Month S&P 500 VIX Futures ETN (closed on 12 September 2012)
EEVX = ETRACS Daily Short 5-Month S&P 500 VIX Futures ETN (closed on 12 September 2012)
FFVX = ETRACS Daily Short 6-Month S&P 500 VIX Futures ETN (closed on 12 September 2012)
IVO = iPath Inverse January 2021 S&P 500 VIX Short-Term Futures ETN (closed on 12 September 2011)
IVOP = iPath Inverse S&P 500 VIX Short-Term Futures ETN II
PHDG = PowerShares S&P 500 Downside Hedged
SVXY = ProShares Short VIX Short-Term Futures ETF
TVIX = VelocityShares Daily 2x VIX Short-Term ETN
TVIZ = VelocityShares Daily 2x VIX Medium-Term ETN
UVXY = ProShares Ultra VIX Short-Term Futures ETF
VIIX = VelocityShares VIX Short-Term ETN
VIIZ = VelocityShares VIX Medium-Term ETN
VIXH = First Trust CBOE S&P 500 VIX Tail Hedge Fund (no longer VIX based – changed investment objective effective 18 August 2017, new symbol DWPP)
VIXM = ProShares VIX Mid-Term Futures ETF
VIXY = ProShares VIX Short-Term Futures ETF
VMAX = REX VolMAXX Long VIX Weekly Futures Strategy ETF
VMIN = REX VolMAXX Short VIX Weekly Futures Strategy ETF
VQT = Barclays ETN+ ETNs Linked to the S&P 500 Dynamic VEQTORTM Total Return Index
VXAA = ETRACS 1-Month S&P 500 VIX Futures ETN (closed on 12 September 2012)
VXBB = ETRACS 2-Month S&P 500 VIX Futures ETN (closed on 12 September 2012)
VXCC = ETRACS 3-Month S&P 500 VIX Futures ETN (closed on 12 September 2012)
VXDD = ETRACS 4-Month S&P 500 VIX Futures ETN (closed on 12 September 2012)
VXEE = ETRACS 5-Month S&P 500 VIX Futures ETN (closed on 12 September 2012)
VXFF = ETRACS 6-Month S&P 500 VIX Futures ETN (closed on 12 September 2012)
VXX = iPath S&P 500 VIX Short-Term Futures ETN (will expire on 30 January 2019)
VXXB = iPath Series B S&P 500 VIX Short-Term Futures ETN
VXZ = iPath S&P 500 VIX Mid-Term Futures ETN (will expire on 30 January 2019)
VXZB = iPath Series B S&P 500 VIX Mid-Term Futures ETN
VZZ = iPath Long Enhanced S&P 500 VIX Mid-Term Futures ETN (closed on 11 July 2011)
VZZB = iPath Long Enhanced S&P 500 VIX Mid-Term FuturesTM ETN II (closed on 15 October 2012)
XIV = VelocityShares Inverse VIX Short-Term ETN (closed on 15 February 2018)
XVIX = ETRACS Daily Long-Short VIX ETN (closed on 18 August 2016)
XVZ = iPath S&P 500 Dynamic VIX ETN
XXV = iPath Inverse S&P 500 VIX Short-Term Futures ETN
ZIV = VelocityShares Inverse VIX Medium-Term ETN
VSTOXX ETNs
In May 2017 two ETNs on the VSTOXX index were launched as the first US listed exchange traded products on European volatility.
Jump to:
- Most liquid – 7 VIX products with greatest trading volume
- Optionable – with options available on them
- By exposure – long, short, leveraged
- By provider – iPath, ProShares, VelocityShares etc.
- All – sorted alphabetically by ticker symbol, including discontinued products
I try to keep these lists complete and up to date, but (you know how fast the developments in this area are) if you find something inaccurate or missing, please let me know.