VIX ETFs and ETNs

On this page you can find an overview of VIX ETFs (exchange traded funds) and ETNs (exchange traded notes), last updated on 23 November 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

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

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

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

1x Short – Inverse (Unleveraged) – Short-Term VIX Futures

SVXY = ProShares Short VIX Short-Term Futures ETF

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

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 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

VIIX = VelocityShares VIX Short-Term ETN

ZIV = VelocityShares Inverse VIX Medium-Term ETN

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 (closed on 23 March 2018)

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 (closed on 10 August 2018)

UVXY = ProShares Ultra VIX Short-Term Futures ETF

VIIX = VelocityShares VIX Short-Term ETN

VIIZ = VelocityShares VIX Medium-Term ETN (closed on 10 August 2018)

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 (closed on 24 July 2018)

VMIN = REX VolMAXX Short VIX Weekly Futures Strategy ETF (closed on 26 November 2018)

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 (closed on 29 March 2018)

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.