iPath Series B S&P 500® VIX Mid-Term Futures ETN (VXZ)

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The chart shows the growth of an initial investment of $10,000 in iPath Series B S&P 500® VIX Mid-Term Futures ETN, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

iPath Series B S&P 500® VIX Mid-Term Futures ETN (VXZ) has returned 13.12% so far this year and 9.74% over the past 12 months.

Based on dividend-adjusted daily data since Jan 18, 2018, VXZ's average daily return is +0.02%, while the average monthly return is +0.25%. At this rate, your investment would double in approximately 23.1 years.

Historically, 52% of months were positive and 48% were negative. The best month was Mar 2020 with a return of +61.8%, while the worst month was Jun 2023 at -17.4%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.

On a daily basis, VXZ closed higher 42% of trading days. The best single day was Feb 14, 2018 with a return of +22.9%, while the worst single day was Mar 24, 2020 at -15.3%.

iPath Series B S&P 500® VIX Mid-Term Futures ETN has an annualized alpha of 21.11%, beta of -1.20, and R² of 0.47 versus S&P 500 Index. Calculated based on daily prices since January 19, 2018.

• This stock tended to rise when S&P 500 Index fell (downside capture of -287.29%), but participation in market rallies was also limited (-64.47%) — a profile typical of counter-cyclical assets.
• Beta of -1.20 may look defensive, but with R² of 0.47 this stock is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
• R² of 0.47 means the benchmark explains less than half of this stock's behavior — treat beta with caution or consider switching to a more representative benchmark.

VXZ has an expense ratio of 0.89%, placing it in the medium range.

VXZ ranks 49 for risk / return — on par with similar stocks. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for iPath Series B S&P 500® VIX Mid-Term Futures ETN (VXZ) and compare them to a chosen benchmark (S&P 500 Index).

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the iPath Series B S&P 500® VIX Mid-Term Futures ETN. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the iPath Series B S&P 500® VIX Mid-Term Futures ETN was 69.00%, occurring on Nov 29, 2024. The portfolio has not yet recovered.

The current iPath Series B S&P 500® VIX Mid-Term Futures ETN drawdown is 60.75%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of iPath Series B S&P 500® VIX Mid-Term Futures ETN over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how iPath Series B S&P 500® VIX Mid-Term Futures ETN is priced in the market compared to other companies in the undefined industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.