http://vixandmore.blogspot.com/2009/10/why-vxx-is-not-good-short-term-or-long.html
Today, for instance, the VIX closed at 28.27 and VXX closed at 52.35. Back on June 9th, the VIX also closed at 28.28, yet on that day VXX closed at 74.26. That 29.5% drop in VXX while the VIX held steady is largely the result of negative roll yield â and is evidence that VXX is usually not viable as a long-term holding.
Today, for instance, the VIX closed at 28.27 and VXX closed at 52.35. Back on June 9th, the VIX also closed at 28.28, yet on that day VXX closed at 74.26. That 29.5% drop in VXX while the VIX held steady is largely the result of negative roll yield â and is evidence that VXX is usually not viable as a long-term holding.
