(VXX) iPath Series SP500 VIX - BATS
ETF Category: Trading--Miscellaneous | Exchange: BATS (USA) | Market Cap: 574m USD | Total Return: -49.9% in 12m
Avg Turnover: 238M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) tracks an index composed of short-term VIX futures contracts. Unlike traditional equities, this exchange-traded note provides exposure to implied volatility rather than the spot price of the CBOE Volatility Index.
The volatility sector operates through derivative markets where futures prices often trade at a premium to the spot price, a condition known as contango. This business model involves daily rebalancing of futures positions, which typically results in significant roll yield decay over long-term holding periods. For a deeper look into how these mechanics impact long-term portfolio performance, consider reviewing the data on ValueRay.
- Equity market volatility spikes drive demand for short-term VIX futures contracts
- Negative roll yield from contango erodes long-term principal value of the ETN
- S&P 500 price declines trigger rapid increases in near-term volatility expectations
- Barclays credit risk impacts the valuation of the senior unsecured debt instrument
- Daily rebalancing of futures positions causes tracking error relative to spot VIX
As of June 12, 2026, the stock is trading at USD 25.32 with a total of 14,242,581 shares traded.
Over the past week, the price has changed by +7.74%,
over one month by -11.06%,
over three months by -21.51% and
over the past year by -49.87%.
iPath Series SP500 VIX has no consensus analysts rating.