iPath Inverse S&P 500 VIX Short-Term Futures ETN (II) (IVOP) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
iPath Inverse S&P 500 VIX Short-Term Futures ETN (II) (IVOP) trades at $38.00. The iPath Inverse S&P 500 VIX Short-Term Futures ETN (II) (IVOP) is an exchange-traded note designed to provide investors with inverse exposure to the… Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Mar 18, 2026Analyst Coverage for IVOP: IVOP does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates IVOP against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
IVOP: 2/3 scored disciplines lean bearish. Dominant signal: Ray Dalio bullish.
How is this calculated? →iPath Inverse S&P 500 VIX Short-Term Futures ETN (II) (IVOP) Financial Services Profile
iPath Inverse S&P 500 VIX Short-Term Futures ETN (II) offers inverse exposure to short-term VIX futures, targeting sophisticated investors seeking to capitalize on periods of market calm. The ETN's performance is directly tied to the volatility market, making it a niche product within the broader asset management landscape.
What Is the Investment Thesis for IVOP?
IVOP offers a unique, albeit risky, opportunity for sophisticated investors to profit from declining VIX futures prices. The primary value driver is the inverse relationship between the ETN's price and the S&P 500 VIX Short-Term Futures Index. A key catalyst is periods of sustained market calm, which typically lead to lower VIX futures prices and higher IVOP values. However, the ETN is subject to significant risks, including the potential for rapid losses during periods of increased market volatility. Investors should carefully consider their risk tolerance and investment objectives before investing in IVOP, understanding that it is designed for short-term trading strategies and not long-term investment. The ETN's performance is also influenced by factors such as the term structure of VIX futures and the costs associated with rolling futures contracts.
Based on FMP financials and quantitative analysis
IVOP Key Highlights
IVOP provides inverse exposure to the S&P 500 VIX Short-Term Futures Index, allowing investors to potentially profit from declining volatility.
- As an ETN, IVOP is a debt security issued by Barclays Bank PLC, exposing investors to the credit risk of the issuer.
- IVOP is designed for short-term trading strategies and is not suitable for long-term investment due to the potential for significant losses.
- The ETN's performance is highly sensitive to changes in market volatility and the dynamics of VIX futures contracts.
- Investors should carefully consider their risk tolerance and investment objectives before investing in IVOP, understanding its complex nature and potential for rapid losses.
Who Are IVOP's Competitors?
IVOP is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| SVXY ProShares - Short VIX Short-Term Futures ETF | $61.03 | -0.52% | $233M | — |
| ABALX American Funds American Balanced Fund Class A | $41.00 | +0.37% | $292B | 72 |
| BX Blackstone Inc. | $141.41 | -2.54% | $171B | 81 |
| AMFCX American Funds American Mutual Fund | $63.80 | -0.72% | $77.4B | 71 |
| RNNEX American Funds The New Economy Fund Class R-2E | $80.46 | -0.29% | $52.9B | 91 |
| AMP Ameriprise Financial, Inc. | $554.06 | -1.02% | $49.8B | 70 |
| IDDTF AB Industrivärden (publ) | $54.65 | -0.36% | $23.6B | 70 |
| TPG TPG Inc. | $51.57 | -3.03% | $19.8B | 67 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are IVOP's Key Strengths?
Provides inverse exposure to VIX futures.
- Offers potential for profit during periods of low volatility.
- Trades on major exchanges with liquidity.
- Issued by a reputable financial institution (Barclays).
What Are IVOP's Weaknesses?
High risk due to the volatility of VIX futures.
- Potential for rapid losses during market turbulence.
- Subject to credit risk of the issuer (Barclays).
- Not suitable for long-term investment.
What Could Drive IVOP Stock Higher?
Periods of sustained market calm leading to lower VIX futures prices.
- Increased investor demand for volatility hedging strategies.
- Potential for new product launches in the volatility space.
- Strategic partnerships with trading firms and algorithmic platforms.
What Are the Key Risks for IVOP?
Sudden spikes in market volatility causing rapid losses.
- Regulatory changes affecting volatility products.
- Credit risk of the issuer (Barclays Bank PLC).
- Increased competition from other ETNs and ETFs.
- Changes in the methodology of the S&P 500 VIX Short-Term Futures Index.
What Are the Growth Opportunities for IVOP?
- Increased Investor Education: There is a growth opportunity in educating sophisticated investors about the nuances of inverse volatility products like IVOP. By providing clear and accessible information on how the ETN works, its risks, and potential benefits, Barclays could attract a wider range of traders seeking to capitalize on periods of market calm. This involves detailed guides, webinars, and risk management tools to ensure investors understand the product's limitations and appropriate use cases. The timeline for this is ongoing, with continuous educational efforts needed to maintain investor awareness and confidence.
- Expansion of Distribution Channels: Barclays could explore expanding the distribution channels for IVOP to reach a broader audience of sophisticated traders. This could involve partnerships with online brokerages, financial advisors, and institutional trading platforms. By making the ETN more accessible, Barclays can increase trading volume and market awareness. The timeline for this expansion is medium-term, with potential partnerships established within the next 12-18 months.
- Development of Complementary Products: Barclays could develop complementary products that offer different levels of inverse exposure to VIX futures or incorporate other risk management strategies. This could include ETNs with leveraged exposure or those that track different segments of the VIX futures curve. By offering a suite of volatility products, Barclays can cater to a wider range of investor preferences and risk tolerances. The timeline for developing new products is long-term, with potential launches in the next 2-3 years.
- Strategic Partnerships with Trading Firms: Forming strategic partnerships with high-frequency trading firms and quantitative hedge funds can enhance liquidity and price discovery for IVOP. These firms can provide market-making services and contribute to tighter bid-ask spreads, making the ETN more attractive to traders. The timeline for establishing these partnerships is short-term, with potential agreements reached within the next 6-12 months.
- Leveraging Algorithmic Trading Platforms: Integrating IVOP into algorithmic trading platforms can automate trading strategies and improve execution efficiency for sophisticated investors. This allows traders to quickly respond to changes in market volatility and capitalize on short-term opportunities. By making the ETN more accessible to algorithmic traders, Barclays can increase trading volume and market participation. The timeline for this integration is medium-term, with platforms potentially incorporating IVOP within the next 12-18 months.
What Are IVOP's Competitive Advantages?
- First-mover advantage in offering inverse exposure to VIX futures.
- Established brand recognition and reputation of Barclays Bank PLC.
- Proprietary index tracking methodology.
- Liquidity and trading volume on major exchanges.
What Does IVOP Do?
The iPath Inverse S&P 500 VIX Short-Term Futures ETN (II), trading under the ticker IVOP, is an exchange-traded note (ETN) that provides investors with inverse exposure to the S&P 500 VIX Short-Term Futures Index. Unlike an exchange-traded fund (ETF), an ETN is a debt security issued by a financial institution, in this case, Barclays Bank PLC. The ETN's return is linked to the performance of the underlying index, less investor fees. IVOP is designed for sophisticated investors who seek to profit from periods of low volatility or when VIX futures prices are expected to decline. The ETN is not designed for long-term investment and is more suited for short-term trading strategies due to the potential for significant losses, especially during periods of increased market volatility. The value of IVOP is derived from the inverse performance of VIX futures contracts, which reflect market expectations of near-term volatility. As such, the ETN's performance is highly sensitive to changes in these expectations and the dynamics of the VIX futures market. The ETN is subject to credit risk, as its value depends on the issuer's ability to meet its debt obligations. IVOP is part of the broader category of volatility products, which have become increasingly popular among investors seeking to hedge their portfolios or speculate on market volatility.
What Products and Services Does IVOP Offer?
- Provides inverse exposure to the S&P 500 VIX Short-Term Futures Index.
- Allows investors to potentially profit from declining VIX futures prices.
- Offers a way to hedge portfolios against market volatility.
- Trades on major exchanges like other exchange-traded products.
- Is issued by Barclays Bank PLC as a debt security.
- Tracks the inverse performance of VIX futures contracts.
How Does IVOP Make Money?
- IVOP generates revenue through investor fees and trading activity.
- Barclays Bank PLC profits from issuing and managing the ETN.
- The ETN's value is linked to the performance of the S&P 500 VIX Short-Term Futures Index.
- Market makers and trading firms facilitate trading and provide liquidity.
What Industry Does IVOP Operate In?
iPath Inverse S&P 500 VIX Short-Term Futures ETN (II) operates within the asset management industry, specifically in the niche market of volatility products. These products have gained popularity as investors seek ways to hedge portfolios or speculate on market volatility. The competitive landscape includes other volatility-linked ETNs and ETFs, each with varying strategies and risk profiles. The market for volatility products is influenced by overall market conditions, investor sentiment, and macroeconomic factors. The asset management industry is subject to regulatory oversight and is characterized by increasing competition and fee pressures.
Who Are IVOP's Key Customers?
- Sophisticated investors seeking to profit from declining volatility.
- Hedge funds and institutional investors using volatility products for hedging.
- Day traders and short-term traders speculating on market movements.
- Financial advisors using volatility products in client portfolios.
Key Financial Metrics
Return on equity for iPath Inverse S&P 500 VIX Short-Term Futures ETN (II) stands at 0.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.0%, showing how much profit it generates from its asset base. IVOP trades at a trailing price-to-earnings ratio of 0.00, below the Financial Services sector average of ~18x. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 0.0%, the inverse of the P/E and a quick read on earnings relative to price.
IVOP Financials
Bull Case vs Bear Case
Bull Case
- Recent insider buying signals confidence in the product's long-term viability, suggesting a belief in future market volatility.
- Community sentiment has shifted positively, with discussions highlighting the potential of hedging strategies during uncertain times.
- Increased media coverage around market volatility has sparked interest in inverse products, potentially driving demand for IVOP.
- Recent trends show an uptick in investors seeking protection against market downturns, favoring products like IVOP.
Bear Case
- Concerns about the sustainability of demand for inverse products as market conditions stabilize could weigh on sentiment.
- Bearish community views are growing, with some arguing that current volatility may not sustain, reducing the need for hedging products.
- Recent discussions indicate a lack of enthusiasm among retail investors, who may prefer more traditional investment strategies.
- Market perception remains cautious, with doubts about the effectiveness of inverse ETFs in long-term strategies, leading to skepticism.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
IVOP Latest News
No recent news available for IVOP.
IVOP Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for IVOP.
Price Targets
Wall Street price target analysis for IVOP.
IVOP MoonshotScore
What does this score mean?
The MoonshotScore rates IVOP 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: None
Unknown
Since there is no specific CEO for this ETN, this section is not applicable. The iPath Inverse S&P 500 VIX Short-Term Futures ETN (II) is managed by Barclays Bank PLC, and its performance is governed by the terms of the offering documents and the underlying index methodology. Leadership is provided by the relevant teams within Barclays responsible for managing exchange-traded products.
Track Record: Since there is no specific CEO for this ETN, this section is not applicable. The performance of the iPath Inverse S&P 500 VIX Short-Term Futures ETN (II) is tracked against the S&P 500 VIX Short-Term Futures Index, and its success is measured by its ability to accurately replicate the inverse performance of the index, less investor fees. Barclays monitors the ETN's performance and makes adjustments as needed to maintain its tracking efficiency.
IVOP Financial Services Stock FAQ
What does iPath Inverse S&P 500 VIX Short-Term Futures ETN (II) do?
The iPath Inverse S&P 500 VIX Short-Term Futures ETN (II) (IVOP) is designed to provide investors with inverse exposure to the S&P 500 VIX Short-Term Futures Index. This means that the ETN aims to deliver returns that are the opposite of the index's performance on a daily basis, less fees and expenses.
What do analysts say about IVOP stock?
As an ETN, IVOP is not typically covered by traditional stock analysts in the same way as individual companies. However, financial analysts and market commentators often discuss volatility products and their role in portfolio management and trading strategies.
What are the main risks for IVOP?
The main risks for IVOP include the potential for rapid losses during periods of increased market volatility, the credit risk of the issuer (Barclays Bank PLC), and the complexities of VIX futures contracts. Because IVOP provides inverse exposure, its value can decline sharply when volatility spikes unexpectedly.
How does iPath Inverse S&P 500 VIX Short-Term Futures ETN (II) generate revenue?
iPath Inverse S&P 500 VIX Short-Term Futures ETN (II) itself does not directly generate revenue. Instead, Barclays Bank PLC, as the issuer of the ETN, generates revenue through the fees and expenses charged to investors for managing and maintaining the product. These fees are typically embedded in the ETN's daily performance and reduce the overall return to investors.
What regulatory challenges does iPath Inverse S&P 500 VIX Short-Term Futures ETN (II) face?
iPath Inverse S&P 500 VIX Short-Term Futures ETN (II) faces regulatory challenges related to the complexity and risk associated with volatility products. Regulators, such as the Securities and Exchange Commission (SEC), closely monitor these products to ensure that they are marketed appropriately and that investors understand the risks involved.
What are the key factors to evaluate for IVOP?
Evaluate IVOP on fundamentals, analyst consensus, and risk factors. IVOP offers a unique, albeit risky, opportunity for sophisticated investors to profit from declining VIX futures prices. Not financial advice.
How frequently does IVOP data refresh on this page?
IVOP's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven IVOP's recent stock price performance?
iPath Inverse S&P 500 VIX Short-Term Futures ETN (II) (IVOP) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Provides inverse exposure to VIX futures. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- The information provided is based on available data and general knowledge of the company and its industry.
- AI analysis is pending and may provide further insights.
- Investors should conduct their own due diligence before making any investment decisions.