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TVIZ VelocityShares Daily 2x VIX MT ETN

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  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund TVIZ VelocityShares Daily 2x VIX MT ETN VIXM ProShares VIX Mid-Term Futures XXV iPath® Inverse S&P 500 VIX ST Fut™ ETN  
Similarity
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100% 94% 98%
Annual Fees
?
$175.55
(1.65% Exp. Ratio)
$84.05
(0.79% Exp. Ratio)
$94.69
(0.89% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 6.40% annual return
$38,993.30 $50,631.70 $49,122.82
Est. savings over 30 yrs +$11,638.40 +$10,129.53
Return
As of 11/30/16
1 YR RETURN -44.23%
3 YR -42.77%
5 YR -59.70%
10 YR --
1 YR RETURN -20.56%
3 YR -20.12%
5 YR -33.29%
10 YR --
1 YR RETURN -0.27%
3 YR -0.40%
5 YR 3.59%
10 YR --
Description
The investment seeks to replicate, net of expenses, the returns of twice (2x) the daily performance of the S&P 500 VIX Mid-Term Futures index. The index was designed to provide investors with exposure to one or more maturities of futures contracts on the VIX, which reflects implied volatility of the S&P 500 Index at various points along the volatility forward curve. The ETNs are linked to a multiple (2x) of the daily return of the index and do not represent an investment in the VIX.
The investment seeks results that, both over a single day and over time, match (before fees and expenses) the performance of the S&P 500 VIX Mid-Term Futures Index. The advisor intends to meet its investment objective by taking long or short positions in VIX futures contracts. It will also hold cash or cash equivalents such as U.S. Treasury securities or other high credit quality, short-term fixed-income or similar securities for direct investment or as collateral for Financial Instruments. The fund may invest up to 100% of its assets in any of these types of cash or cash equivalent securities.
The investment seeks to replicate, net of expenses, the inverse performance of the S&P 500 VIX Short-Term Futures index Excess Return. The note replicates the performance of establishing short positions in the iPath S&P 500 VIX Short-Term Futures ETN or in short-term futures contracts on the CBOE Volatility Index.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

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