VelocityShares Daily Inverse VIX Medium-Term ETN (ZIV) 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.
VelocityShares Daily Inverse VIX Medium-Term ETN (ZIV) trades at $28.91 with AI Score 44/100 (Grade C). VelocityShares Daily Inverse VIX Medium-Term ETN (ZIV) is an exchange-traded note designed to provide the inverse of the… Market cap: $37.6M, Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Mar 18, 2026Analyst Coverage for ZIV: ZIV 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 ZIV against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
ZIV: the 3 scored disciplines are evenly split. Dominant signal: Izzy Englander bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
VelocityShares Daily Inverse VIX Medium-Term ETN (ZIV) Financial Services Profile
VelocityShares Daily Inverse VIX Medium-Term ETN (ZIV) provides investors with a way to inversely track the S&P 500 VIX Mid-Term Futures index, offering exposure to the implied volatility of the S&P 500. As an ETN, it carries unique risks and rewards compared to traditional ETFs or direct investments.
What Is the Investment Thesis for ZIV?
ZIV offers a mechanism for sophisticated investors to inversely track the S&P 500 VIX Mid-Term Futures index, capitalizing on anticipated decreases in market volatility. With a beta of -0.40, ZIV demonstrates an inverse correlation to the broader market, potentially serving as a hedge in certain portfolios. However, the ETN structure introduces credit risk and the daily reset mechanism can lead to significant deviations from the index's long-term performance. The value proposition hinges on accurately predicting short-term volatility trends, making it a high-risk, high-reward instrument suitable for experienced traders with a deep understanding of volatility dynamics. The ETN's market cap is $0.04B as of 2026-03-18.
Based on FMP financials and quantitative analysis
ZIV Key Highlights
ZIV tracks the inverse daily performance of the S&P 500 VIX Mid-Term Futures index.
- The ETN structure introduces credit risk as it is an obligation of the issuing institution.
- ZIV has a beta of -0.40, indicating an inverse correlation with the broader market.
- The ETN is designed for sophisticated investors seeking short-term exposure to volatility movements.
- As of 2026-03-18, ZIV has a market capitalization of $37.6M.
Who Are ZIV's Competitors?
ZIV is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| CALY Callaway Golf Company | $15.93 | -1.30% | $2.86B | 83 |
| CLSA Cabana Target Leading Sector Aggressive ETF | $19.38 | -0.15% | $38.8M | 44 |
| IEIH iShares Evolved U.S. Innovative Healthcare ETF | $34.13 | -0.00% | $36.8M | 44 |
| JANW AllianzIM U.S. Equity Buffer20 Jan ETF | $39.27 | -0.13% | $348M | 47 |
| JJC iPath Series B Bloomberg Copper Subindex Total Return ETN | $19.56 | +1.24% | $38.5M | 44 |
| BCG Binah Capital Group, Inc. | $1.40 | +0.72% | $23.5M | 78 |
| EEA The European Equity Fund, Inc. | $11.15 | -0.59% | $74.7M | 67 |
| HNNA Hennessy Advisors, Inc. | $9.89 | -1.30% | $78.2M | 81 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are ZIV's Key Strengths?
Provides inverse exposure to VIX futures.
- Offers a tool for hedging against market volatility.
- Liquid and easily tradable on exchanges.
What Are ZIV's Weaknesses?
ETN structure introduces credit risk.
- Daily reset mechanism can lead to significant deviations from long-term index performance.
- Complex product requiring sophisticated understanding.
What Could Drive ZIV Stock Higher?
Potential for increased market volatility due to geopolitical events.
- Continued investor demand for hedging tools.
- Growing awareness of volatility-linked products among sophisticated investors.
What Are the Key Risks for ZIV?
Credit risk associated with the ETN structure.
- Daily reset mechanism can lead to significant deviations from long-term index performance.
- Changes in VIX futures market structure.
- Increased competition from similar volatility-linked products.
- Regulatory changes impacting ETNs.
What Are the Growth Opportunities for ZIV?
- Increased Volatility Trading: Heightened market volatility, driven by geopolitical events or economic uncertainty, can increase demand for ZIV as investors seek to hedge their portfolios or speculate on volatility movements. The market for volatility-linked products is directly correlated to the level of market turbulence, creating opportunities for increased trading volume and asset growth. This is an ongoing opportunity.
- Sophisticated Investor Education: Expanding educational resources and marketing efforts targeted at sophisticated investors can increase awareness and understanding of ZIV's unique characteristics and potential applications. By clarifying the risks and rewards associated with inverse volatility tracking, the issuer can attract a wider pool of informed traders. This is an ongoing opportunity.
- Product Innovation: Developing variations of volatility-linked ETNs with different risk profiles or exposure strategies can cater to a broader range of investor preferences. For example, introducing a leveraged version of ZIV or an ETN that tracks a different segment of the volatility curve could attract new capital. This is an ongoing opportunity.
- Strategic Partnerships: Collaborating with trading platforms and financial advisors to integrate ZIV into their offerings can expand its distribution network and reach a larger audience. By partnering with established players in the financial industry, the issuer can leverage their expertise and customer base to drive growth. This is an ongoing opportunity.
- Global Expansion: Exploring opportunities to list ZIV on international exchanges can tap into new markets and diversify the investor base. By expanding its geographic reach, the issuer can reduce its reliance on a single market and increase its overall trading volume. This is an ongoing opportunity.
What Are ZIV's Competitive Advantages?
- Specialized product offering: ZIV provides a specific and unique way to inversely track volatility.
- Established index tracking: The S&P 500 VIX Mid-Term Futures index is a well-known benchmark.
- Liquidity: ZIV offers liquidity for investors seeking to trade volatility.
What Does ZIV Do?
VelocityShares Daily Inverse VIX Medium-Term ETN (ZIV) is designed to track the inverse daily performance of the S&P 500 VIX Mid-Term Futures index. This index provides exposure to various maturities of futures contracts on the VIX, which is a measure of the implied volatility of the S&P 500 Index. The VIX calculation is based on the prices of put and call options on the S&P 500 Index, reflecting market expectations of future volatility. ZIV, as an Exchange Traded Note (ETN), is linked to the daily inverse return of the index and does not represent a direct investment in the inverse of the VIX itself. The ETN structure introduces credit risk as it is an obligation of the issuing institution. ZIV is designed for sophisticated investors seeking short-term exposure to volatility movements and is not intended as a long-term investment vehicle. The ETN is subject to daily resets, which can lead to significant deviations from the index's long-term performance due to the effects of compounding.
What Products and Services Does ZIV Offer?
- Tracks the inverse daily performance of the S&P 500 VIX Mid-Term Futures index.
- Provides exposure to futures contracts on the VIX, reflecting implied volatility of the S&P 500 Index.
- Offers a way for investors to inversely track market volatility.
- Functions as an Exchange Traded Note (ETN), subject to credit risk.
- Resets daily, which can lead to deviations from long-term index performance.
- Is designed for sophisticated investors seeking short-term exposure to volatility movements.
How Does ZIV Make Money?
- Generates revenue through fees associated with managing the ETN.
- Offers a mechanism for investors to inversely track the S&P 500 VIX Mid-Term Futures index.
- Provides liquidity for investors seeking to trade volatility.
What Industry Does ZIV Operate In?
The asset management industry is characterized by a diverse range of investment vehicles, including ETFs and ETNs, catering to various risk appetites and investment strategies. The market for volatility-linked products like ZIV is driven by investor demand for hedging tools and speculative instruments. These products are influenced by macroeconomic factors, market sentiment, and regulatory changes. Competition in this space includes firms offering similar volatility-based products, each with its own nuances in index tracking and fee structures. The growth of fintech and algorithmic trading has also impacted the industry, increasing the accessibility and trading volume of these complex instruments.
Who Are ZIV's Key Customers?
- Sophisticated investors
- Hedge funds
- Proprietary trading firms
- Institutional investors seeking to hedge portfolios
How VelocityShares Daily Inverse VIX Medium-Term ETN Is Valued
Relative to its peer group, ZIV's quantitative score of 44/100 is roughly in line with the peer average of 52/100.
ZIV Financials
Bull Case vs Bear Case
Bull Case
- Recent insider purchases suggest confidence in the long-term strategy of the fund, indicating a belief in the potential for market volatility to stabilize.
- Community sentiment has shifted positively, with discussions focusing on the potential for a market rebound and reduced volatility in the coming months.
- Increased interest in hedging strategies among traders points to a growing recognition of the value of inverse volatility products like ZIV.
- Recent market developments indicate a possible easing of inflation concerns, which could lead to a more stable environment for equities and a favorable backdrop for ZIV.
Bear Case
- Concerns over the overall economic outlook persist, with fears of a potential recession dampening investor sentiment towards volatility products.
- Social media sentiment has shown mixed feelings, with some traders expressing skepticism about the effectiveness of inverse volatility strategies in current market conditions.
- Increased market volatility could lead to heightened demand for traditional VIX products, putting pressure on ZIV as an inverse vehicle.
- Recent regulatory scrutiny on ETNs has raised questions about the future viability of products like ZIV, causing some investors to reconsider their positions.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
ZIV Latest News
No recent news available for ZIV.
ZIV Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ZIV.
Price Targets
Wall Street price target analysis for ZIV.
ZIV MoonshotScore
What does this score mean?
The MoonshotScore rates ZIV 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
VelocityShares Daily Inverse VIX Medium-Term ETN Financial Services Stock: Key Questions Answered
What does the AI Score mean for ZIV?
ZIV holds an AI Score of 44/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. VelocityShares Daily Inverse VIX Medium-Term ETN (ZIV) is an exchange-traded note designed to provide the inverse of the daily performance of the S&P 500 VIX Mid-Term Futures index. The index …
What does VelocityShares Daily Inverse VIX Medium-Term ETN do?
VelocityShares Daily Inverse VIX Medium-Term ETN (ZIV) is an exchange-traded note designed to provide the inverse of the daily performance of the S&P 500 VIX Mid-Term Futures index. This index offers exposure to various maturities of futures contracts on the VIX, which is a measure of the implied volatility of the S&P 500 Index.
What do analysts say about ZIV stock?
As an ETN, ZIV is not typically covered by traditional stock analysts in the same way as equities. Its performance is directly linked to the S&P 500 VIX Mid-Term Futures index, and its value is influenced by market volatility and investor sentiment. Key considerations include the ETN's expense ratio, tracking error, and the creditworthiness of the issuing institution.
What are the main risks for ZIV?
The main risks for ZIV include credit risk associated with the ETN structure, as the ETN is an obligation of the issuing institution. The daily reset mechanism can lead to significant deviations from the long-term performance of the S&P 500 VIX Mid-Term Futures index. Changes in VIX futures market structure and increased competition from similar volatility-linked products also pose risks.
What are the key factors to evaluate for ZIV?
VelocityShares Daily Inverse VIX Medium-Term ETN (ZIV) holds an AI score of 44/100 (low). ZIV offers a mechanism for sophisticated investors to inversely track the S&P 500 VIX Mid-Term Futures index, capitalizing on anticipated decreases in market volatility. Not financial advice.
How frequently does ZIV data refresh on this page?
ZIV'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 ZIV's recent stock price performance?
VelocityShares Daily Inverse VIX Medium-Term ETN (ZIV) 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.
Should investors consider ZIV overvalued or undervalued right now?
VelocityShares Daily Inverse VIX Medium-Term ETN (ZIV) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research ZIV before investing?
Before investing in VelocityShares Daily Inverse VIX Medium-Term ETN (ZIV), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
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
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- The information provided is based on available data and is for informational purposes only.
- Investors should conduct their own research and consult with a financial advisor before making any investment decisions.