AI
Tuesday, April 23, 2013 9:58:58 AM
I encourage you to start by reading this article from the SEC:
http://www.sec.gov/investor/pubs/leveragedetfs-alert.htm
And here's a great chart illustrating this point again:
As you can see, VXX dropped 16% during this time period. You would assume that XIV would have gained 16%, but instead is essentially flat. The magic of decay!
http://www.sec.gov/investor/pubs/leveragedetfs-alert.htm
And here's a great chart illustrating this point again:
As you can see, VXX dropped 16% during this time period. You would assume that XIV would have gained 16%, but instead is essentially flat. The magic of decay!
