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ZIV VelocityShares Daily Inverse VIX MT ETN

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Fund ZIV VelocityShares Daily Inverse VIX MT ETN SVXY ProShares Short VIX Short-Term Futures  
Similarity
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100% 85%
Annual Fees
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$143.63
(1.35% Exp. Ratio)
$141.51
(1.33% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 6.40% annual return
$42,723.98 $42,984.60
Est. savings over 30 yrs +$260.62
Return
As of 11/30/16
1 YR RETURN 8.59%
3 YR 8.94%
5 YR 32.16%
10 YR --
1 YR RETURN 43.33%
3 YR 9.31%
5 YR 49.05%
10 YR --
Description
The investment seeks to replicate, net of expenses, the inverse of 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 calculation of the VIX is based on prices of put and call options on the S&P 500 Index. The ETNs are linked to the daily inverse return of the index and do not represent an investment in the inverse of the VIX.
The investment seeks daily results that match (before fees and expenses) the inverse (-1x) of the daily performance of the S&P 500 VIX Short-Term Futures Index. The index seeks to offer exposure to market volatility through publicly traded futures markets and is designed to measure the return from a rolling long position in the first and second month VIX futures contracts.

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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.

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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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