The Best ETF Of Our Time (AKA How To Become A Billionaire Without Really Trying)
ByMacro Investor:Sometimes, a picture is indeed worth a thousand words.
(Click to enlarge)
SVXY Total Return Price data by YCharts Ever since the financial crisis, investors has been asking for ways to hedge market volatility. When there is demand there is supply, and a whole series of ETFs based on the volatility index (VIX) has come into being. With these ETFs came the opportunity for investors to make incredible amounts of money. In this article, I would like to discuss one that has the potential to make billionaires. It is called the ProShares Short VIX Short-Term Futures ETF (SVXY). There is a ETN incarnation of the same called the VelocityShares Daily Inverse VIX Short-Term ETN (XIV). While I restrict this article to SVXY only, the same conclusions can be made about XIV, as the underlying assets are identical for these two. The above chart shows the performance of Complete Story »