iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) 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 Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trades at $49.90 with AI Score 50/100 (Grade B). The iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) provides exposure to the… Market cap: $34.1M, Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Mar 18, 2026Analyst Coverage for VXZ: VXZ 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 VXZ against Financial Services peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
VXZ: the 3 scored disciplines are evenly split. Dominant signal: Ray Dalio 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.
iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) Financial Services Profile
iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) offers investors a way to access equity market volatility through CBOE Volatility Index futures, tracking the S&P 500 VIX Mid-Term Futures Index Total Return within the asset management sector, with a current market capitalization of $34.1M.
What Is the Investment Thesis for VXZ?
The iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) offers a specialized investment vehicle for those seeking to capitalize on anticipated fluctuations in market volatility. With a beta of -0.99, VXZ demonstrates an inverse correlation to the broader market, potentially serving as a hedge during periods of market downturn. However, the absence of dividends and the complexities associated with volatility-based products necessitate a thorough understanding of the underlying index and the ETN structure. The primary value driver is the accuracy of predicting volatility spikes, making it a tactical tool rather than a long-term investment. Key catalysts include macroeconomic uncertainty and geopolitical events that typically trigger market volatility. Investors should closely monitor VIX futures prices and the overall market sentiment to gauge potential entry and exit points. The ETN's value is also influenced by the creditworthiness of the issuing institution, adding another layer of risk to consider.
Based on FMP financials and quantitative analysis
VXZ Key Highlights
Market Cap: $0.04B, indicating a relatively small size and potential for volatility.
- Beta: -0.99, suggesting an inverse correlation with the broader market, which may offer hedging opportunities.
- Dividend Yield: None, meaning investors will not receive income from dividends.
- Exposure to S&P 500 VIX Mid-Term Futures Index Total Return, providing a direct link to market volatility.
- ETN structure introduces credit risk of the issuing institution, which investors may want to evaluate.
Who Are VXZ's Competitors?
VXZ is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| CEFZ RiverNorth Active Income ETF | $8.31 | -0.48% | $41.0M | 44 |
| EGGY NestYield Dynamic Income ETF | $34.02 | +1.19% | $29.8M | 44 |
| HARD Simplify Commodities Strategy No K-1 ETF | $33.43 | +1.77% | $86.1M | 50 |
| KNCT Invesco Next Gen Connectivity ETF | $195.28 | +0.63% | $54.3M | — |
| NVDQ T-REX 2X Inverse NVIDIA Daily Target ETF | $9.55 | +0.58% | $18.1M | — |
| 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 VXZ's Key Strengths?
Provides direct exposure to market volatility.
- Offers a hedging tool for investors.
- Liquid and easily traded on major exchanges.
What Are VXZ's Weaknesses?
Subject to contango and decay.
- Does not pay dividends.
- Exposes investors to the credit risk of the issuing institution.
What Could Drive VXZ Stock Higher?
Geopolitical instability leading to market uncertainty.
- Macroeconomic data releases impacting market sentiment.
- Federal Reserve policy announcements affecting interest rates and inflation.
What Are the Key Risks for VXZ?
Decreased market volatility reducing demand for VXZ.
- Contango in VIX futures eroding returns.
- Credit risk of the issuing institution impacting the ETN's value.
- Regulatory changes affecting volatility-linked products.
What Are the Growth Opportunities for VXZ?
- Increased Market Volatility: Heightened geopolitical tensions and macroeconomic uncertainties could lead to increased market volatility, driving demand for VXZ as investors seek to hedge their portfolios. The market size for volatility-linked products is estimated to grow as investors become more risk-averse. This growth opportunity is ongoing as global events continue to influence market sentiment.
- Expansion of Volatility-Based Products: The asset management industry is continuously innovating, with new volatility-based products being introduced to cater to different risk profiles and investment strategies. VXZ could benefit from this trend by attracting investors looking for specialized exposure to mid-term VIX futures. The timeline for this growth opportunity is dependent on the pace of product innovation and investor adoption.
- Rising Interest in Alternative Investments: As traditional asset classes face challenges, investors are increasingly exploring alternative investments, including volatility-linked products. VXZ could capitalize on this trend by educating investors about the benefits and risks of investing in volatility. The market size for alternative investments is substantial, offering significant growth potential for VXZ.
- Strategic Partnerships: Collaborating with financial advisors and institutions to offer VXZ as part of a diversified portfolio could expand its reach and attract new investors. Strategic partnerships can provide access to a wider distribution network and enhance investor awareness. The timeline for this growth opportunity depends on the ability to forge successful partnerships.
- Enhanced Investor Education: Many investors lack a thorough understanding of volatility-linked products and their potential risks. By providing comprehensive educational resources, VXZ can attract more informed investors and build trust in its product. Investor education initiatives can include webinars, white papers, and interactive tools. The timeline for this growth opportunity is ongoing as VXZ continuously strives to improve investor understanding.
What Are VXZ's Competitive Advantages?
- First-mover advantage in offering exposure to mid-term VIX futures.
- Established track record and brand recognition in the volatility-linked product space.
- Liquidity and trading volume on major exchanges.
What Does VXZ Do?
The iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) is an exchange-traded note designed to provide investors with exposure to the S&P 500 VIX Mid-Term Futures Index Total Return. This index focuses on capturing the fluctuations in equity market volatility through the use of CBOE Volatility Index (VIX) futures contracts. Unlike traditional stocks or bonds, VXZ does not represent ownership in a company or a debt obligation. Instead, it is a debt security issued by a financial institution, promising to deliver the returns of the specified index, less applicable fees. VXZ provides a mechanism for investors to express their views on the future direction of market volatility without directly trading VIX futures. The ETN is designed for sophisticated investors who understand the complexities of volatility-based products and the potential risks involved. As an ETN, VXZ's performance is linked to the underlying index, making it sensitive to changes in VIX futures prices and market sentiment. The ETN structure also exposes investors to the credit risk of the issuing institution. VXZ is traded on major exchanges, providing liquidity for investors looking to enter or exit positions. The ETN is not designed for long-term investment and is more suited for short-term tactical trading strategies focused on volatility.
What Products and Services Does VXZ Offer?
- Provide exposure to the S&P 500 VIX Mid-Term Futures Index Total Return.
- Offer a way to invest in market volatility through CBOE Volatility Index futures.
- Allow investors to hedge against potential market downturns.
- Provide a tactical tool for short-term trading strategies.
- Track the performance of VIX futures contracts with a mid-term horizon.
- Offer a liquid investment vehicle traded on major exchanges.
How Does VXZ Make Money?
- Tracks the S&P 500 VIX Mid-Term Futures Index Total Return.
- Generates revenue through management fees and expenses charged to investors.
- Provides a mechanism for investors to access volatility without directly trading VIX futures.
What Industry Does VXZ Operate In?
The iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) operates within the asset management sector, specifically catering to investors seeking exposure to market volatility. The market for volatility-linked products has grown as investors look for ways to hedge their portfolios against market downturns and profit from periods of uncertainty. The competitive landscape includes other ETNs and ETFs that track volatility indices, such as CEFZ, EGGY, HARD, KNCT and NVDQ, each with its own nuances in terms of index construction, fees, and liquidity. The demand for volatility products is closely tied to overall market sentiment and macroeconomic conditions.
Who Are VXZ's Key Customers?
- Institutional investors seeking to hedge their portfolios.
- Hedge funds specializing in volatility trading.
- Sophisticated individual investors with a high-risk tolerance.
- Financial advisors looking to diversify client portfolios.
How iPath Series B S&P 500 VIX Mid-Term Futures ETN Is Valued
iPath Series B S&P 500 VIX Mid-Term Futures ETN carries a market capitalization of $34.1M, placing it in the micro-cap category. Relative to its peer group, VXZ's quantitative score of 50/100 is roughly in line with the peer average of 46/100.
Key Financial Metrics
Return on equity for iPath Series B S&P 500 VIX Mid-Term Futures ETN 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. VXZ 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.
VXZ Financials
Bull Case vs Bear Case
Bull Case
- Increased market volatility has led to heightened interest in VIX products, suggesting a potential uptick in demand for VXZ.
- Recent insider activity indicates confidence among key stakeholders, hinting at positive future expectations for the product.
- Social sentiment has shifted positively, with discussions around hedging strategies gaining traction among retail investors.
- Market developments, such as geopolitical tensions, have created an environment where volatility products like VXZ could thrive.
Bear Case
- Concerns about overreliance on volatility products have emerged, with some analysts warning of potential pitfalls in the long-term.
- Community sentiment shows caution, with some traders expressing skepticism about the sustainability of recent interest in VXZ.
- Negative market perceptions persist, particularly regarding the effectiveness of VIX products in prolonged downturns.
- Recent discussions have highlighted the risks associated with contango in futures markets, which could impact VXZ's performance negatively.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
VXZ Latest News
No recent news available for VXZ.
VXZ Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for VXZ.
Price Targets
Wall Street price target analysis for VXZ.
VXZ MoonshotScore
What does this score mean?
The MoonshotScore rates VXZ 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: None
CEO title
Unknown
Track Record: Unknown
Common Questions About VXZ (Financial Services)
What does the AI Score mean for VXZ?
VXZ holds an AI Score of 50/100 (Grade: B). This is an educational research signal, not a buy or sell recommendation. The iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) provides exposure to the S&P 500 VIX Mid-Term Futures Index Total Return. The index tracks equity market volatility through CBOE Volatility …
What does iPath Series B S&P 500 VIX Mid-Term Futures ETN do?
The iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) is designed to provide investors with exposure to the S&P 500 VIX Mid-Term Futures Index Total Return. This index tracks the expected volatility of the S&P 500 over a mid-term horizon by using a combination of VIX futures contracts.
What are the main risks for VXZ?
The iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) is subject to several risks inherent in volatility-linked products. One of the primary risks is contango, which occurs when the prices of future VIX contracts are higher than the spot price, leading to a drag on performance as the ETN rolls its positions.
What are the key factors to evaluate for VXZ?
iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) holds an AI score of 50/100 (moderate). Not financial advice.
How frequently does VXZ data refresh on this page?
VXZ'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 VXZ's recent stock price performance?
iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Provides direct exposure to market volatility. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider VXZ overvalued or undervalued right now?
iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) 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 VXZ before investing?
Before investing in iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ), 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).
Why might investors consider adding VXZ to a portfolio?
Key strength of iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ): Provides direct exposure to market volatility. Weigh rewards against risks and diversify. Not financial advice.
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 may be subject to change.
- Volatility-linked products are complex and involve significant risks.