Clearly, this is not your typical buy-and-hold ETF. However, UVXY has one key advantage: it performs extraordinarily well when the broad stock market tanks. This is the case because the ETF ...

With the VIX sinking, inverse volatility ETFs like SVIX are posting gains (up 6% as of writing), while long-volatility plays like VXX, VIXY, and UVXY are seeing declines of 6.22%, 6.41% ...

VIXY, VIXM, VXX, VXZ for short-term plays, SVIX for inverse volatility, UVXY for aggressive traders. Today's drop means gains for SVIX and declines for VXX, VIXY, and UVXY.