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Dividend Vision

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

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

VXZ pays a 0.00% distribution rate, on a 0.89% expense ratio. Total return is -25.9% over the past 8.6 years, 242.7 points behind SPY at 216.8%. Its deepest 1-year drawdown was 19.5%.

VXZ is an exchange-traded note that tracks mid-term S&P 500 VIX futures contracts, providing exposure to volatility rather than traditional equity returns, with no dividend distributions and an 0.89% annual expense ratio. This instrument is designed for sophisticated investors seeking to hedge equity portfolios or gain tactical exposure to volatility markets, not for income generation. The ETN carries structural risk inherent to exchange-traded notes and appeals primarily to tactical traders and risk managers rather than dividend-focused investors.

VXZ key facts

Issuer
iPath Series
Asset type
ETN
Asset class
Equity
Inception date
01/17/2018
Expense ratio
0.89%
Distribution rate
0.00%
Last close
$50.07
AUM
$39,527,509
Average volume
19700.0