VXX 주가 전망 및 ETF 분석 - 배당·운용보수·보유종목·NAV·RSI·MACD

VXX

iPath Series B S&P 500 VIX Short-Term FuturesTM ETN

7월 28일 1:49 PM ET (한국 7/29 02:49)

$22.21

-0.15 ▼ -0.67%

VXX ETF is analyzed across 10 metrics including expense ratio, holdings, sector allocation, dividends, RSI, and MACD.

Total Expense Ratio

0.89%

Annual operating cost

Net Assets (AUM)

$499M

약 6835억원

Holdings

2 items

Dividend Yield

Management Style

Passive

Category ⓘ	US Equities - Quant Strat	Asset Type ⓘ	Equities (Stocks)	Return% 1Y ⓘ	-47.77%	Total Holdings ⓘ	2	Perf Week ⓘ	0.41%
ETF Type ⓘ	US Equities	Active/Passive ⓘ	Passive	Return% 3Y ⓘ	-38.39%	AUM ⓘ	$499M	Perf Month ⓘ	-4.47%
Expense ⓘ	0.89%	NAV ⓘ	$22.34	Return% 5Y ⓘ	-46.04%	52W High ⓘ	-52.71%	Perf Quarter ⓘ	-25.44%
Dividend TTM ⓘ	-	Div Gr. 3/5Y ⓘ	-	Return% 10Y ⓘ	-	52W Low ⓘ	6.63%	Perf Half Y ⓘ	-16.28%
Flows% 1M ⓘ	4.7%	Flows% YTD ⓘ	-9.53%	Return% SI ⓘ	-40.04%	Volatility(W/M) ⓘ	3.12% 3.36%	Perf YTD ⓘ	-16.09%
SMA20 ⓘ	1.62%	SMA50 ⓘ	-6.13%	SMA200 ⓘ	-23.63%	RSI (14) ⓘ	47.71	Beta ⓘ	-1.97
IPO ⓘ	2018/1/18	Prev Close ⓘ	$22.36	Perf Year ⓘ	-47.53%	Avg Volume ⓘ	8.84M	Price ⓘ	$22.21

📊 iPath Series B S&P 500 VIX Short-Term FuturesTM ETN (VXX) Investment Analysis

ETF Overview

iPath Series B S&P 500 VIX Short-Term FuturesTM ETN · US Equities - Quant Strat

광범위 지수형 — 시총 버킷 미상의 광범위 지수 추종

2018년 상장, 8년 운영 중.

iPath Series B S&P 500 VIX Short-Term Futures ETN은 S&P 500 VIX Short-Term Futures Index TR의 성과에 연동된 수익을 목표로 합니다. 이 ETN은 VIX 지수 또는 현물 수준에 직접 노출이 아닌, VIX 지수에 대한 특정 만기의 선물 계약에 노출을 제공합니다. 이 지수는 CBOE 변동성 지수(VIX) 선물 계약의 하나 이상의 만기에 대한 노출을 제공하도록 설계되었습니다.

📘 VXX ETF 자세히 알아보기 →

U.S.futuresvolatility-indexvix

규모: $499M 약 6835억원
운용사: iPath (Barclays)
운용 방식: 패시브 (지수 추종)
상장일: 2018년

Cost Efficiency

Annual Expense Ratio · Category Rank · Long-Term Cost Impact

Above-average cost — 0.89% annually

Expense ratio is higher than the US Equities - Quant Strat median. Compare against similar ETFs.

Effective Annual Expense Ratio (Net Expense Ratio)

하위 25%

0.89%

My positionBottom 25%

Low range Average High range

Actual Cost Simulation by Investment Amount

$100.0M

Annual Expense Ratio

$890K

Pay $100K more per year vs. category average

Category Median Annual Cost

$790K

Based on expense ratio of 0.79%

10-Year Cumulative Expense Ratio (Long-term simulation assuming 7% annual market growth)

$15.8M

16.3% of returns you could have earned goes to the fund manager due to fees

💡 Because the expense ratio takes a slice of your assets every year, costs compound over 10 years and result in far greater losses than a simple sum (annual fee × 10). The 7% annual return assumption is based on the S&P 500's long-term average.

Defaults shown against $100K baseline portfolio. Adjust the slider to update the amount in real time.

Cheaper alternatives in the same category

CBOX

Calamos Tax-Aware Collateral ETF

0.14%

-0.75%p annually

XBOX

Roundhill Ultra Short Duration No Dividend Target ETF

0.14%

-0.75%p annually

SELV

SEI QiM U.S. Large Cap Low Volatility Active ETF

0.15%

-0.74%p annually

* A lower fee does not necessarily mean a better ETF. Consider the tracked index, liquidity, and tax treatment as well.

Long-Term Performance

1-year · 3-year · 5-year · 10-year returns · vs. benchmark · drawdown defense

Lower-tier returns in its category

Long-term returns trail the category average by a wide margin.-65.6%p vs. benchmark (SPY) over 1Y.

ℹ️ The "1Y·3Y·5Y·10Y" periods below represent annualized returns (CAGR) measured backward from today. Example: "3Y +12%" means the investment grew at a compounded 12% per year over the past three years.

If you had invested 5 year(s) ago

$100.0M

Today's value

$4.6M

→

Total loss

$-95,425,331

Annualized -46.0%

1 Year

2025.07 ~ 2026.07

Annualized -47.77%

하위 5%

Trailed the benchmark by 65.6%p annually

My positionBottom 5%

Low range Average High range

3 Years

2023.07 ~ 2026.07

Annualized -38.39% Cumulative -76.6%

하위 5%

Trailed the benchmark by 57.4%p annually

My positionBottom 5%

Low range Average High range

5 Years

2021.07 ~ 2026.07

Annualized -46.04% Cumulative -95.4%

하위 5%

Trailed the benchmark by 58.9%p annually

My positionBottom 5%

Low range Average High range

10Y

2016.07 ~ 2026.07

Listed 2018/1 — under 10 years

8Y Cumulative Total Return Curve

2018-01-25 start, based on a 100M KRW base — read the curve values directly as units of 100M KRW (e.g., 308 → 3.08억 / 308M KRW). Both this ETF and the benchmark are rebased to 100 on the same start date for comparison.

VXX · Price Only VXX · Price + Cumulative Dividends VXX · Dividend Reinvested S&P 500 (SPY)

100

200

300

ℹ️ Price Only: Excludes dividends and tracks pure stock price only. Covered-call and high-dividend ETFs often show a flat or declining line on this view, which is meaningful from a "principal preservation" standpoint. Price + Cumulative Dividend: Share count stays the same and received dividends are accumulated as cash. Closely matches your actual account total assets. Reinvested: Dividends are immediately used to buy additional shares (adjClose-based, the industry standard for total return). The wider the gap between the three lines, the easier it is to gauge the effectiveness of the dividend strategy.

Annual Return Comparison

ETF returns vs S&P 500 (SPY) by calendar year

VXX S&P 500 (SPY)

+80%

−80%

+70%

2018

-67%

2019

+16%

2020

-75%

2021

-21%

2022

-72%

2023

-26%

2024

-43%

2025

-15%

2026 YTD

ℹ️ Returns from January 1 to December 31 of each year. The current year (2026) column is dimmed to indicate YTD (incomplete). If blue is higher than gray, the ETF outperformed the benchmark in that year.

Win rate vs S&P 500 (SPY)

1 / 8Y

Lags behind benchmark (13%)

+ 2026 YTD: Behind (-14.9% vs 8.5%)

2018 ✓

2019 ✗

2020 ✗

2021 ✗

2022 ✗

2023 ✗

2024 ✗

2025 ✗

2026 ✗ YTD

ℹ️ Number of winning years versus S&P 500 (SPY) within a completed calendar year (1/1–12/31). The current year (YTD) is reported separately.

Downside Capture

🛡️ -383%

Falls less than the benchmark in drawdowns — strong downside protection

<85% (Defend) 85~110% (Track) >110% (Lag)

ℹ️ Average % drop of this ETF when S&P 500 (SPY) is −1%. Based on daily returns over the past 3 years (only days where the benchmark is negative).

Risk Profile

Volatility · Beta · Max Drawdown · Sharpe · Drawdown Recovery History

Overall Risk Grade

High Risk

Significantly more volatile than the market average. Invest only with money you can afford to keep invested for the long haul.

Beta (market sensitivity)

상위 5%

-1.97

If the market rises +10% -19.7%

If the market falls -10% +19.7%

My positionTop 5%

Low range Average High range

ℹ️ A beta of 1.0 moves in line with the market. Above 1 means it moves more than the market; below 1 means less.

Average daily range (last 1 month)

하위 5%

±3.36%

S&P 500 typically ±1.0~1.3% · Bond funds ±0.3% · Leveraged ETFs ±3% or more

Annual volatility trend (past 10 years)

ℹ️ This ETF's average daily price swing. 1% means "on average, moves about ±1% per day." The rolling curve below shows the annualized volatility (long-term standard measure) over time.

Max Drawdown · Past 10 years

-99.5%

Drawdown duration: 77 months

2020-03-18 → 2026-07-15

Still recovering

2018-01-25 Worst -99% 2026-07-01

ℹ️ Maximum drawdown is the largest peak-to-trough decline in the past. It represents the worst-case loss a long-term investor must psychologically endure.

Sharpe Ratio (Risk-Adjusted Return)

-0.59

Poor — Underperforms the risk-free rate

ℹ️ Annualized return minus the risk-free rate (3% annualized), divided by annualized volatility. A value above 1.0 is generally considered good risk-adjusted performance.

Estimated Monthly Maximum Loss (VaR 95%)

-23.9%

Historically, monthly losses exceeding this figure occurred only5%of the time.

ℹ️ A statistical estimate meaning "with 95% probability, monthly losses will not exceed this amount." The remaining 5% corresponds to crisis-level events such as financial crises or pandemics.

Overall investment appeal

What this ETF fits best — strengths, weaknesses, and target investor profile

Warrants a closer look Several metrics show warning signs. Compare it with similar ETFs before deciding.

🎯 목적별 적합도

내가 이 ETF를 어떤 목적으로 활용할 수 있는지 확인하세요.

🌳

장기 보유

수년 이상 꾸준히 모아갈 때

적합

💵

배당 인컴

매월·분기 현금흐름이 목적일 때

낮음

⚡

단기 트레이딩

며칠~몇 주 단기 방향성 매매

매우 낮음

🧩

포트폴리오 보조

자산 배분·헤지 용도

보통

👤

이런 분에게 어울려요

Long-term DCA and diversified investors

✅ 강점

뚜렷한 강점이 드러나지 않아요.

⚠️ 약점·주의사항

💸Expense ratio is somewhat high — 0.89% annually
📈Long-term returns are well below peers
⚠️Very high volatility — invest only with capital you can hold for the long term
🎯Trails benchmark by -58.9%p annually

Category Peers

Category: US Equities - Quant Strat

같은 카테고리 6종 중 AUM 1/6위 · 보수율 3/6위

카테고리: US Equities - Quant Strat

ℹ️ 왜 비교해야 하나요?

같은 카테고리 ETF끼리는 보수율·규모(AUM)·배당률을 비교해 볼 가치가 있어요. 보수율은 낮을수록 장기 수익에 유리하고, AUM이 크면 운용 안정성이 높아요. ▲ 표시는 VXX보다 유리, ▼ 표시는 VXX보다 불리를 뜻해요.

티커	ETF명	보수율	AUM	보유종목	배당률	YTD	1년
VXX	iPath Series B S&P 500 VIX Short-Term FuturesTM ETN	0.89%	$499M	2	-	-16.09%	-47.53%
QQQY	Defiance Nasdaq 100 Weekly Distribution ETF	1.01% ▼	$181M ▼	4	35.98%	-	-16.11% ▲
QGRD	Horizon Nasdaq-100 Defined Risk ETF	0.85% ▲	$99M ▼	9	-	-	+14.92% ▲
QXQ	SGI Enhanced Nasdaq-100 ETF	0.98% ▼	$89M ▼	43	1.06%	-	+20.44% ▲
WDTE	Defiance S&P 500 Weekly Distribution ETF	1.03% ▼	$65M ▼	4	32.50%	-	-15.58% ▲
PHDG	Invesco S&P 500 Downside Hedged ETF	0.39% ▲	$61M ▼	512	1.69%	-	+13.16% ▲

AUM 내림차순 정렬 · ▲ VXX보다 유리 · ▼ VXX보다 불리

Leveraged & Covered Call ETFs on the Same Theme

ETFs that approach the same theme with a different strategy

17 ETFs tracking the same theme as VXX using leveraged or covered call strategies (Leverage 8 · Inverse 8 · Covered Call 1)

Not direct derivatives of VXX, but ETFs that cover the same theme via a different strategy.

ℹ️ Which ETFs are included?

Among ETFs whose theme (category or sector) overlaps with VXX, some use special strategies. Leveraged ETFs aim for 2–3× the daily move, Inverse ETFs seek opposite-direction returns, and Covered Call ETFs generate monthly income from option premiums.

⚠️ Caution: Long-Term Holding

Leveraged and inverse ETFs track only the daily return. With high volatility, holding them for longer periods causes cumulative volatility decay—returns diverge further from the underlying index. They are meant for short-term trading.

📈 Leverage 8 ETFs that amplify the same theme by 2-3x (high volatility)