iPath Series B S&P 500 VIX Mid-Term Futures ETN

Frequently Asked Questions About VXZ

What does VXZ invest in?

These iPath Series B S&P 500 VIX Mid-Term Futures ETNs are structured to track the S&P 500 VIX Mid-Term Futures Index Total Return. This underlying Index provides a means to participate in the fluctuations of the equity market by referencing CBOE Volatility Index futures.

What is the expense ratio of VXZ?

iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) charges an expense ratio of 0.89%. This is the annual fee deducted from fund assets to cover management and operations.

How big is VXZ?

iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) manages $41.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is VXZ actively managed or an index fund?

VXZ is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (VXZ's is 0.89%) because there's no security selection cost.

When was VXZ launched?

iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) launched in January 2018 and is managed by iPath.

How has VXZ performed?

VXZ's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.