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For over 20 years, our renowned SPIVA research has measured actively managed funds against their index benchmarks worldwide.
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The S&P 500® VIX® Short-Term Futures Points-Change Inverse Daily Index measures the return from a rolling short position in the front-month and second-month VIX futures contracts. The daily index return calculates based on the change in points (or units) of the VIX futures price rather than the percentage change.
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