What’s the Y-T-D Change?

Throughout the year I often am asked the question – “what is the year-to-date change?” for a particular index or stock. Over the next week you probably will read some year-end wrap-ups that present the final % changes for the year 2012.  The year-to-date % changes for numerous securities, commodities and indexes are shown below. CBOE Holdings’ exchanges offer options and futures to help you manage the risk and exposure to many of the items listed.

OPTIONS-BASED BENCHMARK INDEXES

All 12 of the CBOE’s options-based benchmark indexes listed below have risen so far in 2012. Factors that facilitated the rise in some of the indexes included the facts that many US stock indexes rose this year and many of CBOE’s volatility indexes fell this year. The buywrite indexes took in options premium every month in order to help smooth out returns with less volatility than related stock indexes.

% change year-to-date through Dec. 26

34.6% VPD – CBOE VIX Premium Strategy Index www.cboe.com/VPD

31.8% VPN – CBOE Capped VIX Premium Strategy Index www.cboe.com/VPN

15.5% VTY – CBOE S&P 500 VARB-X Strategy Benchmark www.cboe.com/VTY

 9.7% BXY – CBOE S&P 500 2% OTM BuyWrite www.cboe.com/BXY

 8.1% BXR – CBOE Russell 2000 BuyWrite Index www.cboe.com/BXR

 7.7% PUT – CBOE S&P 500 PutWrite Index www.cboe.com/PUT

 6.6% CLL – CBOE S&P 500 95-110 Collar Index www.cboe.com/CLL

 4.8% BXM – CBOE S&P 500 BuyWrite Index www.cboe.com/BXM

 4.4% LOVOL- CBOE Low Volatility Index www.cboe.com/LOVOL

 4.2% BXD – CBOE DJIA BuyWrite Index www.cboe.com/BXD

 4.2% VXTH – CBOE VIX Tail Hedge Index www.cboe.com/VXTH

 2.7% BXN – CBOE Nasdaq BuyWrite Index www.cboe.com/BXN

 

VOLATILITY INDEXES (RELATED TO STOCK INDEXES)

Many people have commented to me that they are surprised that the VIX levels and the realized volatility of the stock indexes have been at such low levels in recent months. Both VIX futures and VIX options have had record volume years in 2012.

% change year-to-date through Dec. 26th

-8.4% VXN – CBOE NASDAQ Volatility Index www.cboe.com/VXN

-16.2% VXD – CBOE DJIA Volatility Index www.cboe.com/VXD

-16.8% VIX® – CBOE Volatility Index® www.cboe.com/VIX

-18.9% VXO – CBOE S&P 100 Volatility Index www.cboe.com/VXO

-30.4% RVX – CBOE Russell 2000 Volatility Index www.cboe.com/RVX

 

GLOBAL STOCK ETFs and RELATED VOLATILITY INDEXES

% change year-to-date through Dec. 26th

 

 14.1% EEM – iShares MSCI Emerging Markets Index ETF                             

 13.2% FXI – iShares FTSE China 25 Index ETF                     

– 3.9% EWZ – iShares MSCI Brazil Index ETF                        

-27.8% VXFXI – CBOE China ETF Volatility Index www.cboe.com/VXFXI

-33.7% VXEEM – CBOE Emerging Markets ETF Volatility Index www.cboe.com/VXEEM

-35.1% VXEWZ – CBOE Brazil ETF Volatility Index – www.cboe.com/VXEWZ

 

SINGLE STOCKS and RELATED VOLATILITY INDEXES

% change year-to-date through Dec. 26th

 

 43.6% Amazon                              

 40.6% Goldman Sachs                

 26.7% Apple                   

 21.1% VXAPL – CBOE Equity VIX® on Apple www.cboe.com/VXAPL

9.7% Google                

4.4% IBM                       

-10.5% VXGOG – CBOE Equity VIX® on Google www.cboe.com/VXGOG

-16.1% VXAZN – CBOE Equity VIX® on Amazon www.cboe.com/VXAZN

-17.3% VXIBM -CBOE Equity VIX® on IBM www.cboe.com/VXIBM

-21.5% VXGS – CBOE Equity VIX® on Goldman Sachs www.cboe.com/VXGS

 

SPOT COMMODITY PRICES, COMMODITY-RELATED ETFs, and RELATED VOLATILITY INDEXES

% change year-to-date through Dec. 26th

 

7.8% Silver Spot $/oz                

7.7% SLV – iShares Silver Trust ETF                      

6.1% Gold Spot $/oz                 

5.8% GLD – SPDR Gold Trust ETF                          

5.7% Palladium Spot $/oz                       

– 7.9% Crude Oil Spot (WTI Cushing) $/barrel                   

-13.0% USO – US Oil Fund ETF                   

-17.6% VXGDX – CBOE Gold Miners ETF Volatility Index www.cboe.com/VXGDX

-25.0% VXXLE – CBOE Energy Sector ETF Volatility Index www.cboe.com/VXXLE

-25.8% OVX – CBOE Crude Oil Volatility Index www.cboe.com/OVX

-38.6% VXSLV – CBOE Silver ETF Volatility Index www.cboe.com/VXSLV

-41.7% GVZ – CBOE Gold Volatility Index www.cboe.com/GVZ

Matt Moran