Investors seeking to hedge against abrupt market shocks have received little comfort this year from volatility-linked exchange-traded products.
Among the worst-performing year-to-date ETFs are the Volatility Shares 2x Long VIX Futures ETF (BATS:UVIX), ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY), iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX), and ProShares VIX Short-Term Futures ETF (BATS:VIXY), all down double digits as markets provided more stability than turmoil.
