XIV has only existed since November 2010, so we are dependent on simulations for guesses on its performance before that. The index that XIV is based on goes back into the 2005 time frame, so I have the data I need to backtest XIV for the 2008 crash. My simulations show a close match to actual XIV values (see this post) so I have …
UPDATE Credit Suisse terminated XIV due to a greater than 80% drop in its indicative value on 5-Feb-2018. The final payout was $5.99 per share. The last day of trading was the 15th of February 2018. In the prospectuses for XIV, there are some disconcerting discussions about termination events. For XIV the termination event is triggered if the daily percentage drop exceeds 80%. I did …
