How do VelocityShares’ EVIX and EXIV Work?

In May 2017 VelocityShares introduced two volatility funds, EXIV and EVIX, which track European volatility futures.  In digging into these funds I’ve encountered a dense mashup of the familiar and the foreign.  The differences between European Volatility futures and VIX futures are relatively small so it’s reasonable to view EXIV and EVIX as close cousins of ProShares SVXY and Barclays’ VXX, however, these funds depend …

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Inverse Volatility—the Winner for Short Term is SVXY

I used to share stock tips with my brothers-in-law. Before the tech crash I could offer up a few stocks I liked, and they would often make some money.  The crash painfully ended the easy money and I moved onto index funds. They didn’t think indexes were near as much fun. One Easter one of my brothers-in-law asked what I was investing in.   My …

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