XXV (iPath Inverse S&P 500 VIX Short-Term Futures ETN)

XXV Exposure and Basic Characteristics

XXV is a short VIX ETN by Barclays iPath. It is designed to track the inverse of S&P500 VIX Short-Term Futures Index (excess return) and therefore provides short volatility exposure on the short (near) end of the VIX futures curve. XXV is much less liquid than other short VIX ETFs and ETNs like XIV (by VelocityShares) or SVXY (by ProShares), which provide similar exposures.

Direction: Short, unleveraged

Underlying index: S&P500 VIX Short-Term Futures Index ER

Exposure: Short of the short end of the VIX futures curve (short positions in the nearest and the second nearest VIX futures contract months, rolling to maintain constant 1 month maturity).

XXV options: Not available

Product type: ETN (exchange traded note)

Issuer: Barclays Bank PLC

Provider: Barclays iPath

Inception date: 16 July 2010

Official Information and Links

The iPath® Inverse S&P 500 VIX Short-Term Futures™ ETN is designed to provide investors with inverse exposure to the S&P 500 VIX Short-Term Futures™ Index Excess Return. … The S&P 500 VIX Short-Term Futures™ Index Excess Return (the “Index”) is designed to reflect the returns that are potentially available through an unleveraged investment in short-term futures contracts on the CBOE Volatility Index®. The Index offers exposure to a daily rolling long position in the first and second month VIX Index futures contracts and reflects the implied volatility of the S&P 500® at various points along the volatility forward curve. Source: Official website and factsheet (see links below).

XXV product page:

XXV factsheet:

XXV prospectus:

Provider website:

XXV Quotes, Assets, and Trading Volume

Yahoo Finance:


Related pages

oversold overbought indicatorsadvantages and disadvantages of median in statisticsblack scholes spreadsheetvix futures term structureotm stockstandard deviation finance formulacalculating sample covarianceblackscholes formuladow jones calculationuxvyspx index bloombergauc unit2x s&p 500 etfoptions greeks calculatorkurtosis explanationnormal distribution calculator excelcovariance formula statisticsvix s&p500skewness calculator onlineblack scholes analysisstandard deviation from mean calculatorkurtosis graphcalculator variancewhat is skew in statisticsannualised standard deviationetf for vixunderstanding kurtosisexpiration calendarhistorical volatility calculationusing macd to tradeweighted average inventory calculatorstraddle option strategyatr indicator explainedcalculating implied interest ratemarket value capital structure formulakurtosis valueformula for calculating average in excelharmonic mean of 3 numbersstatistics formula calculatorarithmetic percentageshow to calculate sigma in excelyahoo stock symbol searchwhat is delta hedgingwacc debtweighted average cost accountinghow to calculate the variance in excelformula for calculating average in excelstrike price exercise priceexcel option calculatorskewness in excelblack scholes options calculatorprice weighted index formulasec 13f faqskewness and kurtosis calculatorhow to calculate coefficient of skewnessformula to calculate range in excelhow to calculate median in excelcalculating the intrinsic value of a stockdirectional strategy hedge fundsrho greeksoptions greeksstraddle option strategyput option black scholesotm putexcel goal seek macrocomputational formula for standard deviationkurtosis in statisticsbloomberg s&p 500 futuresblack scholes equationsyahoo finance symbolshow to delta hedgeworking out standard deviation on excelputs and calls for dummieskurtosis is a measure of