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- Title
Is a VIX ETP an investment in the VIX?
- Authors
Parker Clowers, R.; Jones, Travis L.
- Abstract
This article examines VIX-based ETPs (exchange traded products) and illustrates that both the return and risk of these products are not related to the return and risk of the VIX index. The authors note that VIX ETPs do not correlate well to the VIX index. In fact, these funds are not even designed to have a high correlation to the VIX index. Individual investors can often mistake VIX ETPs for an investment in the VIX index itself, which is incorrect and may lead to a costly mistake.
- Subjects
EXCHANGE traded funds; STOCK exchanges; MARKET volatility; INDEXATION (Economics); INVESTMENTS
- Publication
Financial Services Review, 2016, Vol 25, Issue 1, p73
- ISSN
1057-0810
- Publication type
Article