Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
Upturn AI SWOT - About
REX VolMAXX Long VIX Futures Strat ETF (VMAX)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
04/01/2025: VMAX (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -11.4% | Avg. Invested days 42 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 739 | Beta - | 52 Weeks Range 29.43 - 61.50 | Updated Date 04/2/2025 |
52 Weeks Range 29.43 - 61.50 | Updated Date 04/2/2025 |
Upturn AI SWOT
REX VolMAXX Long VIX Futures Strat ETF
ETF Overview
Overview
The REX VolMAXX Long VIX Futures Strategy ETF (VMAX) seeks to provide long exposure to the VIX futures market, aiming to profit from increases in volatility. It invests primarily in VIX futures contracts with varying expiration dates.
Reputation and Reliability
While the issuer had other volatility products, REX ETFs closed all of its ETFs on May 17th, 2019, so it is no longer an active ETF provider. Therefore, assessing its current reputation and reliability is irrelevant.
Management Expertise
Given that REX ETFs closed all its ETFs, including VMAX, in 2019, its management expertise is no longer relevant for this ETF.
Investment Objective
Goal
The primary investment goal of the REX VolMAXX Long VIX Futures Strategy ETF was to provide investors with exposure to the potential returns of investing in VIX futures.
Investment Approach and Strategy
Strategy: VMAX did not track a specific index but followed a strategy of rolling VIX futures contracts to maintain its long exposure.
Composition The ETF held primarily VIX futures contracts.
Market Position
Market Share: VMAX's market share in the volatility ETF sector was relatively small compared to established players, but given that it no longer exists, assessing current share is irrelevant.
Total Net Assets (AUM): The Total Net Assets of ETF REX VolMAXX Long VIX Futures Strat ETF at time of closure were not available.
Competitors
Key Competitors
- VXX
- UVXY
- TVIX
Competitive Landscape
The volatility ETF industry is highly competitive, with several established players. VMAX aimed to differentiate itself through its strategy, but it faced challenges in attracting significant assets and competing with larger, more liquid ETFs. Its demise highlights the difficulties in the space and the need for a well-defined competitive advantage to thrive.
Financial Performance
Historical Performance: Historical performance data is unavailable as the ETF has been closed since 2019.
Benchmark Comparison: Comparison to benchmark data is unavailable as the ETF has been closed since 2019.
Expense Ratio: Expense Ratio at closure was not available
Liquidity
Average Trading Volume
Average Trading Volume data is unavailable as the ETF has been closed since 2019.
Bid-Ask Spread
Bid-Ask Spread data is unavailable as the ETF has been closed since 2019.
Market Dynamics
Market Environment Factors
The ETF's performance was highly sensitive to market volatility, economic conditions, and investor sentiment. Changes in any of these factors would significantly impact the price of VIX futures and, consequently, the ETF's value.
Growth Trajectory
The ETF's growth trajectory was limited by its relatively high volatility and the complexities of VIX futures investing. Its closure indicates that the ETF was unable to achieve sustainable growth in a volatile market.
Moat and Competitive Advantages
Competitive Edge
The REX VolMAXX Long VIX Futures Strat ETF attempted to offer investors a leveraged approach to capitalize on rising volatility. However, it struggled to differentiate itself effectively in a crowded market. Its competitive edge was hampered by complexities associated with VIX futures investing and the impact of contango on returns, and high management fees, relative to similar products, did not attract enough capital to keep it viable.
Risk Analysis
Volatility
Being a VIX futures product, VMAX experienced high volatility, making it unsuitable for risk-averse investors.
Market Risk
The ETF was subject to significant market risk due to its exposure to VIX futures. Changes in market volatility, economic conditions, and investor sentiment all had a significant impact on the ETF's value.
Investor Profile
Ideal Investor Profile
The ideal investor for VMAX was a sophisticated investor with a high-risk tolerance who understood the complexities of VIX futures and their potential for significant losses.
Market Risk
REX VolMAXX Long VIX Futures Strat ETF was best suited for active traders seeking short-term exposure to market volatility and less appropriate for long-term investors or passive index followers.
Summary
REX VolMAXX Long VIX Futures Strategy ETF (VMAX) was designed to provide long exposure to the VIX futures market, aiming to profit from increases in volatility. It closed in 2019 due to challenges in attracting assets and competition from larger, more liquid ETFs. The ETF's performance was highly sensitive to market volatility, economic conditions, and investor sentiment. It was only suitable for sophisticated investors with a high-risk tolerance, and its closure highlights the challenges in this investment space.
Similar Companies
Sources and Disclaimers
Data Sources:
- SEC filings, ETF provider websites, Financial news sources
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Investment in ETFs involves risk, including the potential loss of principal. Past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About REX VolMAXX Long VIX Futures Strat ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund generally invests at least 80% of its assets in securities of the index and in depositary receipts representing securities of the index.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.