VXX历年涨跌幅统计表

「再見，2020。你好，2021。」

我們在「花錢消災，收錢擋煞」這篇文章中提過，只要是連結VIX期貨的標的，就無可避免的會受到期貨正價差收斂的影響。身為VIX系列的老大哥VXX當然也是如此，下圖即為2008-2020間VXX的各期間漲跌幅：

我將每日收盤價進行了日報酬率累積加總(accumulated daily return)的處理，可以想像成每日自動進行重置(Rebalance)，為的是忠實反應漲跌幅的程度，而非單純的【期末收盤價-期初收盤價 / 期初收盤價】的算法，所以表中出現累積跌幅「超過100%」是正常現象。

VXX各期間漲跌幅

從表中我們可以看到 2020年 是2008年以來第4個 VXX單年度上漲的年份，也是漲幅最大的年份(主要歸功於2020第1季刷下歷史最高的單季漲幅)，加上2018、2019、2020這三個年度裡就有兩個年度 VXX是大漲的，很容易讓初學者「誤以為」VIX商品可以買進後長期持有，等待暴漲的那天。

事實上，以過去13個年度的數據紀錄，VXX是「符合理論」的跌多漲少，每年平均下跌幅度為-36%，若期待2021的VXX還能再複製2020的走勢恐怕難度是比較高的。鑑古知今，新年的第一天提供歷年資料給大家參考參考，預祝大夥2021年都能延續2020年的好手氣，績效長紅，繼續賺個盆滿缽滿！ [梭哈] [梭哈] [梭哈]

$短期VIX期货ETN(VXX)$ $1.5倍做多波动率指数短期期货ETF-ProShares(UVXY)$ $标普500(.SPX)$

我的小调研

产品使用感想，到店吃喝感受，生活中的接触，以及公司调研，实地考察，都可以展开讲讲

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

精彩评论

上了飞机老师
2021-01-03
上了飞机老师
写得好，谢谢提示，这保险我准备拿到月中才撤。
- 波动拳:
  好呀！才剛說完昨晚保險立刻出險理賠[得意]
AAPL不是APPL
2021-02-01
AAPL不是APPL
学习学习
CcFeng
2021-01-02
CcFeng
Thx~
- 波动拳:
  多謝支持[强][强][强]
复兴计划
2021-01-02
复兴计划
好文
- 波动拳:
  多謝[开心]

发表看法

7

12

3

{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":331824819,"tweetId":"331824819","gmtCreate":1609515251531,"gmtModify":1703739698514,"author":{"id":3570159111720665,"authorId":3570159111720665,"authorIdStr":"3570159111720665","name":"波动拳","avatar":"https://static.tigerbbs.com/8f5aaba3f34b20cf804a609b11ea6a56","vip":2,"userType":2,"introduction":"人性是交易的内生变量，而波动率则是不断重演人性的定番剧。","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"starInvestorFlag":false},"themes":[{"themeId":"4d6f8b84ab8f4c3690df1070783cfbe7","categoryId":"b76d3c59fc044df59779c041b25852a6","name":"我的小调研","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":4d6f8b84ab8f4c3690df1070783cfbe7}&rnconfig={\"headerBarHidden\": true}","description":"产品使用感想，到店吃喝感受，生活中的接触，以及公司调研，实地考察，都可以展开讲讲","image":"https://static.tigerbbs.com/1eb09de8c25085f01614147cf1826366"}],"images":[{"img":"https://static.tigerbbs.com/9f3c6eed58bc6a88cde1f6ab0b9ac160","width":"434","height":"317"}],"coverImages":[{"img":"https://static.tigerbbs.com/9f3c6eed58bc6a88cde1f6ab0b9ac160","width":"434","height":"317"}],"title":"VXX历年涨跌幅统计表","extraTitle":"","html":"<html><head></head><body><h2>「再見，2020。你好，2021。」</h2><p>我們在<a href=\"https://laohu8.com/TW/330077878\" target=\"_blank\"><span>「花錢消災，收錢擋煞」</span></a>這篇文章中提過，只要是連結VIX期貨的標的，就無可避免的會受到期貨正價差收斂的影響。身為VIX系列的老大哥VXX當然也是如此，下圖即為2008-2020間VXX的各期間漲跌幅：</p><blockquote>\n 我將每日收盤價進行了日報酬率累積加總(accumulated daily return)的處理，可以想像成每日自動進行重置(Rebalance)，為的是忠實反應漲跌幅的程度，而非單純的【期末收盤價-期初收盤價 / 期初收盤價】的算法，所以表中出現累積跌幅「超過100%」是正常現象。\n</blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f3c6eed58bc6a88cde1f6ab0b9ac160\" tg-width=\"434\" tg-height=\"317\"><span>VXX各期間漲跌幅</span></p><p>從表中我們可以看到&nbsp;<strong>2020年&nbsp;</strong>是2008年以來第4個&nbsp;<strong>VXX單年度上漲的年份</strong>，也是<strong>漲幅最大的年份</strong>(主要歸功於2020第1季刷下歷史最高的單季漲幅)，加上2018、2019、2020這三個年度裡就有兩個年度 VXX是大漲的，很容易讓初學者「誤以為」VIX商品可以買進後長期持有，等待暴漲的那天。</p><p>事實上，以過去13個年度的數據紀錄，<strong>VXX是「符合理論」的跌多漲少</strong>，每年平均下跌幅度為-36%，若期待2021的VXX還能再複製2020的走勢恐怕難度是比較高的。鑑古知今，新年的第一天提供歷年資料給大家參考參考，預祝大夥2021年都能延續2020年的好手氣，績效長紅，繼續賺個盆滿缽滿！&nbsp;<span><span>[梭哈]</span></span>&nbsp;<span><span>[梭哈]</span></span>&nbsp;<span><span>[梭哈]</span></span>&nbsp;</p><p><a target=\"_blank\" href=\"https://laohu8.com/S/VXX\">$短期VIX期货ETN(VXX)$</a>&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/UVXY\">$1.5倍做多波动率指数短期期货ETF-ProShares(UVXY)$</a>&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/.SPX\">$标普500(.SPX)$</a>&nbsp;</p></body></html>","htmlText":"<html><head></head><body><h2>「再見，2020。你好，2021。」</h2><p>我們在<a href=\"https://laohu8.com/TW/330077878\" target=\"_blank\"><span>「花錢消災，收錢擋煞」</span></a>這篇文章中提過，只要是連結VIX期貨的標的，就無可避免的會受到期貨正價差收斂的影響。身為VIX系列的老大哥VXX當然也是如此，下圖即為2008-2020間VXX的各期間漲跌幅：</p><blockquote>\n 我將每日收盤價進行了日報酬率累積加總(accumulated daily return)的處理，可以想像成每日自動進行重置(Rebalance)，為的是忠實反應漲跌幅的程度，而非單純的【期末收盤價-期初收盤價 / 期初收盤價】的算法，所以表中出現累積跌幅「超過100%」是正常現象。\n</blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f3c6eed58bc6a88cde1f6ab0b9ac160\" tg-width=\"434\" tg-height=\"317\"><span>VXX各期間漲跌幅</span></p><p>從表中我們可以看到&nbsp;<strong>2020年&nbsp;</strong>是2008年以來第4個&nbsp;<strong>VXX單年度上漲的年份</strong>，也是<strong>漲幅最大的年份</strong>(主要歸功於2020第1季刷下歷史最高的單季漲幅)，加上2018、2019、2020這三個年度裡就有兩個年度 VXX是大漲的，很容易讓初學者「誤以為」VIX商品可以買進後長期持有，等待暴漲的那天。</p><p>事實上，以過去13個年度的數據紀錄，<strong>VXX是「符合理論」的跌多漲少</strong>，每年平均下跌幅度為-36%，若期待2021的VXX還能再複製2020的走勢恐怕難度是比較高的。鑑古知今，新年的第一天提供歷年資料給大家參考參考，預祝大夥2021年都能延續2020年的好手氣，績效長紅，繼續賺個盆滿缽滿！&nbsp;<span><span>[梭哈]</span></span>&nbsp;<span><span>[梭哈]</span></span>&nbsp;<span><span>[梭哈]</span></span>&nbsp;</p><p><a target=\"_blank\" href=\"https://laohu8.com/S/VXX\">$短期VIX期货ETN(VXX)$</a>&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/UVXY\">$1.5倍做多波动率指数短期期货ETF-ProShares(UVXY)$</a>&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/.SPX\">$标普500(.SPX)$</a>&nbsp;</p></body></html>","text":"「再見，2020。你好，2021。」 我們在「花錢消災，收錢擋煞」這篇文章中提過，只要是連結VIX期貨的標的，就無可避免的會受到期貨正價差收斂的影響。身為VIX系列的老大哥VXX當然也是如此，下圖即為2008-2020間VXX的各期間漲跌幅： 我將每日收盤價進行了日報酬率累積加總(accumulated daily return)的處理，可以想像成每日自動進行重置(Rebalance)，為的是忠實反應漲跌幅的程度，而非單純的【期末收盤價-期初收盤價 / 期初收盤價】的算法，所以表中出現累積跌幅「超過100%」是正常現象。 VXX各期間漲跌幅 從表中我們可以看到 2020年 是2008年以來第4個 VXX單年度上漲的年份，也是漲幅最大的年份(主要歸功於2020第1季刷下歷史最高的單季漲幅)，加上2018、2019、2020這三個年度裡就有兩個年度 VXX是大漲的，很容易讓初學者「誤以為」VIX商品可以買進後長期持有，等待暴漲的那天。 事實上，以過去13個年度的數據紀錄，VXX是「符合理論」的跌多漲少，每年平均下跌幅度為-36%，若期待2021的VXX還能再複製2020的走勢恐怕難度是比較高的。鑑古知今，新年的第一天提供歷年資料給大家參考參考，預祝大夥2021年都能延續2020年的好手氣，績效長紅，繼續賺個盆滿缽滿！ [梭哈] [梭哈] [梭哈] $短期VIX期货ETN(VXX)$ $1.5倍做多波动率指数短期期货ETF-ProShares(UVXY)$ $标普500(.SPX)$","highlighted":1,"essential":2,"paper":2,"likeSize":12,"commentSize":7,"repostSize":3,"favoriteSize":0,"link":"https://laohu8.com/post/331824819","repostId":0,"isVote":1,"tweetType":1,"viewCount":11255,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["VXX","UVXY",".SPX"],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":1024,"xxTargetLangEnum":"ZH_CN"},"commentList":[{"id":3266654,"gmtCreate":1609638192235,"gmtModify":1609638192235,"authorId":3562670436825511,"author":{"id":3562670436825511,"authorId":3562670436825511,"name":"上了飞机老师","avatar":"https://static.tigerbbs.com/d1f05edd9e1dfe2801c7d5b00683313e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":331824819,"type":1,"supId":0,"prevId":0,"content":"写得好，谢谢提示，这保险我准备拿到月中才撤。","text":"写得好，谢谢提示，这保险我准备拿到月中才撤。","html":"写得好，谢谢提示，这保险我准备拿到月中才撤。","likeSize":1,"commentSize":1,"subComments":[{"id":3274789,"gmtCreate":1609798192511,"gmtModify":1609798192511,"authorId":3570159111720665,"author":{"id":3570159111720665,"authorId":3570159111720665,"name":"波动拳","avatar":"https://static.tigerbbs.com/8f5aaba3f34b20cf804a609b11ea6a56","vip":2,"hat":"https://static.tigerbbs.com/717a877921e5ed88700305c37737450d","crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":331824819,"type":1,"supId":3266654,"prevId":0,"content":"好呀！才剛說完昨晚保險立刻出險理賠[得意]","text":"好呀！才剛說完昨晚保險立刻出險理賠[得意]","html":"好呀！才剛說完昨晚保險立刻出險理賠[得意]"}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":3451935,"gmtCreate":1612160373421,"gmtModify":1612160373421,"authorId":3568546997852973,"author":{"id":3568546997852973,"authorId":3568546997852973,"name":"AAPL不是APPL","avatar":"https://static.tigerbbs.com/83891a360db1dbeb398adda811e6351b","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":331824819,"type":1,"supId":0,"prevId":0,"content":"学习学习","text":"学习学习","html":"学习学习","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":3265228,"gmtCreate":1609578928043,"gmtModify":1609586996566,"authorId":3569210425549443,"author":{"id":3569210425549443,"authorId":3569210425549443,"name":"CcFeng","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":331824819,"type":1,"supId":0,"prevId":0,"content":"Thx~","text":"Thx~","html":"Thx~","likeSize":1,"commentSize":1,"subComments":[{"id":3274790,"gmtCreate":1609798211971,"gmtModify":1609798211971,"authorId":3570159111720665,"author":{"id":3570159111720665,"authorId":3570159111720665,"name":"波动拳","avatar":"https://static.tigerbbs.com/8f5aaba3f34b20cf804a609b11ea6a56","vip":2,"hat":"https://static.tigerbbs.com/717a877921e5ed88700305c37737450d","crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":331824819,"type":1,"supId":3265228,"prevId":0,"content":"多謝支持[强][强][强]","text":"多謝支持[强][强][强]","html":"多謝支持[强][强][强]"}],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":3264323,"gmtCreate":1609555162752,"gmtModify":1609555162752,"authorId":3479156248791467,"author":{"id":3479156248791467,"authorId":3479156248791467,"name":"复兴计划","avatar":"https://static.tigerbbs.com/c10d2ba3aa6d31cda64398d07bf813cb","vip":1,"hat":"https://static.tigerbbs.com/d30fc324d24ff33075e053005564f0df","crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":331824819,"type":1,"supId":0,"prevId":0,"content":"好文","text":"好文","html":"好文","likeSize":0,"commentSize":1,"subComments":[{"id":3264377,"gmtCreate":1609556707033,"gmtModify":1609556707033,"authorId":3570159111720665,"author":{"id":3570159111720665,"authorId":3570159111720665,"name":"波动拳","avatar":"https://static.tigerbbs.com/8f5aaba3f34b20cf804a609b11ea6a56","vip":2,"hat":"https://static.tigerbbs.com/717a877921e5ed88700305c37737450d","crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":331824819,"type":1,"supId":3264323,"prevId":0,"content":"多謝[开心]","text":"多謝[开心]","html":"多謝[开心]"}],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/331824819"}