Q: I currently own some VGCX as a market volatility hedge and due to my perception of its upward growth potentiality. Which of UVIX or UVXY would best complement VGCX as a volatility hedge in an otherwise sector and geographically diverse portfolio?
5i Research Answer:
We do not like leveraged ETF products due to their natural decay from derivatives. But to answer, we would consider UVXY a better product for the purposes outlined in the question.