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

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

Updated October 16, 2026.

VXZ is an ETN. its expense ratio is 0.89%. Total return is -32.9% over the past 8.7 years, 245.1 points behind SPY at 212.2%.

iPath® Series B S&P 500® VIX Mid-Term Futures ETN is an exchange-traded note issued by Barclays that provides exposure to mid-term VIX futures contracts rather than direct exposure to the VIX index itself, offering investors a way to gain volatility exposure through the futures market. The security does not currently distribute income to shareholders. The expense ratio is 0.89%.

VXZ performance versus SPY

Price and return data through 2026-10-16.

Total return is -32.9% over the past 8.7 years, 245.1 points behind SPY at 212.2%. Over the past year its total return — price change plus distributions reinvested — is -22.8%. Its deepest 1-year drawdown was 27.7%.

VXZ key facts

Issuer

Barclays

Asset type

ETN

Asset class

Equity

Inception date

01/17/2018

Expense ratio

0.89%

Distribution frequency

None

Last close

$45.34 (as of 2026-10-16)

AUM

$40,085,202

Average volume

13028.0

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Barclays; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

VXZ risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 27.7%.

Who may consider VXZ — and who may not

It is a weaker fit for investors who need monthly cash flow (VXZ does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on VXZ

• All tickers starting with V

Tagged: Futures, VIX.

Frequently asked questions

More securities from Barclays.