ProShares Launches Two VIX ETFs
ProShares' newest ETFs are tied to short- and medium-term market volatility.
On Tuesday, Jan. 4, ProShares will launch two exchange-traded funds based on futures contracts tied to the Chicago Board Options Exchange's VIX Index, which reflects near-term market volatility.
By our count, the funds will be the 14th and 15th VIX-related exchange-traded products to begin trading since 2009, and they reflect continued interest by both investors and ETF providers alike in tracking the VIX, which is known by many as the "fear index" or the "fear gauge." The VIX measures the implied volatility of an index of large-cap U.S. stocks over 30 days into the future, and it's a hypothetical calculation of volatility based on the prices of certain call and put options on the S&P 500 Index over the month to come, reflecting the premium paid by investors for certain options linked to the broad benchmark.
Robert Goldsborough does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.