ETF Quote Details
|NAV (month end)||1.12|
|Premium (+)/Discount (-) (month end)||-0.11|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
See all the Top Ranked ETFs here - The complete list of all the top ranked ETFs
ETF Expense Ratio
|Dividend (Yield)||$0.00 (0.00%)|
The Index methodology combines a daily rolling long exposure to the third- and fourth-month futures contracts on the CBOE Volatility Index with a short exposure to the S&P 500 Total Return Index. The VIX futures contracts exposure is constantly maintained, but the weighting of the S&P 500 Total Return Index is variable and determined monthly via a backward-looking linear regression.
It is linked to the Citi Volatility Index Total Return provide investors with an investable means to gain directional exposure to the implied volatility of large-cap U.S. stocks. The Index methodology combines a daily rolling long exposure to the 3rd & 4th month futures contracts on the CBOE Volatility Index with a short exposure to the S&P 500 Total Return Index.