Bill Luby's chart of YTD returns of the various VIX ETPs shows those with dynamic allocations...

|By:, SA News Editor

Bill Luby's chart of YTD returns of the various VIX ETPs shows those with dynamic allocations (VQT, XVA) or offsetting long and short volatility legs (XVIX) were able to manage gains in a brutal quarter. Also of interest are the inverse funds, whose gains were greater than the losses suffered by the long funds.