iPath S&P 500 Dynamic VIX ETN

Cboe: XVZ

The iPath S&P 500 Dynamic VIX ETNs are designed to provide exposure to the S&P 500 Dynamic VIX FuturesTM Total Return Index.  The Index is designed to dynamically allocate between the S&P 500 VIX Short-Term FuturesTM Index Excess Return and the S&P 500 VIX Mid-Term FuturesTM Index Excess Return by monitoring the relative implied volatility of the SP 500 Index at various points along the volatility forward curve. 

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