id	sid	tid	token	lemma	pos
fsr-3266	1	1	is	be	AUX
fsr-3266	1	2	a	a	DET
fsr-3266	1	3	vix	vix	NOUN
fsr-3266	1	4	etp	etp	PROPN
fsr-3266	1	5	an	an	DET
fsr-3266	1	6	investment	investment	NOUN
fsr-3266	1	7	in	in	ADP
fsr-3266	1	8	the	the	DET
fsr-3266	1	9	vix	vix	NOUN
fsr-3266	1	10	?	?	PUNCT
fsr-3266	2	1	r.	r.	PROPN
fsr-3266	2	2	parker	parker	PROPN
fsr-3266	2	3	clowersa	clowersa	PROPN
fsr-3266	2	4	,	,	PUNCT
fsr-3266	2	5	travis	travis	PROPN
fsr-3266	2	6	l.	l.	PROPN
fsr-3266	2	7	jonesb	jonesb	PROPN
fsr-3266	2	8	,	,	PUNCT
fsr-3266	2	9	*	*	PUNCT
fsr-3266	2	10	aauriemma	aauriemma	PROPN
fsr-3266	2	11	consulting	consulting	PROPN
fsr-3266	2	12	group	group	PROPN
fsr-3266	2	13	,	,	PUNCT
fsr-3266	2	14	inc	inc	PROPN
fsr-3266	2	15	.	.	PROPN
fsr-3266	2	16	,	,	PUNCT
fsr-3266	2	17	120	120	NUM
fsr-3266	2	18	broadway	broadway	NOUN
fsr-3266	2	19	,	,	PUNCT
fsr-3266	2	20	suite	suite	NOUN
fsr-3266	2	21	3401	3401	NUM
fsr-3266	2	22	,	,	PUNCT
fsr-3266	2	23	new	new	PROPN
fsr-3266	2	24	york	york	PROPN
fsr-3266	2	25	,	,	PUNCT
fsr-3266	2	26	ny	ny	PROPN
fsr-3266	2	27	10271	10271	NUM
fsr-3266	2	28	,	,	PUNCT
fsr-3266	2	29	usa	usa	PROPN
fsr-3266	2	30	blutgert	blutgert	PROPN
fsr-3266	2	31	college	college	PROPN
fsr-3266	2	32	of	of	ADP
fsr-3266	2	33	business	business	NOUN
fsr-3266	2	34	,	,	PUNCT
fsr-3266	2	35	florida	florida	PROPN
fsr-3266	2	36	gulf	gulf	PROPN
fsr-3266	2	37	coast	coast	PROPN
fsr-3266	2	38	university	university	PROPN
fsr-3266	2	39	,	,	PUNCT
fsr-3266	2	40	10501	10501	NUM
fsr-3266	2	41	fgcu	fgcu	NOUN
fsr-3266	2	42	blvd	blvd	PROPN
fsr-3266	2	43	.	.	PUNCT
fsr-3266	3	1	south	south	PROPN
fsr-3266	3	2	,	,	PUNCT
fsr-3266	3	3	fort	fort	NOUN
fsr-3266	3	4	myers	myers	PROPN
fsr-3266	3	5	,	,	PUNCT
fsr-3266	3	6	fl	fl	PROPN
fsr-3266	3	7	33965	33965	NUM
fsr-3266	3	8	-	-	SYM
fsr-3266	3	9	6565	6565	NUM
fsr-3266	3	10	,	,	PUNCT
fsr-3266	3	11	usa	usa	PROPN
fsr-3266	3	12	abstract	abstract	PROPN
fsr-3266	3	13	this	this	DET
fsr-3266	3	14	article	article	NOUN
fsr-3266	3	15	examines	examine	VERB
fsr-3266	3	16	vix	vix	PROPN
fsr-3266	3	17	-	-	PUNCT
fsr-3266	3	18	based	base	VERB
fsr-3266	3	19	etps	etps	NOUN
fsr-3266	3	20	(	(	PUNCT
fsr-3266	3	21	exchange	exchange	NOUN
fsr-3266	3	22	traded	trade	VERB
fsr-3266	3	23	products	product	NOUN
fsr-3266	3	24	)	)	PUNCT
fsr-3266	3	25	and	and	CCONJ
fsr-3266	3	26	illustrates	illustrate	VERB
fsr-3266	3	27	that	that	SCONJ
fsr-3266	3	28	both	both	CCONJ
fsr-3266	3	29	the	the	DET
fsr-3266	3	30	return	return	NOUN
fsr-3266	3	31	and	and	CCONJ
fsr-3266	3	32	risk	risk	NOUN
fsr-3266	3	33	of	of	ADP
fsr-3266	3	34	these	these	DET
fsr-3266	3	35	products	product	NOUN
fsr-3266	3	36	are	be	AUX
fsr-3266	3	37	not	not	PART
fsr-3266	3	38	related	relate	VERB
fsr-3266	3	39	to	to	ADP
fsr-3266	3	40	the	the	DET
fsr-3266	3	41	return	return	NOUN
fsr-3266	3	42	and	and	CCONJ
fsr-3266	3	43	risk	risk	NOUN
fsr-3266	3	44	of	of	ADP
fsr-3266	3	45	the	the	DET
fsr-3266	3	46	vix	vix	PROPN
fsr-3266	3	47	index	index	NOUN
fsr-3266	3	48	.	.	PUNCT
fsr-3266	4	1	the	the	DET
fsr-3266	4	2	authors	author	NOUN
fsr-3266	4	3	note	note	VERB
fsr-3266	4	4	that	that	SCONJ
fsr-3266	4	5	vix	vix	PROPN
fsr-3266	4	6	etps	etps	NOUN
fsr-3266	4	7	do	do	AUX
fsr-3266	4	8	not	not	PART
fsr-3266	4	9	correlate	correlate	VERB
fsr-3266	4	10	well	well	ADV
fsr-3266	4	11	to	to	ADP
fsr-3266	4	12	the	the	DET
fsr-3266	4	13	vix	vix	PROPN
fsr-3266	4	14	index	index	NOUN
fsr-3266	4	15	.	.	PUNCT
fsr-3266	5	1	in	in	ADP
fsr-3266	5	2	fact	fact	NOUN
fsr-3266	5	3	,	,	PUNCT
fsr-3266	5	4	these	these	DET
fsr-3266	5	5	funds	fund	NOUN
fsr-3266	5	6	are	be	AUX
fsr-3266	5	7	not	not	PART
fsr-3266	5	8	even	even	ADV
fsr-3266	5	9	designed	design	VERB
fsr-3266	5	10	to	to	PART
fsr-3266	5	11	have	have	VERB
fsr-3266	5	12	a	a	DET
fsr-3266	5	13	high	high	ADJ
fsr-3266	5	14	correlation	correlation	NOUN
fsr-3266	5	15	to	to	ADP
fsr-3266	5	16	the	the	DET
fsr-3266	5	17	vix	vix	PROPN
fsr-3266	5	18	index	index	NOUN
fsr-3266	5	19	.	.	PUNCT
fsr-3266	6	1	individual	individual	ADJ
fsr-3266	6	2	investors	investor	NOUN
fsr-3266	6	3	can	can	AUX
fsr-3266	6	4	often	often	ADV
fsr-3266	6	5	mistake	mistake	VERB
fsr-3266	6	6	vix	vix	PROPN
fsr-3266	6	7	etps	etps	NOUN
fsr-3266	6	8	for	for	ADP
fsr-3266	6	9	an	an	DET
fsr-3266	6	10	investment	investment	NOUN
fsr-3266	6	11	in	in	ADP
fsr-3266	6	12	the	the	DET
fsr-3266	6	13	vix	vix	PROPN
fsr-3266	6	14	index	index	NOUN
fsr-3266	6	15	itself	itself	PRON
fsr-3266	6	16	,	,	PUNCT
fsr-3266	6	17	which	which	PRON
fsr-3266	6	18	is	be	AUX
fsr-3266	6	19	incorrect	incorrect	ADJ
fsr-3266	6	20	and	and	CCONJ
fsr-3266	6	21	may	may	AUX
fsr-3266	6	22	lead	lead	VERB
fsr-3266	6	23	to	to	ADP
fsr-3266	6	24	a	a	DET
fsr-3266	6	25	costly	costly	ADJ
fsr-3266	6	26	mistake	mistake	NOUN
fsr-3266	6	27	.	.	PUNCT
fsr-3266	7	1	©	©	PROPN
fsr-3266	7	2	2016	2016	NUM
fsr-3266	7	3	academy	academy	NOUN
fsr-3266	7	4	of	of	ADP
fsr-3266	7	5	financial	financial	ADJ
fsr-3266	7	6	services	service	NOUN
fsr-3266	7	7	.	.	PUNCT
fsr-3266	8	1	all	all	DET
fsr-3266	8	2	rights	right	NOUN
fsr-3266	8	3	reserved	reserve	VERB
fsr-3266	8	4	.	.	PUNCT
fsr-3266	9	1	jel	jel	PROPN
fsr-3266	9	2	classifications	classification	NOUN
fsr-3266	9	3	:	:	PUNCT
fsr-3266	9	4	g11	g11	PROPN
fsr-3266	9	5	;	;	PUNCT
fsr-3266	9	6	g12	g12	PROPN
fsr-3266	9	7	keywords	keyword	NOUN
fsr-3266	9	8	:	:	PUNCT
fsr-3266	9	9	vix	vix	PROPN
fsr-3266	9	10	index	index	NOUN
fsr-3266	9	11	;	;	PUNCT
fsr-3266	9	12	etfs	etfs	NOUN
fsr-3266	9	13	;	;	PUNCT
fsr-3266	9	14	etps	etps	VERB
fsr-3266	9	15	1	1	NUM
fsr-3266	9	16	.	.	X
fsr-3266	10	1	introduction	introduction	NOUN
fsr-3266	10	2	the	the	DET
fsr-3266	10	3	vix	vix	PROPN
fsr-3266	10	4	index	index	NOUN
fsr-3266	10	5	measures	measure	VERB
fsr-3266	10	6	volatility	volatility	NOUN
fsr-3266	10	7	in	in	ADP
fsr-3266	10	8	the	the	DET
fsr-3266	10	9	equity	equity	NOUN
fsr-3266	10	10	market	market	NOUN
fsr-3266	10	11	and	and	CCONJ
fsr-3266	10	12	is	be	AUX
fsr-3266	10	13	a	a	DET
fsr-3266	10	14	good	good	ADJ
fsr-3266	10	15	measure	measure	NOUN
fsr-3266	10	16	of	of	ADP
fsr-3266	10	17	investors	investor	NOUN
fsr-3266	10	18	’	’	PART
fsr-3266	10	19	overall	overall	ADJ
fsr-3266	10	20	sentiment	sentiment	NOUN
fsr-3266	10	21	and	and	CCONJ
fsr-3266	10	22	level	level	NOUN
fsr-3266	10	23	of	of	ADP
fsr-3266	10	24	fear	fear	NOUN
fsr-3266	10	25	in	in	ADP
fsr-3266	10	26	the	the	DET
fsr-3266	10	27	stock	stock	NOUN
fsr-3266	10	28	market	market	NOUN
fsr-3266	10	29	.	.	PUNCT
fsr-3266	11	1	the	the	DET
fsr-3266	11	2	vix	vix	PROPN
fsr-3266	11	3	index	index	NOUN
fsr-3266	11	4	is	be	AUX
fsr-3266	11	5	able	able	ADJ
fsr-3266	11	6	to	to	PART
fsr-3266	11	7	gauge	gauge	VERB
fsr-3266	11	8	market	market	NOUN
fsr-3266	11	9	expectations	expectation	NOUN
fsr-3266	11	10	of	of	ADP
fsr-3266	11	11	equity	equity	NOUN
fsr-3266	11	12	performance	performance	NOUN
fsr-3266	11	13	by	by	ADP
fsr-3266	11	14	tracking	track	VERB
fsr-3266	11	15	the	the	DET
fsr-3266	11	16	demand	demand	NOUN
fsr-3266	11	17	for	for	ADP
fsr-3266	11	18	put	put	VERB
fsr-3266	11	19	and	and	CCONJ
fsr-3266	11	20	call	call	VERB
fsr-3266	11	21	options	option	NOUN
fsr-3266	11	22	,	,	PUNCT
fsr-3266	11	23	through	through	ADP
fsr-3266	11	24	extracting	extract	VERB
fsr-3266	11	25	the	the	DET
fsr-3266	11	26	“	"	PUNCT
fsr-3266	11	27	price	price	NOUN
fsr-3266	11	28	”	"	PUNCT
fsr-3266	11	29	of	of	ADP
fsr-3266	11	30	implied	imply	VERB
fsr-3266	11	31	volatility	volatility	NOUN
fsr-3266	11	32	in	in	ADP
fsr-3266	11	33	prices	price	NOUN
fsr-3266	11	34	of	of	ADP
fsr-3266	11	35	s&p	s&p	PROPN
fsr-3266	11	36	500	500	NUM
fsr-3266	11	37	index	index	NOUN
fsr-3266	11	38	options	option	NOUN
fsr-3266	11	39	.	.	PUNCT
fsr-3266	12	1	copeland	copeland	PROPN
fsr-3266	12	2	and	and	CCONJ
fsr-3266	12	3	copeland	copeland	PROPN
fsr-3266	12	4	(	(	PUNCT
fsr-3266	12	5	1999	1999	NUM
fsr-3266	12	6	)	)	PUNCT
fsr-3266	12	7	even	even	ADV
fsr-3266	12	8	note	note	VERB
fsr-3266	12	9	that	that	SCONJ
fsr-3266	12	10	the	the	DET
fsr-3266	12	11	vix	vix	PROPN
fsr-3266	12	12	index	index	NOUN
fsr-3266	12	13	can	can	AUX
fsr-3266	12	14	be	be	AUX
fsr-3266	12	15	used	use	VERB
fsr-3266	12	16	as	as	ADP
fsr-3266	12	17	an	an	DET
fsr-3266	12	18	indicator	indicator	NOUN
fsr-3266	12	19	to	to	PART
fsr-3266	12	20	rotate	rotate	VERB
fsr-3266	12	21	between	between	ADP
fsr-3266	12	22	large	large	ADJ
fsr-3266	12	23	cap	cap	NOUN
fsr-3266	12	24	and	and	CCONJ
fsr-3266	12	25	small	small	ADJ
fsr-3266	12	26	cap	cap	NOUN
fsr-3266	12	27	portfolios	portfolio	NOUN
fsr-3266	12	28	as	as	ADV
fsr-3266	12	29	well	well	ADV
fsr-3266	12	30	as	as	ADP
fsr-3266	12	31	between	between	ADP
fsr-3266	12	32	value	value	NOUN
fsr-3266	12	33	and	and	CCONJ
fsr-3266	12	34	growth	growth	NOUN
fsr-3266	12	35	portfolios	portfolio	NOUN
fsr-3266	12	36	.	.	PUNCT
fsr-3266	13	1	there	there	PRON
fsr-3266	13	2	are	be	VERB
fsr-3266	13	3	a	a	DET
fsr-3266	13	4	number	number	NOUN
fsr-3266	13	5	of	of	ADP
fsr-3266	13	6	vix	vix	NOUN
fsr-3266	13	7	-	-	PUNCT
fsr-3266	13	8	related	relate	VERB
fsr-3266	13	9	terms	term	NOUN
fsr-3266	13	10	in	in	ADP
fsr-3266	13	11	the	the	DET
fsr-3266	13	12	financial	financial	ADJ
fsr-3266	13	13	press	press	NOUN
fsr-3266	13	14	that	that	SCONJ
fsr-3266	13	15	individual	individual	ADJ
fsr-3266	13	16	investors	investor	NOUN
fsr-3266	13	17	may	may	AUX
fsr-3266	13	18	encounter	encounter	VERB
fsr-3266	13	19	.	.	PUNCT
fsr-3266	14	1	the	the	DET
fsr-3266	14	2	authors	author	NOUN
fsr-3266	14	3	of	of	ADP
fsr-3266	14	4	this	this	DET
fsr-3266	14	5	article	article	NOUN
fsr-3266	14	6	use	use	VERB
fsr-3266	14	7	care	care	NOUN
fsr-3266	14	8	to	to	PART
fsr-3266	14	9	distinguish	distinguish	VERB
fsr-3266	14	10	between	between	ADP
fsr-3266	14	11	these	these	DET
fsr-3266	14	12	terms	term	NOUN
fsr-3266	14	13	,	,	PUNCT
fsr-3266	14	14	which	which	PRON
fsr-3266	14	15	*	*	PUNCT
fsr-3266	14	16	corresponding	correspond	VERB
fsr-3266	14	17	author	author	NOUN
fsr-3266	14	18	.	.	PUNCT
fsr-3266	15	1	tel	tel	PROPN
fsr-3266	15	2	.	.	PUNCT
fsr-3266	15	3	:	:	PUNCT
fsr-3266	16	1	�	�	PROPN
fsr-3266	16	2	1	1	NUM
fsr-3266	16	3	-	-	SYM
fsr-3266	16	4	239	239	NUM
fsr-3266	16	5	-	-	PUNCT
fsr-3266	16	6	590	590	NUM
fsr-3266	16	7	-	-	PUNCT
fsr-3266	16	8	7167	7167	NUM
fsr-3266	16	9	;	;	PUNCT
fsr-3266	16	10	fax	fax	NOUN
fsr-3266	16	11	:	:	PUNCT
fsr-3266	16	12	�	�	PROPN
fsr-3266	16	13	1	1	NUM
fsr-3266	16	14	-	-	SYM
fsr-3266	16	15	239	239	NUM
fsr-3266	16	16	-	-	PUNCT
fsr-3266	16	17	590	590	NUM
fsr-3266	16	18	-	-	SYM
fsr-3266	16	19	7367	7367	NUM
fsr-3266	16	20	.	.	PUNCT
fsr-3266	17	1	e	e	X
fsr-3266	17	2	-	-	NOUN
fsr-3266	17	3	mail	mail	NOUN
fsr-3266	17	4	address	address	NOUN
fsr-3266	17	5	:	:	PUNCT
fsr-3266	17	6	tljones@fgcu.edu	tljones@fgcu.edu	PROPN
fsr-3266	17	7	financial	financial	ADJ
fsr-3266	17	8	services	service	NOUN
fsr-3266	17	9	review	review	VERB
fsr-3266	17	10	25	25	NUM
fsr-3266	17	11	(	(	PUNCT
fsr-3266	17	12	2016	2016	NUM
fsr-3266	17	13	)	)	PUNCT
fsr-3266	17	14	73–85	73–85	NUM
fsr-3266	17	15	1057	1057	NUM
fsr-3266	17	16	-	-	SYM
fsr-3266	17	17	0810/16/$	0810/16/$	ADV
fsr-3266	17	18	–	–	PUNCT
fsr-3266	17	19	see	see	VERB
fsr-3266	17	20	front	front	ADJ
fsr-3266	17	21	matter	matter	NOUN
fsr-3266	17	22	©	©	PROPN
fsr-3266	17	23	2016	2016	NUM
fsr-3266	17	24	academy	academy	NOUN
fsr-3266	17	25	of	of	ADP
fsr-3266	17	26	financial	financial	ADJ
fsr-3266	17	27	services	service	NOUN
fsr-3266	17	28	.	.	PUNCT
fsr-3266	18	1	all	all	DET
fsr-3266	18	2	rights	right	NOUN
fsr-3266	18	3	reserved	reserve	VERB
fsr-3266	18	4	.	.	PUNCT
fsr-3266	19	1	may	may	AUX
fsr-3266	19	2	include	include	VERB
fsr-3266	19	3	:	:	PUNCT
fsr-3266	19	4	the	the	DET
fsr-3266	19	5	spot	spot	NOUN
fsr-3266	19	6	“	"	PUNCT
fsr-3266	19	7	vix	vix	NOUN
fsr-3266	19	8	index	index	NOUN
fsr-3266	19	9	,	,	PUNCT
fsr-3266	19	10	”	"	PUNCT
fsr-3266	19	11	vix	vix	NOUN
fsr-3266	19	12	-	-	PUNCT
fsr-3266	19	13	based	base	VERB
fsr-3266	19	14	exchange	exchange	NOUN
fsr-3266	19	15	traded	trade	VERB
fsr-3266	19	16	products	product	NOUN
fsr-3266	19	17	(	(	PUNCT
fsr-3266	19	18	“	"	PUNCT
fsr-3266	19	19	etps	etps	NOUN
fsr-3266	19	20	”	"	PUNCT
fsr-3266	19	21	or	or	CCONJ
fsr-3266	19	22	“	"	PUNCT
fsr-3266	19	23	funds	fund	NOUN
fsr-3266	19	24	”	"	PUNCT
fsr-3266	19	25	)	)	PUNCT
fsr-3266	19	26	,	,	PUNCT
fsr-3266	19	27	vix	vix	PROPN
fsr-3266	19	28	futures	future	NOUN
fsr-3266	19	29	or	or	CCONJ
fsr-3266	19	30	options	option	NOUN
fsr-3266	19	31	,	,	PUNCT
fsr-3266	19	32	and	and	CCONJ
fsr-3266	19	33	the	the	DET
fsr-3266	19	34	s&p	s&p	PROPN
fsr-3266	19	35	500	500	NUM
fsr-3266	19	36	vix	vix	PROPN
fsr-3266	19	37	short	short	ADJ
fsr-3266	19	38	-	-	PUNCT
fsr-3266	19	39	term	term	NOUN
fsr-3266	19	40	futures	future	NOUN
fsr-3266	19	41	index	index	NOUN
fsr-3266	19	42	(	(	PUNCT
fsr-3266	19	43	“	"	PUNCT
fsr-3266	19	44	s&p	s&p	PROPN
fsr-3266	19	45	st	st	PROPN
fsr-3266	19	46	index	index	PROPN
fsr-3266	19	47	”	"	PUNCT
fsr-3266	19	48	)	)	PUNCT
fsr-3266	19	49	,	,	PUNCT
fsr-3266	19	50	among	among	ADP
fsr-3266	19	51	others	other	NOUN
fsr-3266	19	52	.	.	PUNCT
fsr-3266	20	1	a	a	DET
fsr-3266	20	2	common	common	ADJ
fsr-3266	20	3	mistake	mistake	NOUN
fsr-3266	20	4	that	that	PRON
fsr-3266	20	5	is	be	AUX
fsr-3266	20	6	often	often	ADV
fsr-3266	20	7	made	make	VERB
fsr-3266	20	8	by	by	ADP
fsr-3266	20	9	individual	individual	ADJ
fsr-3266	20	10	investors	investor	NOUN
fsr-3266	20	11	looking	look	VERB
fsr-3266	20	12	to	to	PART
fsr-3266	20	13	gain	gain	VERB
fsr-3266	20	14	exposure	exposure	NOUN
fsr-3266	20	15	to	to	ADP
fsr-3266	20	16	the	the	DET
fsr-3266	20	17	vix	vix	PROPN
fsr-3266	20	18	index	index	NOUN
fsr-3266	20	19	(	(	PUNCT
fsr-3266	20	20	or	or	CCONJ
fsr-3266	20	21	equity	equity	NOUN
fsr-3266	20	22	volatility	volatility	NOUN
fsr-3266	20	23	in	in	ADP
fsr-3266	20	24	general	general	ADJ
fsr-3266	20	25	)	)	PUNCT
fsr-3266	20	26	is	be	AUX
fsr-3266	20	27	to	to	PART
fsr-3266	20	28	assume	assume	VERB
fsr-3266	20	29	that	that	SCONJ
fsr-3266	20	30	vix	vix	PROPN
fsr-3266	20	31	exchange	exchange	NOUN
fsr-3266	20	32	traded	trade	VERB
fsr-3266	20	33	products	product	NOUN
fsr-3266	20	34	(	(	PUNCT
fsr-3266	20	35	etps	etps	NOUN
fsr-3266	20	36	)	)	PUNCT
fsr-3266	20	37	accurately	accurately	ADV
fsr-3266	20	38	track	track	VERB
fsr-3266	20	39	the	the	DET
fsr-3266	20	40	vix	vix	PROPN
fsr-3266	20	41	index	index	NOUN
fsr-3266	20	42	.	.	PUNCT
fsr-3266	21	1	vix	vix	PROPN
fsr-3266	21	2	-	-	PUNCT
fsr-3266	21	3	based	base	VERB
fsr-3266	21	4	etps	etps	NOUN
fsr-3266	21	5	are	be	AUX
fsr-3266	21	6	not	not	PART
fsr-3266	21	7	structured	structure	VERB
fsr-3266	21	8	to	to	PART
fsr-3266	21	9	track	track	VERB
fsr-3266	21	10	the	the	DET
fsr-3266	21	11	spot	spot	PROPN
fsr-3266	21	12	vix	vix	PROPN
fsr-3266	21	13	index	index	NOUN
fsr-3266	21	14	,	,	PUNCT
fsr-3266	21	15	but	but	CCONJ
fsr-3266	21	16	are	be	AUX
fsr-3266	21	17	designed	design	VERB
fsr-3266	21	18	to	to	PART
fsr-3266	21	19	track	track	VERB
fsr-3266	21	20	the	the	DET
fsr-3266	21	21	s&p	s&p	PROPN
fsr-3266	21	22	st	st	PROPN
fsr-3266	21	23	index	index	NOUN
fsr-3266	21	24	or	or	CCONJ
fsr-3266	21	25	other	other	ADJ
fsr-3266	21	26	related	related	ADJ
fsr-3266	21	27	indices	index	NOUN
fsr-3266	21	28	that	that	PRON
fsr-3266	21	29	themselves	themselves	PRON
fsr-3266	21	30	are	be	AUX
fsr-3266	21	31	not	not	PART
fsr-3266	21	32	well	well	ADV
fsr-3266	21	33	correlated	correlate	VERB
fsr-3266	21	34	to	to	ADP
fsr-3266	21	35	the	the	DET
fsr-3266	21	36	spot	spot	PROPN
fsr-3266	21	37	vix	vix	PROPN
fsr-3266	21	38	index	index	NOUN
fsr-3266	21	39	.	.	PUNCT
fsr-3266	22	1	the	the	DET
fsr-3266	22	2	purpose	purpose	NOUN
fsr-3266	22	3	of	of	ADP
fsr-3266	22	4	this	this	DET
fsr-3266	22	5	article	article	NOUN
fsr-3266	22	6	is	be	AUX
fsr-3266	22	7	to	to	PART
fsr-3266	22	8	examine	examine	VERB
fsr-3266	22	9	the	the	DET
fsr-3266	22	10	differences	difference	NOUN
fsr-3266	22	11	between	between	ADP
fsr-3266	22	12	vix	vix	NOUN
fsr-3266	22	13	-	-	PUNCT
fsr-3266	22	14	based	base	VERB
fsr-3266	22	15	etps	etps	NOUN
fsr-3266	22	16	and	and	CCONJ
fsr-3266	22	17	the	the	DET
fsr-3266	22	18	vix	vix	PROPN
fsr-3266	22	19	index	index	NOUN
fsr-3266	22	20	and	and	CCONJ
fsr-3266	22	21	to	to	PART
fsr-3266	22	22	serve	serve	VERB
fsr-3266	22	23	as	as	ADP
fsr-3266	22	24	a	a	DET
fsr-3266	22	25	guide	guide	NOUN
fsr-3266	22	26	and	and	CCONJ
fsr-3266	22	27	a	a	DET
fsr-3266	22	28	possible	possible	ADJ
fsr-3266	22	29	warning	warning	NOUN
fsr-3266	22	30	to	to	ADP
fsr-3266	22	31	individual	individual	ADJ
fsr-3266	22	32	investors	investor	NOUN
fsr-3266	22	33	about	about	ADP
fsr-3266	22	34	how	how	SCONJ
fsr-3266	22	35	these	these	DET
fsr-3266	22	36	products	product	NOUN
fsr-3266	22	37	trade	trade	VERB
fsr-3266	22	38	.	.	PUNCT
fsr-3266	23	1	it	it	PRON
fsr-3266	23	2	is	be	AUX
fsr-3266	23	3	important	important	ADJ
fsr-3266	23	4	to	to	PART
fsr-3266	23	5	note	note	VERB
fsr-3266	23	6	that	that	SCONJ
fsr-3266	23	7	the	the	DET
fsr-3266	23	8	vix	vix	PROPN
fsr-3266	23	9	index	index	NOUN
fsr-3266	23	10	is	be	AUX
fsr-3266	23	11	not	not	PART
fsr-3266	23	12	a	a	DET
fsr-3266	23	13	tradable	tradable	ADJ
fsr-3266	23	14	asset	asset	NOUN
fsr-3266	23	15	.	.	PUNCT
fsr-3266	24	1	investment	investment	NOUN
fsr-3266	24	2	products	product	NOUN
fsr-3266	24	3	that	that	PRON
fsr-3266	24	4	are	be	AUX
fsr-3266	24	5	tradable	tradable	ADJ
fsr-3266	24	6	include	include	VERB
fsr-3266	24	7	vix	vix	PROPN
fsr-3266	24	8	futures	future	NOUN
fsr-3266	24	9	,	,	PUNCT
fsr-3266	24	10	vix	vix	NOUN
fsr-3266	24	11	options	option	NOUN
fsr-3266	24	12	,	,	PUNCT
fsr-3266	24	13	and	and	CCONJ
fsr-3266	24	14	vix	vix	NOUN
fsr-3266	24	15	-	-	PUNCT
fsr-3266	24	16	based	base	VERB
fsr-3266	24	17	etps	etps	NOUN
fsr-3266	24	18	(	(	PUNCT
fsr-3266	24	19	see	see	VERB
fsr-3266	24	20	dzekounoff	dzekounoff	NOUN
fsr-3266	24	21	,	,	PUNCT
fsr-3266	24	22	2010	2010	NUM
fsr-3266	24	23	;	;	PUNCT
fsr-3266	24	24	jones	jones	PROPN
fsr-3266	24	25	,	,	PUNCT
fsr-3266	24	26	2011	2011	NUM
fsr-3266	24	27	;	;	PUNCT
fsr-3266	24	28	jones	jones	PROPN
fsr-3266	24	29	&	&	CCONJ
fsr-3266	24	30	allen	allen	PROPN
fsr-3266	24	31	,	,	PUNCT
fsr-3266	24	32	2015	2015	NUM
fsr-3266	24	33	;	;	PUNCT
fsr-3266	24	34	moran	moran	PROPN
fsr-3266	24	35	&	&	CCONJ
fsr-3266	24	36	dash	dash	NOUN
fsr-3266	24	37	,	,	PUNCT
fsr-3266	24	38	2007	2007	NUM
fsr-3266	24	39	;	;	PUNCT
fsr-3266	24	40	and	and	CCONJ
fsr-3266	24	41	others	other	NOUN
fsr-3266	24	42	for	for	ADP
fsr-3266	24	43	a	a	DET
fsr-3266	24	44	discussion	discussion	NOUN
fsr-3266	24	45	of	of	ADP
fsr-3266	24	46	vix	vix	PROPN
fsr-3266	24	47	futures	future	NOUN
fsr-3266	24	48	and	and	CCONJ
fsr-3266	24	49	options	option	NOUN
fsr-3266	24	50	)	)	PUNCT
fsr-3266	24	51	.	.	PUNCT
fsr-3266	25	1	the	the	DET
fsr-3266	25	2	products	product	NOUN
fsr-3266	25	3	that	that	PRON
fsr-3266	25	4	have	have	AUX
fsr-3266	25	5	been	be	AUX
fsr-3266	25	6	introduced	introduce	VERB
fsr-3266	25	7	over	over	ADP
fsr-3266	25	8	the	the	DET
fsr-3266	25	9	years	year	NOUN
fsr-3266	25	10	are	be	AUX
fsr-3266	25	11	designed	design	VERB
fsr-3266	25	12	to	to	PART
fsr-3266	25	13	offer	offer	VERB
fsr-3266	25	14	investors	investor	NOUN
fsr-3266	25	15	exposure	exposure	NOUN
fsr-3266	25	16	to	to	ADP
fsr-3266	25	17	the	the	DET
fsr-3266	25	18	volatility	volatility	NOUN
fsr-3266	25	19	but	but	CCONJ
fsr-3266	25	20	to	to	PART
fsr-3266	25	21	not	not	PART
fsr-3266	25	22	mimic	mimic	VERB
fsr-3266	25	23	the	the	DET
fsr-3266	25	24	performance	performance	NOUN
fsr-3266	25	25	of	of	ADP
fsr-3266	25	26	the	the	DET
fsr-3266	25	27	vix	vix	PROPN
fsr-3266	25	28	index	index	NOUN
fsr-3266	25	29	.	.	PUNCT
fsr-3266	26	1	the	the	DET
fsr-3266	26	2	typical	typical	ADJ
fsr-3266	26	3	way	way	NOUN
fsr-3266	26	4	that	that	PRON
fsr-3266	26	5	these	these	DET
fsr-3266	26	6	products	product	NOUN
fsr-3266	26	7	gain	gain	VERB
fsr-3266	26	8	exposure	exposure	NOUN
fsr-3266	26	9	to	to	ADP
fsr-3266	26	10	volatility	volatility	NOUN
fsr-3266	26	11	is	be	AUX
fsr-3266	26	12	to	to	PART
fsr-3266	26	13	invest	invest	VERB
fsr-3266	26	14	in	in	ADP
fsr-3266	26	15	vix	vix	PROPN
fsr-3266	26	16	futures	future	NOUN
fsr-3266	26	17	(	(	PUNCT
fsr-3266	26	18	and	and	CCONJ
fsr-3266	26	19	possibly	possibly	ADV
fsr-3266	26	20	vix	vix	PROPN
fsr-3266	26	21	options	option	NOUN
fsr-3266	26	22	,	,	PUNCT
fsr-3266	26	23	which	which	PRON
fsr-3266	26	24	most	most	ADV
fsr-3266	26	25	etps	etps	VERB
fsr-3266	26	26	do	do	AUX
fsr-3266	26	27	not	not	PART
fsr-3266	26	28	use	use	VERB
fsr-3266	26	29	)	)	PUNCT
fsr-3266	26	30	.	.	PUNCT
fsr-3266	27	1	these	these	DET
fsr-3266	27	2	vix	vix	NOUN
fsr-3266	27	3	-	-	PUNCT
fsr-3266	27	4	based	base	VERB
fsr-3266	27	5	etps	etps	NOUN
fsr-3266	27	6	are	be	AUX
fsr-3266	27	7	created	create	VERB
fsr-3266	27	8	from	from	ADP
fsr-3266	27	9	complex	complex	ADJ
fsr-3266	27	10	strategies	strategy	NOUN
fsr-3266	27	11	and	and	CCONJ
fsr-3266	27	12	investors	investor	NOUN
fsr-3266	27	13	must	must	AUX
fsr-3266	27	14	be	be	AUX
fsr-3266	27	15	aware	aware	ADJ
fsr-3266	27	16	of	of	ADP
fsr-3266	27	17	the	the	DET
fsr-3266	27	18	risk	risk	NOUN
fsr-3266	27	19	involved	involve	VERB
fsr-3266	27	20	in	in	ADP
fsr-3266	27	21	trading	trade	VERB
fsr-3266	27	22	these	these	DET
fsr-3266	27	23	particular	particular	ADJ
fsr-3266	27	24	assets	asset	NOUN
fsr-3266	27	25	.	.	PUNCT
fsr-3266	28	1	in	in	ADP
fsr-3266	28	2	an	an	DET
fsr-3266	28	3	effort	effort	NOUN
fsr-3266	28	4	to	to	PART
fsr-3266	28	5	diversify	diversify	VERB
fsr-3266	28	6	their	their	PRON
fsr-3266	28	7	portfolio	portfolio	NOUN
fsr-3266	28	8	,	,	PUNCT
fsr-3266	28	9	individual	individual	ADJ
fsr-3266	28	10	investors	investor	NOUN
fsr-3266	28	11	may	may	AUX
fsr-3266	28	12	seek	seek	VERB
fsr-3266	28	13	investment	investment	NOUN
fsr-3266	28	14	vehicles	vehicle	NOUN
fsr-3266	28	15	to	to	PART
fsr-3266	28	16	hedge	hedge	VERB
fsr-3266	28	17	against	against	ADP
fsr-3266	28	18	downside	downside	ADJ
fsr-3266	28	19	moves	move	NOUN
fsr-3266	28	20	in	in	ADP
fsr-3266	28	21	the	the	DET
fsr-3266	28	22	equity	equity	NOUN
fsr-3266	28	23	market	market	NOUN
fsr-3266	28	24	.	.	PUNCT
fsr-3266	29	1	because	because	SCONJ
fsr-3266	29	2	volatility	volatility	NOUN
fsr-3266	29	3	,	,	PUNCT
fsr-3266	29	4	and	and	CCONJ
fsr-3266	29	5	the	the	DET
fsr-3266	29	6	vix	vix	PROPN
fsr-3266	29	7	index	index	NOUN
fsr-3266	29	8	specifically	specifically	ADV
fsr-3266	29	9	,	,	PUNCT
fsr-3266	29	10	tends	tend	VERB
fsr-3266	29	11	to	to	PART
fsr-3266	29	12	rise	rise	VERB
fsr-3266	29	13	when	when	SCONJ
fsr-3266	29	14	investors	investor	NOUN
fsr-3266	29	15	become	become	VERB
fsr-3266	29	16	more	more	ADV
fsr-3266	29	17	pessimistic	pessimistic	ADJ
fsr-3266	29	18	,	,	PUNCT
fsr-3266	29	19	an	an	DET
fsr-3266	29	20	investment	investment	NOUN
fsr-3266	29	21	in	in	ADP
fsr-3266	29	22	volatility	volatility	NOUN
fsr-3266	29	23	can	can	AUX
fsr-3266	29	24	be	be	AUX
fsr-3266	29	25	a	a	DET
fsr-3266	29	26	good	good	ADJ
fsr-3266	29	27	thing	thing	NOUN
fsr-3266	29	28	,	,	PUNCT
fsr-3266	29	29	especially	especially	ADV
fsr-3266	29	30	as	as	ADP
fsr-3266	29	31	a	a	DET
fsr-3266	29	32	short	short	ADJ
fsr-3266	29	33	-	-	PUNCT
fsr-3266	29	34	term	term	NOUN
fsr-3266	29	35	hedge	hedge	NOUN
fsr-3266	29	36	.	.	PUNCT
fsr-3266	30	1	thus	thus	ADV
fsr-3266	30	2	,	,	PUNCT
fsr-3266	30	3	vix	vix	NOUN
fsr-3266	30	4	-	-	PUNCT
fsr-3266	30	5	based	base	VERB
fsr-3266	30	6	etps	etps	NOUN
fsr-3266	30	7	can	can	AUX
fsr-3266	30	8	act	act	VERB
fsr-3266	30	9	as	as	ADP
fsr-3266	30	10	a	a	DET
fsr-3266	30	11	good	good	ADJ
fsr-3266	30	12	hedge	hedge	NOUN
fsr-3266	30	13	against	against	ADP
fsr-3266	30	14	a	a	DET
fsr-3266	30	15	drop	drop	NOUN
fsr-3266	30	16	in	in	ADP
fsr-3266	30	17	equities	equity	NOUN
fsr-3266	30	18	,	,	PUNCT
fsr-3266	30	19	as	as	SCONJ
fsr-3266	30	20	noted	note	VERB
fsr-3266	30	21	by	by	ADP
fsr-3266	30	22	lydon	lydon	PROPN
fsr-3266	30	23	and	and	CCONJ
fsr-3266	30	24	chen	chen	PROPN
fsr-3266	30	25	(	(	PUNCT
fsr-3266	30	26	2014	2014	NUM
fsr-3266	30	27	)	)	PUNCT
fsr-3266	30	28	.	.	PUNCT
fsr-3266	31	1	jones	jones	PROPN
fsr-3266	31	2	(	(	PUNCT
fsr-3266	31	3	2011	2011	NUM
fsr-3266	31	4	)	)	PUNCT
fsr-3266	31	5	also	also	ADV
fsr-3266	31	6	notes	note	VERB
fsr-3266	31	7	that	that	SCONJ
fsr-3266	31	8	allocating	allocate	VERB
fsr-3266	31	9	a	a	DET
fsr-3266	31	10	small	small	ADJ
fsr-3266	31	11	portion	portion	NOUN
fsr-3266	31	12	of	of	ADP
fsr-3266	31	13	a	a	DET
fsr-3266	31	14	portfolio	portfolio	NOUN
fsr-3266	31	15	to	to	ADP
fsr-3266	31	16	volatility	volatility	NOUN
fsr-3266	31	17	could	could	AUX
fsr-3266	31	18	help	help	VERB
fsr-3266	31	19	investors	investor	NOUN
fsr-3266	31	20	better	well	ADV
fsr-3266	31	21	withstand	withstand	VERB
fsr-3266	31	22	a	a	DET
fsr-3266	31	23	bear	bear	NOUN
fsr-3266	31	24	market	market	NOUN
fsr-3266	31	25	.	.	PUNCT
fsr-3266	32	1	this	this	DET
fsr-3266	32	2	research	research	NOUN
fsr-3266	32	3	notes	note	VERB
fsr-3266	32	4	that	that	SCONJ
fsr-3266	32	5	a	a	DET
fsr-3266	32	6	10	10	NUM
fsr-3266	32	7	%	%	NOUN
fsr-3266	32	8	allocation	allocation	NOUN
fsr-3266	32	9	to	to	ADP
fsr-3266	32	10	nearby	nearby	ADJ
fsr-3266	32	11	vix	vix	NOUN
fsr-3266	32	12	futures	future	NOUN
fsr-3266	32	13	(	(	PUNCT
fsr-3266	32	14	used	use	VERB
fsr-3266	32	15	in	in	ADP
fsr-3266	32	16	many	many	ADJ
fsr-3266	32	17	vix	vix	PROPN
fsr-3266	32	18	etps	etps	NOUN
fsr-3266	32	19	)	)	PUNCT
fsr-3266	32	20	can	can	AUX
fsr-3266	32	21	improve	improve	VERB
fsr-3266	32	22	portfolio	portfolio	NOUN
fsr-3266	32	23	returns	return	NOUN
fsr-3266	32	24	more	more	ADJ
fsr-3266	32	25	than	than	ADP
fsr-3266	32	26	15	15	NUM
fsr-3266	32	27	%	%	NOUN
fsr-3266	32	28	,	,	PUNCT
fsr-3266	32	29	on	on	ADP
fsr-3266	32	30	average	average	ADJ
fsr-3266	32	31	,	,	PUNCT
fsr-3266	32	32	when	when	SCONJ
fsr-3266	32	33	implemented	implement	VERB
fsr-3266	32	34	after	after	ADP
fsr-3266	32	35	an	an	DET
fsr-3266	32	36	increase	increase	NOUN
fsr-3266	32	37	in	in	ADP
fsr-3266	32	38	the	the	DET
fsr-3266	32	39	vix	vix	PROPN
fsr-3266	32	40	index	index	NOUN
fsr-3266	32	41	that	that	PRON
fsr-3266	32	42	most	most	ADV
fsr-3266	32	43	often	often	ADV
fsr-3266	32	44	accompanies	accompany	VERB
fsr-3266	32	45	a	a	DET
fsr-3266	32	46	decline	decline	NOUN
fsr-3266	32	47	in	in	ADP
fsr-3266	32	48	the	the	DET
fsr-3266	32	49	s&p	s&p	PROPN
fsr-3266	32	50	500	500	NUM
fsr-3266	32	51	.	.	PUNCT
fsr-3266	33	1	vix	vix	NOUN
fsr-3266	33	2	-	-	PUNCT
fsr-3266	33	3	based	base	VERB
fsr-3266	33	4	etps	etps	NOUN
fsr-3266	33	5	have	have	AUX
fsr-3266	33	6	become	become	VERB
fsr-3266	33	7	more	more	ADV
fsr-3266	33	8	popular	popular	ADJ
fsr-3266	33	9	,	,	PUNCT
fsr-3266	33	10	and	and	CCONJ
fsr-3266	33	11	thus	thus	ADV
fsr-3266	33	12	new	new	ADJ
fsr-3266	33	13	etps	etps	NOUN
fsr-3266	33	14	are	be	AUX
fsr-3266	33	15	being	be	AUX
fsr-3266	33	16	created	create	VERB
fsr-3266	33	17	and	and	CCONJ
fsr-3266	33	18	issued	issue	VERB
fsr-3266	33	19	.	.	PUNCT
fsr-3266	34	1	before	before	ADP
fsr-3266	34	2	these	these	DET
fsr-3266	34	3	products	product	NOUN
fsr-3266	34	4	,	,	PUNCT
fsr-3266	34	5	individual	individual	ADJ
fsr-3266	34	6	investors	investor	NOUN
fsr-3266	34	7	and	and	CCONJ
fsr-3266	34	8	certain	certain	ADJ
fsr-3266	34	9	institutions	institution	NOUN
fsr-3266	34	10	were	be	AUX
fsr-3266	34	11	unable	unable	ADJ
fsr-3266	34	12	to	to	PART
fsr-3266	34	13	gain	gain	VERB
fsr-3266	34	14	exposure	exposure	NOUN
fsr-3266	34	15	to	to	ADP
fsr-3266	34	16	volatility	volatility	NOUN
fsr-3266	34	17	,	,	PUNCT
fsr-3266	34	18	because	because	SCONJ
fsr-3266	34	19	they	they	PRON
fsr-3266	34	20	may	may	AUX
fsr-3266	34	21	have	have	AUX
fsr-3266	34	22	been	be	AUX
fsr-3266	34	23	unable	unable	ADJ
fsr-3266	34	24	to	to	PART
fsr-3266	34	25	invest	invest	VERB
fsr-3266	34	26	in	in	ADP
fsr-3266	34	27	vix	vix	PROPN
fsr-3266	34	28	futures	future	NOUN
fsr-3266	34	29	.	.	PUNCT
fsr-3266	35	1	this	this	PRON
fsr-3266	35	2	could	could	AUX
fsr-3266	35	3	be	be	AUX
fsr-3266	35	4	because	because	SCONJ
fsr-3266	35	5	of	of	ADP
fsr-3266	35	6	restrictions	restriction	NOUN
fsr-3266	35	7	placed	place	VERB
fsr-3266	35	8	on	on	ADP
fsr-3266	35	9	certain	certain	ADJ
fsr-3266	35	10	institutions	institution	NOUN
fsr-3266	35	11	and	and	CCONJ
fsr-3266	35	12	individual	individual	ADJ
fsr-3266	35	13	investment	investment	NOUN
fsr-3266	35	14	accounts	account	NOUN
fsr-3266	35	15	.	.	PUNCT
fsr-3266	36	1	these	these	DET
fsr-3266	36	2	same	same	ADJ
fsr-3266	36	3	individuals	individual	NOUN
fsr-3266	36	4	and	and	CCONJ
fsr-3266	36	5	institutions	institution	NOUN
fsr-3266	36	6	can	can	AUX
fsr-3266	36	7	now	now	ADV
fsr-3266	36	8	invest	invest	VERB
fsr-3266	36	9	in	in	ADP
fsr-3266	36	10	etps	etps	NOUN
fsr-3266	36	11	that	that	PRON
fsr-3266	36	12	have	have	VERB
fsr-3266	36	13	vix	vix	NOUN
fsr-3266	36	14	futures	future	NOUN
fsr-3266	36	15	held	hold	VERB
fsr-3266	36	16	in	in	ADP
fsr-3266	36	17	trust	trust	NOUN
fsr-3266	36	18	.	.	PUNCT
fsr-3266	37	1	most	most	ADJ
fsr-3266	37	2	vix	vix	NOUN
fsr-3266	37	3	-	-	PUNCT
fsr-3266	37	4	based	base	VERB
fsr-3266	37	5	etps	etps	NOUN
fsr-3266	37	6	are	be	AUX
fsr-3266	37	7	designed	design	VERB
fsr-3266	37	8	to	to	PART
fsr-3266	37	9	replicate	replicate	VERB
fsr-3266	37	10	the	the	DET
fsr-3266	37	11	one	one	NUM
fsr-3266	37	12	-	-	PUNCT
fsr-3266	37	13	day	day	NOUN
fsr-3266	37	14	return	return	NOUN
fsr-3266	37	15	of	of	ADP
fsr-3266	37	16	the	the	DET
fsr-3266	37	17	s&p	s&p	PROPN
fsr-3266	37	18	500	500	NUM
fsr-3266	37	19	vix	vix	PROPN
fsr-3266	37	20	short	short	ADJ
fsr-3266	37	21	-	-	PUNCT
fsr-3266	37	22	term	term	NOUN
fsr-3266	37	23	futures	future	NOUN
fsr-3266	37	24	index	index	NOUN
fsr-3266	37	25	(	(	PUNCT
fsr-3266	37	26	“	"	PUNCT
fsr-3266	37	27	s&p	s&p	PROPN
fsr-3266	37	28	st	st	PROPN
fsr-3266	37	29	index	index	PROPN
fsr-3266	37	30	”	"	PUNCT
fsr-3266	37	31	)	)	PUNCT
fsr-3266	37	32	.	.	PUNCT
fsr-3266	38	1	this	this	DET
fsr-3266	38	2	underlying	underlying	ADJ
fsr-3266	38	3	index	index	NOUN
fsr-3266	38	4	is	be	AUX
fsr-3266	38	5	structured	structure	VERB
fsr-3266	38	6	to	to	PART
fsr-3266	38	7	provide	provide	VERB
fsr-3266	38	8	a	a	DET
fsr-3266	38	9	constant	constant	ADJ
fsr-3266	38	10	30	30	NUM
fsr-3266	38	11	-	-	PUNCT
fsr-3266	38	12	day	day	NOUN
fsr-3266	38	13	maturity	maturity	NOUN
fsr-3266	38	14	futures	future	NOUN
fsr-3266	38	15	position	position	NOUN
fsr-3266	38	16	by	by	ADP
fsr-3266	38	17	rolling	roll	VERB
fsr-3266	38	18	a	a	DET
fsr-3266	38	19	long	long	ADJ
fsr-3266	38	20	position	position	NOUN
fsr-3266	38	21	in	in	ADP
fsr-3266	38	22	the	the	DET
fsr-3266	38	23	first	first	ADJ
fsr-3266	38	24	and	and	CCONJ
fsr-3266	38	25	second	second	ADJ
fsr-3266	38	26	next	next	ADV
fsr-3266	38	27	to	to	PART
fsr-3266	38	28	mature	mature	VERB
fsr-3266	38	29	monthly	monthly	ADJ
fsr-3266	38	30	vix	vix	NOUN
fsr-3266	38	31	futures	future	NOUN
fsr-3266	38	32	contracts	contract	NOUN
fsr-3266	38	33	.	.	PUNCT
fsr-3266	39	1	thus	thus	ADV
fsr-3266	39	2	,	,	PUNCT
fsr-3266	39	3	each	each	DET
fsr-3266	39	4	day	day	NOUN
fsr-3266	39	5	to	to	PART
fsr-3266	39	6	provide	provide	VERB
fsr-3266	39	7	this	this	DET
fsr-3266	39	8	constant	constant	ADJ
fsr-3266	39	9	30	30	NUM
fsr-3266	39	10	-	-	PUNCT
fsr-3266	39	11	day	day	NOUN
fsr-3266	39	12	maturity	maturity	NOUN
fsr-3266	39	13	,	,	PUNCT
fsr-3266	39	14	the	the	DET
fsr-3266	39	15	s&p	s&p	PROPN
fsr-3266	39	16	st	st	PROPN
fsr-3266	39	17	index	index	NOUN
fsr-3266	39	18	adds	add	VERB
fsr-3266	39	19	exposure	exposure	NOUN
fsr-3266	39	20	in	in	ADP
fsr-3266	39	21	the	the	DET
fsr-3266	39	22	second	second	ADJ
fsr-3266	39	23	month	month	NOUN
fsr-3266	39	24	to	to	PART
fsr-3266	39	25	mature	mature	VERB
fsr-3266	39	26	vix	vix	PROPN
fsr-3266	39	27	futures	future	NOUN
fsr-3266	39	28	contract	contract	NOUN
fsr-3266	39	29	and	and	CCONJ
fsr-3266	39	30	decreases	decrease	VERB
fsr-3266	39	31	exposure	exposure	NOUN
fsr-3266	39	32	in	in	ADP
fsr-3266	39	33	the	the	DET
fsr-3266	39	34	next	next	ADJ
fsr-3266	39	35	to	to	PART
fsr-3266	39	36	mature	mature	VERB
fsr-3266	39	37	(	(	PUNCT
fsr-3266	39	38	or	or	CCONJ
fsr-3266	39	39	nearby	nearby	ADJ
fsr-3266	39	40	)	)	PUNCT
fsr-3266	39	41	contract	contract	NOUN
fsr-3266	39	42	.	.	PUNCT
fsr-3266	40	1	2	2	X
fsr-3266	40	2	.	.	X
fsr-3266	40	3	literature	literature	NOUN
fsr-3266	40	4	review	review	VERB
fsr-3266	40	5	more	more	ADJ
fsr-3266	40	6	and	and	CCONJ
fsr-3266	40	7	more	more	ADV
fsr-3266	40	8	academic	academic	ADJ
fsr-3266	40	9	research	research	NOUN
fsr-3266	40	10	is	be	AUX
fsr-3266	40	11	being	be	AUX
fsr-3266	40	12	published	publish	VERB
fsr-3266	40	13	examining	examine	VERB
fsr-3266	40	14	vix	vix	NOUN
fsr-3266	40	15	-	-	PUNCT
fsr-3266	40	16	based	base	VERB
fsr-3266	40	17	products	product	NOUN
fsr-3266	40	18	,	,	PUNCT
fsr-3266	40	19	including	include	VERB
fsr-3266	40	20	vix	vix	PROPN
fsr-3266	40	21	futures	future	NOUN
fsr-3266	40	22	,	,	PUNCT
fsr-3266	40	23	options	option	NOUN
fsr-3266	40	24	,	,	PUNCT
fsr-3266	40	25	and	and	CCONJ
fsr-3266	40	26	etps	etps	NOUN
fsr-3266	40	27	.	.	PUNCT
fsr-3266	41	1	empirical	empirical	ADJ
fsr-3266	41	2	evidence	evidence	NOUN
fsr-3266	41	3	presented	present	VERB
fsr-3266	41	4	in	in	ADP
fsr-3266	41	5	whaley	whaley	NOUN
fsr-3266	41	6	(	(	PUNCT
fsr-3266	41	7	2013	2013	NUM
fsr-3266	41	8	)	)	PUNCT
fsr-3266	41	9	,	,	PUNCT
fsr-3266	41	10	74	74	NUM
fsr-3266	41	11	r.	r.	PROPN
fsr-3266	41	12	parker	parker	PROPN
fsr-3266	41	13	clowers	clowers	PROPN
fsr-3266	41	14	,	,	PUNCT
fsr-3266	41	15	t.l	t.l	PROPN
fsr-3266	41	16	.	.	PROPN
fsr-3266	41	17	jones	jones	PROPN
fsr-3266	41	18	/	/	SYM
fsr-3266	41	19	financial	financial	ADJ
fsr-3266	41	20	services	service	NOUN
fsr-3266	41	21	review	review	VERB
fsr-3266	41	22	25	25	NUM
fsr-3266	41	23	(	(	PUNCT
fsr-3266	41	24	2016	2016	NUM
fsr-3266	41	25	)	)	PUNCT
fsr-3266	41	26	73–85	73–85	PROPN
fsr-3266	41	27	who	who	PRON
fsr-3266	41	28	is	be	AUX
fsr-3266	41	29	known	know	VERB
fsr-3266	41	30	as	as	ADP
fsr-3266	41	31	the	the	DET
fsr-3266	41	32	“	"	PUNCT
fsr-3266	41	33	father	father	NOUN
fsr-3266	41	34	of	of	ADP
fsr-3266	41	35	the	the	DET
fsr-3266	41	36	vix	vix	PROPN
fsr-3266	41	37	(	(	PUNCT
fsr-3266	41	38	see	see	VERB
fsr-3266	41	39	whaley	whaley	NOUN
fsr-3266	41	40	,	,	PUNCT
fsr-3266	41	41	1993	1993	NUM
fsr-3266	41	42	)	)	PUNCT
fsr-3266	41	43	,	,	PUNCT
fsr-3266	41	44	”	"	PUNCT
fsr-3266	41	45	and	and	CCONJ
fsr-3266	41	46	others	other	NOUN
fsr-3266	41	47	show	show	VERB
fsr-3266	41	48	that	that	SCONJ
fsr-3266	41	49	investing	invest	VERB
fsr-3266	41	50	in	in	ADP
fsr-3266	41	51	vix	vix	NOUN
fsr-3266	41	52	-	-	PUNCT
fsr-3266	41	53	based	base	VERB
fsr-3266	41	54	etps	etps	NOUN
fsr-3266	41	55	is	be	AUX
fsr-3266	41	56	not	not	PART
fsr-3266	41	57	prudent	prudent	ADJ
fsr-3266	41	58	for	for	ADP
fsr-3266	41	59	a	a	DET
fsr-3266	41	60	buy	buy	VERB
fsr-3266	41	61	-	-	PUNCT
fsr-3266	41	62	and	and	CCONJ
fsr-3266	41	63	-	-	PUNCT
fsr-3266	41	64	hold	hold	VERB
fsr-3266	41	65	strategy	strategy	NOUN
fsr-3266	41	66	.	.	PUNCT
fsr-3266	42	1	the	the	DET
fsr-3266	42	2	vix	vix	PROPN
fsr-3266	42	3	futures	future	NOUN
fsr-3266	42	4	market	market	NOUN
fsr-3266	42	5	is	be	AUX
fsr-3266	42	6	frequently	frequently	ADV
fsr-3266	42	7	in	in	ADP
fsr-3266	42	8	contango	contango	NOUN
fsr-3266	42	9	,	,	PUNCT
fsr-3266	42	10	meaning	mean	VERB
fsr-3266	42	11	that	that	SCONJ
fsr-3266	42	12	the	the	DET
fsr-3266	42	13	price	price	NOUN
fsr-3266	42	14	curve	curve	NOUN
fsr-3266	42	15	for	for	ADP
fsr-3266	42	16	futures	future	NOUN
fsr-3266	42	17	contracts	contract	NOUN
fsr-3266	42	18	slopes	slope	NOUN
fsr-3266	42	19	upward	upward	ADV
fsr-3266	42	20	,	,	PUNCT
fsr-3266	42	21	resulting	result	VERB
fsr-3266	42	22	in	in	ADP
fsr-3266	42	23	a	a	DET
fsr-3266	42	24	decay	decay	NOUN
fsr-3266	42	25	of	of	ADP
fsr-3266	42	26	the	the	DET
fsr-3266	42	27	price	price	NOUN
fsr-3266	42	28	of	of	ADP
fsr-3266	42	29	the	the	DET
fsr-3266	42	30	vix	vix	PROPN
fsr-3266	42	31	futures	future	NOUN
fsr-3266	42	32	contracts	contract	NOUN
fsr-3266	42	33	as	as	ADP
fsr-3266	42	34	they	they	PRON
fsr-3266	42	35	near	near	ADP
fsr-3266	42	36	maturity	maturity	NOUN
fsr-3266	42	37	.	.	PUNCT
fsr-3266	43	1	this	this	DET
fsr-3266	43	2	reduction	reduction	NOUN
fsr-3266	43	3	in	in	ADP
fsr-3266	43	4	vix	vix	PROPN
fsr-3266	43	5	futures	future	NOUN
fsr-3266	43	6	prices	price	NOUN
fsr-3266	43	7	,	,	PUNCT
fsr-3266	43	8	thereby	thereby	ADV
fsr-3266	43	9	reduces	reduce	VERB
fsr-3266	43	10	the	the	DET
fsr-3266	43	11	prices	price	NOUN
fsr-3266	43	12	of	of	ADP
fsr-3266	43	13	the	the	DET
fsr-3266	43	14	etps	etps	NOUN
fsr-3266	43	15	that	that	PRON
fsr-3266	43	16	hold	hold	VERB
fsr-3266	43	17	these	these	DET
fsr-3266	43	18	futures	future	NOUN
fsr-3266	43	19	.	.	PUNCT
fsr-3266	44	1	whaley	whaley	NOUN
fsr-3266	44	2	(	(	PUNCT
fsr-3266	44	3	2013	2013	NUM
fsr-3266	44	4	)	)	PUNCT
fsr-3266	44	5	found	find	VERB
fsr-3266	44	6	that	that	SCONJ
fsr-3266	44	7	the	the	DET
fsr-3266	44	8	price	price	NOUN
fsr-3266	44	9	curve	curve	NOUN
fsr-3266	44	10	for	for	ADP
fsr-3266	44	11	futures	future	NOUN
fsr-3266	44	12	sloped	slope	VERB
fsr-3266	44	13	upward	upward	ADV
fsr-3266	44	14	“	"	PUNCT
fsr-3266	44	15	80	80	NUM
fsr-3266	44	16	%	%	NOUN
fsr-3266	44	17	of	of	ADP
fsr-3266	44	18	all	all	DET
fsr-3266	44	19	trading	trading	NOUN
fsr-3266	44	20	days	day	NOUN
fsr-3266	44	21	for	for	ADP
fsr-3266	44	22	futures	future	NOUN
fsr-3266	44	23	with	with	ADP
fsr-3266	44	24	30	30	NUM
fsr-3266	44	25	-	-	PUNCT
fsr-3266	44	26	day	day	NOUN
fsr-3266	44	27	maturities	maturity	NOUN
fsr-3266	44	28	.	.	PUNCT
fsr-3266	44	29	”	"	PUNCT
fsr-3266	45	1	and	and	CCONJ
fsr-3266	45	2	that	that	SCONJ
fsr-3266	45	3	,	,	PUNCT
fsr-3266	45	4	“	"	PUNCT
fsr-3266	45	5	this	this	DET
fsr-3266	45	6	erosion	erosion	NOUN
fsr-3266	45	7	happens	happen	VERB
fsr-3266	45	8	because	because	SCONJ
fsr-3266	45	9	the	the	DET
fsr-3266	45	10	price	price	NOUN
fsr-3266	45	11	of	of	ADP
fsr-3266	45	12	longer	long	ADV
fsr-3266	45	13	-	-	PUNCT
fsr-3266	45	14	dated	date	VERB
fsr-3266	45	15	futures	future	NOUN
fsr-3266	45	16	contracts	contract	NOUN
fsr-3266	45	17	is	be	AUX
fsr-3266	45	18	almost	almost	ADV
fsr-3266	45	19	always	always	ADV
fsr-3266	45	20	higher	high	ADJ
fsr-3266	45	21	than	than	ADP
fsr-3266	45	22	the	the	DET
fsr-3266	45	23	price	price	NOUN
fsr-3266	45	24	of	of	ADP
fsr-3266	45	25	shorter	shorter	ADV
fsr-3266	45	26	-	-	PUNCT
fsr-3266	45	27	dated	date	VERB
fsr-3266	45	28	futures	future	NOUN
fsr-3266	45	29	contracts	contract	NOUN
fsr-3266	45	30	.	.	PUNCT
fsr-3266	45	31	”	"	PUNCT
fsr-3266	46	1	many	many	ADJ
fsr-3266	46	2	companies	company	NOUN
fsr-3266	46	3	that	that	PRON
fsr-3266	46	4	sponsor	sponsor	VERB
fsr-3266	46	5	vix	vix	NOUN
fsr-3266	46	6	-	-	PUNCT
fsr-3266	46	7	based	base	VERB
fsr-3266	46	8	etps	etps	NOUN
fsr-3266	46	9	note	note	NOUN
fsr-3266	46	10	in	in	ADP
fsr-3266	46	11	the	the	DET
fsr-3266	46	12	prospectus	prospectus	NOUN
fsr-3266	46	13	that	that	PRON
fsr-3266	46	14	these	these	DET
fsr-3266	46	15	funds	fund	NOUN
fsr-3266	46	16	do	do	AUX
fsr-3266	46	17	not	not	PART
fsr-3266	46	18	guarantee	guarantee	VERB
fsr-3266	46	19	return	return	NOUN
fsr-3266	46	20	of	of	ADP
fsr-3266	46	21	principle	principle	NOUN
fsr-3266	46	22	,	,	PUNCT
fsr-3266	46	23	especially	especially	ADV
fsr-3266	46	24	if	if	SCONJ
fsr-3266	46	25	a	a	DET
fsr-3266	46	26	buy	buy	VERB
fsr-3266	46	27	-	-	PUNCT
fsr-3266	46	28	and	and	CCONJ
fsr-3266	46	29	-	-	PUNCT
fsr-3266	46	30	hold	hold	VERB
fsr-3266	46	31	strategy	strategy	NOUN
fsr-3266	46	32	is	be	AUX
fsr-3266	46	33	used	use	VERB
fsr-3266	46	34	over	over	ADP
fsr-3266	46	35	the	the	DET
fsr-3266	46	36	long	long	ADJ
fsr-3266	46	37	term	term	NOUN
fsr-3266	46	38	.	.	PUNCT
fsr-3266	47	1	in	in	ADP
fsr-3266	47	2	fact	fact	NOUN
fsr-3266	47	3	,	,	PUNCT
fsr-3266	47	4	the	the	DET
fsr-3266	47	5	prospectus	prospectus	NOUN
fsr-3266	47	6	from	from	ADP
fsr-3266	47	7	the	the	DET
fsr-3266	47	8	barclays	barclay	NOUN
fsr-3266	47	9	(	(	PUNCT
fsr-3266	47	10	2015	2015	NUM
fsr-3266	47	11	)	)	PUNCT
fsr-3266	47	12	ipath	ipath	PROPN
fsr-3266	47	13	etn	etn	PROPN
fsr-3266	47	14	(	(	PUNCT
fsr-3266	47	15	vxx	vxx	PROPN
fsr-3266	47	16	,	,	PUNCT
fsr-3266	47	17	the	the	DET
fsr-3266	47	18	largest	large	ADJ
fsr-3266	47	19	of	of	ADP
fsr-3266	47	20	these	these	DET
fsr-3266	47	21	etps	etps	NOUN
fsr-3266	47	22	)	)	PUNCT
fsr-3266	47	23	notes	note	NOUN
fsr-3266	47	24	,	,	PUNCT
fsr-3266	47	25	“	"	PUNCT
fsr-3266	47	26	you	you	PRON
fsr-3266	47	27	(	(	PUNCT
fsr-3266	47	28	the	the	DET
fsr-3266	47	29	investor	investor	NOUN
fsr-3266	47	30	)	)	PUNCT
fsr-3266	47	31	may	may	AUX
fsr-3266	47	32	lose	lose	VERB
fsr-3266	47	33	some	some	PRON
fsr-3266	47	34	or	or	CCONJ
fsr-3266	47	35	all	all	PRON
fsr-3266	47	36	of	of	ADP
fsr-3266	47	37	your	your	PRON
fsr-3266	47	38	principal	principal	NOUN
fsr-3266	47	39	if	if	SCONJ
fsr-3266	47	40	you	you	PRON
fsr-3266	47	41	invest	invest	VERB
fsr-3266	47	42	in	in	ADP
fsr-3266	47	43	the	the	DET
fsr-3266	47	44	etns	etns	NOUN
fsr-3266	47	45	.	.	PUNCT
fsr-3266	47	46	”	"	PUNCT
fsr-3266	48	1	in	in	ADP
fsr-3266	48	2	addition	addition	NOUN
fsr-3266	48	3	,	,	PUNCT
fsr-3266	48	4	this	this	DET
fsr-3266	48	5	prospectus	prospectus	NOUN
fsr-3266	48	6	notes	note	VERB
fsr-3266	48	7	,	,	PUNCT
fsr-3266	48	8	“	"	PUNCT
fsr-3266	48	9	your	your	PRON
fsr-3266	48	10	etn	etn	NOUN
fsr-3266	48	11	is	be	AUX
fsr-3266	48	12	not	not	PART
fsr-3266	48	13	linked	link	VERB
fsr-3266	48	14	to	to	ADP
fsr-3266	48	15	the	the	DET
fsr-3266	48	16	vix	vix	PROPN
fsr-3266	48	17	index	index	NOUN
fsr-3266	48	18	.	.	PUNCT
fsr-3266	48	19	”	"	PUNCT
fsr-3266	49	1	whaley	whaley	NOUN
fsr-3266	49	2	(	(	PUNCT
fsr-3266	49	3	2013	2013	NUM
fsr-3266	49	4	)	)	PUNCT
fsr-3266	49	5	notes	note	VERB
fsr-3266	49	6	that	that	SCONJ
fsr-3266	49	7	the	the	DET
fsr-3266	49	8	prospectus	prospectus	NOUN
fsr-3266	49	9	of	of	ADP
fsr-3266	49	10	velocityshares	velocityshare	NOUN
fsr-3266	49	11	notes	note	VERB
fsr-3266	49	12	that	that	SCONJ
fsr-3266	49	13	,	,	PUNCT
fsr-3266	49	14	“	"	PUNCT
fsr-3266	49	15	the	the	DET
fsr-3266	49	16	long	long	ADJ
fsr-3266	49	17	term	term	NOUN
fsr-3266	49	18	expected	expect	VERB
fsr-3266	49	19	value	value	NOUN
fsr-3266	49	20	of	of	ADP
fsr-3266	49	21	your	your	PRON
fsr-3266	49	22	etns	etns	NOUN
fsr-3266	49	23	is	be	AUX
fsr-3266	49	24	zero	zero	NUM
fsr-3266	49	25	.	.	PUNCT
fsr-3266	49	26	”	"	PUNCT
fsr-3266	50	1	however	however	ADV
fsr-3266	50	2	,	,	PUNCT
fsr-3266	50	3	many	many	ADJ
fsr-3266	50	4	individual	individual	ADJ
fsr-3266	50	5	investors	investor	NOUN
fsr-3266	50	6	may	may	AUX
fsr-3266	50	7	overlook	overlook	VERB
fsr-3266	50	8	these	these	DET
fsr-3266	50	9	facts	fact	NOUN
fsr-3266	50	10	.	.	PUNCT
fsr-3266	51	1	jones	jones	PROPN
fsr-3266	51	2	(	(	PUNCT
fsr-3266	51	3	2011	2011	NUM
fsr-3266	51	4	)	)	PUNCT
fsr-3266	51	5	discusses	discuss	VERB
fsr-3266	51	6	investing	invest	VERB
fsr-3266	51	7	in	in	ADP
fsr-3266	51	8	the	the	DET
fsr-3266	51	9	nearby	nearby	ADJ
fsr-3266	51	10	vix	vix	PROPN
fsr-3266	51	11	futures	future	NOUN
fsr-3266	51	12	contracts	contract	NOUN
fsr-3266	51	13	and	and	CCONJ
fsr-3266	51	14	shows	show	VERB
fsr-3266	51	15	the	the	DET
fsr-3266	51	16	damaging	damaging	ADJ
fsr-3266	51	17	effects	effect	NOUN
fsr-3266	51	18	on	on	ADP
fsr-3266	51	19	a	a	DET
fsr-3266	51	20	portfolio	portfolio	NOUN
fsr-3266	51	21	of	of	ADP
fsr-3266	51	22	a	a	DET
fsr-3266	51	23	buy	buy	VERB
fsr-3266	51	24	-	-	PUNCT
fsr-3266	51	25	and	and	CCONJ
fsr-3266	51	26	-	-	PUNCT
fsr-3266	51	27	hold	hold	VERB
fsr-3266	51	28	strategy	strategy	NOUN
fsr-3266	51	29	along	along	ADP
fsr-3266	51	30	with	with	ADP
fsr-3266	51	31	how	how	SCONJ
fsr-3266	51	32	poorly	poorly	ADV
fsr-3266	51	33	vix	vix	NOUN
fsr-3266	51	34	futures	future	NOUN
fsr-3266	51	35	track	track	VERB
fsr-3266	51	36	the	the	DET
fsr-3266	51	37	vix	vix	PROPN
fsr-3266	51	38	index	index	NOUN
fsr-3266	51	39	.	.	PUNCT
fsr-3266	52	1	lu	lu	PROPN
fsr-3266	52	2	,	,	PUNCT
fsr-3266	52	3	wang	wang	PROPN
fsr-3266	52	4	,	,	PUNCT
fsr-3266	52	5	and	and	CCONJ
fsr-3266	52	6	zhang	zhang	PROPN
fsr-3266	52	7	(	(	PUNCT
fsr-3266	52	8	2012	2012	NUM
fsr-3266	52	9	)	)	PUNCT
fsr-3266	52	10	examine	examine	VERB
fsr-3266	52	11	leveraged	leveraged	ADJ
fsr-3266	52	12	and	and	CCONJ
fsr-3266	52	13	inverse	inverse	NOUN
fsr-3266	52	14	etfs	etfs	NOUN
fsr-3266	52	15	and	and	CCONJ
fsr-3266	52	16	note	note	VERB
fsr-3266	52	17	how	how	SCONJ
fsr-3266	52	18	,	,	PUNCT
fsr-3266	52	19	over	over	ADP
fsr-3266	52	20	time	time	NOUN
fsr-3266	52	21	,	,	PUNCT
fsr-3266	52	22	these	these	DET
fsr-3266	52	23	products	product	NOUN
fsr-3266	52	24	do	do	AUX
fsr-3266	52	25	not	not	PART
fsr-3266	52	26	accurately	accurately	ADV
fsr-3266	52	27	track	track	VERB
fsr-3266	52	28	the	the	DET
fsr-3266	52	29	leveraged	leveraged	ADJ
fsr-3266	52	30	or	or	CCONJ
fsr-3266	52	31	inverse	inverse	ADJ
fsr-3266	52	32	return	return	NOUN
fsr-3266	52	33	of	of	ADP
fsr-3266	52	34	the	the	DET
fsr-3266	52	35	benchmark	benchmark	NOUN
fsr-3266	52	36	they	they	PRON
fsr-3266	52	37	are	be	AUX
fsr-3266	52	38	deigned	deign	VERB
fsr-3266	52	39	to	to	PART
fsr-3266	52	40	mimic	mimic	VERB
fsr-3266	52	41	.	.	PUNCT
fsr-3266	53	1	copeland	copeland	PROPN
fsr-3266	53	2	and	and	CCONJ
fsr-3266	53	3	copeland	copeland	PROPN
fsr-3266	53	4	(	(	PUNCT
fsr-3266	53	5	1999	1999	NUM
fsr-3266	53	6	)	)	PUNCT
fsr-3266	53	7	review	review	VERB
fsr-3266	53	8	how	how	SCONJ
fsr-3266	53	9	changes	change	NOUN
fsr-3266	53	10	in	in	ADP
fsr-3266	53	11	the	the	DET
fsr-3266	53	12	vix	vix	PROPN
fsr-3266	53	13	index	index	NOUN
fsr-3266	53	14	are	be	AUX
fsr-3266	53	15	leading	lead	VERB
fsr-3266	53	16	indicators	indicator	NOUN
fsr-3266	53	17	of	of	ADP
fsr-3266	53	18	market	market	NOUN
fsr-3266	53	19	performance	performance	NOUN
fsr-3266	53	20	.	.	PUNCT
fsr-3266	54	1	they	they	PRON
fsr-3266	54	2	show	show	VERB
fsr-3266	54	3	that	that	SCONJ
fsr-3266	54	4	,	,	PUNCT
fsr-3266	54	5	after	after	ADP
fsr-3266	54	6	the	the	DET
fsr-3266	54	7	vix	vix	PROPN
fsr-3266	54	8	index	index	NOUN
fsr-3266	54	9	increases	increase	NOUN
fsr-3266	54	10	,	,	PUNCT
fsr-3266	54	11	portfolios	portfolio	NOUN
fsr-3266	54	12	of	of	ADP
fsr-3266	54	13	large	large	ADJ
fsr-3266	54	14	cap	cap	NOUN
fsr-3266	54	15	stocks	stock	NOUN
fsr-3266	54	16	outperform	outperform	VERB
fsr-3266	54	17	small	small	ADJ
fsr-3266	54	18	caps	cap	NOUN
fsr-3266	54	19	and	and	CCONJ
fsr-3266	54	20	portfolios	portfolio	NOUN
fsr-3266	54	21	of	of	ADP
fsr-3266	54	22	value	value	NOUN
fsr-3266	54	23	stocks	stock	NOUN
fsr-3266	54	24	outperform	outperform	VERB
fsr-3266	54	25	growth	growth	NOUN
fsr-3266	54	26	,	,	PUNCT
fsr-3266	54	27	while	while	SCONJ
fsr-3266	54	28	the	the	DET
fsr-3266	54	29	reverse	reverse	NOUN
fsr-3266	54	30	occurs	occur	VERB
fsr-3266	54	31	,	,	PUNCT
fsr-3266	54	32	after	after	SCONJ
fsr-3266	54	33	the	the	DET
fsr-3266	54	34	vix	vix	PROPN
fsr-3266	54	35	index	index	NOUN
fsr-3266	54	36	decreases	decrease	VERB
fsr-3266	54	37	.	.	PUNCT
fsr-3266	55	1	following	follow	VERB
fsr-3266	55	2	copeland	copeland	PROPN
fsr-3266	55	3	and	and	CCONJ
fsr-3266	55	4	copeland	copeland	PROPN
fsr-3266	55	5	,	,	PUNCT
fsr-3266	55	6	boscaljon	boscaljon	NOUN
fsr-3266	55	7	,	,	PUNCT
fsr-3266	55	8	filbeck	filbeck	NOUN
fsr-3266	55	9	,	,	PUNCT
fsr-3266	55	10	and	and	CCONJ
fsr-3266	55	11	zhao	zhao	X
fsr-3266	55	12	(	(	PUNCT
fsr-3266	55	13	2011	2011	NUM
fsr-3266	55	14	)	)	PUNCT
fsr-3266	55	15	examine	examine	VERB
fsr-3266	55	16	a	a	DET
fsr-3266	55	17	longer	long	ADJ
fsr-3266	55	18	timeframe	timeframe	NOUN
fsr-3266	55	19	and	and	CCONJ
fsr-3266	55	20	note	note	VERB
fsr-3266	55	21	that	that	SCONJ
fsr-3266	55	22	the	the	DET
fsr-3266	55	23	vix	vix	PROPN
fsr-3266	55	24	index	index	NOUN
fsr-3266	55	25	can	can	AUX
fsr-3266	55	26	be	be	AUX
fsr-3266	55	27	used	use	VERB
fsr-3266	55	28	to	to	AUX
fsr-3266	55	29	time	time	NOUN
fsr-3266	55	30	changes	change	NOUN
fsr-3266	55	31	in	in	ADP
fsr-3266	55	32	rebalancing	rebalancing	NOUN
fsr-3266	55	33	between	between	ADP
fsr-3266	55	34	value	value	NOUN
fsr-3266	55	35	and	and	CCONJ
fsr-3266	55	36	growth	growth	NOUN
fsr-3266	55	37	stocks	stock	NOUN
fsr-3266	55	38	for	for	ADP
fsr-3266	55	39	holding	hold	VERB
fsr-3266	55	40	periods	period	NOUN
fsr-3266	55	41	of	of	ADP
fsr-3266	55	42	longer	long	ADJ
fsr-3266	55	43	than	than	ADP
fsr-3266	55	44	30	30	NUM
fsr-3266	55	45	days	day	NOUN
fsr-3266	55	46	.	.	PUNCT
fsr-3266	56	1	efremidze	efremidze	NOUN
fsr-3266	56	2	,	,	PUNCT
fsr-3266	56	3	dilellio	dilellio	NOUN
fsr-3266	56	4	,	,	PUNCT
fsr-3266	56	5	and	and	CCONJ
fsr-3266	56	6	stanley	stanley	NOUN
fsr-3266	56	7	(	(	PUNCT
fsr-3266	56	8	2014	2014	NUM
fsr-3266	56	9	)	)	PUNCT
fsr-3266	56	10	further	far	ADV
fsr-3266	56	11	the	the	DET
fsr-3266	56	12	examination	examination	NOUN
fsr-3266	56	13	of	of	ADP
fsr-3266	56	14	this	this	DET
fsr-3266	56	15	style	style	NOUN
fsr-3266	56	16	rotation	rotation	NOUN
fsr-3266	56	17	strategy	strategy	NOUN
fsr-3266	56	18	and	and	CCONJ
fsr-3266	56	19	note	note	VERB
fsr-3266	56	20	that	that	SCONJ
fsr-3266	56	21	style	style	NOUN
fsr-3266	56	22	rotations	rotation	NOUN
fsr-3266	56	23	between	between	ADP
fsr-3266	56	24	value	value	NOUN
fsr-3266	56	25	and	and	CCONJ
fsr-3266	56	26	growth	growth	NOUN
fsr-3266	56	27	using	use	VERB
fsr-3266	56	28	entropy	entropy	NOUN
fsr-3266	56	29	measures	measure	NOUN
fsr-3266	56	30	appear	appear	VERB
fsr-3266	56	31	to	to	PART
fsr-3266	56	32	yield	yield	VERB
fsr-3266	56	33	significant	significant	ADJ
fsr-3266	56	34	risk	risk	NOUN
fsr-3266	56	35	-	-	PUNCT
fsr-3266	56	36	adjusted	adjust	VERB
fsr-3266	56	37	returns	return	NOUN
fsr-3266	56	38	.	.	PUNCT
fsr-3266	57	1	many	many	ADJ
fsr-3266	57	2	studies	study	NOUN
fsr-3266	57	3	also	also	ADV
fsr-3266	57	4	examine	examine	VERB
fsr-3266	57	5	the	the	DET
fsr-3266	57	6	performance	performance	NOUN
fsr-3266	57	7	of	of	ADP
fsr-3266	57	8	funds	fund	NOUN
fsr-3266	57	9	and	and	CCONJ
fsr-3266	57	10	whether	whether	SCONJ
fsr-3266	57	11	these	these	DET
fsr-3266	57	12	vehicles	vehicle	NOUN
fsr-3266	57	13	add	add	VERB
fsr-3266	57	14	value	value	NOUN
fsr-3266	57	15	to	to	ADP
fsr-3266	57	16	investors	investor	NOUN
fsr-3266	57	17	’	’	PART
fsr-3266	57	18	portfolios	portfolio	NOUN
fsr-3266	57	19	.	.	PUNCT
fsr-3266	58	1	chang	chang	PROPN
fsr-3266	58	2	and	and	CCONJ
fsr-3266	58	3	krueger	krueger	PROPN
fsr-3266	58	4	(	(	PUNCT
fsr-3266	58	5	2010	2010	NUM
fsr-3266	58	6	)	)	PUNCT
fsr-3266	58	7	look	look	VERB
fsr-3266	58	8	at	at	ADP
fsr-3266	58	9	enhanced	enhanced	ADJ
fsr-3266	58	10	index	index	NOUN
fsr-3266	58	11	funds	fund	NOUN
fsr-3266	58	12	,	,	PUNCT
fsr-3266	58	13	which	which	PRON
fsr-3266	58	14	include	include	VERB
fsr-3266	58	15	inverse	inverse	NOUN
fsr-3266	58	16	and	and	CCONJ
fsr-3266	58	17	leveraged	leveraged	ADJ
fsr-3266	58	18	funds	fund	NOUN
fsr-3266	58	19	,	,	PUNCT
fsr-3266	58	20	and	and	CCONJ
fsr-3266	58	21	find	find	VERB
fsr-3266	58	22	that	that	SCONJ
fsr-3266	58	23	these	these	DET
fsr-3266	58	24	funds	fund	NOUN
fsr-3266	58	25	,	,	PUNCT
fsr-3266	58	26	as	as	ADP
fsr-3266	58	27	a	a	DET
fsr-3266	58	28	whole	whole	NOUN
fsr-3266	58	29	,	,	PUNCT
fsr-3266	58	30	perform	perform	VERB
fsr-3266	58	31	worse	bad	ADJ
fsr-3266	58	32	than	than	ADP
fsr-3266	58	33	the	the	DET
fsr-3266	58	34	pure	pure	ADJ
fsr-3266	58	35	index	index	NOUN
fsr-3266	58	36	,	,	PUNCT
fsr-3266	58	37	with	with	ADP
fsr-3266	58	38	lower	low	ADJ
fsr-3266	58	39	returns	return	NOUN
fsr-3266	58	40	and	and	CCONJ
fsr-3266	58	41	higher	high	ADJ
fsr-3266	58	42	risks	risk	NOUN
fsr-3266	58	43	.	.	PUNCT
fsr-3266	59	1	these	these	DET
fsr-3266	59	2	authors	author	NOUN
fsr-3266	59	3	note	note	VERB
fsr-3266	59	4	that	that	SCONJ
fsr-3266	59	5	investors	investor	NOUN
fsr-3266	59	6	should	should	AUX
fsr-3266	59	7	be	be	AUX
fsr-3266	59	8	wary	wary	ADJ
fsr-3266	59	9	of	of	ADP
fsr-3266	59	10	enhanced	enhanced	ADJ
fsr-3266	59	11	index	index	NOUN
fsr-3266	59	12	funds	fund	NOUN
fsr-3266	59	13	.	.	PUNCT
fsr-3266	60	1	along	along	ADP
fsr-3266	60	2	these	these	DET
fsr-3266	60	3	lines	line	NOUN
fsr-3266	60	4	,	,	PUNCT
fsr-3266	60	5	dilellio	dilellio	NOUN
fsr-3266	60	6	,	,	PUNCT
fsr-3266	60	7	hesse	hesse	PROPN
fsr-3266	60	8	,	,	PUNCT
fsr-3266	60	9	and	and	CCONJ
fsr-3266	60	10	stanley	stanley	PROPN
fsr-3266	60	11	(	(	PUNCT
fsr-3266	60	12	2014	2014	NUM
fsr-3266	60	13	)	)	PUNCT
fsr-3266	60	14	note	note	VERB
fsr-3266	60	15	that	that	SCONJ
fsr-3266	60	16	inverse	inverse	NOUN
fsr-3266	60	17	and	and	CCONJ
fsr-3266	60	18	leveraged	leveraged	ADJ
fsr-3266	60	19	etfs	etfs	NOUN
fsr-3266	60	20	can	can	AUX
fsr-3266	60	21	provide	provide	VERB
fsr-3266	60	22	diversification	diversification	NOUN
fsr-3266	60	23	benefits	benefit	NOUN
fsr-3266	60	24	.	.	PUNCT
fsr-3266	61	1	annual	annual	ADJ
fsr-3266	61	2	rebalancing	rebalancing	NOUN
fsr-3266	61	3	with	with	ADP
fsr-3266	61	4	a	a	DET
fsr-3266	61	5	10	10	NUM
fsr-3266	61	6	%	%	NOUN
fsr-3266	61	7	allocation	allocation	NOUN
fsr-3266	61	8	to	to	ADP
fsr-3266	61	9	an	an	DET
fsr-3266	61	10	inverse	inverse	NOUN
fsr-3266	61	11	stock	stock	NOUN
fsr-3266	61	12	fund	fund	NOUN
fsr-3266	61	13	reduced	reduce	VERB
fsr-3266	61	14	the	the	DET
fsr-3266	61	15	coefficient	coefficient	NOUN
fsr-3266	61	16	of	of	ADP
fsr-3266	61	17	variation	variation	NOUN
fsr-3266	61	18	of	of	ADP
fsr-3266	61	19	terminal	terminal	ADJ
fsr-3266	61	20	wealth	wealth	NOUN
fsr-3266	61	21	under	under	ADP
fsr-3266	61	22	flat	flat	ADJ
fsr-3266	61	23	and	and	CCONJ
fsr-3266	61	24	rising	rise	VERB
fsr-3266	61	25	returns	return	NOUN
fsr-3266	61	26	but	but	CCONJ
fsr-3266	61	27	without	without	ADP
fsr-3266	61	28	an	an	DET
fsr-3266	61	29	increase	increase	NOUN
fsr-3266	61	30	in	in	ADP
fsr-3266	61	31	the	the	DET
fsr-3266	61	32	corresponding	corresponding	ADJ
fsr-3266	61	33	sharpe	sharpe	PROPN
fsr-3266	61	34	ratio	ratio	NOUN
fsr-3266	61	35	.	.	PUNCT
fsr-3266	62	1	leveraged	leveraged	ADJ
fsr-3266	62	2	etfs	etfs	NOUN
fsr-3266	62	3	were	be	AUX
fsr-3266	62	4	noted	note	VERB
fsr-3266	62	5	to	to	PART
fsr-3266	62	6	provide	provide	VERB
fsr-3266	62	7	an	an	DET
fsr-3266	62	8	increased	increase	VERB
fsr-3266	62	9	sharpe	sharpe	NOUN
fsr-3266	62	10	ratio	ratio	NOUN
fsr-3266	62	11	but	but	CCONJ
fsr-3266	62	12	without	without	ADP
fsr-3266	62	13	a	a	DET
fsr-3266	62	14	risk	risk	NOUN
fsr-3266	62	15	-	-	PUNCT
fsr-3266	62	16	reward	reward	NOUN
fsr-3266	62	17	benefit	benefit	NOUN
fsr-3266	62	18	in	in	ADP
fsr-3266	62	19	terminal	terminal	ADJ
fsr-3266	62	20	wealth	wealth	NOUN
fsr-3266	62	21	.	.	PUNCT
fsr-3266	63	1	prather	prather	PROPN
fsr-3266	63	2	et	et	PROPN
fsr-3266	63	3	al	al	PROPN
fsr-3266	63	4	.	.	PROPN
fsr-3266	63	5	,	,	PUNCT
fsr-3266	63	6	(	(	PUNCT
fsr-3266	63	7	2009	2009	NUM
fsr-3266	63	8	)	)	PUNCT
fsr-3266	63	9	examine	examine	VERB
fsr-3266	63	10	s&p	s&p	PROPN
fsr-3266	63	11	500	500	NUM
fsr-3266	63	12	mutual	mutual	ADJ
fsr-3266	63	13	funds	fund	NOUN
fsr-3266	63	14	against	against	ADP
fsr-3266	63	15	s&p	s&p	PROPN
fsr-3266	63	16	500	500	NUM
fsr-3266	63	17	etfs	etfs	NOUN
fsr-3266	63	18	and	and	CCONJ
fsr-3266	63	19	note	note	VERB
fsr-3266	63	20	that	that	SCONJ
fsr-3266	63	21	when	when	SCONJ
fsr-3266	63	22	total	total	ADJ
fsr-3266	63	23	annual	annual	ADJ
fsr-3266	63	24	costs	cost	NOUN
fsr-3266	63	25	of	of	ADP
fsr-3266	63	26	each	each	PRON
fsr-3266	63	27	are	be	AUX
fsr-3266	63	28	considered	consider	VERB
fsr-3266	63	29	,	,	PUNCT
fsr-3266	63	30	using	use	VERB
fsr-3266	63	31	their	their	PRON
fsr-3266	63	32	model	model	NOUN
fsr-3266	63	33	,	,	PUNCT
fsr-3266	63	34	that	that	SCONJ
fsr-3266	63	35	etfs	etfs	NOUN
fsr-3266	63	36	dominate	dominate	VERB
fsr-3266	63	37	the	the	DET
fsr-3266	63	38	mutual	mutual	ADJ
fsr-3266	63	39	funds	fund	NOUN
fsr-3266	63	40	for	for	ADP
fsr-3266	63	41	inclusion	inclusion	NOUN
fsr-3266	63	42	in	in	ADP
fsr-3266	63	43	individual	individual	ADJ
fsr-3266	63	44	investors	investor	NOUN
fsr-3266	63	45	’	'	PUNCT
fsr-3266	63	46	portfolios	portfolio	NOUN
fsr-3266	63	47	.	.	PUNCT
fsr-3266	64	1	dilellio	dilellio	PROPN
fsr-3266	64	2	and	and	CCONJ
fsr-3266	64	3	stanley	stanley	PROPN
fsr-3266	64	4	(	(	PUNCT
fsr-3266	64	5	2011	2011	NUM
fsr-3266	64	6	)	)	PUNCT
fsr-3266	64	7	examine	examine	VERB
fsr-3266	64	8	whether	whether	SCONJ
fsr-3266	64	9	etf	etf	NOUN
fsr-3266	64	10	-	-	PUNCT
fsr-3266	64	11	only	only	ADJ
fsr-3266	64	12	strategies	strategy	NOUN
fsr-3266	64	13	can	can	AUX
fsr-3266	64	14	outperform	outperform	VERB
fsr-3266	64	15	the	the	DET
fsr-3266	64	16	s&p	s&p	PROPN
fsr-3266	64	17	500	500	NUM
fsr-3266	64	18	and	and	CCONJ
fsr-3266	64	19	a	a	DET
fsr-3266	64	20	buy	buy	VERB
fsr-3266	64	21	-	-	PUNCT
fsr-3266	64	22	and	and	CCONJ
fsr-3266	64	23	-	-	PUNCT
fsr-3266	64	24	hold	hold	VERB
fsr-3266	64	25	benchmark	benchmark	NOUN
fsr-3266	64	26	.	.	PUNCT
fsr-3266	65	1	they	they	PRON
fsr-3266	65	2	conclude	conclude	VERB
fsr-3266	65	3	that	that	SCONJ
fsr-3266	65	4	75r	75r	NOUN
fsr-3266	65	5	.	.	PUNCT
fsr-3266	66	1	parker	parker	PROPN
fsr-3266	66	2	clowers	clowers	PROPN
fsr-3266	66	3	,	,	PUNCT
fsr-3266	66	4	t.l	t.l	PROPN
fsr-3266	66	5	.	.	PROPN
fsr-3266	66	6	jones	jones	PROPN
fsr-3266	66	7	/	/	SYM
fsr-3266	66	8	financial	financial	ADJ
fsr-3266	66	9	services	service	NOUN
fsr-3266	66	10	review	review	VERB
fsr-3266	66	11	25	25	NUM
fsr-3266	66	12	(	(	PUNCT
fsr-3266	66	13	2016	2016	NUM
fsr-3266	66	14	)	)	PUNCT
fsr-3266	66	15	73–85	73–85	NOUN
fsr-3266	66	16	these	these	DET
fsr-3266	66	17	strategies	strategy	NOUN
fsr-3266	66	18	may	may	AUX
fsr-3266	66	19	allow	allow	VERB
fsr-3266	66	20	investors	investor	NOUN
fsr-3266	66	21	to	to	PART
fsr-3266	66	22	capture	capture	VERB
fsr-3266	66	23	inefficiencies	inefficiency	NOUN
fsr-3266	66	24	in	in	ADP
fsr-3266	66	25	equity	equity	NOUN
fsr-3266	66	26	markets	market	NOUN
fsr-3266	66	27	and	and	CCONJ
fsr-3266	66	28	that	that	SCONJ
fsr-3266	66	29	etfs	etfs	NOUN
fsr-3266	66	30	can	can	AUX
fsr-3266	66	31	not	not	PART
fsr-3266	66	32	be	be	AUX
fsr-3266	66	33	ignored	ignore	VERB
fsr-3266	66	34	as	as	ADP
fsr-3266	66	35	potential	potential	ADJ
fsr-3266	66	36	instruments	instrument	NOUN
fsr-3266	66	37	to	to	PART
fsr-3266	66	38	enhance	enhance	VERB
fsr-3266	66	39	portfolio	portfolio	NOUN
fsr-3266	66	40	returns	return	NOUN
fsr-3266	66	41	.	.	PUNCT
fsr-3266	67	1	3	3	X
fsr-3266	67	2	.	.	X
fsr-3266	67	3	specifics	specific	NOUN
fsr-3266	67	4	of	of	ADP
fsr-3266	67	5	vix	vix	NOUN
fsr-3266	67	6	-	-	PUNCT
fsr-3266	67	7	based	base	VERB
fsr-3266	67	8	etps	etps	NOUN
fsr-3266	67	9	etps	etps	NOUN
fsr-3266	67	10	include	include	VERB
fsr-3266	67	11	exchange	exchange	NOUN
fsr-3266	67	12	traded	trade	VERB
fsr-3266	67	13	funds	fund	NOUN
fsr-3266	67	14	(	(	PUNCT
fsr-3266	67	15	etfs	etfs	PROPN
fsr-3266	67	16	)	)	PUNCT
fsr-3266	67	17	and	and	CCONJ
fsr-3266	67	18	exchange	exchange	NOUN
fsr-3266	67	19	traded	trade	VERB
fsr-3266	67	20	notes	note	NOUN
fsr-3266	67	21	(	(	PUNCT
fsr-3266	67	22	etns	etns	NOUN
fsr-3266	67	23	)	)	PUNCT
fsr-3266	67	24	.	.	PUNCT
fsr-3266	68	1	this	this	DET
fsr-3266	68	2	section	section	NOUN
fsr-3266	68	3	discusses	discuss	VERB
fsr-3266	68	4	the	the	DET
fsr-3266	68	5	similarities	similarity	NOUN
fsr-3266	68	6	and	and	CCONJ
fsr-3266	68	7	differences	difference	NOUN
fsr-3266	68	8	of	of	ADP
fsr-3266	68	9	etfs	etfs	NOUN
fsr-3266	68	10	and	and	CCONJ
fsr-3266	68	11	etns	etns	VERB
fsr-3266	68	12	and	and	CCONJ
fsr-3266	68	13	also	also	ADV
fsr-3266	68	14	notes	note	NOUN
fsr-3266	68	15	which	which	PRON
fsr-3266	68	16	vix	vix	NOUN
fsr-3266	68	17	-	-	PUNCT
fsr-3266	68	18	based	base	VERB
fsr-3266	68	19	etps	etps	NOUN
fsr-3266	68	20	are	be	AUX
fsr-3266	68	21	classified	classify	VERB
fsr-3266	68	22	as	as	ADP
fsr-3266	68	23	etfs	etfs	PROPN
fsr-3266	68	24	and	and	CCONJ
fsr-3266	68	25	which	which	PRON
fsr-3266	68	26	are	be	AUX
fsr-3266	68	27	classified	classify	VERB
fsr-3266	68	28	as	as	ADP
fsr-3266	68	29	etns	etns	ADJ
fsr-3266	68	30	.	.	PUNCT
fsr-3266	69	1	as	as	SCONJ
fsr-3266	69	2	shown	show	VERB
fsr-3266	69	3	in	in	ADP
fsr-3266	69	4	the	the	DET
fsr-3266	69	5	next	next	ADJ
fsr-3266	69	6	section	section	NOUN
fsr-3266	69	7	,	,	PUNCT
fsr-3266	69	8	none	none	NOUN
fsr-3266	69	9	of	of	ADP
fsr-3266	69	10	these	these	DET
fsr-3266	69	11	funds	fund	NOUN
fsr-3266	69	12	precisely	precisely	ADV
fsr-3266	69	13	track	track	VERB
fsr-3266	69	14	the	the	DET
fsr-3266	69	15	vix	vix	PROPN
fsr-3266	69	16	index	index	NOUN
fsr-3266	69	17	,	,	PUNCT
fsr-3266	69	18	since	since	SCONJ
fsr-3266	69	19	the	the	DET
fsr-3266	69	20	assets	asset	NOUN
fsr-3266	69	21	underlying	underlie	VERB
fsr-3266	69	22	the	the	DET
fsr-3266	69	23	etps	etps	NOUN
fsr-3266	69	24	are	be	AUX
fsr-3266	69	25	vix	vix	PROPN
fsr-3266	69	26	futures	future	NOUN
fsr-3266	69	27	contracts	contract	NOUN
fsr-3266	69	28	.	.	PUNCT
fsr-3266	70	1	most	most	ADJ
fsr-3266	70	2	vix	vix	NOUN
fsr-3266	70	3	-	-	PUNCT
fsr-3266	70	4	based	base	VERB
fsr-3266	70	5	etps	etps	NOUN
fsr-3266	70	6	are	be	AUX
fsr-3266	70	7	futures	future	NOUN
fsr-3266	70	8	based	base	VERB
fsr-3266	70	9	,	,	PUNCT
fsr-3266	70	10	and	and	CCONJ
fsr-3266	70	11	the	the	DET
fsr-3266	70	12	index	index	NOUN
fsr-3266	70	13	they	they	PRON
fsr-3266	70	14	are	be	AUX
fsr-3266	70	15	replicating	replicate	VERB
fsr-3266	70	16	is	be	AUX
fsr-3266	70	17	usually	usually	ADV
fsr-3266	70	18	the	the	DET
fsr-3266	70	19	s&p	s&p	PROPN
fsr-3266	70	20	st	st	PROPN
fsr-3266	70	21	index	index	PROPN
fsr-3266	70	22	,	,	PUNCT
fsr-3266	70	23	which	which	PRON
fsr-3266	70	24	is	be	AUX
fsr-3266	70	25	not	not	PART
fsr-3266	70	26	the	the	DET
fsr-3266	70	27	vix	vix	PROPN
fsr-3266	70	28	index	index	NOUN
fsr-3266	70	29	but	but	CCONJ
fsr-3266	70	30	an	an	DET
fsr-3266	70	31	index	index	NOUN
fsr-3266	70	32	created	create	VERB
fsr-3266	70	33	using	use	VERB
fsr-3266	70	34	vix	vix	PROPN
fsr-3266	70	35	futures	future	NOUN
fsr-3266	70	36	contracts	contract	NOUN
fsr-3266	70	37	.	.	PUNCT
fsr-3266	71	1	the	the	DET
fsr-3266	71	2	vix	vix	NOUN
fsr-3266	71	3	-	-	PUNCT
fsr-3266	71	4	based	base	VERB
fsr-3266	71	5	etps	etps	NOUN
fsr-3266	71	6	(	(	PUNCT
fsr-3266	71	7	to	to	PART
fsr-3266	71	8	replicate	replicate	VERB
fsr-3266	71	9	the	the	DET
fsr-3266	71	10	s&p	s&p	PROPN
fsr-3266	71	11	st	st	PROPN
fsr-3266	71	12	index	index	PROPN
fsr-3266	71	13	)	)	PUNCT
fsr-3266	71	14	must	must	AUX
fsr-3266	71	15	then	then	ADV
fsr-3266	71	16	constantly	constantly	ADV
fsr-3266	71	17	sell	sell	VERB
fsr-3266	71	18	the	the	DET
fsr-3266	71	19	current	current	ADJ
fsr-3266	71	20	month	month	NOUN
fsr-3266	71	21	futures	future	NOUN
fsr-3266	71	22	and	and	CCONJ
fsr-3266	71	23	buy	buy	VERB
fsr-3266	71	24	the	the	DET
fsr-3266	71	25	subsequent	subsequent	ADJ
fsr-3266	71	26	month	month	NOUN
fsr-3266	71	27	futures	future	NOUN
fsr-3266	71	28	,	,	PUNCT
fsr-3266	71	29	to	to	PART
fsr-3266	71	30	keep	keep	VERB
fsr-3266	71	31	the	the	DET
fsr-3266	71	32	constant	constant	ADJ
fsr-3266	71	33	30	30	NUM
fsr-3266	71	34	-	-	PUNCT
fsr-3266	71	35	day	day	NOUN
fsr-3266	71	36	maturity	maturity	NOUN
fsr-3266	71	37	.	.	PUNCT
fsr-3266	72	1	because	because	SCONJ
fsr-3266	72	2	the	the	DET
fsr-3266	72	3	vix	vix	PROPN
fsr-3266	72	4	futures	future	NOUN
fsr-3266	72	5	price	price	NOUN
fsr-3266	72	6	curve	curve	NOUN
fsr-3266	72	7	tends	tend	VERB
fsr-3266	72	8	to	to	PART
fsr-3266	72	9	be	be	AUX
fsr-3266	72	10	in	in	ADP
fsr-3266	72	11	contango	contango	NOUN
fsr-3266	72	12	(	(	PUNCT
fsr-3266	72	13	i.e.	i.e.	X
fsr-3266	72	14	,	,	PUNCT
fsr-3266	72	15	slope	slope	VERB
fsr-3266	72	16	upward	upward	ADV
fsr-3266	72	17	and	and	CCONJ
fsr-3266	72	18	becoming	become	VERB
fsr-3266	72	19	more	more	ADV
fsr-3266	72	20	expensive	expensive	ADJ
fsr-3266	72	21	with	with	ADP
fsr-3266	72	22	maturity	maturity	NOUN
fsr-3266	72	23	)	)	PUNCT
fsr-3266	72	24	,	,	PUNCT
fsr-3266	72	25	the	the	DET
fsr-3266	72	26	value	value	NOUN
fsr-3266	72	27	of	of	ADP
fsr-3266	72	28	the	the	DET
fsr-3266	72	29	etps	etps	NOUN
fsr-3266	72	30	will	will	AUX
fsr-3266	72	31	deteriorate	deteriorate	VERB
fsr-3266	72	32	over	over	ADP
fsr-3266	72	33	time	time	NOUN
fsr-3266	72	34	,	,	PUNCT
fsr-3266	72	35	because	because	SCONJ
fsr-3266	72	36	of	of	ADP
fsr-3266	72	37	the	the	DET
fsr-3266	72	38	purchasing	purchasing	NOUN
fsr-3266	72	39	of	of	ADP
fsr-3266	72	40	higher	high	ADJ
fsr-3266	72	41	priced	price	VERB
fsr-3266	72	42	second	second	ADJ
fsr-3266	72	43	month	month	NOUN
fsr-3266	72	44	out	out	ADP
fsr-3266	72	45	contracts	contract	NOUN
fsr-3266	72	46	and	and	CCONJ
fsr-3266	72	47	selling	selling	NOUN
fsr-3266	72	48	of	of	ADP
fsr-3266	72	49	the	the	DET
fsr-3266	72	50	current	current	ADJ
fsr-3266	72	51	month	month	NOUN
fsr-3266	72	52	.	.	PUNCT
fsr-3266	73	1	thus	thus	ADV
fsr-3266	73	2	,	,	PUNCT
fsr-3266	73	3	there	there	PRON
fsr-3266	73	4	is	be	VERB
fsr-3266	73	5	usually	usually	ADV
fsr-3266	73	6	a	a	DET
fsr-3266	73	7	built	build	VERB
fsr-3266	73	8	in	in	ADP
fsr-3266	73	9	“	"	PUNCT
fsr-3266	73	10	buy	buy	VERB
fsr-3266	73	11	high	high	ADJ
fsr-3266	73	12	,	,	PUNCT
fsr-3266	73	13	sell	sell	VERB
fsr-3266	73	14	low	low	ADJ
fsr-3266	73	15	”	"	PUNCT
fsr-3266	73	16	trade	trade	NOUN
fsr-3266	73	17	embedded	embed	VERB
fsr-3266	73	18	in	in	ADP
fsr-3266	73	19	these	these	DET
fsr-3266	73	20	funds	fund	NOUN
fsr-3266	73	21	.	.	PUNCT
fsr-3266	74	1	one	one	NUM
fsr-3266	74	2	etp	etp	PROPN
fsr-3266	74	3	in	in	ADP
fsr-3266	74	4	our	our	PRON
fsr-3266	74	5	sample	sample	NOUN
fsr-3266	74	6	(	(	PUNCT
fsr-3266	74	7	vxz	vxz	PROPN
fsr-3266	74	8	)	)	PUNCT
fsr-3266	74	9	replicates	replicate	VERB
fsr-3266	74	10	the	the	DET
fsr-3266	74	11	return	return	NOUN
fsr-3266	74	12	of	of	ADP
fsr-3266	74	13	the	the	DET
fsr-3266	74	14	s&p	s&p	PROPN
fsr-3266	74	15	500	500	NUM
fsr-3266	74	16	vix	vix	PROPN
fsr-3266	74	17	futures	future	NOUN
fsr-3266	74	18	mid	mid	ADJ
fsr-3266	74	19	-	-	ADJ
fsr-3266	74	20	term	term	NOUN
fsr-3266	74	21	index	index	NOUN
fsr-3266	74	22	,	,	PUNCT
fsr-3266	74	23	which	which	PRON
fsr-3266	74	24	is	be	AUX
fsr-3266	74	25	constructed	construct	VERB
fsr-3266	74	26	in	in	ADP
fsr-3266	74	27	a	a	DET
fsr-3266	74	28	similar	similar	ADJ
fsr-3266	74	29	manner	manner	NOUN
fsr-3266	74	30	to	to	ADP
fsr-3266	74	31	the	the	DET
fsr-3266	74	32	s&p	s&p	PROPN
fsr-3266	74	33	st	st	PROPN
fsr-3266	74	34	index	index	PROPN
fsr-3266	74	35	,	,	PUNCT
fsr-3266	74	36	though	though	SCONJ
fsr-3266	74	37	uses	use	VERB
fsr-3266	74	38	a	a	DET
fsr-3266	74	39	5	5	NUM
fsr-3266	74	40	-	-	PUNCT
fsr-3266	74	41	month	month	NOUN
fsr-3266	74	42	constant	constant	ADJ
fsr-3266	74	43	maturity	maturity	NOUN
fsr-3266	74	44	,	,	PUNCT
fsr-3266	74	45	rather	rather	ADV
fsr-3266	74	46	than	than	ADP
fsr-3266	74	47	a	a	DET
fsr-3266	74	48	constant	constant	ADJ
fsr-3266	74	49	30	30	NUM
fsr-3266	74	50	-	-	PUNCT
fsr-3266	74	51	day	day	NOUN
fsr-3266	74	52	maturity	maturity	NOUN
fsr-3266	74	53	.	.	PUNCT
fsr-3266	75	1	while	while	SCONJ
fsr-3266	75	2	vix	vix	NOUN
fsr-3266	75	3	-	-	PUNCT
fsr-3266	75	4	based	base	VERB
fsr-3266	75	5	products	product	NOUN
fsr-3266	75	6	are	be	AUX
fsr-3266	75	7	not	not	PART
fsr-3266	75	8	prudent	prudent	ADJ
fsr-3266	75	9	for	for	ADP
fsr-3266	75	10	buy	buy	NOUN
fsr-3266	75	11	-	-	PUNCT
fsr-3266	75	12	and	and	CCONJ
fsr-3266	75	13	-	-	PUNCT
fsr-3266	75	14	hold	hold	NOUN
fsr-3266	75	15	strategies	strategy	NOUN
fsr-3266	75	16	,	,	PUNCT
fsr-3266	75	17	jones	jones	PROPN
fsr-3266	75	18	(	(	PUNCT
fsr-3266	75	19	2011	2011	NUM
fsr-3266	75	20	)	)	PUNCT
fsr-3266	75	21	shows	show	VERB
fsr-3266	75	22	that	that	SCONJ
fsr-3266	75	23	investing	invest	VERB
fsr-3266	75	24	in	in	ADP
fsr-3266	75	25	vix	vix	PROPN
fsr-3266	75	26	futures	future	NOUN
fsr-3266	75	27	in	in	ADP
fsr-3266	75	28	a	a	DET
fsr-3266	75	29	tactical	tactical	ADJ
fsr-3266	75	30	manner	manner	NOUN
fsr-3266	75	31	could	could	AUX
fsr-3266	75	32	lead	lead	VERB
fsr-3266	75	33	to	to	ADP
fsr-3266	75	34	positive	positive	ADJ
fsr-3266	75	35	returns	return	NOUN
fsr-3266	75	36	,	,	PUNCT
fsr-3266	75	37	if	if	SCONJ
fsr-3266	75	38	executed	execute	VERB
fsr-3266	75	39	correctly	correctly	ADV
fsr-3266	75	40	.	.	PUNCT
fsr-3266	76	1	vix	vix	NOUN
fsr-3266	76	2	-	-	PUNCT
fsr-3266	76	3	based	base	VERB
fsr-3266	76	4	investment	investment	NOUN
fsr-3266	76	5	vehicles	vehicle	NOUN
fsr-3266	76	6	,	,	PUNCT
fsr-3266	76	7	however	however	ADV
fsr-3266	76	8	,	,	PUNCT
fsr-3266	76	9	do	do	AUX
fsr-3266	76	10	have	have	VERB
fsr-3266	76	11	to	to	PART
fsr-3266	76	12	be	be	AUX
fsr-3266	76	13	carefully	carefully	ADV
fsr-3266	76	14	monitored	monitor	VERB
fsr-3266	76	15	,	,	PUNCT
fsr-3266	76	16	and	and	CCONJ
fsr-3266	76	17	investors	investor	NOUN
fsr-3266	76	18	should	should	AUX
fsr-3266	76	19	determine	determine	VERB
fsr-3266	76	20	individually	individually	ADV
fsr-3266	76	21	if	if	SCONJ
fsr-3266	76	22	it	it	PRON
fsr-3266	76	23	is	be	AUX
fsr-3266	76	24	wise	wise	ADJ
fsr-3266	76	25	to	to	PART
fsr-3266	76	26	invest	invest	VERB
fsr-3266	76	27	in	in	ADP
fsr-3266	76	28	these	these	DET
fsr-3266	76	29	products	product	NOUN
fsr-3266	76	30	.	.	PUNCT
fsr-3266	77	1	thus	thus	ADV
fsr-3266	77	2	,	,	PUNCT
fsr-3266	77	3	since	since	SCONJ
fsr-3266	77	4	vix	vix	NOUN
fsr-3266	77	5	-	-	PUNCT
fsr-3266	77	6	based	base	VERB
fsr-3266	77	7	etps	etps	NOUN
fsr-3266	77	8	are	be	AUX
fsr-3266	77	9	futures	future	NOUN
fsr-3266	77	10	based	base	VERB
fsr-3266	77	11	,	,	PUNCT
fsr-3266	77	12	the	the	DET
fsr-3266	77	13	investor	investor	NOUN
fsr-3266	77	14	in	in	ADP
fsr-3266	77	15	these	these	DET
fsr-3266	77	16	products	product	NOUN
fsr-3266	77	17	should	should	AUX
fsr-3266	77	18	understand	understand	VERB
fsr-3266	77	19	,	,	PUNCT
fsr-3266	77	20	at	at	ADP
fsr-3266	77	21	a	a	DET
fsr-3266	77	22	minimum	minimum	NOUN
fsr-3266	77	23	,	,	PUNCT
fsr-3266	77	24	the	the	DET
fsr-3266	77	25	relation	relation	NOUN
fsr-3266	77	26	between	between	ADP
fsr-3266	77	27	the	the	DET
fsr-3266	77	28	etps	etps	NOUN
fsr-3266	77	29	and	and	CCONJ
fsr-3266	77	30	the	the	DET
fsr-3266	77	31	vix	vix	PROPN
fsr-3266	77	32	index	index	NOUN
fsr-3266	77	33	,	,	PUNCT
fsr-3266	77	34	upon	upon	SCONJ
fsr-3266	77	35	which	which	PRON
fsr-3266	77	36	these	these	DET
fsr-3266	77	37	investments	investment	NOUN
fsr-3266	77	38	eventually	eventually	ADV
fsr-3266	77	39	settle	settle	VERB
fsr-3266	77	40	upon	upon	SCONJ
fsr-3266	77	41	.	.	PUNCT
fsr-3266	78	1	with	with	ADP
fsr-3266	78	2	this	this	PRON
fsr-3266	78	3	said	say	VERB
fsr-3266	78	4	,	,	PUNCT
fsr-3266	78	5	the	the	DET
fsr-3266	78	6	intent	intent	NOUN
fsr-3266	78	7	of	of	ADP
fsr-3266	78	8	this	this	DET
fsr-3266	78	9	study	study	NOUN
fsr-3266	78	10	is	be	AUX
fsr-3266	78	11	not	not	PART
fsr-3266	78	12	to	to	PART
fsr-3266	78	13	suggest	suggest	VERB
fsr-3266	78	14	that	that	SCONJ
fsr-3266	78	15	individual	individual	ADJ
fsr-3266	78	16	investors	investor	NOUN
fsr-3266	78	17	should	should	AUX
fsr-3266	78	18	avoid	avoid	VERB
fsr-3266	78	19	investing	invest	VERB
fsr-3266	78	20	in	in	ADP
fsr-3266	78	21	vix	vix	NOUN
fsr-3266	78	22	-	-	PUNCT
fsr-3266	78	23	based	base	VERB
fsr-3266	78	24	etps	etps	NOUN
fsr-3266	78	25	entirely	entirely	ADV
fsr-3266	78	26	but	but	CCONJ
fsr-3266	78	27	to	to	PART
fsr-3266	78	28	point	point	VERB
fsr-3266	78	29	out	out	ADP
fsr-3266	78	30	the	the	DET
fsr-3266	78	31	characteristics	characteristic	NOUN
fsr-3266	78	32	of	of	ADP
fsr-3266	78	33	these	these	DET
fsr-3266	78	34	products	product	NOUN
fsr-3266	78	35	and	and	CCONJ
fsr-3266	78	36	caution	caution	VERB
fsr-3266	78	37	investors	investor	NOUN
fsr-3266	78	38	and	and	CCONJ
fsr-3266	78	39	financial	financial	ADJ
fsr-3266	78	40	planners	planner	NOUN
fsr-3266	78	41	of	of	ADP
fsr-3266	78	42	the	the	DET
fsr-3266	78	43	inherent	inherent	ADJ
fsr-3266	78	44	risks	risk	NOUN
fsr-3266	78	45	,	,	PUNCT
fsr-3266	78	46	especially	especially	ADV
fsr-3266	78	47	in	in	ADP
fsr-3266	78	48	the	the	DET
fsr-3266	78	49	longer	long	ADJ
fsr-3266	78	50	-	-	PUNCT
fsr-3266	78	51	term	term	NOUN
fsr-3266	78	52	.	.	PUNCT
fsr-3266	79	1	this	this	DET
fsr-3266	79	2	study	study	NOUN
fsr-3266	79	3	examines	examine	VERB
fsr-3266	79	4	the	the	DET
fsr-3266	79	5	question	question	NOUN
fsr-3266	79	6	of	of	ADP
fsr-3266	79	7	how	how	SCONJ
fsr-3266	79	8	closely	closely	ADV
fsr-3266	79	9	vix	vix	PROPN
fsr-3266	79	10	etps	etps	NOUN
fsr-3266	79	11	really	really	ADV
fsr-3266	79	12	track	track	VERB
fsr-3266	79	13	the	the	DET
fsr-3266	79	14	vix	vix	PROPN
fsr-3266	79	15	index	index	NOUN
fsr-3266	79	16	.	.	PUNCT
fsr-3266	80	1	the	the	DET
fsr-3266	80	2	next	next	ADJ
fsr-3266	80	3	section	section	NOUN
fsr-3266	80	4	presents	present	VERB
fsr-3266	80	5	an	an	DET
fsr-3266	80	6	examination	examination	NOUN
fsr-3266	80	7	of	of	ADP
fsr-3266	80	8	eight	eight	NUM
fsr-3266	80	9	individual	individual	ADJ
fsr-3266	80	10	etps	etps	NOUN
fsr-3266	80	11	and	and	CCONJ
fsr-3266	80	12	notes	note	VERB
fsr-3266	80	13	the	the	DET
fsr-3266	80	14	differences	difference	NOUN
fsr-3266	80	15	between	between	ADP
fsr-3266	80	16	each	each	PRON
fsr-3266	80	17	.	.	PUNCT
fsr-3266	81	1	what	what	PRON
fsr-3266	81	2	follows	follow	VERB
fsr-3266	81	3	then	then	ADV
fsr-3266	81	4	compares	compare	VERB
fsr-3266	81	5	the	the	DET
fsr-3266	81	6	returns	return	NOUN
fsr-3266	81	7	of	of	ADP
fsr-3266	81	8	these	these	DET
fsr-3266	81	9	etps	etps	NOUN
fsr-3266	81	10	against	against	ADP
fsr-3266	81	11	the	the	DET
fsr-3266	81	12	returns	return	NOUN
fsr-3266	81	13	of	of	ADP
fsr-3266	81	14	the	the	DET
fsr-3266	81	15	vix	vix	PROPN
fsr-3266	81	16	index	index	NOUN
fsr-3266	81	17	to	to	PART
fsr-3266	81	18	determine	determine	VERB
fsr-3266	81	19	if	if	SCONJ
fsr-3266	81	20	the	the	DET
fsr-3266	81	21	etp	etp	PROPN
fsr-3266	81	22	returns	return	NOUN
fsr-3266	81	23	do	do	AUX
fsr-3266	81	24	in	in	ADP
fsr-3266	81	25	fact	fact	NOUN
fsr-3266	81	26	track	track	VERB
fsr-3266	81	27	the	the	DET
fsr-3266	81	28	returns	return	NOUN
fsr-3266	81	29	of	of	ADP
fsr-3266	81	30	the	the	DET
fsr-3266	81	31	vix	vix	PROPN
fsr-3266	81	32	index	index	NOUN
fsr-3266	81	33	and	and	CCONJ
fsr-3266	81	34	to	to	ADP
fsr-3266	81	35	what	what	DET
fsr-3266	81	36	extent	extent	NOUN
fsr-3266	81	37	.	.	PUNCT
fsr-3266	82	1	4	4	X
fsr-3266	82	2	.	.	X
fsr-3266	82	3	vix	vix	NOUN
fsr-3266	82	4	-	-	PUNCT
fsr-3266	82	5	based	base	VERB
fsr-3266	82	6	etps	etps	NOUN
fsr-3266	82	7	used	use	VERB
fsr-3266	82	8	in	in	ADP
fsr-3266	82	9	this	this	DET
fsr-3266	82	10	study	study	NOUN
fsr-3266	82	11	there	there	PRON
fsr-3266	82	12	are	be	VERB
fsr-3266	82	13	a	a	DET
fsr-3266	82	14	variety	variety	NOUN
fsr-3266	82	15	of	of	ADP
fsr-3266	82	16	etps	etps	NOUN
fsr-3266	82	17	that	that	PRON
fsr-3266	82	18	have	have	AUX
fsr-3266	82	19	been	be	AUX
fsr-3266	82	20	introduced	introduce	VERB
fsr-3266	82	21	over	over	ADP
fsr-3266	82	22	the	the	DET
fsr-3266	82	23	past	past	ADJ
fsr-3266	82	24	decade	decade	NOUN
fsr-3266	82	25	that	that	PRON
fsr-3266	82	26	provide	provide	VERB
fsr-3266	82	27	investors	investor	NOUN
fsr-3266	82	28	with	with	ADP
fsr-3266	82	29	an	an	DET
fsr-3266	82	30	opportunity	opportunity	NOUN
fsr-3266	82	31	to	to	PART
fsr-3266	82	32	invest	invest	VERB
fsr-3266	82	33	in	in	ADP
fsr-3266	82	34	volatility	volatility	NOUN
fsr-3266	82	35	.	.	PUNCT
fsr-3266	83	1	this	this	DET
fsr-3266	83	2	study	study	NOUN
fsr-3266	83	3	examines	examine	VERB
fsr-3266	83	4	the	the	DET
fsr-3266	83	5	vix	vix	PROPN
fsr-3266	83	6	index	index	NOUN
fsr-3266	83	7	returns	return	NOUN
fsr-3266	83	8	compared	compare	VERB
fsr-3266	83	9	to	to	ADP
fsr-3266	83	10	individual	individual	ADJ
fsr-3266	83	11	vix	vix	PROPN
fsr-3266	83	12	-	-	PUNCT
fsr-3266	83	13	based	base	VERB
fsr-3266	83	14	etp	etp	PROPN
fsr-3266	83	15	returns	return	NOUN
fsr-3266	83	16	from	from	ADP
fsr-3266	83	17	october	october	PROPN
fsr-3266	83	18	4	4	NUM
fsr-3266	83	19	,	,	PUNCT
fsr-3266	83	20	2011	2011	NUM
fsr-3266	83	21	through	through	ADP
fsr-3266	83	22	76	76	NUM
fsr-3266	83	23	r.	r.	PROPN
fsr-3266	83	24	parker	parker	PROPN
fsr-3266	83	25	clowers	clowers	PROPN
fsr-3266	83	26	,	,	PUNCT
fsr-3266	83	27	t.l	t.l	PROPN
fsr-3266	83	28	.	.	PROPN
fsr-3266	83	29	jones	jones	PROPN
fsr-3266	83	30	/	/	SYM
fsr-3266	83	31	financial	financial	ADJ
fsr-3266	83	32	services	service	NOUN
fsr-3266	83	33	review	review	VERB
fsr-3266	83	34	25	25	NUM
fsr-3266	83	35	(	(	PUNCT
fsr-3266	83	36	2016	2016	NUM
fsr-3266	83	37	)	)	PUNCT
fsr-3266	83	38	73–85	73–85	PROPN
fsr-3266	83	39	december	december	PROPN
fsr-3266	83	40	31	31	NUM
fsr-3266	83	41	,	,	PUNCT
fsr-3266	83	42	2014	2014	NUM
fsr-3266	83	43	.	.	PUNCT
fsr-3266	84	1	this	this	DET
fsr-3266	84	2	time	time	NOUN
fsr-3266	84	3	period	period	NOUN
fsr-3266	84	4	was	be	AUX
fsr-3266	84	5	selected	select	VERB
fsr-3266	84	6	because	because	SCONJ
fsr-3266	84	7	some	some	PRON
fsr-3266	84	8	of	of	ADP
fsr-3266	84	9	the	the	DET
fsr-3266	84	10	etps	etps	NOUN
fsr-3266	84	11	included	include	VERB
fsr-3266	84	12	in	in	ADP
fsr-3266	84	13	the	the	DET
fsr-3266	84	14	study	study	NOUN
fsr-3266	84	15	were	be	AUX
fsr-3266	84	16	not	not	PART
fsr-3266	84	17	listed	list	VERB
fsr-3266	84	18	for	for	ADP
fsr-3266	84	19	trading	trading	NOUN
fsr-3266	84	20	until	until	ADP
fsr-3266	84	21	october	october	PROPN
fsr-3266	84	22	4	4	NUM
fsr-3266	84	23	,	,	PUNCT
fsr-3266	84	24	2011	2011	NUM
fsr-3266	84	25	.	.	PUNCT
fsr-3266	85	1	the	the	DET
fsr-3266	85	2	eight	eight	NUM
fsr-3266	85	3	etps	etps	NOUN
fsr-3266	85	4	we	we	PRON
fsr-3266	85	5	choose	choose	VERB
fsr-3266	85	6	to	to	PART
fsr-3266	85	7	examine	examine	VERB
fsr-3266	85	8	are	be	AUX
fsr-3266	85	9	examined	examine	VERB
fsr-3266	85	10	in	in	ADP
fsr-3266	85	11	whaley	whaley	NOUN
fsr-3266	85	12	(	(	PUNCT
fsr-3266	85	13	2013	2013	NUM
fsr-3266	85	14	)	)	PUNCT
fsr-3266	85	15	.	.	PUNCT
fsr-3266	86	1	four	four	NUM
fsr-3266	86	2	of	of	ADP
fsr-3266	86	3	these	these	DET
fsr-3266	86	4	etps	etps	NOUN
fsr-3266	86	5	seek	seek	VERB
fsr-3266	86	6	to	to	PART
fsr-3266	86	7	yield	yield	VERB
fsr-3266	86	8	the	the	DET
fsr-3266	86	9	daily	daily	ADJ
fsr-3266	86	10	return	return	NOUN
fsr-3266	86	11	of	of	ADP
fsr-3266	86	12	a	a	DET
fsr-3266	86	13	vix	vix	NOUN
fsr-3266	86	14	-	-	PUNCT
fsr-3266	86	15	based	base	VERB
fsr-3266	86	16	index	index	NOUN
fsr-3266	86	17	.	.	PUNCT
fsr-3266	87	1	vxx	vxx	PROPN
fsr-3266	87	2	,	,	PUNCT
fsr-3266	87	3	viix	viix	NOUN
fsr-3266	87	4	,	,	PUNCT
fsr-3266	87	5	and	and	CCONJ
fsr-3266	87	6	vixy	vixy	ADV
fsr-3266	87	7	replicate	replicate	VERB
fsr-3266	87	8	the	the	DET
fsr-3266	87	9	s&p	s&p	PROPN
fsr-3266	87	10	st	st	PROPN
fsr-3266	87	11	index	index	PROPN
fsr-3266	87	12	,	,	PUNCT
fsr-3266	87	13	and	and	CCONJ
fsr-3266	87	14	vxz	vxz	PROPN
fsr-3266	87	15	replicates	replicate	VERB
fsr-3266	87	16	the	the	DET
fsr-3266	87	17	s&p	s&p	PROPN
fsr-3266	87	18	mid	mid	ADJ
fsr-3266	87	19	-	-	NOUN
fsr-3266	87	20	term	term	NOUN
fsr-3266	87	21	index	index	NOUN
fsr-3266	87	22	.	.	PUNCT
fsr-3266	88	1	two	two	NUM
fsr-3266	88	2	funds	fund	NOUN
fsr-3266	88	3	(	(	PUNCT
fsr-3266	88	4	xiv	xiv	NOUN
fsr-3266	88	5	and	and	CCONJ
fsr-3266	88	6	svxy	svxy	NOUN
fsr-3266	88	7	)	)	PUNCT
fsr-3266	88	8	seek	seek	VERB
fsr-3266	88	9	to	to	PART
fsr-3266	88	10	yield	yield	VERB
fsr-3266	88	11	the	the	DET
fsr-3266	88	12	inverse	inverse	NOUN
fsr-3266	88	13	daily	daily	ADJ
fsr-3266	88	14	return	return	NOUN
fsr-3266	88	15	of	of	ADP
fsr-3266	88	16	the	the	DET
fsr-3266	88	17	short	short	ADJ
fsr-3266	88	18	-	-	PUNCT
fsr-3266	88	19	term	term	NOUN
fsr-3266	88	20	index	index	NOUN
fsr-3266	88	21	,	,	PUNCT
fsr-3266	88	22	and	and	CCONJ
fsr-3266	88	23	two	two	NUM
fsr-3266	88	24	etps	etps	NOUN
fsr-3266	88	25	(	(	PUNCT
fsr-3266	88	26	tvix	tvix	NOUN
fsr-3266	88	27	and	and	CCONJ
fsr-3266	88	28	uvxy	uvxy	NOUN
fsr-3266	88	29	)	)	PUNCT
fsr-3266	88	30	seek	seek	VERB
fsr-3266	88	31	to	to	PART
fsr-3266	88	32	provide	provide	VERB
fsr-3266	88	33	twice	twice	ADV
fsr-3266	88	34	(	(	PUNCT
fsr-3266	88	35	2	2	NUM
fsr-3266	88	36	�	�	NOUN
fsr-3266	88	37	)	)	PUNCT
fsr-3266	88	38	the	the	DET
fsr-3266	88	39	daily	daily	ADJ
fsr-3266	88	40	return	return	NOUN
fsr-3266	88	41	of	of	ADP
fsr-3266	88	42	the	the	DET
fsr-3266	88	43	s&p	s&p	PROPN
fsr-3266	88	44	st	st	PROPN
fsr-3266	88	45	index	index	PROPN
fsr-3266	88	46	.	.	PUNCT
fsr-3266	89	1	the	the	DET
fsr-3266	89	2	specifics	specific	NOUN
fsr-3266	89	3	of	of	ADP
fsr-3266	89	4	each	each	DET
fsr-3266	89	5	etp	etp	NOUN
fsr-3266	89	6	are	be	AUX
fsr-3266	89	7	discussed	discuss	VERB
fsr-3266	89	8	below	below	ADV
fsr-3266	89	9	.	.	PUNCT
fsr-3266	90	1	4.1	4.1	NUM
fsr-3266	90	2	.	.	PUNCT
fsr-3266	91	1	vxx	vxx	PROPN
fsr-3266	91	2	–	–	PUNCT
fsr-3266	91	3	ipath	ipath	PROPN
fsr-3266	91	4	s&p	s&p	PROPN
fsr-3266	91	5	500	500	NUM
fsr-3266	91	6	vix	vix	PROPN
fsr-3266	91	7	short	short	ADJ
fsr-3266	91	8	-	-	PUNCT
fsr-3266	91	9	term	term	NOUN
fsr-3266	91	10	futures	future	NOUN
fsr-3266	91	11	etn	etn	NOUN
fsr-3266	91	12	the	the	DET
fsr-3266	91	13	first	first	ADJ
fsr-3266	91	14	vix	vix	PROPN
fsr-3266	91	15	-	-	PUNCT
fsr-3266	91	16	based	base	VERB
fsr-3266	91	17	etp	etp	PROPN
fsr-3266	91	18	introduced	introduce	VERB
fsr-3266	91	19	and	and	CCONJ
fsr-3266	91	20	the	the	DET
fsr-3266	91	21	most	most	ADV
fsr-3266	91	22	popular	popular	ADJ
fsr-3266	91	23	vix	vix	PROPN
fsr-3266	91	24	etn	etn	NOUN
fsr-3266	91	25	is	be	AUX
fsr-3266	91	26	vxx	vxx	PROPN
fsr-3266	91	27	.	.	PUNCT
fsr-3266	92	1	vxx	vxx	PROPN
fsr-3266	92	2	is	be	AUX
fsr-3266	92	3	an	an	DET
fsr-3266	92	4	exchange	exchange	NOUN
fsr-3266	92	5	traded	trade	VERB
fsr-3266	92	6	note	note	NOUN
fsr-3266	92	7	that	that	SCONJ
fsr-3266	92	8	attempts	attempt	VERB
fsr-3266	92	9	to	to	PART
fsr-3266	92	10	replicate	replicate	VERB
fsr-3266	92	11	the	the	DET
fsr-3266	92	12	s&p	s&p	PROPN
fsr-3266	92	13	500	500	NUM
fsr-3266	92	14	vix	vix	PROPN
fsr-3266	92	15	short	short	ADJ
fsr-3266	92	16	-	-	PUNCT
fsr-3266	92	17	term	term	NOUN
fsr-3266	92	18	futures	future	NOUN
fsr-3266	92	19	index	index	NOUN
fsr-3266	92	20	total	total	ADJ
fsr-3266	92	21	return	return	NOUN
fsr-3266	92	22	.	.	PUNCT
fsr-3266	93	1	the	the	DET
fsr-3266	93	2	return	return	NOUN
fsr-3266	93	3	of	of	ADP
fsr-3266	93	4	this	this	DET
fsr-3266	93	5	etn	etn	NOUN
fsr-3266	93	6	follows	follow	VERB
fsr-3266	93	7	the	the	DET
fsr-3266	93	8	mechanics	mechanic	NOUN
fsr-3266	93	9	of	of	ADP
fsr-3266	93	10	the	the	DET
fsr-3266	93	11	s&p	s&p	PROPN
fsr-3266	93	12	500	500	NUM
fsr-3266	93	13	vix	vix	PROPN
fsr-3266	93	14	short	short	ADJ
fsr-3266	93	15	-	-	PUNCT
fsr-3266	93	16	term	term	NOUN
fsr-3266	93	17	futures	future	NOUN
fsr-3266	93	18	index	index	NOUN
fsr-3266	93	19	,	,	PUNCT
fsr-3266	93	20	as	as	SCONJ
fsr-3266	93	21	noted	note	VERB
fsr-3266	93	22	above	above	ADV
fsr-3266	93	23	,	,	PUNCT
fsr-3266	93	24	by	by	ADP
fsr-3266	93	25	rolling	roll	VERB
fsr-3266	93	26	long	long	ADJ
fsr-3266	93	27	position	position	NOUN
fsr-3266	93	28	in	in	ADP
fsr-3266	93	29	the	the	DET
fsr-3266	93	30	first	first	ADJ
fsr-3266	93	31	and	and	CCONJ
fsr-3266	93	32	second	second	ADJ
fsr-3266	93	33	month	month	NOUN
fsr-3266	93	34	vix	vix	PROPN
fsr-3266	93	35	futures	future	NOUN
fsr-3266	93	36	contracts	contract	NOUN
fsr-3266	93	37	each	each	DET
fsr-3266	93	38	day	day	NOUN
fsr-3266	93	39	.	.	PUNCT
fsr-3266	94	1	the	the	DET
fsr-3266	94	2	vxx	vxx	PROPN
fsr-3266	94	3	is	be	AUX
fsr-3266	94	4	an	an	DET
fsr-3266	94	5	unsecured	unsecured	ADJ
fsr-3266	94	6	debt	debt	NOUN
fsr-3266	94	7	obligation	obligation	NOUN
fsr-3266	94	8	of	of	ADP
fsr-3266	94	9	barclays	barclay	NOUN
fsr-3266	94	10	bank	bank	PROPN
fsr-3266	94	11	,	,	PUNCT
fsr-3266	94	12	with	with	ADP
fsr-3266	94	13	tax	tax	NOUN
fsr-3266	94	14	treatment	treatment	NOUN
fsr-3266	94	15	based	base	VERB
fsr-3266	94	16	on	on	ADP
fsr-3266	94	17	the	the	DET
fsr-3266	94	18	capital	capital	NOUN
fsr-3266	94	19	gain	gain	NOUN
fsr-3266	94	20	for	for	ADP
fsr-3266	94	21	the	the	DET
fsr-3266	94	22	holding	hold	VERB
fsr-3266	94	23	period	period	NOUN
fsr-3266	94	24	(	(	PUNCT
fsr-3266	94	25	short	short	ADJ
fsr-3266	94	26	or	or	CCONJ
fsr-3266	94	27	long	long	ADJ
fsr-3266	94	28	term	term	NOUN
fsr-3266	94	29	)	)	PUNCT
fsr-3266	94	30	equal	equal	ADJ
fsr-3266	94	31	to	to	ADP
fsr-3266	94	32	the	the	DET
fsr-3266	94	33	difference	difference	NOUN
fsr-3266	94	34	in	in	ADP
fsr-3266	94	35	the	the	DET
fsr-3266	94	36	amount	amount	NOUN
fsr-3266	94	37	the	the	DET
fsr-3266	94	38	investor	investor	NOUN
fsr-3266	94	39	receives	receive	VERB
fsr-3266	94	40	at	at	ADP
fsr-3266	94	41	the	the	DET
fsr-3266	94	42	time	time	NOUN
fsr-3266	94	43	of	of	ADP
fsr-3266	94	44	sale	sale	NOUN
fsr-3266	94	45	and	and	CCONJ
fsr-3266	94	46	the	the	DET
fsr-3266	94	47	amount	amount	NOUN
fsr-3266	94	48	paid	pay	VERB
fsr-3266	94	49	(	(	PUNCT
fsr-3266	94	50	see	see	VERB
fsr-3266	94	51	barclays	barclay	NOUN
fsr-3266	94	52	,	,	PUNCT
fsr-3266	94	53	2015	2015	NUM
fsr-3266	94	54	)	)	PUNCT
fsr-3266	94	55	.	.	PUNCT
fsr-3266	95	1	4.2	4.2	NUM
fsr-3266	95	2	.	.	PUNCT
fsr-3266	95	3	vxz	vxz	PROPN
fsr-3266	95	4	–	–	PUNCT
fsr-3266	95	5	ipath	ipath	NOUN
fsr-3266	95	6	s&p	s&p	PROPN
fsr-3266	95	7	500	500	NUM
fsr-3266	95	8	vix	vix	PROPN
fsr-3266	95	9	mid	mid	ADJ
fsr-3266	95	10	-	-	NOUN
fsr-3266	95	11	term	term	NOUN
fsr-3266	95	12	futures	future	NOUN
fsr-3266	95	13	etn	etn	PROPN
fsr-3266	95	14	vxz	vxz	PROPN
fsr-3266	95	15	is	be	AUX
fsr-3266	95	16	much	much	ADV
fsr-3266	95	17	like	like	ADP
fsr-3266	95	18	vxx	vxx	PROPN
fsr-3266	95	19	but	but	CCONJ
fsr-3266	95	20	tracks	track	VERB
fsr-3266	95	21	the	the	DET
fsr-3266	95	22	s&p	s&p	PROPN
fsr-3266	95	23	500	500	NUM
fsr-3266	95	24	vix	vix	NOUN
fsr-3266	95	25	medium	medium	ADJ
fsr-3266	95	26	-	-	PUNCT
fsr-3266	95	27	term	term	NOUN
fsr-3266	95	28	futures	future	NOUN
fsr-3266	95	29	total	total	ADJ
fsr-3266	95	30	return	return	NOUN
fsr-3266	95	31	index	index	NOUN
fsr-3266	95	32	,	,	PUNCT
fsr-3266	95	33	which	which	PRON
fsr-3266	95	34	has	have	VERB
fsr-3266	95	35	an	an	DET
fsr-3266	95	36	average	average	ADJ
fsr-3266	95	37	settlement	settlement	NOUN
fsr-3266	95	38	date	date	NOUN
fsr-3266	95	39	of	of	ADP
fsr-3266	95	40	five	five	NUM
fsr-3266	95	41	months	month	NOUN
fsr-3266	95	42	.	.	PUNCT
fsr-3266	96	1	the	the	DET
fsr-3266	96	2	return	return	NOUN
fsr-3266	96	3	of	of	ADP
fsr-3266	96	4	the	the	DET
fsr-3266	96	5	ipath	ipath	ADJ
fsr-3266	96	6	s&p	s&p	PROPN
fsr-3266	96	7	500	500	NUM
fsr-3266	96	8	vix	vix	PROPN
fsr-3266	96	9	mid	mid	ADJ
fsr-3266	96	10	-	-	ADJ
fsr-3266	96	11	term	term	NOUN
fsr-3266	96	12	futures	future	NOUN
fsr-3266	96	13	index	index	NOUN
fsr-3266	96	14	continuously	continuously	ADV
fsr-3266	96	15	rolls	roll	VERB
fsr-3266	96	16	long	long	ADJ
fsr-3266	96	17	positions	position	NOUN
fsr-3266	96	18	in	in	ADP
fsr-3266	96	19	the	the	DET
fsr-3266	96	20	4th	4th	ADJ
fsr-3266	96	21	,	,	PUNCT
fsr-3266	96	22	5th	5th	ADJ
fsr-3266	96	23	,	,	PUNCT
fsr-3266	96	24	6th	6th	ADJ
fsr-3266	96	25	and	and	CCONJ
fsr-3266	96	26	7th	7th	ADJ
fsr-3266	96	27	next	next	ADJ
fsr-3266	96	28	months	month	NOUN
fsr-3266	96	29	to	to	PART
fsr-3266	96	30	settle	settle	VERB
fsr-3266	96	31	vix	vix	PROPN
fsr-3266	96	32	futures	future	NOUN
fsr-3266	96	33	contracts	contract	NOUN
fsr-3266	96	34	.	.	PUNCT
fsr-3266	97	1	the	the	DET
fsr-3266	97	2	vxz	vxz	PROPN
fsr-3266	97	3	is	be	AUX
fsr-3266	97	4	also	also	ADV
fsr-3266	97	5	an	an	DET
fsr-3266	97	6	unsecured	unsecured	ADJ
fsr-3266	97	7	debt	debt	NOUN
fsr-3266	97	8	obligation	obligation	NOUN
fsr-3266	97	9	of	of	ADP
fsr-3266	97	10	barclays	barclay	NOUN
fsr-3266	97	11	bank	bank	PROPN
fsr-3266	97	12	,	,	PUNCT
fsr-3266	97	13	with	with	ADP
fsr-3266	97	14	tax	tax	NOUN
fsr-3266	97	15	treatment	treatment	NOUN
fsr-3266	97	16	based	base	VERB
fsr-3266	97	17	on	on	ADP
fsr-3266	97	18	the	the	DET
fsr-3266	97	19	capital	capital	NOUN
fsr-3266	97	20	gain	gain	NOUN
fsr-3266	97	21	for	for	ADP
fsr-3266	97	22	the	the	DET
fsr-3266	97	23	holding	hold	VERB
fsr-3266	97	24	period	period	NOUN
fsr-3266	97	25	(	(	PUNCT
fsr-3266	97	26	short	short	ADJ
fsr-3266	97	27	or	or	CCONJ
fsr-3266	97	28	long	long	ADJ
fsr-3266	97	29	term	term	NOUN
fsr-3266	97	30	)	)	PUNCT
fsr-3266	97	31	equal	equal	ADJ
fsr-3266	97	32	to	to	ADP
fsr-3266	97	33	the	the	DET
fsr-3266	97	34	difference	difference	NOUN
fsr-3266	97	35	in	in	ADP
fsr-3266	97	36	the	the	DET
fsr-3266	97	37	amount	amount	NOUN
fsr-3266	97	38	the	the	DET
fsr-3266	97	39	investor	investor	NOUN
fsr-3266	97	40	receives	receive	VERB
fsr-3266	97	41	at	at	ADP
fsr-3266	97	42	the	the	DET
fsr-3266	97	43	time	time	NOUN
fsr-3266	97	44	of	of	ADP
fsr-3266	97	45	sale	sale	NOUN
fsr-3266	97	46	and	and	CCONJ
fsr-3266	97	47	the	the	DET
fsr-3266	97	48	amount	amount	NOUN
fsr-3266	97	49	paid	pay	VERB
fsr-3266	97	50	(	(	PUNCT
fsr-3266	97	51	see	see	VERB
fsr-3266	97	52	barclays	barclay	NOUN
fsr-3266	97	53	,	,	PUNCT
fsr-3266	97	54	2015	2015	NUM
fsr-3266	97	55	)	)	PUNCT
fsr-3266	97	56	.	.	PUNCT
fsr-3266	98	1	4.3	4.3	NUM
fsr-3266	98	2	.	.	PUNCT
fsr-3266	98	3	viix	viix	PROPN
fsr-3266	98	4	–	–	PUNCT
fsr-3266	98	5	velocityshares	velocityshare	NOUN
fsr-3266	98	6	vix	vix	PROPN
fsr-3266	98	7	short	short	ADJ
fsr-3266	98	8	-	-	PUNCT
fsr-3266	98	9	term	term	NOUN
fsr-3266	98	10	etn	etn	NOUN
fsr-3266	98	11	like	like	ADP
fsr-3266	98	12	the	the	DET
fsr-3266	98	13	vxx	vxx	PROPN
fsr-3266	98	14	,	,	PUNCT
fsr-3266	98	15	the	the	DET
fsr-3266	98	16	viix	viix	NOUN
fsr-3266	98	17	seeks	seek	VERB
fsr-3266	98	18	to	to	PART
fsr-3266	98	19	replicate	replicate	VERB
fsr-3266	98	20	the	the	DET
fsr-3266	98	21	return	return	NOUN
fsr-3266	98	22	of	of	ADP
fsr-3266	98	23	the	the	DET
fsr-3266	98	24	daily	daily	ADJ
fsr-3266	98	25	performance	performance	NOUN
fsr-3266	98	26	of	of	ADP
fsr-3266	98	27	the	the	DET
fsr-3266	98	28	s&p	s&p	PROPN
fsr-3266	98	29	500	500	NUM
fsr-3266	98	30	vix	vix	PROPN
fsr-3266	98	31	short	short	ADJ
fsr-3266	98	32	-	-	PUNCT
fsr-3266	98	33	term	term	NOUN
fsr-3266	98	34	futures	future	NOUN
fsr-3266	98	35	index	index	NOUN
fsr-3266	98	36	.	.	PUNCT
fsr-3266	99	1	the	the	DET
fsr-3266	99	2	index	index	NOUN
fsr-3266	99	3	was	be	AUX
fsr-3266	99	4	designed	design	VERB
fsr-3266	99	5	to	to	PART
fsr-3266	99	6	provide	provide	VERB
fsr-3266	99	7	investors	investor	NOUN
fsr-3266	99	8	with	with	ADP
fsr-3266	99	9	and	and	CCONJ
fsr-3266	99	10	unleveraged	unleveraged	ADJ
fsr-3266	99	11	exposure	exposure	NOUN
fsr-3266	99	12	in	in	ADP
fsr-3266	99	13	short	short	ADJ
fsr-3266	99	14	-	-	PUNCT
fsr-3266	99	15	term	term	NOUN
fsr-3266	99	16	futures	future	NOUN
fsr-3266	99	17	contracts	contract	NOUN
fsr-3266	99	18	.	.	PUNCT
fsr-3266	100	1	the	the	DET
fsr-3266	100	2	viix	viix	NOUN
fsr-3266	100	3	is	be	AUX
fsr-3266	100	4	an	an	DET
fsr-3266	100	5	unsecured	unsecured	ADJ
fsr-3266	100	6	debt	debt	NOUN
fsr-3266	100	7	obligation	obligation	NOUN
fsr-3266	100	8	of	of	ADP
fsr-3266	100	9	credit	credit	NOUN
fsr-3266	100	10	suisse	suisse	PROPN
fsr-3266	100	11	ag	ag	PROPN
fsr-3266	100	12	,	,	PUNCT
fsr-3266	100	13	with	with	ADP
fsr-3266	100	14	tax	tax	NOUN
fsr-3266	100	15	treatment	treatment	NOUN
fsr-3266	100	16	based	base	VERB
fsr-3266	100	17	on	on	ADP
fsr-3266	100	18	the	the	DET
fsr-3266	100	19	capital	capital	NOUN
fsr-3266	100	20	gain	gain	NOUN
fsr-3266	100	21	(	(	PUNCT
fsr-3266	100	22	short	short	ADJ
fsr-3266	100	23	or	or	CCONJ
fsr-3266	100	24	long	long	ADJ
fsr-3266	100	25	term	term	NOUN
fsr-3266	100	26	)	)	PUNCT
fsr-3266	100	27	equal	equal	ADJ
fsr-3266	100	28	to	to	ADP
fsr-3266	100	29	the	the	DET
fsr-3266	100	30	difference	difference	NOUN
fsr-3266	100	31	in	in	ADP
fsr-3266	100	32	the	the	DET
fsr-3266	100	33	amount	amount	NOUN
fsr-3266	100	34	the	the	DET
fsr-3266	100	35	investor	investor	NOUN
fsr-3266	100	36	receives	receive	VERB
fsr-3266	100	37	at	at	ADP
fsr-3266	100	38	the	the	DET
fsr-3266	100	39	time	time	NOUN
fsr-3266	100	40	of	of	ADP
fsr-3266	100	41	sale	sale	NOUN
fsr-3266	100	42	and	and	CCONJ
fsr-3266	100	43	the	the	DET
fsr-3266	100	44	amount	amount	NOUN
fsr-3266	100	45	paid	pay	VERB
fsr-3266	100	46	(	(	PUNCT
fsr-3266	100	47	see	see	VERB
fsr-3266	100	48	credit	credit	NOUN
fsr-3266	100	49	suisse	suisse	NOUN
fsr-3266	100	50	,	,	PUNCT
fsr-3266	100	51	2015	2015	NUM
fsr-3266	100	52	)	)	PUNCT
fsr-3266	100	53	.	.	PUNCT
fsr-3266	101	1	4.4	4.4	NUM
fsr-3266	101	2	.	.	PUNCT
fsr-3266	101	3	xiv	xiv	PROPN
fsr-3266	101	4	–	–	PUNCT
fsr-3266	101	5	velocityshares	velocityshare	NOUN
fsr-3266	101	6	daily	daily	ADJ
fsr-3266	101	7	inverse	inverse	NOUN
fsr-3266	101	8	vix	vix	PROPN
fsr-3266	101	9	short	short	ADJ
fsr-3266	101	10	-	-	PUNCT
fsr-3266	101	11	term	term	NOUN
fsr-3266	101	12	etn	etn	NOUN
fsr-3266	101	13	the	the	DET
fsr-3266	101	14	xiv	xiv	PROPN
fsr-3266	101	15	attempts	attempt	VERB
fsr-3266	101	16	to	to	PART
fsr-3266	101	17	replicate	replicate	VERB
fsr-3266	101	18	the	the	DET
fsr-3266	101	19	inverse	inverse	ADJ
fsr-3266	101	20	performance	performance	NOUN
fsr-3266	101	21	of	of	ADP
fsr-3266	101	22	the	the	DET
fsr-3266	101	23	s&p	s&p	PROPN
fsr-3266	101	24	500	500	NUM
fsr-3266	101	25	vix	vix	PROPN
fsr-3266	101	26	short	short	ADJ
fsr-3266	101	27	-	-	PUNCT
fsr-3266	101	28	term	term	NOUN
fsr-3266	101	29	futures	future	NOUN
fsr-3266	101	30	index	index	NOUN
fsr-3266	101	31	and	and	CCONJ
fsr-3266	101	32	provides	provide	VERB
fsr-3266	101	33	investors	investor	NOUN
fsr-3266	101	34	with	with	ADP
fsr-3266	101	35	(	(	PUNCT
fsr-3266	101	36	�	�	PROPN
fsr-3266	101	37	1	1	NUM
fsr-3266	101	38	�	�	PROPN
fsr-3266	101	39	)	)	PUNCT
fsr-3266	101	40	exposure	exposure	NOUN
fsr-3266	101	41	to	to	ADP
fsr-3266	101	42	the	the	DET
fsr-3266	101	43	short	short	ADJ
fsr-3266	101	44	-	-	PUNCT
fsr-3266	101	45	term	term	NOUN
fsr-3266	101	46	index	index	NOUN
fsr-3266	101	47	.	.	PUNCT
fsr-3266	102	1	when	when	SCONJ
fsr-3266	102	2	the	the	DET
fsr-3266	102	3	s&p	s&p	PROPN
fsr-3266	102	4	500	500	NUM
fsr-3266	102	5	vix	vix	PROPN
fsr-3266	102	6	short	short	ADJ
fsr-3266	102	7	-	-	PUNCT
fsr-3266	102	8	term	term	NOUN
fsr-3266	102	9	futures	future	NOUN
fsr-3266	102	10	index	index	NOUN
fsr-3266	102	11	goes	go	VERB
fsr-3266	102	12	up	up	ADP
fsr-3266	102	13	,	,	PUNCT
fsr-3266	102	14	the	the	DET
fsr-3266	102	15	xiv	xiv	PROPN
fsr-3266	102	16	returns	return	NOUN
fsr-3266	102	17	go	go	VERB
fsr-3266	102	18	down	down	ADP
fsr-3266	102	19	and	and	CCONJ
fsr-3266	102	20	vice	vice	ADV
fsr-3266	102	21	versa	versa	ADV
fsr-3266	102	22	.	.	PUNCT
fsr-3266	103	1	the	the	DET
fsr-3266	103	2	xiv	xiv	PROPN
fsr-3266	103	3	is	be	AUX
fsr-3266	103	4	also	also	ADV
fsr-3266	103	5	an	an	DET
fsr-3266	103	6	unsecured	unsecured	ADJ
fsr-3266	103	7	debt	debt	NOUN
fsr-3266	103	8	obligation	obligation	NOUN
fsr-3266	103	9	of	of	ADP
fsr-3266	103	10	credit	credit	NOUN
fsr-3266	103	11	suisse	suisse	PROPN
fsr-3266	103	12	ag	ag	PROPN
fsr-3266	103	13	,	,	PUNCT
fsr-3266	103	14	with	with	ADP
fsr-3266	103	15	tax	tax	NOUN
fsr-3266	103	16	treatment	treatment	NOUN
fsr-3266	103	17	based	base	VERB
fsr-3266	103	18	77r	77r	NOUN
fsr-3266	103	19	.	.	PUNCT
fsr-3266	104	1	parker	parker	PROPN
fsr-3266	104	2	clowers	clowers	PROPN
fsr-3266	104	3	,	,	PUNCT
fsr-3266	104	4	t.l	t.l	PROPN
fsr-3266	104	5	.	.	PROPN
fsr-3266	104	6	jones	jones	PROPN
fsr-3266	104	7	/	/	SYM
fsr-3266	104	8	financial	financial	ADJ
fsr-3266	104	9	services	service	NOUN
fsr-3266	104	10	review	review	VERB
fsr-3266	104	11	25	25	NUM
fsr-3266	104	12	(	(	PUNCT
fsr-3266	104	13	2016	2016	NUM
fsr-3266	104	14	)	)	PUNCT
fsr-3266	104	15	73–85	73–85	PROPN
fsr-3266	104	16	on	on	ADP
fsr-3266	104	17	the	the	DET
fsr-3266	104	18	capital	capital	NOUN
fsr-3266	104	19	gain	gain	NOUN
fsr-3266	104	20	(	(	PUNCT
fsr-3266	104	21	short	short	ADJ
fsr-3266	104	22	or	or	CCONJ
fsr-3266	104	23	long	long	ADJ
fsr-3266	104	24	term	term	NOUN
fsr-3266	104	25	)	)	PUNCT
fsr-3266	104	26	equal	equal	ADJ
fsr-3266	104	27	to	to	ADP
fsr-3266	104	28	the	the	DET
fsr-3266	104	29	difference	difference	NOUN
fsr-3266	104	30	in	in	ADP
fsr-3266	104	31	the	the	DET
fsr-3266	104	32	amount	amount	NOUN
fsr-3266	104	33	the	the	DET
fsr-3266	104	34	investor	investor	NOUN
fsr-3266	104	35	receives	receive	VERB
fsr-3266	104	36	at	at	ADP
fsr-3266	104	37	the	the	DET
fsr-3266	104	38	time	time	NOUN
fsr-3266	104	39	of	of	ADP
fsr-3266	104	40	sale	sale	NOUN
fsr-3266	104	41	and	and	CCONJ
fsr-3266	104	42	the	the	DET
fsr-3266	104	43	amount	amount	NOUN
fsr-3266	104	44	paid	pay	VERB
fsr-3266	104	45	(	(	PUNCT
fsr-3266	104	46	see	see	VERB
fsr-3266	104	47	credit	credit	NOUN
fsr-3266	104	48	suisse	suisse	NOUN
fsr-3266	104	49	,	,	PUNCT
fsr-3266	104	50	2015	2015	NUM
fsr-3266	104	51	)	)	PUNCT
fsr-3266	104	52	.	.	PUNCT
fsr-3266	105	1	4.5	4.5	NUM
fsr-3266	105	2	.	.	PUNCT
fsr-3266	106	1	tvix	tvix	NOUN
fsr-3266	106	2	–	–	PUNCT
fsr-3266	106	3	velocityshares	velocityshare	NOUN
fsr-3266	106	4	daily	daily	ADJ
fsr-3266	106	5	2	2	NUM
fsr-3266	106	6	�	�	PROPN
fsr-3266	106	7	vix	vix	PROPN
fsr-3266	106	8	short	short	ADJ
fsr-3266	106	9	-	-	PUNCT
fsr-3266	106	10	term	term	NOUN
fsr-3266	106	11	etn	etn	NOUN
fsr-3266	106	12	the	the	DET
fsr-3266	106	13	tvix	tvix	NOUN
fsr-3266	106	14	is	be	AUX
fsr-3266	106	15	a	a	DET
fsr-3266	106	16	leveraged	leveraged	ADJ
fsr-3266	106	17	etn	etn	NOUN
fsr-3266	106	18	that	that	PRON
fsr-3266	106	19	is	be	AUX
fsr-3266	106	20	linked	link	VERB
fsr-3266	106	21	to	to	ADP
fsr-3266	106	22	a	a	DET
fsr-3266	106	23	multiple	multiple	ADJ
fsr-3266	106	24	(	(	PUNCT
fsr-3266	106	25	2	2	NUM
fsr-3266	106	26	�	�	NOUN
fsr-3266	106	27	)	)	PUNCT
fsr-3266	106	28	of	of	ADP
fsr-3266	106	29	the	the	DET
fsr-3266	106	30	daily	daily	ADJ
fsr-3266	106	31	return	return	NOUN
fsr-3266	106	32	of	of	ADP
fsr-3266	106	33	the	the	DET
fsr-3266	106	34	s&p	s&p	PROPN
fsr-3266	106	35	500	500	NUM
fsr-3266	106	36	vix	vix	PROPN
fsr-3266	106	37	short	short	ADJ
fsr-3266	106	38	-	-	PUNCT
fsr-3266	106	39	term	term	NOUN
fsr-3266	106	40	futures	future	NOUN
fsr-3266	106	41	index	index	NOUN
fsr-3266	106	42	.	.	PUNCT
fsr-3266	107	1	the	the	DET
fsr-3266	107	2	tvix	tvix	NOUN
fsr-3266	107	3	tries	try	VERB
fsr-3266	107	4	to	to	PART
fsr-3266	107	5	replicate	replicate	VERB
fsr-3266	107	6	the	the	DET
fsr-3266	107	7	performance	performance	NOUN
fsr-3266	107	8	of	of	ADP
fsr-3266	107	9	two	two	NUM
fsr-3266	107	10	times	time	NOUN
fsr-3266	107	11	the	the	DET
fsr-3266	107	12	short	short	ADJ
fsr-3266	107	13	-	-	PUNCT
fsr-3266	107	14	term	term	NOUN
fsr-3266	107	15	index	index	NOUN
fsr-3266	107	16	.	.	PUNCT
fsr-3266	108	1	the	the	DET
fsr-3266	108	2	leveraged	leverage	VERB
fsr-3266	108	3	component	component	NOUN
fsr-3266	108	4	makes	make	VERB
fsr-3266	108	5	the	the	DET
fsr-3266	108	6	tvix	tvix	NOUN
fsr-3266	108	7	a	a	DET
fsr-3266	108	8	riskier	risky	ADJ
fsr-3266	108	9	investment	investment	NOUN
fsr-3266	108	10	than	than	ADP
fsr-3266	108	11	the	the	DET
fsr-3266	108	12	vxx	vxx	PROPN
fsr-3266	108	13	.	.	PUNCT
fsr-3266	109	1	the	the	DET
fsr-3266	109	2	tvix	tvix	NOUN
fsr-3266	109	3	is	be	AUX
fsr-3266	109	4	an	an	DET
fsr-3266	109	5	unsecured	unsecured	ADJ
fsr-3266	109	6	debt	debt	NOUN
fsr-3266	109	7	obligation	obligation	NOUN
fsr-3266	109	8	of	of	ADP
fsr-3266	109	9	credit	credit	NOUN
fsr-3266	109	10	suisse	suisse	PROPN
fsr-3266	109	11	ag	ag	PROPN
fsr-3266	109	12	,	,	PUNCT
fsr-3266	109	13	with	with	ADP
fsr-3266	109	14	tax	tax	NOUN
fsr-3266	109	15	treatment	treatment	NOUN
fsr-3266	109	16	based	base	VERB
fsr-3266	109	17	on	on	ADP
fsr-3266	109	18	the	the	DET
fsr-3266	109	19	capital	capital	NOUN
fsr-3266	109	20	gain	gain	NOUN
fsr-3266	109	21	(	(	PUNCT
fsr-3266	109	22	short	short	ADJ
fsr-3266	109	23	or	or	CCONJ
fsr-3266	109	24	long	long	ADJ
fsr-3266	109	25	term	term	NOUN
fsr-3266	109	26	)	)	PUNCT
fsr-3266	109	27	equal	equal	ADJ
fsr-3266	109	28	to	to	ADP
fsr-3266	109	29	the	the	DET
fsr-3266	109	30	difference	difference	NOUN
fsr-3266	109	31	in	in	ADP
fsr-3266	109	32	the	the	DET
fsr-3266	109	33	amount	amount	NOUN
fsr-3266	109	34	the	the	DET
fsr-3266	109	35	investor	investor	NOUN
fsr-3266	109	36	receives	receive	VERB
fsr-3266	109	37	at	at	ADP
fsr-3266	109	38	the	the	DET
fsr-3266	109	39	time	time	NOUN
fsr-3266	109	40	of	of	ADP
fsr-3266	109	41	sale	sale	NOUN
fsr-3266	109	42	and	and	CCONJ
fsr-3266	109	43	the	the	DET
fsr-3266	109	44	amount	amount	NOUN
fsr-3266	109	45	paid	pay	VERB
fsr-3266	109	46	(	(	PUNCT
fsr-3266	109	47	see	see	VERB
fsr-3266	109	48	credit	credit	NOUN
fsr-3266	109	49	suisse	suisse	NOUN
fsr-3266	109	50	,	,	PUNCT
fsr-3266	109	51	2015	2015	NUM
fsr-3266	109	52	)	)	PUNCT
fsr-3266	109	53	.	.	PUNCT
fsr-3266	110	1	4.6	4.6	NUM
fsr-3266	110	2	.	.	PUNCT
fsr-3266	111	1	vixy	vixy	ADV
fsr-3266	111	2	–	–	PUNCT
fsr-3266	111	3	proshares	proshare	NOUN
fsr-3266	111	4	vix	vix	PROPN
fsr-3266	111	5	short	short	ADJ
fsr-3266	111	6	-	-	PUNCT
fsr-3266	111	7	term	term	NOUN
fsr-3266	111	8	futures	future	NOUN
fsr-3266	111	9	etf	etf	NOUN
fsr-3266	111	10	the	the	DET
fsr-3266	111	11	shares	share	NOUN
fsr-3266	111	12	comprised	comprise	VERB
fsr-3266	111	13	in	in	ADP
fsr-3266	111	14	the	the	DET
fsr-3266	111	15	vixy	vixy	ADJ
fsr-3266	111	16	etf	etf	NOUN
fsr-3266	111	17	make	make	VERB
fsr-3266	111	18	up	up	ADP
fsr-3266	111	19	what	what	PRON
fsr-3266	111	20	is	be	AUX
fsr-3266	111	21	called	call	VERB
fsr-3266	111	22	the	the	DET
fsr-3266	111	23	“	"	PUNCT
fsr-3266	111	24	matching	matching	NOUN
fsr-3266	111	25	fund	fund	NOUN
fsr-3266	111	26	.	.	PUNCT
fsr-3266	111	27	”	"	PUNCT
fsr-3266	112	1	the	the	DET
fsr-3266	112	2	matching	matching	NOUN
fsr-3266	112	3	fund	fund	NOUN
fsr-3266	112	4	attempts	attempt	VERB
fsr-3266	112	5	to	to	PART
fsr-3266	112	6	match	match	VERB
fsr-3266	112	7	,	,	PUNCT
fsr-3266	112	8	before	before	ADP
fsr-3266	112	9	fees	fee	NOUN
fsr-3266	112	10	and	and	CCONJ
fsr-3266	112	11	expenses	expense	NOUN
fsr-3266	112	12	,	,	PUNCT
fsr-3266	112	13	the	the	DET
fsr-3266	112	14	performance	performance	NOUN
fsr-3266	112	15	of	of	ADP
fsr-3266	112	16	the	the	DET
fsr-3266	112	17	s&p	s&p	PROPN
fsr-3266	112	18	500	500	NUM
fsr-3266	112	19	vix	vix	PROPN
fsr-3266	112	20	short	short	ADJ
fsr-3266	112	21	-	-	PUNCT
fsr-3266	112	22	term	term	NOUN
fsr-3266	112	23	futures	future	NOUN
fsr-3266	112	24	index	index	NOUN
fsr-3266	112	25	.	.	PUNCT
fsr-3266	113	1	the	the	DET
fsr-3266	113	2	vixy	vixy	NOUN
fsr-3266	113	3	holds	hold	VERB
fsr-3266	113	4	vix	vix	NOUN
fsr-3266	113	5	futures	future	NOUN
fsr-3266	113	6	in	in	ADP
fsr-3266	113	7	the	the	DET
fsr-3266	113	8	fund	fund	NOUN
fsr-3266	113	9	and	and	CCONJ
fsr-3266	113	10	is	be	AUX
fsr-3266	113	11	taxed	tax	VERB
fsr-3266	113	12	as	as	ADP
fsr-3266	113	13	a	a	DET
fsr-3266	113	14	partnership	partnership	NOUN
fsr-3266	113	15	,	,	PUNCT
fsr-3266	113	16	generating	generate	VERB
fsr-3266	113	17	a	a	DET
fsr-3266	113	18	k-1	k-1	PROPN
fsr-3266	113	19	(	(	PUNCT
fsr-3266	113	20	see	see	VERB
fsr-3266	113	21	proshares	proshare	NOUN
fsr-3266	113	22	,	,	PUNCT
fsr-3266	113	23	2015a	2015a	NUM
fsr-3266	113	24	)	)	PUNCT
fsr-3266	113	25	.	.	PUNCT
fsr-3266	114	1	4.7	4.7	NUM
fsr-3266	114	2	.	.	PUNCT
fsr-3266	115	1	uvxy	uvxy	NOUN
fsr-3266	115	2	–	–	PUNCT
fsr-3266	115	3	proshares	proshare	VERB
fsr-3266	115	4	ultra	ultra	ADJ
fsr-3266	115	5	vix	vix	PROPN
fsr-3266	115	6	short	short	ADJ
fsr-3266	115	7	-	-	PUNCT
fsr-3266	115	8	term	term	NOUN
fsr-3266	115	9	futures	future	NOUN
fsr-3266	115	10	etf	etf	NOUN
fsr-3266	115	11	the	the	DET
fsr-3266	115	12	shares	share	NOUN
fsr-3266	115	13	comprised	comprise	VERB
fsr-3266	115	14	in	in	ADP
fsr-3266	115	15	the	the	DET
fsr-3266	115	16	uvxy	uvxy	ADJ
fsr-3266	115	17	etf	etf	NOUN
fsr-3266	115	18	make	make	VERB
fsr-3266	115	19	up	up	ADP
fsr-3266	115	20	what	what	PRON
fsr-3266	115	21	is	be	AUX
fsr-3266	115	22	called	call	VERB
fsr-3266	115	23	the	the	DET
fsr-3266	115	24	“	"	PUNCT
fsr-3266	115	25	ultra	ultra	ADJ
fsr-3266	115	26	fund	fund	NOUN
fsr-3266	115	27	.	.	PUNCT
fsr-3266	115	28	”	"	PUNCT
fsr-3266	116	1	the	the	DET
fsr-3266	116	2	ultra	ultra	ADJ
fsr-3266	116	3	fund	fund	NOUN
fsr-3266	116	4	attempts	attempt	VERB
fsr-3266	116	5	to	to	PART
fsr-3266	116	6	achieve	achieve	VERB
fsr-3266	116	7	results	result	NOUN
fsr-3266	116	8	,	,	PUNCT
fsr-3266	116	9	before	before	ADP
fsr-3266	116	10	fees	fee	NOUN
fsr-3266	116	11	and	and	CCONJ
fsr-3266	116	12	expenses	expense	NOUN
fsr-3266	116	13	,	,	PUNCT
fsr-3266	116	14	that	that	PRON
fsr-3266	116	15	are	be	AUX
fsr-3266	116	16	two	two	NUM
fsr-3266	116	17	times	time	NOUN
fsr-3266	116	18	(	(	PUNCT
fsr-3266	116	19	2	2	NUM
fsr-3266	116	20	�	�	NOUN
fsr-3266	116	21	)	)	PUNCT
fsr-3266	116	22	the	the	DET
fsr-3266	116	23	performance	performance	NOUN
fsr-3266	116	24	of	of	ADP
fsr-3266	116	25	the	the	DET
fsr-3266	116	26	s&p	s&p	PROPN
fsr-3266	116	27	500	500	NUM
fsr-3266	116	28	vix	vix	PROPN
fsr-3266	116	29	short	short	ADJ
fsr-3266	116	30	-	-	PUNCT
fsr-3266	116	31	term	term	NOUN
fsr-3266	116	32	futures	future	NOUN
fsr-3266	116	33	index	index	NOUN
fsr-3266	116	34	each	each	DET
fsr-3266	116	35	day	day	NOUN
fsr-3266	116	36	.	.	PUNCT
fsr-3266	117	1	the	the	DET
fsr-3266	117	2	uvxy	uvxy	PROPN
fsr-3266	117	3	holds	hold	VERB
fsr-3266	117	4	vix	vix	NOUN
fsr-3266	117	5	futures	future	NOUN
fsr-3266	117	6	in	in	ADP
fsr-3266	117	7	the	the	DET
fsr-3266	117	8	fund	fund	NOUN
fsr-3266	117	9	and	and	CCONJ
fsr-3266	117	10	is	be	AUX
fsr-3266	117	11	taxed	tax	VERB
fsr-3266	117	12	as	as	ADP
fsr-3266	117	13	a	a	DET
fsr-3266	117	14	partnership	partnership	NOUN
fsr-3266	117	15	,	,	PUNCT
fsr-3266	117	16	generating	generate	VERB
fsr-3266	117	17	a	a	DET
fsr-3266	117	18	k-1	k-1	PROPN
fsr-3266	117	19	(	(	PUNCT
fsr-3266	117	20	see	see	VERB
fsr-3266	117	21	proshares	proshare	NOUN
fsr-3266	117	22	,	,	PUNCT
fsr-3266	117	23	2015b	2015b	NUM
fsr-3266	117	24	)	)	PUNCT
fsr-3266	117	25	.	.	PUNCT
fsr-3266	118	1	4.8	4.8	NUM
fsr-3266	118	2	.	.	PUNCT
fsr-3266	118	3	svxy	svxy	NOUN
fsr-3266	118	4	–	–	PUNCT
fsr-3266	118	5	proshares	proshare	NOUN
fsr-3266	118	6	short	short	PROPN
fsr-3266	118	7	vix	vix	PROPN
fsr-3266	118	8	short	short	ADJ
fsr-3266	118	9	-	-	PUNCT
fsr-3266	118	10	term	term	NOUN
fsr-3266	118	11	futures	future	NOUN
fsr-3266	118	12	etf	etf	NOUN
fsr-3266	118	13	the	the	DET
fsr-3266	118	14	shares	share	NOUN
fsr-3266	118	15	comprised	comprise	VERB
fsr-3266	118	16	in	in	ADP
fsr-3266	118	17	the	the	DET
fsr-3266	118	18	svxy	svxy	NOUN
fsr-3266	118	19	etf	etf	NOUN
fsr-3266	118	20	make	make	VERB
fsr-3266	118	21	up	up	ADP
fsr-3266	118	22	what	what	PRON
fsr-3266	118	23	is	be	AUX
fsr-3266	118	24	called	call	VERB
fsr-3266	118	25	the	the	DET
fsr-3266	118	26	“	"	PUNCT
fsr-3266	118	27	short	short	ADJ
fsr-3266	118	28	fund	fund	NOUN
fsr-3266	118	29	.	.	PUNCT
fsr-3266	118	30	”	"	PUNCT
fsr-3266	119	1	the	the	DET
fsr-3266	119	2	short	short	ADJ
fsr-3266	119	3	fund	fund	NOUN
fsr-3266	119	4	seeks	seek	VERB
fsr-3266	119	5	results	result	NOUN
fsr-3266	119	6	,	,	PUNCT
fsr-3266	119	7	before	before	ADP
fsr-3266	119	8	fees	fee	NOUN
fsr-3266	119	9	and	and	CCONJ
fsr-3266	119	10	expenses	expense	NOUN
fsr-3266	119	11	,	,	PUNCT
fsr-3266	119	12	that	that	PRON
fsr-3266	119	13	correspond	correspond	VERB
fsr-3266	119	14	to	to	ADP
fsr-3266	119	15	the	the	DET
fsr-3266	119	16	inverse	inverse	NOUN
fsr-3266	119	17	(	(	PUNCT
fsr-3266	119	18	�	�	PROPN
fsr-3266	119	19	1	1	NUM
fsr-3266	119	20	�	�	PROPN
fsr-3266	119	21	)	)	PUNCT
fsr-3266	119	22	of	of	ADP
fsr-3266	119	23	the	the	DET
fsr-3266	119	24	performance	performance	NOUN
fsr-3266	119	25	of	of	ADP
fsr-3266	119	26	the	the	DET
fsr-3266	119	27	s&p	s&p	PROPN
fsr-3266	119	28	500	500	NUM
fsr-3266	119	29	vix	vix	PROPN
fsr-3266	119	30	short	short	ADJ
fsr-3266	119	31	-	-	PUNCT
fsr-3266	119	32	term	term	NOUN
fsr-3266	119	33	futures	future	NOUN
fsr-3266	119	34	index	index	NOUN
fsr-3266	119	35	on	on	ADP
fsr-3266	119	36	a	a	DET
fsr-3266	119	37	daily	daily	ADJ
fsr-3266	119	38	basis	basis	NOUN
fsr-3266	119	39	.	.	PUNCT
fsr-3266	120	1	the	the	DET
fsr-3266	120	2	svxy	svxy	NOUN
fsr-3266	120	3	holds	hold	VERB
fsr-3266	120	4	vix	vix	NOUN
fsr-3266	120	5	futures	future	NOUN
fsr-3266	120	6	in	in	ADP
fsr-3266	120	7	the	the	DET
fsr-3266	120	8	fund	fund	NOUN
fsr-3266	120	9	and	and	CCONJ
fsr-3266	120	10	is	be	AUX
fsr-3266	120	11	taxed	tax	VERB
fsr-3266	120	12	as	as	ADP
fsr-3266	120	13	a	a	DET
fsr-3266	120	14	partnership	partnership	NOUN
fsr-3266	120	15	,	,	PUNCT
fsr-3266	120	16	generating	generate	VERB
fsr-3266	120	17	a	a	DET
fsr-3266	120	18	k-1	k-1	PROPN
fsr-3266	120	19	(	(	PUNCT
fsr-3266	120	20	see	see	VERB
fsr-3266	120	21	proshares	proshare	NOUN
fsr-3266	120	22	,	,	PUNCT
fsr-3266	120	23	2015c	2015c	NUM
fsr-3266	120	24	)	)	PUNCT
fsr-3266	120	25	.	.	PUNCT
fsr-3266	121	1	five	five	NUM
fsr-3266	121	2	of	of	ADP
fsr-3266	121	3	these	these	DET
fsr-3266	121	4	etps	etps	NOUN
fsr-3266	121	5	are	be	AUX
fsr-3266	121	6	exchange	exchange	NOUN
fsr-3266	121	7	traded	trade	VERB
fsr-3266	121	8	notes	note	NOUN
fsr-3266	121	9	(	(	PUNCT
fsr-3266	121	10	etns	etns	NOUN
fsr-3266	121	11	)	)	PUNCT
fsr-3266	121	12	and	and	CCONJ
fsr-3266	121	13	three	three	NUM
fsr-3266	121	14	are	be	AUX
fsr-3266	121	15	exchange	exchange	NOUN
fsr-3266	121	16	traded	trade	VERB
fsr-3266	121	17	funds	fund	NOUN
fsr-3266	121	18	(	(	PUNCT
fsr-3266	121	19	etfs	etfs	PROPN
fsr-3266	121	20	)	)	PUNCT
fsr-3266	121	21	.	.	PUNCT
fsr-3266	122	1	there	there	PRON
fsr-3266	122	2	are	be	VERB
fsr-3266	122	3	slight	slight	ADJ
fsr-3266	122	4	differences	difference	NOUN
fsr-3266	122	5	between	between	ADP
fsr-3266	122	6	the	the	DET
fsr-3266	122	7	structures	structure	NOUN
fsr-3266	122	8	of	of	ADP
fsr-3266	122	9	vix	vix	PROPN
fsr-3266	122	10	etns	etns	NOUN
fsr-3266	122	11	and	and	CCONJ
fsr-3266	122	12	vix	vix	PROPN
fsr-3266	122	13	etfs	etfs	PROPN
fsr-3266	122	14	that	that	SCONJ
fsr-3266	122	15	individual	individual	ADJ
fsr-3266	122	16	investors	investor	NOUN
fsr-3266	122	17	,	,	PUNCT
fsr-3266	122	18	in	in	ADP
fsr-3266	122	19	particular	particular	ADJ
fsr-3266	122	20	,	,	PUNCT
fsr-3266	122	21	must	must	AUX
fsr-3266	122	22	be	be	AUX
fsr-3266	122	23	aware	aware	ADJ
fsr-3266	122	24	of	of	ADP
fsr-3266	122	25	.	.	PUNCT
fsr-3266	122	26	etns	etns	PROPN
fsr-3266	122	27	,	,	PUNCT
fsr-3266	122	28	in	in	ADP
fsr-3266	122	29	general	general	ADJ
fsr-3266	122	30	,	,	PUNCT
fsr-3266	122	31	promise	promise	NOUN
fsr-3266	122	32	to	to	PART
fsr-3266	122	33	match	match	VERB
fsr-3266	122	34	the	the	DET
fsr-3266	122	35	return	return	NOUN
fsr-3266	122	36	of	of	ADP
fsr-3266	122	37	the	the	DET
fsr-3266	122	38	underlying	underlying	ADJ
fsr-3266	122	39	index	index	NOUN
fsr-3266	122	40	.	.	PUNCT
fsr-3266	123	1	because	because	SCONJ
fsr-3266	123	2	they	they	PRON
fsr-3266	123	3	are	be	AUX
fsr-3266	123	4	notes	note	NOUN
fsr-3266	123	5	,	,	PUNCT
fsr-3266	123	6	similar	similar	ADJ
fsr-3266	123	7	to	to	ADP
fsr-3266	123	8	bonds	bond	NOUN
fsr-3266	123	9	,	,	PUNCT
fsr-3266	123	10	the	the	DET
fsr-3266	123	11	creditworthiness	creditworthiness	NOUN
fsr-3266	123	12	of	of	ADP
fsr-3266	123	13	etn	etn	PROPN
fsr-3266	123	14	issuers	issuer	NOUN
fsr-3266	123	15	is	be	AUX
fsr-3266	123	16	important	important	ADJ
fsr-3266	123	17	.	.	PUNCT
fsr-3266	124	1	etns	etns	PROPN
fsr-3266	124	2	are	be	AUX
fsr-3266	124	3	structured	structure	VERB
fsr-3266	124	4	as	as	ADP
fsr-3266	124	5	debt	debt	NOUN
fsr-3266	124	6	instruments	instrument	NOUN
fsr-3266	124	7	with	with	ADP
fsr-3266	124	8	a	a	DET
fsr-3266	124	9	maturity	maturity	NOUN
fsr-3266	124	10	date	date	NOUN
fsr-3266	124	11	.	.	PUNCT
fsr-3266	125	1	etfs	etfs	PROPN
fsr-3266	125	2	,	,	PUNCT
fsr-3266	125	3	on	on	ADP
fsr-3266	125	4	the	the	DET
fsr-3266	125	5	other	other	ADJ
fsr-3266	125	6	hand	hand	NOUN
fsr-3266	125	7	,	,	PUNCT
fsr-3266	125	8	pool	pool	NOUN
fsr-3266	125	9	together	together	ADV
fsr-3266	125	10	funds	fund	NOUN
fsr-3266	125	11	from	from	ADP
fsr-3266	125	12	investors	investor	NOUN
fsr-3266	125	13	and	and	CCONJ
fsr-3266	125	14	then	then	ADV
fsr-3266	125	15	use	use	VERB
fsr-3266	125	16	these	these	DET
fsr-3266	125	17	pooled	pool	VERB
fsr-3266	125	18	funds	fund	NOUN
fsr-3266	125	19	to	to	PART
fsr-3266	125	20	invest	invest	VERB
fsr-3266	125	21	in	in	ADP
fsr-3266	125	22	securities	security	NOUN
fsr-3266	125	23	in	in	ADP
fsr-3266	125	24	an	an	DET
fsr-3266	125	25	attempt	attempt	NOUN
fsr-3266	125	26	to	to	PART
fsr-3266	125	27	match	match	VERB
fsr-3266	125	28	the	the	DET
fsr-3266	125	29	performance	performance	NOUN
fsr-3266	125	30	of	of	ADP
fsr-3266	125	31	an	an	DET
fsr-3266	125	32	index	index	NOUN
fsr-3266	125	33	.	.	PUNCT
fsr-3266	126	1	shareholders	shareholder	NOUN
fsr-3266	126	2	do	do	AUX
fsr-3266	126	3	not	not	PART
fsr-3266	126	4	directly	directly	ADV
fsr-3266	126	5	own	own	VERB
fsr-3266	126	6	the	the	DET
fsr-3266	126	7	underlying	underlie	VERB
fsr-3266	126	8	investments	investment	NOUN
fsr-3266	126	9	in	in	ADP
fsr-3266	126	10	the	the	DET
fsr-3266	126	11	fund	fund	NOUN
fsr-3266	126	12	,	,	PUNCT
fsr-3266	126	13	but	but	CCONJ
fsr-3266	126	14	they	they	PRON
fsr-3266	126	15	own	own	VERB
fsr-3266	126	16	shares	share	NOUN
fsr-3266	126	17	of	of	ADP
fsr-3266	126	18	the	the	DET
fsr-3266	126	19	fund	fund	NOUN
fsr-3266	126	20	,	,	PUNCT
fsr-3266	126	21	so	so	ADV
fsr-3266	126	22	indirectly	indirectly	ADV
fsr-3266	126	23	own	own	VERB
fsr-3266	126	24	the	the	DET
fsr-3266	126	25	underlying	underlie	VERB
fsr-3266	126	26	assets	asset	NOUN
fsr-3266	126	27	.	.	PUNCT
fsr-3266	127	1	78	78	NUM
fsr-3266	127	2	r.	r.	PROPN
fsr-3266	127	3	parker	parker	PROPN
fsr-3266	127	4	clowers	clowers	PROPN
fsr-3266	127	5	,	,	PUNCT
fsr-3266	127	6	t.l	t.l	PROPN
fsr-3266	127	7	.	.	PROPN
fsr-3266	127	8	jones	jones	PROPN
fsr-3266	127	9	/	/	SYM
fsr-3266	127	10	financial	financial	ADJ
fsr-3266	127	11	services	service	NOUN
fsr-3266	127	12	review	review	VERB
fsr-3266	127	13	25	25	NUM
fsr-3266	127	14	(	(	PUNCT
fsr-3266	127	15	2016	2016	NUM
fsr-3266	127	16	)	)	PUNCT
fsr-3266	127	17	73–85	73–85	NUM
fsr-3266	127	18	5	5	NUM
fsr-3266	127	19	.	.	PUNCT
fsr-3266	128	1	is	be	AUX
fsr-3266	128	2	a	a	DET
fsr-3266	128	3	vix	vix	NOUN
fsr-3266	128	4	etp	etp	PROPN
fsr-3266	128	5	an	an	DET
fsr-3266	128	6	investment	investment	NOUN
fsr-3266	128	7	in	in	ADP
fsr-3266	128	8	the	the	DET
fsr-3266	128	9	vix	vix	NOUN
fsr-3266	128	10	?	?	PUNCT
fsr-3266	129	1	to	to	PART
fsr-3266	129	2	determine	determine	VERB
fsr-3266	129	3	if	if	SCONJ
fsr-3266	129	4	vix	vix	PROPN
fsr-3266	129	5	etps	etps	VERB
fsr-3266	129	6	truly	truly	ADV
fsr-3266	129	7	replicate	replicate	VERB
fsr-3266	129	8	an	an	DET
fsr-3266	129	9	investment	investment	NOUN
fsr-3266	129	10	in	in	ADP
fsr-3266	129	11	the	the	DET
fsr-3266	129	12	vix	vix	PROPN
fsr-3266	129	13	index	index	NOUN
fsr-3266	129	14	,	,	PUNCT
fsr-3266	129	15	and	and	CCONJ
fsr-3266	129	16	if	if	SCONJ
fsr-3266	129	17	so	so	ADV
fsr-3266	129	18	how	how	SCONJ
fsr-3266	129	19	much	much	ADJ
fsr-3266	129	20	,	,	PUNCT
fsr-3266	129	21	this	this	DET
fsr-3266	129	22	section	section	NOUN
fsr-3266	129	23	compares	compare	VERB
fsr-3266	129	24	the	the	DET
fsr-3266	129	25	daily	daily	ADJ
fsr-3266	129	26	returns	return	NOUN
fsr-3266	129	27	of	of	ADP
fsr-3266	129	28	each	each	DET
fsr-3266	129	29	etp	etp	PROPN
fsr-3266	129	30	with	with	ADP
fsr-3266	129	31	the	the	DET
fsr-3266	129	32	returns	return	NOUN
fsr-3266	129	33	of	of	ADP
fsr-3266	129	34	the	the	DET
fsr-3266	129	35	vix	vix	PROPN
fsr-3266	129	36	index	index	NOUN
fsr-3266	129	37	.	.	PUNCT
fsr-3266	130	1	because	because	SCONJ
fsr-3266	130	2	the	the	DET
fsr-3266	130	3	vix	vix	PROPN
fsr-3266	130	4	index	index	NOUN
fsr-3266	130	5	is	be	AUX
fsr-3266	130	6	not	not	PART
fsr-3266	130	7	tradable	tradable	ADJ
fsr-3266	130	8	,	,	PUNCT
fsr-3266	130	9	it	it	PRON
fsr-3266	130	10	is	be	AUX
fsr-3266	130	11	important	important	ADJ
fsr-3266	130	12	to	to	PART
fsr-3266	130	13	distinguish	distinguish	VERB
fsr-3266	130	14	whether	whether	SCONJ
fsr-3266	130	15	or	or	CCONJ
fsr-3266	130	16	not	not	PART
fsr-3266	130	17	an	an	DET
fsr-3266	130	18	investment	investment	NOUN
fsr-3266	130	19	in	in	ADP
fsr-3266	130	20	a	a	DET
fsr-3266	130	21	vix	vix	NOUN
fsr-3266	130	22	-	-	PUNCT
fsr-3266	130	23	based	base	VERB
fsr-3266	130	24	etp	etp	PROPN
fsr-3266	130	25	is	be	AUX
fsr-3266	130	26	a	a	DET
fsr-3266	130	27	true	true	ADJ
fsr-3266	130	28	substitute	substitute	NOUN
fsr-3266	130	29	for	for	ADP
fsr-3266	130	30	an	an	DET
fsr-3266	130	31	investment	investment	NOUN
fsr-3266	130	32	in	in	ADP
fsr-3266	130	33	the	the	DET
fsr-3266	130	34	index	index	NOUN
fsr-3266	130	35	.	.	PUNCT
fsr-3266	131	1	many	many	ADJ
fsr-3266	131	2	investors	investor	NOUN
fsr-3266	131	3	may	may	AUX
fsr-3266	131	4	assume	assume	VERB
fsr-3266	131	5	they	they	PRON
fsr-3266	131	6	are	be	AUX
fsr-3266	131	7	gaining	gain	VERB
fsr-3266	131	8	highly	highly	ADV
fsr-3266	131	9	correlated	correlate	VERB
fsr-3266	131	10	exposure	exposure	NOUN
fsr-3266	131	11	to	to	ADP
fsr-3266	131	12	the	the	DET
fsr-3266	131	13	vix	vix	PROPN
fsr-3266	131	14	index	index	NOUN
fsr-3266	131	15	when	when	SCONJ
fsr-3266	131	16	purchasing	purchase	VERB
fsr-3266	131	17	a	a	DET
fsr-3266	131	18	vix	vix	NOUN
fsr-3266	131	19	etp	etp	PROPN
fsr-3266	131	20	,	,	PUNCT
fsr-3266	131	21	when	when	SCONJ
fsr-3266	131	22	they	they	PRON
fsr-3266	131	23	may	may	AUX
fsr-3266	131	24	not	not	PART
fsr-3266	131	25	.	.	PUNCT
fsr-3266	132	1	as	as	SCONJ
fsr-3266	132	2	mentioned	mention	VERB
fsr-3266	132	3	previously	previously	ADV
fsr-3266	132	4	,	,	PUNCT
fsr-3266	132	5	our	our	PRON
fsr-3266	132	6	study	study	NOUN
fsr-3266	132	7	analyzes	analyze	VERB
fsr-3266	132	8	data	datum	NOUN
fsr-3266	132	9	from	from	ADP
fsr-3266	132	10	october	october	PROPN
fsr-3266	132	11	4	4	NUM
fsr-3266	132	12	,	,	PUNCT
fsr-3266	132	13	2011	2011	NUM
fsr-3266	132	14	through	through	ADP
fsr-3266	132	15	december	december	PROPN
fsr-3266	132	16	31	31	NUM
fsr-3266	132	17	,	,	PUNCT
fsr-3266	132	18	2014	2014	NUM
fsr-3266	132	19	.	.	PUNCT
fsr-3266	133	1	fig	fig	NOUN
fsr-3266	133	2	.	.	PUNCT
fsr-3266	134	1	1	1	NUM
fsr-3266	134	2	shows	show	VERB
fsr-3266	134	3	the	the	DET
fsr-3266	134	4	vix	vix	PROPN
fsr-3266	134	5	index	index	NOUN
fsr-3266	134	6	,	,	PUNCT
fsr-3266	134	7	over	over	ADP
fsr-3266	134	8	the	the	DET
fsr-3266	134	9	period	period	NOUN
fsr-3266	134	10	of	of	ADP
fsr-3266	134	11	analysis	analysis	NOUN
fsr-3266	134	12	,	,	PUNCT
fsr-3266	134	13	compared	compare	VERB
fsr-3266	134	14	with	with	ADP
fsr-3266	134	15	the	the	DET
fsr-3266	134	16	unlevered	unlevered	ADJ
fsr-3266	134	17	etps	etps	NOUN
fsr-3266	134	18	(	(	PUNCT
fsr-3266	134	19	vxx	vxx	PROPN
fsr-3266	134	20	,	,	PUNCT
fsr-3266	134	21	vxz	vxz	PROPN
fsr-3266	134	22	,	,	PUNCT
fsr-3266	134	23	viix	viix	NOUN
fsr-3266	134	24	,	,	PUNCT
fsr-3266	134	25	and	and	CCONJ
fsr-3266	134	26	vixy	vixy	ADV
fsr-3266	134	27	)	)	PUNCT
fsr-3266	134	28	.	.	PUNCT
fsr-3266	135	1	one	one	PRON
fsr-3266	135	2	can	can	AUX
fsr-3266	135	3	see	see	VERB
fsr-3266	135	4	that	that	SCONJ
fsr-3266	135	5	none	none	NOUN
fsr-3266	135	6	of	of	ADP
fsr-3266	135	7	these	these	DET
fsr-3266	135	8	etps	etps	NOUN
fsr-3266	135	9	track	track	NOUN
fsr-3266	135	10	the	the	DET
fsr-3266	135	11	vix	vix	PROPN
fsr-3266	135	12	index	index	NOUN
fsr-3266	135	13	very	very	ADV
fsr-3266	135	14	well	well	ADV
fsr-3266	135	15	over	over	ADP
fsr-3266	135	16	time	time	NOUN
fsr-3266	135	17	.	.	PUNCT
fsr-3266	136	1	all	all	DET
fsr-3266	136	2	three	three	NUM
fsr-3266	136	3	etps	etps	NOUN
fsr-3266	136	4	that	that	PRON
fsr-3266	136	5	follow	follow	VERB
fsr-3266	136	6	the	the	DET
fsr-3266	136	7	s&p	s&p	PROPN
fsr-3266	136	8	st	st	PROPN
fsr-3266	136	9	index	index	PROPN
fsr-3266	136	10	(	(	PUNCT
fsr-3266	136	11	vxx	vxx	PROPN
fsr-3266	136	12	,	,	PUNCT
fsr-3266	136	13	viix	viix	NOUN
fsr-3266	136	14	,	,	PUNCT
fsr-3266	136	15	and	and	CCONJ
fsr-3266	136	16	vixy	vixy	ADV
fsr-3266	136	17	)	)	PUNCT
fsr-3266	136	18	are	be	AUX
fsr-3266	136	19	very	very	ADV
fsr-3266	136	20	highly	highly	ADV
fsr-3266	136	21	correlated	correlate	VERB
fsr-3266	136	22	with	with	ADP
fsr-3266	136	23	each	each	DET
fsr-3266	136	24	other	other	ADJ
fsr-3266	136	25	.	.	PUNCT
fsr-3266	137	1	in	in	ADP
fsr-3266	137	2	fact	fact	NOUN
fsr-3266	137	3	,	,	PUNCT
fsr-3266	137	4	the	the	DET
fsr-3266	137	5	three	three	NUM
fsr-3266	137	6	series	series	NOUN
fsr-3266	137	7	are	be	AUX
fsr-3266	137	8	not	not	PART
fsr-3266	137	9	distinguishable	distinguishable	ADJ
fsr-3266	137	10	from	from	ADP
fsr-3266	137	11	each	each	DET
fsr-3266	137	12	other	other	ADJ
fsr-3266	137	13	.	.	PUNCT
fsr-3266	138	1	because	because	SCONJ
fsr-3266	138	2	of	of	ADP
fsr-3266	138	3	this	this	PRON
fsr-3266	138	4	,	,	PUNCT
fsr-3266	138	5	the	the	DET
fsr-3266	138	6	return	return	NOUN
fsr-3266	138	7	path	path	NOUN
fsr-3266	138	8	of	of	ADP
fsr-3266	138	9	vxx	vxx	PROPN
fsr-3266	138	10	,	,	PUNCT
fsr-3266	138	11	viix	viix	NOUN
fsr-3266	138	12	,	,	PUNCT
fsr-3266	138	13	and	and	CCONJ
fsr-3266	138	14	vixy	vixy	NOUN
fsr-3266	138	15	are	be	AUX
fsr-3266	138	16	combined	combine	VERB
fsr-3266	138	17	for	for	ADP
fsr-3266	138	18	clarity	clarity	NOUN
fsr-3266	138	19	.	.	PUNCT
fsr-3266	139	1	these	these	DET
fsr-3266	139	2	funds	fund	NOUN
fsr-3266	139	3	begin	begin	VERB
fsr-3266	139	4	at	at	ADP
fsr-3266	139	5	a	a	DET
fsr-3266	139	6	base	base	NOUN
fsr-3266	139	7	of	of	ADP
fsr-3266	139	8	1.00	1.00	NUM
fsr-3266	139	9	in	in	ADP
fsr-3266	139	10	october	october	PROPN
fsr-3266	139	11	2011	2011	NUM
fsr-3266	139	12	and	and	CCONJ
fsr-3266	139	13	end	end	VERB
fsr-3266	139	14	at	at	ADP
fsr-3266	139	15	a	a	DET
fsr-3266	139	16	value	value	NOUN
fsr-3266	139	17	of	of	ADP
fsr-3266	139	18	0.04	0.04	NUM
fsr-3266	139	19	in	in	ADP
fsr-3266	139	20	december	december	PROPN
fsr-3266	139	21	2014	2014	NUM
fsr-3266	139	22	,	,	PUNCT
fsr-3266	139	23	while	while	SCONJ
fsr-3266	139	24	the	the	DET
fsr-3266	139	25	vix	vix	PROPN
fsr-3266	139	26	index	index	NOUN
fsr-3266	139	27	goes	go	VERB
fsr-3266	139	28	from	from	ADP
fsr-3266	139	29	1.00	1.00	NUM
fsr-3266	139	30	to	to	ADP
fsr-3266	139	31	0.47	0.47	NUM
fsr-3266	139	32	,	,	PUNCT
fsr-3266	139	33	during	during	ADP
fsr-3266	139	34	the	the	DET
fsr-3266	139	35	period	period	NOUN
fsr-3266	139	36	.	.	PUNCT
fsr-3266	140	1	thus	thus	ADV
fsr-3266	140	2	,	,	PUNCT
fsr-3266	140	3	a	a	DET
fsr-3266	140	4	buy	buy	VERB
fsr-3266	140	5	-	-	PUNCT
fsr-3266	140	6	and	and	CCONJ
fsr-3266	140	7	-	-	PUNCT
fsr-3266	140	8	hold	hold	VERB
fsr-3266	140	9	strategy	strategy	NOUN
fsr-3266	140	10	in	in	ADP
fsr-3266	140	11	these	these	DET
fsr-3266	140	12	funds	fund	NOUN
fsr-3266	140	13	would	would	AUX
fsr-3266	140	14	be	be	AUX
fsr-3266	140	15	devastating	devastating	ADJ
fsr-3266	140	16	to	to	ADP
fsr-3266	140	17	an	an	DET
fsr-3266	140	18	investor	investor	NOUN
fsr-3266	140	19	.	.	PUNCT
fsr-3266	141	1	vxz	vxz	PROPN
fsr-3266	141	2	,	,	PUNCT
fsr-3266	141	3	the	the	DET
fsr-3266	141	4	fund	fund	NOUN
fsr-3266	141	5	that	that	PRON
fsr-3266	141	6	follows	follow	VERB
fsr-3266	141	7	the	the	DET
fsr-3266	141	8	midterm	midterm	PROPN
fsr-3266	141	9	index	index	NOUN
fsr-3266	141	10	,	,	PUNCT
fsr-3266	141	11	fares	fare	NOUN
fsr-3266	141	12	a	a	DET
fsr-3266	141	13	bit	bit	NOUN
fsr-3266	141	14	better	well	ADJ
fsr-3266	141	15	than	than	ADP
fsr-3266	141	16	the	the	DET
fsr-3266	141	17	short	short	ADJ
fsr-3266	141	18	-	-	PUNCT
fsr-3266	141	19	term	term	NOUN
fsr-3266	141	20	etps	etps	NOUN
fsr-3266	141	21	,	,	PUNCT
fsr-3266	141	22	going	go	VERB
fsr-3266	141	23	from	from	ADP
fsr-3266	141	24	1.00	1.00	NUM
fsr-3266	141	25	to	to	ADP
fsr-3266	141	26	0.18	0.18	NUM
fsr-3266	141	27	over	over	ADP
fsr-3266	141	28	the	the	DET
fsr-3266	141	29	period	period	NOUN
fsr-3266	141	30	,	,	PUNCT
fsr-3266	141	31	but	but	CCONJ
fsr-3266	141	32	still	still	ADV
fsr-3266	141	33	ended	end	VERB
fsr-3266	141	34	no	no	INTJ
fsr-3266	141	35	where	where	SCONJ
fsr-3266	141	36	near	near	ADP
fsr-3266	141	37	the	the	DET
fsr-3266	141	38	vix	vix	PROPN
fsr-3266	141	39	index	index	NOUN
fsr-3266	141	40	.	.	PUNCT
fsr-3266	142	1	in	in	ADP
fsr-3266	142	2	addition	addition	NOUN
fsr-3266	142	3	,	,	PUNCT
fsr-3266	142	4	one	one	PRON
fsr-3266	142	5	can	can	AUX
fsr-3266	142	6	see	see	VERB
fsr-3266	142	7	that	that	SCONJ
fsr-3266	142	8	the	the	DET
fsr-3266	142	9	volatility	volatility	NOUN
fsr-3266	142	10	of	of	ADP
fsr-3266	142	11	none	none	NOUN
fsr-3266	142	12	of	of	ADP
fsr-3266	142	13	these	these	DET
fsr-3266	142	14	funds	fund	NOUN
fsr-3266	142	15	matches	match	VERB
fsr-3266	142	16	that	that	PRON
fsr-3266	142	17	of	of	ADP
fsr-3266	142	18	the	the	DET
fsr-3266	142	19	vix	vix	PROPN
fsr-3266	142	20	index	index	NOUN
fsr-3266	142	21	.	.	PUNCT
fsr-3266	143	1	it	it	PRON
fsr-3266	143	2	is	be	AUX
fsr-3266	143	3	important	important	ADJ
fsr-3266	143	4	to	to	PART
fsr-3266	143	5	point	point	VERB
fsr-3266	143	6	out	out	ADP
fsr-3266	143	7	that	that	SCONJ
fsr-3266	143	8	there	there	PRON
fsr-3266	143	9	are	be	VERB
fsr-3266	143	10	periods	period	NOUN
fsr-3266	143	11	where	where	SCONJ
fsr-3266	143	12	these	these	DET
fsr-3266	143	13	etps	etps	NOUN
fsr-3266	143	14	had	have	VERB
fsr-3266	143	15	positive	positive	ADJ
fsr-3266	143	16	returns	return	NOUN
fsr-3266	143	17	.	.	PUNCT
fsr-3266	144	1	as	as	SCONJ
fsr-3266	144	2	shown	show	VERB
fsr-3266	144	3	in	in	ADP
fsr-3266	144	4	fig	fig	NOUN
fsr-3266	144	5	.	.	PUNCT
fsr-3266	145	1	1	1	NUM
fsr-3266	145	2	,	,	PUNCT
fsr-3266	145	3	a	a	DET
fsr-3266	145	4	buy	buy	VERB
fsr-3266	145	5	-	-	PUNCT
fsr-3266	145	6	and	and	CCONJ
fsr-3266	145	7	-	-	PUNCT
fsr-3266	145	8	hold	hold	VERB
fsr-3266	145	9	strategy	strategy	NOUN
fsr-3266	145	10	is	be	AUX
fsr-3266	145	11	not	not	PART
fsr-3266	145	12	what	what	PRON
fsr-3266	145	13	an	an	DET
fsr-3266	145	14	individual	individual	ADJ
fsr-3266	145	15	investor	investor	NOUN
fsr-3266	145	16	would	would	AUX
fsr-3266	145	17	want	want	VERB
fsr-3266	145	18	to	to	PART
fsr-3266	145	19	pursue	pursue	VERB
fsr-3266	145	20	.	.	PUNCT
fsr-3266	146	1	however	however	ADV
fsr-3266	146	2	,	,	PUNCT
fsr-3266	146	3	the	the	DET
fsr-3266	146	4	periods	period	NOUN
fsr-3266	146	5	of	of	ADP
fsr-3266	146	6	late-2011	late-2011	NOUN
fsr-3266	146	7	,	,	PUNCT
fsr-3266	146	8	april	april	PROPN
fsr-3266	146	9	through	through	ADP
fsr-3266	146	10	may	may	PROPN
fsr-3266	146	11	2012	2012	NUM
fsr-3266	146	12	,	,	PUNCT
fsr-3266	146	13	december	december	PROPN
fsr-3266	146	14	2012	2012	NUM
fsr-3266	146	15	,	,	PUNCT
fsr-3266	146	16	and	and	CCONJ
fsr-3266	146	17	other	other	ADJ
fsr-3266	146	18	short	short	ADJ
fsr-3266	146	19	-	-	PUNCT
fsr-3266	146	20	term	term	NOUN
fsr-3266	146	21	periods	period	NOUN
fsr-3266	146	22	where	where	SCONJ
fsr-3266	146	23	the	the	DET
fsr-3266	146	24	vix	vix	PROPN
fsr-3266	146	25	index	index	NOUN
fsr-3266	146	26	spikes	spike	NOUN
fsr-3266	146	27	would	would	AUX
fsr-3266	146	28	have	have	AUX
fsr-3266	146	29	proved	prove	VERB
fsr-3266	146	30	very	very	ADV
fsr-3266	146	31	profitable	profitable	ADJ
fsr-3266	146	32	if	if	SCONJ
fsr-3266	146	33	an	an	DET
fsr-3266	146	34	investor	investor	NOUN
fsr-3266	146	35	chose	choose	VERB
fsr-3266	146	36	to	to	PART
fsr-3266	146	37	purchase	purchase	VERB
fsr-3266	146	38	one	one	NUM
fsr-3266	146	39	of	of	ADP
fsr-3266	146	40	these	these	DET
fsr-3266	146	41	etps	etps	NOUN
fsr-3266	146	42	and	and	CCONJ
fsr-3266	146	43	sell	sell	VERB
fsr-3266	146	44	it	it	PRON
fsr-3266	146	45	before	before	ADP
fsr-3266	146	46	its	its	PRON
fsr-3266	146	47	decline	decline	NOUN
fsr-3266	146	48	.	.	PUNCT
fsr-3266	147	1	thus	thus	ADV
fsr-3266	147	2	,	,	PUNCT
fsr-3266	147	3	for	for	ADP
fsr-3266	147	4	the	the	DET
fsr-3266	147	5	short	short	ADJ
fsr-3266	147	6	-	-	PUNCT
fsr-3266	147	7	term	term	NOUN
fsr-3266	147	8	,	,	PUNCT
fsr-3266	147	9	these	these	DET
fsr-3266	147	10	products	product	NOUN
fsr-3266	147	11	can	can	AUX
fsr-3266	147	12	enhance	enhance	VERB
fsr-3266	147	13	portfolio	portfolio	NOUN
fsr-3266	147	14	returns	return	NOUN
fsr-3266	147	15	.	.	PUNCT
fsr-3266	148	1	examination	examination	NOUN
fsr-3266	148	2	of	of	ADP
fsr-3266	148	3	fig	fig	NOUN
fsr-3266	148	4	.	.	PUNCT
fsr-3266	149	1	2	2	NUM
fsr-3266	149	2	,	,	PUNCT
fsr-3266	149	3	shows	show	VERB
fsr-3266	149	4	the	the	DET
fsr-3266	149	5	two	two	NUM
fsr-3266	149	6	inverse	inverse	NOUN
fsr-3266	149	7	etps	etps	NOUN
fsr-3266	149	8	(	(	PUNCT
fsr-3266	149	9	xiv	xiv	NOUN
fsr-3266	149	10	and	and	CCONJ
fsr-3266	149	11	svxy	svxy	NOUN
fsr-3266	149	12	)	)	PUNCT
fsr-3266	149	13	versus	versus	ADP
fsr-3266	149	14	the	the	DET
fsr-3266	149	15	vix	vix	PROPN
fsr-3266	149	16	index	index	NOUN
fsr-3266	149	17	.	.	PUNCT
fsr-3266	150	1	one	one	PRON
fsr-3266	150	2	can	can	AUX
fsr-3266	150	3	see	see	VERB
fsr-3266	150	4	that	that	SCONJ
fsr-3266	150	5	these	these	DET
fsr-3266	150	6	two	two	NUM
fsr-3266	150	7	funds	fund	NOUN
fsr-3266	150	8	performed	perform	VERB
fsr-3266	150	9	very	very	ADV
fsr-3266	150	10	well	well	ADV
fsr-3266	150	11	over	over	ADP
fsr-3266	150	12	the	the	DET
fsr-3266	150	13	period	period	NOUN
fsr-3266	150	14	,	,	PUNCT
fsr-3266	150	15	going	go	VERB
fsr-3266	150	16	from	from	ADP
fsr-3266	150	17	1.00	1.00	NUM
fsr-3266	150	18	to	to	ADP
fsr-3266	150	19	5.70	5.70	NUM
fsr-3266	150	20	(	(	PUNCT
fsr-3266	150	21	xiv	xiv	NOUN
fsr-3266	150	22	)	)	PUNCT
fsr-3266	150	23	and	and	CCONJ
fsr-3266	150	24	5.81	5.81	NUM
fsr-3266	150	25	(	(	PUNCT
fsr-3266	150	26	svxy	svxy	NOUN
fsr-3266	150	27	)	)	PUNCT
fsr-3266	150	28	,	,	PUNCT
fsr-3266	150	29	while	while	SCONJ
fsr-3266	150	30	the	the	DET
fsr-3266	150	31	vix	vix	PROPN
fsr-3266	150	32	index	index	NOUN
fsr-3266	150	33	goes	go	VERB
fsr-3266	150	34	from	from	ADP
fsr-3266	150	35	1.00	1.00	NUM
fsr-3266	150	36	to	to	ADP
fsr-3266	150	37	0.47	0.47	NUM
fsr-3266	150	38	.	.	PUNCT
fsr-3266	151	1	this	this	DET
fsr-3266	151	2	performance	performance	NOUN
fsr-3266	151	3	is	be	AUX
fsr-3266	151	4	in	in	ADP
fsr-3266	151	5	large	large	ADJ
fsr-3266	151	6	part	part	NOUN
fsr-3266	151	7	because	because	SCONJ
fsr-3266	151	8	of	of	ADP
fsr-3266	151	9	the	the	DET
fsr-3266	151	10	contango	contango	NOUN
fsr-3266	151	11	effect	effect	NOUN
fsr-3266	151	12	of	of	ADP
fsr-3266	151	13	vix	vix	PROPN
fsr-3266	151	14	futures	future	NOUN
fsr-3266	151	15	,	,	PUNCT
fsr-3266	151	16	mentioned	mention	VERB
fsr-3266	151	17	previously	previously	ADV
fsr-3266	151	18	,	,	PUNCT
fsr-3266	151	19	and	and	CCONJ
fsr-3266	151	20	the	the	DET
fsr-3266	151	21	fact	fact	NOUN
fsr-3266	151	22	that	that	SCONJ
fsr-3266	151	23	these	these	DET
fsr-3266	151	24	funds	fund	NOUN
fsr-3266	151	25	are	be	AUX
fsr-3266	151	26	inverse	inverse	ADJ
fsr-3266	151	27	,	,	PUNCT
fsr-3266	151	28	effectively	effectively	ADV
fsr-3266	151	29	shorting	short	VERB
fsr-3266	151	30	the	the	DET
fsr-3266	151	31	s&p	s&p	PROPN
fsr-3266	151	32	st	st	PROPN
fsr-3266	151	33	index	index	PROPN
fsr-3266	151	34	.	.	PUNCT
fsr-3266	152	1	fig	fig	NOUN
fsr-3266	152	2	.	.	PUNCT
fsr-3266	153	1	1	1	X
fsr-3266	153	2	.	.	PUNCT
fsr-3266	153	3	vix	vix	PROPN
fsr-3266	153	4	index	index	NOUN
fsr-3266	153	5	versus	versus	ADP
fsr-3266	153	6	short	short	ADJ
fsr-3266	153	7	-	-	PUNCT
fsr-3266	153	8	term	term	NOUN
fsr-3266	153	9	and	and	CCONJ
fsr-3266	153	10	midterm	midterm	NOUN
fsr-3266	153	11	etps	etps	NOUN
fsr-3266	153	12	from	from	ADP
fsr-3266	153	13	october	october	PROPN
fsr-3266	153	14	2011	2011	NUM
fsr-3266	153	15	through	through	ADP
fsr-3266	153	16	december	december	PROPN
fsr-3266	153	17	2014	2014	NUM
fsr-3266	153	18	.	.	PUNCT
fsr-3266	154	1	79r	79r	NOUN
fsr-3266	154	2	.	.	PUNCT
fsr-3266	155	1	parker	parker	PROPN
fsr-3266	155	2	clowers	clowers	PROPN
fsr-3266	155	3	,	,	PUNCT
fsr-3266	155	4	t.l	t.l	PROPN
fsr-3266	155	5	.	.	PROPN
fsr-3266	155	6	jones	jones	PROPN
fsr-3266	155	7	/	/	SYM
fsr-3266	155	8	financial	financial	ADJ
fsr-3266	155	9	services	service	NOUN
fsr-3266	155	10	review	review	VERB
fsr-3266	155	11	25	25	NUM
fsr-3266	155	12	(	(	PUNCT
fsr-3266	155	13	2016	2016	NUM
fsr-3266	155	14	)	)	PUNCT
fsr-3266	155	15	73–85	73–85	NUM
fsr-3266	155	16	even	even	ADV
fsr-3266	155	17	though	though	SCONJ
fsr-3266	155	18	the	the	DET
fsr-3266	155	19	returns	return	NOUN
fsr-3266	155	20	of	of	ADP
fsr-3266	155	21	these	these	DET
fsr-3266	155	22	etps	etps	NOUN
fsr-3266	155	23	were	be	AUX
fsr-3266	155	24	very	very	ADV
fsr-3266	155	25	high	high	ADJ
fsr-3266	155	26	(	(	PUNCT
fsr-3266	155	27	around	around	ADV
fsr-3266	155	28	71	71	NUM
fsr-3266	155	29	%	%	NOUN
fsr-3266	155	30	compounded	compound	VERB
fsr-3266	155	31	annual	annual	ADJ
fsr-3266	155	32	return	return	NOUN
fsr-3266	155	33	)	)	PUNCT
fsr-3266	155	34	,	,	PUNCT
fsr-3266	155	35	individual	individual	ADJ
fsr-3266	155	36	investors	investor	NOUN
fsr-3266	155	37	should	should	AUX
fsr-3266	155	38	use	use	VERB
fsr-3266	155	39	extreme	extreme	ADJ
fsr-3266	155	40	caution	caution	NOUN
fsr-3266	155	41	when	when	SCONJ
fsr-3266	155	42	looking	look	VERB
fsr-3266	155	43	to	to	PART
fsr-3266	155	44	invest	invest	VERB
fsr-3266	155	45	in	in	ADP
fsr-3266	155	46	inverse	inverse	NOUN
fsr-3266	155	47	vix	vix	PROPN
fsr-3266	155	48	etps	etps	NOUN
fsr-3266	155	49	,	,	PUNCT
fsr-3266	155	50	because	because	SCONJ
fsr-3266	155	51	of	of	ADP
fsr-3266	155	52	their	their	PRON
fsr-3266	155	53	high	high	ADJ
fsr-3266	155	54	volatility	volatility	NOUN
fsr-3266	155	55	.	.	PUNCT
fsr-3266	156	1	as	as	SCONJ
fsr-3266	156	2	shown	show	VERB
fsr-3266	156	3	in	in	ADP
fsr-3266	156	4	fig	fig	NOUN
fsr-3266	156	5	.	.	PUNCT
fsr-3266	157	1	2	2	NUM
fsr-3266	157	2	,	,	PUNCT
fsr-3266	157	3	the	the	DET
fsr-3266	157	4	vix	vix	PROPN
fsr-3266	157	5	index	index	NOUN
fsr-3266	157	6	did	do	AUX
fsr-3266	157	7	decline	decline	VERB
fsr-3266	157	8	over	over	ADP
fsr-3266	157	9	this	this	DET
fsr-3266	157	10	period	period	NOUN
fsr-3266	157	11	,	,	PUNCT
fsr-3266	157	12	contributing	contribute	VERB
fsr-3266	157	13	to	to	ADP
fsr-3266	157	14	the	the	DET
fsr-3266	157	15	increase	increase	NOUN
fsr-3266	157	16	in	in	ADP
fsr-3266	157	17	these	these	DET
fsr-3266	157	18	funds	fund	NOUN
fsr-3266	157	19	.	.	PUNCT
fsr-3266	158	1	however	however	ADV
fsr-3266	158	2	,	,	PUNCT
fsr-3266	158	3	the	the	DET
fsr-3266	158	4	vix	vix	PROPN
fsr-3266	158	5	index	index	NOUN
fsr-3266	158	6	does	do	AUX
fsr-3266	158	7	increase	increase	VERB
fsr-3266	158	8	at	at	ADP
fsr-3266	158	9	times	time	NOUN
fsr-3266	158	10	,	,	PUNCT
fsr-3266	158	11	which	which	PRON
fsr-3266	158	12	causes	cause	VERB
fsr-3266	158	13	these	these	DET
fsr-3266	158	14	inverse	inverse	ADJ
fsr-3266	158	15	funds	fund	NOUN
fsr-3266	158	16	to	to	PART
fsr-3266	158	17	decline	decline	VERB
fsr-3266	158	18	significantly	significantly	ADV
fsr-3266	158	19	.	.	PUNCT
fsr-3266	159	1	thus	thus	ADV
fsr-3266	159	2	,	,	PUNCT
fsr-3266	159	3	a	a	DET
fsr-3266	159	4	buyand	buyand	NOUN
fsr-3266	159	5	-	-	PUNCT
fsr-3266	159	6	hold	hold	NOUN
fsr-3266	159	7	strategy	strategy	NOUN
fsr-3266	159	8	,	,	PUNCT
fsr-3266	159	9	would	would	AUX
fsr-3266	159	10	have	have	AUX
fsr-3266	159	11	proved	prove	VERB
fsr-3266	159	12	very	very	ADV
fsr-3266	159	13	profitable	profitable	ADJ
fsr-3266	159	14	for	for	ADP
fsr-3266	159	15	an	an	DET
fsr-3266	159	16	investor	investor	NOUN
fsr-3266	159	17	,	,	PUNCT
fsr-3266	159	18	over	over	ADP
fsr-3266	159	19	the	the	DET
fsr-3266	159	20	period	period	NOUN
fsr-3266	159	21	examined	examine	VERB
fsr-3266	159	22	.	.	PUNCT
fsr-3266	160	1	however	however	ADV
fsr-3266	160	2	,	,	PUNCT
fsr-3266	160	3	there	there	PRON
fsr-3266	160	4	were	be	VERB
fsr-3266	160	5	periods	period	NOUN
fsr-3266	160	6	where	where	SCONJ
fsr-3266	160	7	buying	buy	VERB
fsr-3266	160	8	these	these	DET
fsr-3266	160	9	etps	etps	NOUN
fsr-3266	160	10	would	would	AUX
fsr-3266	160	11	not	not	PART
fsr-3266	160	12	have	have	AUX
fsr-3266	160	13	worked	work	VERB
fsr-3266	160	14	in	in	ADP
fsr-3266	160	15	an	an	DET
fsr-3266	160	16	investor	investor	NOUN
fsr-3266	160	17	’s	’s	PART
fsr-3266	160	18	favor	favor	NOUN
fsr-3266	160	19	.	.	PUNCT
fsr-3266	161	1	for	for	ADP
fsr-3266	161	2	example	example	NOUN
fsr-3266	161	3	,	,	PUNCT
fsr-3266	161	4	if	if	SCONJ
fsr-3266	161	5	an	an	DET
fsr-3266	161	6	investor	investor	NOUN
fsr-3266	161	7	purchased	purchase	VERB
fsr-3266	161	8	either	either	PRON
fsr-3266	161	9	of	of	ADP
fsr-3266	161	10	these	these	DET
fsr-3266	161	11	inverse	inverse	ADJ
fsr-3266	161	12	funds	fund	NOUN
fsr-3266	161	13	in	in	ADP
fsr-3266	161	14	april	april	PROPN
fsr-3266	161	15	2014	2014	NUM
fsr-3266	161	16	,	,	PUNCT
fsr-3266	161	17	they	they	PRON
fsr-3266	161	18	would	would	AUX
fsr-3266	161	19	still	still	ADV
fsr-3266	161	20	have	have	VERB
fsr-3266	161	21	a	a	DET
fsr-3266	161	22	loss	loss	NOUN
fsr-3266	161	23	as	as	ADP
fsr-3266	161	24	of	of	ADP
fsr-3266	161	25	december	december	PROPN
fsr-3266	161	26	2014	2014	NUM
fsr-3266	161	27	and	and	CCONJ
fsr-3266	161	28	would	would	AUX
fsr-3266	161	29	have	have	AUX
fsr-3266	161	30	experienced	experience	VERB
fsr-3266	161	31	tremendous	tremendous	ADJ
fsr-3266	161	32	volatility	volatility	NOUN
fsr-3266	161	33	in	in	ADP
fsr-3266	161	34	between	between	ADP
fsr-3266	161	35	.	.	PUNCT
fsr-3266	162	1	thus	thus	ADV
fsr-3266	162	2	,	,	PUNCT
fsr-3266	162	3	individual	individual	ADJ
fsr-3266	162	4	investors	investor	NOUN
fsr-3266	162	5	should	should	AUX
fsr-3266	162	6	know	know	VERB
fsr-3266	162	7	this	this	PRON
fsr-3266	162	8	before	before	ADP
fsr-3266	162	9	investing	invest	VERB
fsr-3266	162	10	in	in	ADP
fsr-3266	162	11	these	these	DET
fsr-3266	162	12	products	product	NOUN
fsr-3266	162	13	.	.	PUNCT
fsr-3266	163	1	fig	fig	NOUN
fsr-3266	163	2	.	.	PUNCT
fsr-3266	164	1	3	3	NUM
fsr-3266	164	2	presents	present	VERB
fsr-3266	164	3	the	the	DET
fsr-3266	164	4	two	two	NUM
fsr-3266	164	5	twice	twice	ADV
fsr-3266	164	6	-	-	PUNCT
fsr-3266	164	7	levered	lever	VERB
fsr-3266	164	8	(	(	PUNCT
fsr-3266	164	9	2	2	NUM
fsr-3266	164	10	�	�	NOUN
fsr-3266	164	11	)	)	PUNCT
fsr-3266	164	12	etps	etps	NOUN
fsr-3266	164	13	(	(	PUNCT
fsr-3266	164	14	tvix	tvix	NOUN
fsr-3266	164	15	and	and	CCONJ
fsr-3266	164	16	uvxy	uvxy	NOUN
fsr-3266	164	17	)	)	PUNCT
fsr-3266	164	18	against	against	ADP
fsr-3266	164	19	the	the	DET
fsr-3266	164	20	vix	vix	PROPN
fsr-3266	164	21	index	index	NOUN
fsr-3266	164	22	.	.	PUNCT
fsr-3266	165	1	as	as	SCONJ
fsr-3266	165	2	one	one	PRON
fsr-3266	165	3	would	would	AUX
fsr-3266	165	4	expect	expect	VERB
fsr-3266	165	5	,	,	PUNCT
fsr-3266	165	6	given	give	VERB
fsr-3266	165	7	the	the	DET
fsr-3266	165	8	performance	performance	NOUN
fsr-3266	165	9	of	of	ADP
fsr-3266	165	10	the	the	DET
fsr-3266	165	11	1	1	NUM
fsr-3266	165	12	�	�	PROPN
fsr-3266	165	13	funds	fund	NOUN
fsr-3266	165	14	,	,	PUNCT
fsr-3266	165	15	these	these	DET
fsr-3266	165	16	levered	lever	VERB
fsr-3266	165	17	etps	etps	NOUN
fsr-3266	165	18	performed	perform	VERB
fsr-3266	165	19	even	even	ADV
fsr-3266	165	20	worse	bad	ADJ
fsr-3266	165	21	,	,	PUNCT
fsr-3266	165	22	going	go	VERB
fsr-3266	165	23	from	from	ADP
fsr-3266	165	24	a	a	DET
fsr-3266	165	25	base	base	NOUN
fsr-3266	165	26	of	of	ADP
fsr-3266	165	27	1.00	1.00	NUM
fsr-3266	165	28	to	to	ADP
fsr-3266	165	29	0.0003	0.0003	NUM
fsr-3266	165	30	over	over	ADP
fsr-3266	165	31	the	the	DET
fsr-3266	165	32	period	period	NOUN
fsr-3266	165	33	.	.	PUNCT
fsr-3266	166	1	as	as	SCONJ
fsr-3266	166	2	is	be	AUX
fsr-3266	166	3	also	also	ADV
fsr-3266	166	4	evident	evident	ADJ
fsr-3266	166	5	from	from	ADP
fsr-3266	166	6	fig	fig	NOUN
fsr-3266	166	7	.	.	PUNCT
fsr-3266	167	1	3	3	NUM
fsr-3266	167	2	,	,	PUNCT
fsr-3266	167	3	these	these	DET
fsr-3266	167	4	funds	fund	NOUN
fsr-3266	167	5	do	do	AUX
fsr-3266	167	6	not	not	PART
fsr-3266	167	7	follow	follow	VERB
fsr-3266	167	8	the	the	DET
fsr-3266	167	9	vix	vix	PROPN
fsr-3266	167	10	index	index	NOUN
fsr-3266	167	11	either	either	ADV
fsr-3266	167	12	.	.	PUNCT
fsr-3266	168	1	thus	thus	ADV
fsr-3266	168	2	,	,	PUNCT
fsr-3266	168	3	an	an	DET
fsr-3266	168	4	individual	individual	ADJ
fsr-3266	168	5	investor	investor	NOUN
fsr-3266	168	6	may	may	AUX
fsr-3266	168	7	choose	choose	VERB
fsr-3266	168	8	to	to	PART
fsr-3266	168	9	invest	invest	VERB
fsr-3266	168	10	in	in	ADP
fsr-3266	168	11	one	one	NUM
fsr-3266	168	12	of	of	ADP
fsr-3266	168	13	these	these	DET
fsr-3266	168	14	twice	twice	ADV
fsr-3266	168	15	-	-	PUNCT
fsr-3266	168	16	levered	lever	VERB
fsr-3266	168	17	funds	fund	NOUN
fsr-3266	168	18	but	but	CCONJ
fsr-3266	168	19	should	should	AUX
fsr-3266	168	20	definitely	definitely	ADV
fsr-3266	168	21	not	not	PART
fsr-3266	168	22	do	do	VERB
fsr-3266	168	23	so	so	ADV
fsr-3266	168	24	with	with	ADP
fsr-3266	168	25	the	the	DET
fsr-3266	168	26	intention	intention	NOUN
fsr-3266	168	27	of	of	ADP
fsr-3266	168	28	holding	hold	VERB
fsr-3266	168	29	the	the	DET
fsr-3266	168	30	fund	fund	NOUN
fsr-3266	168	31	over	over	ADP
fsr-3266	168	32	a	a	DET
fsr-3266	168	33	long	long	ADJ
fsr-3266	168	34	period	period	NOUN
fsr-3266	168	35	of	of	ADP
fsr-3266	168	36	time	time	NOUN
fsr-3266	168	37	.	.	PUNCT
fsr-3266	169	1	these	these	DET
fsr-3266	169	2	funds	fund	NOUN
fsr-3266	169	3	can	can	AUX
fsr-3266	169	4	be	be	AUX
fsr-3266	169	5	fig	fig	NOUN
fsr-3266	169	6	.	.	PUNCT
fsr-3266	170	1	2	2	X
fsr-3266	170	2	.	.	X
fsr-3266	170	3	vix	vix	NOUN
fsr-3266	170	4	index	index	NOUN
fsr-3266	170	5	versus	versus	ADP
fsr-3266	170	6	inverse	inverse	NOUN
fsr-3266	170	7	etps	etps	NOUN
fsr-3266	170	8	from	from	ADP
fsr-3266	170	9	october	october	PROPN
fsr-3266	170	10	2011	2011	NUM
fsr-3266	170	11	through	through	ADP
fsr-3266	170	12	december	december	PROPN
fsr-3266	170	13	2014	2014	NUM
fsr-3266	170	14	.	.	PUNCT
fsr-3266	171	1	fig	fig	NOUN
fsr-3266	171	2	.	.	PUNCT
fsr-3266	172	1	3	3	X
fsr-3266	172	2	.	.	X
fsr-3266	172	3	vix	vix	PROPN
fsr-3266	172	4	index	index	NOUN
fsr-3266	172	5	versus	versus	ADP
fsr-3266	172	6	twice	twice	ADV
fsr-3266	172	7	-	-	PUNCT
fsr-3266	172	8	levered	lever	VERB
fsr-3266	172	9	etps	etps	NOUN
fsr-3266	172	10	from	from	ADP
fsr-3266	172	11	october	october	PROPN
fsr-3266	172	12	2011	2011	NUM
fsr-3266	172	13	through	through	ADP
fsr-3266	172	14	december	december	PROPN
fsr-3266	172	15	2014	2014	NUM
fsr-3266	172	16	.	.	PUNCT
fsr-3266	173	1	80	80	NUM
fsr-3266	173	2	r.	r.	PROPN
fsr-3266	173	3	parker	parker	PROPN
fsr-3266	173	4	clowers	clowers	PROPN
fsr-3266	173	5	,	,	PUNCT
fsr-3266	173	6	t.l	t.l	PROPN
fsr-3266	173	7	.	.	PROPN
fsr-3266	173	8	jones	jones	PROPN
fsr-3266	173	9	/	/	SYM
fsr-3266	173	10	financial	financial	ADJ
fsr-3266	173	11	services	service	NOUN
fsr-3266	173	12	review	review	VERB
fsr-3266	173	13	25	25	NUM
fsr-3266	173	14	(	(	PUNCT
fsr-3266	173	15	2016	2016	NUM
fsr-3266	173	16	)	)	PUNCT
fsr-3266	173	17	73–85	73–85	NOUN
fsr-3266	173	18	bought	buy	VERB
fsr-3266	173	19	and	and	CCONJ
fsr-3266	173	20	sold	sell	VERB
fsr-3266	173	21	over	over	ADP
fsr-3266	173	22	a	a	DET
fsr-3266	173	23	short	short	ADJ
fsr-3266	173	24	period	period	NOUN
fsr-3266	173	25	to	to	PART
fsr-3266	173	26	take	take	VERB
fsr-3266	173	27	advantage	advantage	NOUN
fsr-3266	173	28	of	of	ADP
fsr-3266	173	29	an	an	DET
fsr-3266	173	30	increase	increase	NOUN
fsr-3266	173	31	in	in	ADP
fsr-3266	173	32	volatility	volatility	NOUN
fsr-3266	173	33	,	,	PUNCT
fsr-3266	173	34	but	but	CCONJ
fsr-3266	173	35	investors	investor	NOUN
fsr-3266	173	36	should	should	AUX
fsr-3266	173	37	know	know	VERB
fsr-3266	173	38	the	the	DET
fsr-3266	173	39	risk	risk	NOUN
fsr-3266	173	40	—	—	PUNCT
fsr-3266	173	41	that	that	SCONJ
fsr-3266	173	42	these	these	DET
fsr-3266	173	43	funds	fund	NOUN
fsr-3266	173	44	do	do	AUX
fsr-3266	173	45	not	not	PART
fsr-3266	173	46	track	track	VERB
fsr-3266	173	47	the	the	DET
fsr-3266	173	48	vix	vix	PROPN
fsr-3266	173	49	index	index	NOUN
fsr-3266	173	50	and	and	CCONJ
fsr-3266	173	51	have	have	VERB
fsr-3266	173	52	a	a	DET
fsr-3266	173	53	strong	strong	ADJ
fsr-3266	173	54	downward	downward	ADJ
fsr-3266	173	55	tendency	tendency	NOUN
fsr-3266	173	56	,	,	PUNCT
fsr-3266	173	57	because	because	SCONJ
fsr-3266	173	58	of	of	ADP
fsr-3266	173	59	the	the	DET
fsr-3266	173	60	contango	contango	NOUN
fsr-3266	173	61	effect	effect	NOUN
fsr-3266	173	62	of	of	ADP
fsr-3266	173	63	vix	vix	NOUN
fsr-3266	173	64	futures	future	NOUN
fsr-3266	173	65	that	that	PRON
fsr-3266	173	66	is	be	AUX
fsr-3266	173	67	magnified	magnify	VERB
fsr-3266	173	68	with	with	ADP
fsr-3266	173	69	their	their	PRON
fsr-3266	173	70	leverage	leverage	NOUN
fsr-3266	173	71	.	.	PUNCT
fsr-3266	174	1	table	table	NOUN
fsr-3266	174	2	1	1	NUM
fsr-3266	174	3	provides	provide	VERB
fsr-3266	174	4	statistics	statistic	NOUN
fsr-3266	174	5	of	of	ADP
fsr-3266	174	6	the	the	DET
fsr-3266	174	7	vix	vix	PROPN
fsr-3266	174	8	index	index	NOUN
fsr-3266	174	9	versus	versus	ADP
fsr-3266	174	10	the	the	DET
fsr-3266	174	11	eight	eight	NUM
fsr-3266	174	12	etps	etps	NOUN
fsr-3266	174	13	over	over	ADP
fsr-3266	174	14	the	the	DET
fsr-3266	174	15	examination	examination	NOUN
fsr-3266	174	16	period	period	NOUN
fsr-3266	174	17	.	.	PUNCT
fsr-3266	175	1	panel	panel	NOUN
fsr-3266	175	2	a	a	DET
fsr-3266	175	3	considers	consider	VERB
fsr-3266	175	4	all	all	DET
fsr-3266	175	5	daily	daily	ADJ
fsr-3266	175	6	data	datum	NOUN
fsr-3266	175	7	;	;	PUNCT
fsr-3266	175	8	panel	panel	NOUN
fsr-3266	175	9	b	b	PROPN
fsr-3266	175	10	looks	look	VERB
fsr-3266	175	11	at	at	ADP
fsr-3266	175	12	only	only	ADV
fsr-3266	175	13	the	the	DET
fsr-3266	175	14	days	day	NOUN
fsr-3266	175	15	the	the	DET
fsr-3266	175	16	vix	vix	PROPN
fsr-3266	175	17	index	index	NOUN
fsr-3266	175	18	goes	go	VERB
fsr-3266	175	19	up	up	ADP
fsr-3266	175	20	,	,	PUNCT
fsr-3266	175	21	and	and	CCONJ
fsr-3266	175	22	panel	panel	NOUN
fsr-3266	175	23	c	c	AUX
fsr-3266	175	24	only	only	ADV
fsr-3266	175	25	the	the	DET
fsr-3266	175	26	days	day	NOUN
fsr-3266	175	27	when	when	SCONJ
fsr-3266	175	28	the	the	DET
fsr-3266	175	29	index	index	NOUN
fsr-3266	175	30	goes	go	VERB
fsr-3266	175	31	down	down	ADV
fsr-3266	175	32	.	.	PUNCT
fsr-3266	176	1	table	table	NOUN
fsr-3266	176	2	1	1	NUM
fsr-3266	176	3	,	,	PUNCT
fsr-3266	176	4	panel	panel	NOUN
fsr-3266	176	5	a	a	NOUN
fsr-3266	176	6	,	,	PUNCT
fsr-3266	176	7	shows	show	VERB
fsr-3266	176	8	that	that	SCONJ
fsr-3266	176	9	the	the	DET
fsr-3266	176	10	vix	vix	PROPN
fsr-3266	176	11	index	index	NOUN
fsr-3266	176	12	had	have	VERB
fsr-3266	176	13	a	a	DET
fsr-3266	176	14	mean	mean	ADJ
fsr-3266	176	15	daily	daily	ADJ
fsr-3266	176	16	return	return	NOUN
fsr-3266	176	17	of	of	ADP
fsr-3266	176	18	0.15	0.15	NUM
fsr-3266	176	19	%	%	NOUN
fsr-3266	176	20	.	.	PUNCT
fsr-3266	177	1	even	even	ADV
fsr-3266	177	2	though	though	SCONJ
fsr-3266	177	3	the	the	DET
fsr-3266	177	4	vix	vix	PROPN
fsr-3266	177	5	index	index	NOUN
fsr-3266	177	6	had	have	VERB
fsr-3266	177	7	a	a	DET
fsr-3266	177	8	positive	positive	ADJ
fsr-3266	177	9	mean	mean	NOUN
fsr-3266	177	10	return	return	NOUN
fsr-3266	177	11	,	,	PUNCT
fsr-3266	177	12	all	all	PRON
fsr-3266	177	13	of	of	ADP
fsr-3266	177	14	the	the	DET
fsr-3266	177	15	vix	vix	PROPN
fsr-3266	177	16	etps	etps	NOUN
fsr-3266	177	17	,	,	PUNCT
fsr-3266	177	18	except	except	SCONJ
fsr-3266	177	19	the	the	DET
fsr-3266	177	20	inverse	inverse	NOUN
fsr-3266	177	21	funds	fund	NOUN
fsr-3266	177	22	,	,	PUNCT
fsr-3266	177	23	experienced	experience	VERB
fsr-3266	177	24	negative	negative	ADJ
fsr-3266	177	25	daily	daily	ADJ
fsr-3266	177	26	mean	mean	ADJ
fsr-3266	177	27	returns	return	NOUN
fsr-3266	177	28	.	.	PUNCT
fsr-3266	178	1	the	the	DET
fsr-3266	178	2	mean	mean	ADJ
fsr-3266	178	3	daily	daily	ADJ
fsr-3266	178	4	returns	return	NOUN
fsr-3266	178	5	of	of	ADP
fsr-3266	178	6	vxx	vxx	PROPN
fsr-3266	178	7	,	,	PUNCT
fsr-3266	178	8	vxz	vxz	PROPN
fsr-3266	178	9	,	,	PUNCT
fsr-3266	178	10	viix	viix	NOUN
fsr-3266	178	11	,	,	PUNCT
fsr-3266	178	12	and	and	CCONJ
fsr-3266	178	13	vixy	vixy	NOUN
fsr-3266	178	14	are	be	AUX
fsr-3266	178	15	not	not	PART
fsr-3266	178	16	statistically	statistically	ADV
fsr-3266	178	17	significantly	significantly	ADV
fsr-3266	178	18	different	different	ADJ
fsr-3266	178	19	from	from	ADP
fsr-3266	178	20	that	that	PRON
fsr-3266	178	21	of	of	ADP
fsr-3266	178	22	the	the	DET
fsr-3266	178	23	vix	vix	PROPN
fsr-3266	178	24	index	index	NOUN
fsr-3266	178	25	,	,	PUNCT
fsr-3266	178	26	while	while	SCONJ
fsr-3266	178	27	the	the	DET
fsr-3266	178	28	mean	mean	ADJ
fsr-3266	178	29	daily	daily	ADJ
fsr-3266	178	30	returns	return	NOUN
fsr-3266	178	31	of	of	ADP
fsr-3266	178	32	the	the	DET
fsr-3266	178	33	twice	twice	ADV
fsr-3266	178	34	-	-	PUNCT
fsr-3266	178	35	leveraged	leverage	VERB
fsr-3266	178	36	etps	etps	NOUN
fsr-3266	178	37	(	(	PUNCT
fsr-3266	178	38	tvix	tvix	NOUN
fsr-3266	178	39	and	and	CCONJ
fsr-3266	178	40	uvxy	uvxy	NOUN
fsr-3266	178	41	)	)	PUNCT
fsr-3266	178	42	are	be	AUX
fsr-3266	178	43	significantly	significantly	ADV
fsr-3266	178	44	different	different	ADJ
fsr-3266	178	45	at	at	ADP
fsr-3266	178	46	the	the	DET
fsr-3266	178	47	1	1	NUM
fsr-3266	178	48	%	%	NOUN
fsr-3266	178	49	level	level	NOUN
fsr-3266	178	50	.	.	PUNCT
fsr-3266	179	1	most	most	ADV
fsr-3266	179	2	interestingly	interestingly	ADV
fsr-3266	179	3	is	be	AUX
fsr-3266	179	4	that	that	SCONJ
fsr-3266	179	5	the	the	DET
fsr-3266	179	6	mean	mean	ADJ
fsr-3266	179	7	daily	daily	ADJ
fsr-3266	179	8	returns	return	NOUN
fsr-3266	179	9	of	of	ADP
fsr-3266	179	10	the	the	DET
fsr-3266	179	11	inverse	inverse	NOUN
fsr-3266	179	12	etps	etps	NOUN
fsr-3266	179	13	(	(	PUNCT
fsr-3266	179	14	xiv	xiv	NOUN
fsr-3266	179	15	and	and	CCONJ
fsr-3266	179	16	svxy	svxy	NOUN
fsr-3266	179	17	)	)	PUNCT
fsr-3266	179	18	are	be	AUX
fsr-3266	179	19	not	not	PART
fsr-3266	179	20	statistically	statistically	ADV
fsr-3266	179	21	different	different	ADJ
fsr-3266	179	22	from	from	ADP
fsr-3266	179	23	that	that	PRON
fsr-3266	179	24	of	of	ADP
fsr-3266	179	25	the	the	DET
fsr-3266	179	26	vix	vix	PROPN
fsr-3266	179	27	index	index	NOUN
fsr-3266	179	28	.	.	PUNCT
fsr-3266	180	1	these	these	DET
fsr-3266	180	2	two	two	NUM
fsr-3266	180	3	etps	etps	NOUN
fsr-3266	180	4	are	be	AUX
fsr-3266	180	5	the	the	DET
fsr-3266	180	6	only	only	ADJ
fsr-3266	180	7	ones	one	NOUN
fsr-3266	180	8	with	with	ADP
fsr-3266	180	9	positive	positive	ADJ
fsr-3266	180	10	mean	mean	ADJ
fsr-3266	180	11	daily	daily	ADJ
fsr-3266	180	12	returns	return	NOUN
fsr-3266	180	13	,	,	PUNCT
fsr-3266	180	14	like	like	ADP
fsr-3266	180	15	that	that	PRON
fsr-3266	180	16	of	of	ADP
fsr-3266	180	17	the	the	DET
fsr-3266	180	18	vix	vix	PROPN
fsr-3266	180	19	index	index	NOUN
fsr-3266	180	20	.	.	PUNCT
fsr-3266	181	1	the	the	DET
fsr-3266	181	2	differences	difference	NOUN
fsr-3266	181	3	in	in	ADP
fsr-3266	181	4	the	the	DET
fsr-3266	181	5	index	index	NOUN
fsr-3266	181	6	returns	return	NOUN
fsr-3266	181	7	and	and	CCONJ
fsr-3266	181	8	the	the	DET
fsr-3266	181	9	returns	return	NOUN
fsr-3266	181	10	of	of	ADP
fsr-3266	181	11	the	the	DET
fsr-3266	181	12	etps	etps	NOUN
fsr-3266	181	13	demonstrate	demonstrate	VERB
fsr-3266	181	14	the	the	DET
fsr-3266	181	15	effect	effect	NOUN
fsr-3266	181	16	of	of	ADP
fsr-3266	181	17	contango	contango	NOUN
fsr-3266	181	18	that	that	PRON
fsr-3266	181	19	that	that	SCONJ
fsr-3266	181	20	these	these	DET
fsr-3266	181	21	etps	etps	VERB
fsr-3266	181	22	experience	experience	NOUN
fsr-3266	181	23	and	and	CCONJ
fsr-3266	181	24	further	far	ADV
fsr-3266	181	25	illustrate	illustrate	VERB
fsr-3266	181	26	why	why	SCONJ
fsr-3266	181	27	these	these	DET
fsr-3266	181	28	etps	etps	NOUN
fsr-3266	181	29	are	be	AUX
fsr-3266	181	30	not	not	PART
fsr-3266	181	31	suitable	suitable	ADJ
fsr-3266	181	32	for	for	ADP
fsr-3266	181	33	a	a	DET
fsr-3266	181	34	buy	buy	VERB
fsr-3266	181	35	-	-	PUNCT
fsr-3266	181	36	and	and	CCONJ
fsr-3266	181	37	-	-	PUNCT
fsr-3266	181	38	hold	hold	VERB
fsr-3266	181	39	strategy	strategy	NOUN
fsr-3266	181	40	.	.	PUNCT
fsr-3266	182	1	in	in	ADP
fsr-3266	182	2	addition	addition	NOUN
fsr-3266	182	3	to	to	ADP
fsr-3266	182	4	the	the	DET
fsr-3266	182	5	differences	difference	NOUN
fsr-3266	182	6	in	in	ADP
fsr-3266	182	7	mean	mean	ADJ
fsr-3266	182	8	daily	daily	ADJ
fsr-3266	182	9	returns	return	NOUN
fsr-3266	182	10	,	,	PUNCT
fsr-3266	182	11	panel	panel	NOUN
fsr-3266	182	12	a	a	PRON
fsr-3266	182	13	also	also	ADV
fsr-3266	182	14	shows	show	VERB
fsr-3266	182	15	the	the	DET
fsr-3266	182	16	median	median	ADJ
fsr-3266	182	17	returns	return	NOUN
fsr-3266	182	18	of	of	ADP
fsr-3266	182	19	the	the	DET
fsr-3266	182	20	index	index	NOUN
fsr-3266	182	21	and	and	CCONJ
fsr-3266	182	22	etps	etps	NOUN
fsr-3266	182	23	.	.	PUNCT
fsr-3266	183	1	the	the	DET
fsr-3266	183	2	vix	vix	PROPN
fsr-3266	183	3	index	index	NOUN
fsr-3266	183	4	had	have	VERB
fsr-3266	183	5	a	a	DET
fsr-3266	183	6	-0.35	-0.35	ADJ
fsr-3266	183	7	%	%	NOUN
fsr-3266	183	8	median	median	ADJ
fsr-3266	183	9	daily	daily	ADJ
fsr-3266	183	10	return	return	NOUN
fsr-3266	183	11	over	over	ADP
fsr-3266	183	12	the	the	DET
fsr-3266	183	13	period	period	NOUN
fsr-3266	183	14	,	,	PUNCT
fsr-3266	183	15	while	while	SCONJ
fsr-3266	183	16	the	the	DET
fsr-3266	183	17	three	three	NUM
fsr-3266	183	18	short	short	ADJ
fsr-3266	183	19	-	-	PUNCT
fsr-3266	183	20	term	term	NOUN
fsr-3266	183	21	etps	etps	NOUN
fsr-3266	183	22	(	(	PUNCT
fsr-3266	183	23	vxx	vxx	PROPN
fsr-3266	183	24	,	,	PUNCT
fsr-3266	183	25	viix	viix	NOUN
fsr-3266	183	26	,	,	PUNCT
fsr-3266	183	27	and	and	CCONJ
fsr-3266	183	28	vixy	vixy	ADV
fsr-3266	183	29	)	)	PUNCT
fsr-3266	183	30	had	have	VERB
fsr-3266	183	31	median	median	ADJ
fsr-3266	183	32	returns	return	NOUN
fsr-3266	183	33	of	of	ADP
fsr-3266	183	34	�	�	NOUN
fsr-3266	183	35	0.52	0.52	NUM
fsr-3266	183	36	%	%	NOUN
fsr-3266	183	37	,	,	PUNCT
fsr-3266	183	38	�	�	PROPN
fsr-3266	183	39	0.54	0.54	NUM
fsr-3266	183	40	%	%	NOUN
fsr-3266	183	41	,	,	PUNCT
fsr-3266	183	42	and	and	CCONJ
fsr-3266	183	43	�	�	PROPN
fsr-3266	183	44	0.52	0.52	NUM
fsr-3266	183	45	%	%	NOUN
fsr-3266	183	46	,	,	PUNCT
fsr-3266	183	47	respectively	respectively	ADV
fsr-3266	183	48	.	.	PUNCT
fsr-3266	184	1	the	the	DET
fsr-3266	184	2	returns	return	NOUN
fsr-3266	184	3	of	of	ADP
fsr-3266	184	4	these	these	DET
fsr-3266	184	5	etps	etps	NOUN
fsr-3266	184	6	are	be	AUX
fsr-3266	184	7	correlated	correlate	VERB
fsr-3266	184	8	,	,	PUNCT
fsr-3266	184	9	but	but	CCONJ
fsr-3266	184	10	only	only	ADV
fsr-3266	184	11	about	about	ADV
fsr-3266	184	12	88	88	NUM
fsr-3266	184	13	%	%	NOUN
fsr-3266	184	14	correlated	correlate	VERB
fsr-3266	184	15	to	to	ADP
fsr-3266	184	16	the	the	DET
fsr-3266	184	17	vix	vix	PROPN
fsr-3266	184	18	index	index	NOUN
fsr-3266	184	19	.	.	PUNCT
fsr-3266	185	1	the	the	DET
fsr-3266	185	2	two	two	NUM
fsr-3266	185	3	inverse	inverse	NOUN
fsr-3266	185	4	etps	etps	NOUN
fsr-3266	185	5	(	(	PUNCT
fsr-3266	185	6	xiv	xiv	NOUN
fsr-3266	185	7	and	and	CCONJ
fsr-3266	185	8	svxy	svxy	NOUN
fsr-3266	185	9	)	)	PUNCT
fsr-3266	185	10	,	,	PUNCT
fsr-3266	185	11	while	while	SCONJ
fsr-3266	185	12	replicating	replicate	VERB
fsr-3266	185	13	the	the	DET
fsr-3266	185	14	inverse	inverse	ADJ
fsr-3266	185	15	returns	return	NOUN
fsr-3266	185	16	of	of	ADP
fsr-3266	185	17	the	the	DET
fsr-3266	185	18	vix	vix	PROPN
fsr-3266	185	19	short	short	ADJ
fsr-3266	185	20	-	-	PUNCT
fsr-3266	185	21	term	term	NOUN
fsr-3266	185	22	index	index	NOUN
fsr-3266	185	23	had	have	VERB
fsr-3266	185	24	median	median	ADJ
fsr-3266	185	25	returns	return	NOUN
fsr-3266	185	26	of	of	ADP
fsr-3266	185	27	0.51	0.51	NUM
fsr-3266	185	28	%	%	NOUN
fsr-3266	185	29	and	and	CCONJ
fsr-3266	185	30	0.54	0.54	NUM
fsr-3266	185	31	%	%	NOUN
fsr-3266	185	32	,	,	PUNCT
fsr-3266	185	33	table	table	NOUN
fsr-3266	185	34	1	1	NUM
fsr-3266	185	35	daily	daily	ADJ
fsr-3266	185	36	return	return	NOUN
fsr-3266	185	37	statistics	statistic	NOUN
fsr-3266	185	38	of	of	ADP
fsr-3266	185	39	vix	vix	PROPN
fsr-3266	185	40	index	index	NOUN
fsr-3266	185	41	vs.	vs.	ADP
fsr-3266	185	42	etps	etps	NOUN
fsr-3266	185	43	vix	vix	PROPN
fsr-3266	185	44	index	index	NOUN
fsr-3266	185	45	vxx	vxx	PROPN
fsr-3266	185	46	vxz	vxz	VERB
fsr-3266	185	47	viix	viix	PROPN
fsr-3266	185	48	xiv	xiv	PROPN
fsr-3266	185	49	tvix	tvix	NOUN
fsr-3266	185	50	vixy	vixy	NOUN
fsr-3266	185	51	uvxy	uvxy	VERB
fsr-3266	185	52	svxy	svxy	NOUN
fsr-3266	185	53	panel	panel	NOUN
fsr-3266	185	54	a	a	PRON
fsr-3266	185	55	:	:	PUNCT
fsr-3266	185	56	all	all	DET
fsr-3266	185	57	data	datum	NOUN
fsr-3266	185	58	mean	mean	VERB
fsr-3266	185	59	0.15	0.15	NUM
fsr-3266	185	60	%	%	NOUN
fsr-3266	185	61	�	�	NOUN
fsr-3266	185	62	0.33	0.33	NUM
fsr-3266	185	63	%	%	NOUN
fsr-3266	185	64	�	�	NOUN
fsr-3266	185	65	0.19	0.19	NUM
fsr-3266	185	66	%	%	NOUN
fsr-3266	185	67	�	�	NOUN
fsr-3266	185	68	0.33	0.33	NUM
fsr-3266	185	69	%	%	NOUN
fsr-3266	185	70	0.29	0.29	NUM
fsr-3266	185	71	%	%	NOUN
fsr-3266	185	72	�	�	NOUN
fsr-3266	185	73	0.74	0.74	NUM
fsr-3266	185	74	%	%	NOUN
fsr-3266	185	75	*	*	PUNCT
fsr-3266	185	76	*	*	NOUN
fsr-3266	185	77	�	�	NOUN
fsr-3266	185	78	0.33	0.33	NUM
fsr-3266	185	79	%	%	NOUN
fsr-3266	185	80	�	�	NOUN
fsr-3266	185	81	0.70	0.70	NUM
fsr-3266	185	82	%	%	NOUN
fsr-3266	185	83	*	*	PUNCT
fsr-3266	185	84	*	*	NOUN
fsr-3266	185	85	0.29	0.29	NUM
fsr-3266	185	86	%	%	NOUN
fsr-3266	185	87	median	median	PROPN
fsr-3266	185	88	�	�	PROPN
fsr-3266	185	89	0.35	0.35	NUM
fsr-3266	185	90	%	%	NOUN
fsr-3266	185	91	�	�	PROPN
fsr-3266	185	92	0.52	0.52	NUM
fsr-3266	185	93	%	%	NOUN
fsr-3266	185	94	�	�	NOUN
fsr-3266	185	95	0.23	0.23	NUM
fsr-3266	185	96	%	%	NOUN
fsr-3266	185	97	�	�	NOUN
fsr-3266	185	98	0.54	0.54	NUM
fsr-3266	185	99	%	%	NOUN
fsr-3266	185	100	0.51	0.51	NUM
fsr-3266	185	101	%	%	NOUN
fsr-3266	185	102	�	�	NOUN
fsr-3266	185	103	1.08	1.08	NUM
fsr-3266	185	104	%	%	NOUN
fsr-3266	185	105	�	�	NOUN
fsr-3266	185	106	0.52	0.52	NUM
fsr-3266	185	107	%	%	NOUN
fsr-3266	185	108	�	�	NOUN
fsr-3266	185	109	1.08	1.08	NUM
fsr-3266	185	110	%	%	NOUN
fsr-3266	185	111	0.54	0.54	NUM
fsr-3266	185	112	%	%	NOUN
fsr-3266	185	113	sd	sd	ADP
fsr-3266	185	114	7.04	7.04	NUM
fsr-3266	185	115	%	%	NOUN
fsr-3266	185	116	3.81	3.81	NUM
fsr-3266	185	117	%	%	NOUN
fsr-3266	185	118	1.85	1.85	NUM
fsr-3266	185	119	%	%	NOUN
fsr-3266	185	120	3.83	3.83	NUM
fsr-3266	185	121	%	%	NOUN
fsr-3266	185	122	3.80	3.80	NUM
fsr-3266	185	123	%	%	NOUN
fsr-3266	185	124	7.00	7.00	NUM
fsr-3266	185	125	%	%	NOUN
fsr-3266	185	126	3.82	3.82	NUM
fsr-3266	185	127	%	%	NOUN
fsr-3266	185	128	7.60	7.60	NUM
fsr-3266	185	129	%	%	NOUN
fsr-3266	185	130	3.82	3.82	NUM
fsr-3266	185	131	%	%	NOUN
fsr-3266	185	132	skewness	skewness	NOUN
fsr-3266	185	133	1.02	1.02	NUM
fsr-3266	185	134	0.50	0.50	NUM
fsr-3266	185	135	0.24	0.24	NUM
fsr-3266	185	136	0.49	0.49	NUM
fsr-3266	185	137	�	�	PROPN
fsr-3266	185	138	0.51	0.51	NUM
fsr-3266	185	139	0.35	0.35	NUM
fsr-3266	185	140	0.50	0.50	NUM
fsr-3266	185	141	0.48	0.48	NUM
fsr-3266	185	142	�	�	PROPN
fsr-3266	185	143	0.51	0.51	NUM
fsr-3266	185	144	correlation	correlation	NOUN
fsr-3266	185	145	n	n	CCONJ
fsr-3266	185	146	/	/	SYM
fsr-3266	185	147	a	a	DET
fsr-3266	185	148	88.41	88.41	NUM
fsr-3266	185	149	%	%	NOUN
fsr-3266	185	150	76.99	76.99	NUM
fsr-3266	185	151	%	%	NOUN
fsr-3266	185	152	88.56	88.56	NUM
fsr-3266	185	153	%	%	NOUN
fsr-3266	185	154	�	�	NOUN
fsr-3266	185	155	87.89	87.89	NUM
fsr-3266	185	156	%	%	NOUN
fsr-3266	185	157	85.28	85.28	NUM
fsr-3266	185	158	%	%	NOUN
fsr-3266	185	159	88.55	88.55	NUM
fsr-3266	185	160	%	%	NOUN
fsr-3266	185	161	88.42	88.42	NUM
fsr-3266	185	162	%	%	NOUN
fsr-3266	185	163	�	�	NOUN
fsr-3266	185	164	87.93	87.93	NUM
fsr-3266	185	165	%	%	NOUN
fsr-3266	185	166	sharpe	sharpe	PROPN
fsr-3266	185	167	ratio	ratio	PROPN
fsr-3266	185	168	n	n	CCONJ
fsr-3266	185	169	/	/	SYM
fsr-3266	185	170	a	a	DET
fsr-3266	185	171	�	�	PROPN
fsr-3266	185	172	0.88	0.88	NUM
fsr-3266	185	173	�	�	PROPN
fsr-3266	185	174	1.17	1.17	NUM
fsr-3266	185	175	�	�	PROPN
fsr-3266	185	176	0.88	0.88	NUM
fsr-3266	185	177	0.97	0.97	NUM
fsr-3266	185	178	�	�	PROPN
fsr-3266	185	179	0.69	0.69	NUM
fsr-3266	185	180	�	�	PROPN
fsr-3266	185	181	0.88	0.88	NUM
fsr-3266	185	182	�	�	PROPN
fsr-3266	185	183	0.63	0.63	NUM
fsr-3266	185	184	0.98	0.98	NUM
fsr-3266	185	185	tracking	tracking	NOUN
fsr-3266	185	186	error	error	NOUN
fsr-3266	185	187	n	n	CCONJ
fsr-3266	185	188	/	/	SYM
fsr-3266	185	189	a	a	DET
fsr-3266	185	190	4.11	4.11	NUM
fsr-3266	185	191	%	%	NOUN
fsr-3266	185	192	5.75	5.75	NUM
fsr-3266	185	193	%	%	NOUN
fsr-3266	185	194	4.09	4.09	NUM
fsr-3266	185	195	%	%	NOUN
fsr-3266	185	196	10.54	10.54	NUM
fsr-3266	185	197	%	%	NOUN
fsr-3266	185	198	3.91	3.91	NUM
fsr-3266	185	199	%	%	NOUN
fsr-3266	185	200	4.09	4.09	NUM
fsr-3266	185	201	%	%	NOUN
fsr-3266	185	202	3.67	3.67	NUM
fsr-3266	185	203	%	%	NOUN
fsr-3266	185	204	10.56	10.56	NUM
fsr-3266	185	205	%	%	NOUN
fsr-3266	185	206	panel	panel	NOUN
fsr-3266	185	207	b	b	NOUN
fsr-3266	185	208	:	:	PUNCT
fsr-3266	185	209	days	day	NOUN
fsr-3266	185	210	when	when	SCONJ
fsr-3266	185	211	vix	vix	PROPN
fsr-3266	185	212	was	be	AUX
fsr-3266	185	213	up	up	ADV
fsr-3266	185	214	mean	mean	NOUN
fsr-3266	185	215	5.60	5.60	NUM
fsr-3266	185	216	%	%	NOUN
fsr-3266	185	217	2.35	2.35	NUM
fsr-3266	185	218	%	%	NOUN
fsr-3266	185	219	0.97	0.97	NUM
fsr-3266	185	220	%	%	NOUN
fsr-3266	185	221	2.36	2.36	NUM
fsr-3266	185	222	%	%	NOUN
fsr-3266	185	223	�	�	NOUN
fsr-3266	185	224	2.39	2.39	NUM
fsr-3266	185	225	%	%	NOUN
fsr-3266	185	226	3.95	3.95	NUM
fsr-3266	185	227	%	%	NOUN
fsr-3266	185	228	2.36	2.36	NUM
fsr-3266	185	229	%	%	NOUN
fsr-3266	185	230	4.63	4.63	NUM
fsr-3266	185	231	%	%	NOUN
fsr-3266	185	232	�	�	NOUN
fsr-3266	185	233	2.39	2.39	NUM
fsr-3266	185	234	%	%	NOUN
fsr-3266	185	235	median	median	NOUN
fsr-3266	185	236	3.85	3.85	NUM
fsr-3266	185	237	%	%	NOUN
fsr-3266	185	238	1.52	1.52	NUM
fsr-3266	185	239	%	%	NOUN
fsr-3266	185	240	0.72	0.72	NUM
fsr-3266	185	241	%	%	NOUN
fsr-3266	185	242	1.52	1.52	NUM
fsr-3266	185	243	%	%	NOUN
fsr-3266	185	244	�	�	PROPN
fsr-3266	185	245	1.65	1.65	NUM
fsr-3266	185	246	%	%	NOUN
fsr-3266	185	247	2.54	2.54	NUM
fsr-3266	185	248	%	%	NOUN
fsr-3266	185	249	1.57	1.57	NUM
fsr-3266	185	250	%	%	NOUN
fsr-3266	185	251	3.05	3.05	NUM
fsr-3266	185	252	%	%	NOUN
fsr-3266	185	253	�	�	NOUN
fsr-3266	185	254	1.62	1.62	NUM
fsr-3266	185	255	%	%	NOUN
fsr-3266	185	256	sd	sd	ADP
fsr-3266	185	257	5.91	5.91	NUM
fsr-3266	185	258	%	%	NOUN
fsr-3266	185	259	3.25	3.25	NUM
fsr-3266	185	260	%	%	NOUN
fsr-3266	185	261	1.59	1.59	NUM
fsr-3266	185	262	%	%	NOUN
fsr-3266	185	263	3.27	3.27	NUM
fsr-3266	185	264	%	%	NOUN
fsr-3266	185	265	3.25	3.25	NUM
fsr-3266	185	266	%	%	NOUN
fsr-3266	185	267	6.15	6.15	NUM
fsr-3266	185	268	%	%	NOUN
fsr-3266	185	269	3.26	3.26	NUM
fsr-3266	185	270	%	%	NOUN
fsr-3266	185	271	6.49	6.49	NUM
fsr-3266	185	272	%	%	NOUN
fsr-3266	185	273	3.27	3.27	NUM
fsr-3266	185	274	%	%	NOUN
fsr-3266	185	275	%	%	NOUN
fsr-3266	185	276	both	both	CCONJ
fsr-3266	185	277	up	up	ADP
fsr-3266	185	278	n	n	CCONJ
fsr-3266	185	279	/	/	SYM
fsr-3266	185	280	a	a	DET
fsr-3266	185	281	78.99	78.99	NUM
fsr-3266	185	282	%	%	NOUN
fsr-3266	185	283	72.61	72.61	NUM
fsr-3266	185	284	%	%	NOUN
fsr-3266	185	285	77.66	77.66	NUM
fsr-3266	185	286	%	%	NOUN
fsr-3266	185	287	22.07	22.07	NUM
fsr-3266	185	288	%	%	NOUN
fsr-3266	185	289	78.99	78.99	NUM
fsr-3266	185	290	%	%	NOUN
fsr-3266	185	291	78.99	78.99	NUM
fsr-3266	185	292	%	%	NOUN
fsr-3266	185	293	77.39	77.39	NUM
fsr-3266	185	294	%	%	NOUN
fsr-3266	185	295	22.61	22.61	NUM
fsr-3266	185	296	%	%	NOUN
fsr-3266	185	297	panel	panel	NOUN
fsr-3266	185	298	c	c	NOUN
fsr-3266	185	299	:	:	PUNCT
fsr-3266	185	300	days	day	NOUN
fsr-3266	185	301	when	when	SCONJ
fsr-3266	185	302	vix	vix	PROPN
fsr-3266	185	303	was	be	AUX
fsr-3266	185	304	down	down	ADV
fsr-3266	185	305	mean	mean	PROPN
fsr-3266	185	306	�	�	PROPN
fsr-3266	185	307	4.60	4.60	NUM
fsr-3266	185	308	%	%	NOUN
fsr-3266	185	309	�	�	PROPN
fsr-3266	185	310	2.65	2.65	NUM
fsr-3266	185	311	%	%	NOUN
fsr-3266	185	312	�	�	NOUN
fsr-3266	185	313	1.19	1.19	NUM
fsr-3266	185	314	%	%	NOUN
fsr-3266	185	315	�	�	NOUN
fsr-3266	185	316	2.66	2.66	NUM
fsr-3266	185	317	%	%	NOUN
fsr-3266	185	318	2.60	2.60	NUM
fsr-3266	185	319	%	%	NOUN
fsr-3266	185	320	�	�	NOUN
fsr-3266	185	321	4.81	4.81	NUM
fsr-3266	185	322	%	%	NOUN
fsr-3266	185	323	�	�	NOUN
fsr-3266	185	324	2.66	2.66	NUM
fsr-3266	185	325	%	%	NOUN
fsr-3266	185	326	�	�	NOUN
fsr-3266	185	327	5.32	5.32	NUM
fsr-3266	185	328	%	%	NOUN
fsr-3266	185	329	2.61	2.61	NUM
fsr-3266	185	330	%	%	NOUN
fsr-3266	185	331	median	median	PROPN
fsr-3266	185	332	�	�	PROPN
fsr-3266	185	333	3.59	3.59	NUM
fsr-3266	185	334	%	%	NOUN
fsr-3266	185	335	�	�	PROPN
fsr-3266	185	336	2.16	2.16	NUM
fsr-3266	185	337	%	%	NOUN
fsr-3266	185	338	�	�	NOUN
fsr-3266	185	339	1.07	1.07	NUM
fsr-3266	185	340	%	%	NOUN
fsr-3266	185	341	�	�	PROPN
fsr-3266	185	342	2.13	2.13	NUM
fsr-3266	185	343	%	%	NOUN
fsr-3266	185	344	2.11	2.11	NUM
fsr-3266	185	345	%	%	NOUN
fsr-3266	185	346	�	�	PROPN
fsr-3266	185	347	3.80	3.80	NUM
fsr-3266	185	348	%	%	NOUN
fsr-3266	185	349	�	�	NOUN
fsr-3266	185	350	2.15	2.15	NUM
fsr-3266	185	351	%	%	NOUN
fsr-3266	185	352	�	�	PROPN
fsr-3266	185	353	4.25	4.25	NUM
fsr-3266	185	354	%	%	NOUN
fsr-3266	185	355	2.11	2.11	NUM
fsr-3266	185	356	%	%	NOUN
fsr-3266	185	357	sd	sd	ADP
fsr-3266	185	358	3.82	3.82	NUM
fsr-3266	185	359	%	%	NOUN
fsr-3266	185	360	2.56	2.56	NUM
fsr-3266	185	361	%	%	NOUN
fsr-3266	185	362	1.43	1.43	NUM
fsr-3266	185	363	%	%	NOUN
fsr-3266	185	364	2.58	2.58	NUM
fsr-3266	185	365	%	%	NOUN
fsr-3266	185	366	2.55	2.55	NUM
fsr-3266	185	367	%	%	NOUN
fsr-3266	185	368	4.86	4.86	NUM
fsr-3266	185	369	%	%	NOUN
fsr-3266	185	370	2.56	2.56	NUM
fsr-3266	185	371	%	%	NOUN
fsr-3266	185	372	5.10	5.10	NUM
fsr-3266	185	373	%	%	NOUN
fsr-3266	185	374	2.56	2.56	NUM
fsr-3266	185	375	%	%	NOUN
fsr-3266	185	376	%	%	NOUN
fsr-3266	185	377	both	both	CCONJ
fsr-3266	185	378	down	down	ADP
fsr-3266	185	379	n	n	CCONJ
fsr-3266	185	380	/	/	SYM
fsr-3266	185	381	a	a	DET
fsr-3266	185	382	90.28	90.28	NUM
fsr-3266	185	383	%	%	NOUN
fsr-3266	185	384	81.48	81.48	NUM
fsr-3266	185	385	%	%	NOUN
fsr-3266	185	386	90.05	90.05	NUM
fsr-3266	185	387	%	%	NOUN
fsr-3266	185	388	10.88	10.88	NUM
fsr-3266	185	389	%	%	NOUN
fsr-3266	185	390	90.05	90.05	NUM
fsr-3266	185	391	%	%	NOUN
fsr-3266	185	392	90.28	90.28	NUM
fsr-3266	185	393	%	%	NOUN
fsr-3266	185	394	90.05	90.05	NUM
fsr-3266	185	395	%	%	NOUN
fsr-3266	185	396	11.11	11.11	NUM
fsr-3266	185	397	%	%	NOUN
fsr-3266	185	398	notes	note	NOUN
fsr-3266	185	399	.	.	PUNCT
fsr-3266	186	1	data	datum	NOUN
fsr-3266	186	2	from	from	ADP
fsr-3266	186	3	october	october	PROPN
fsr-3266	186	4	4	4	NUM
fsr-3266	186	5	,	,	PUNCT
fsr-3266	186	6	2011	2011	NUM
fsr-3266	186	7	through	through	ADP
fsr-3266	186	8	december	december	PROPN
fsr-3266	186	9	31	31	NUM
fsr-3266	186	10	,	,	PUNCT
fsr-3266	186	11	2014	2014	NUM
fsr-3266	186	12	.	.	PUNCT
fsr-3266	187	1	all	all	DET
fsr-3266	187	2	statistics	statistic	NOUN
fsr-3266	187	3	are	be	AUX
fsr-3266	187	4	daily	daily	ADJ
fsr-3266	187	5	,	,	PUNCT
fsr-3266	187	6	except	except	SCONJ
fsr-3266	187	7	sharpe	sharpe	PROPN
fsr-3266	187	8	ratio	ratio	NOUN
fsr-3266	187	9	,	,	PUNCT
fsr-3266	187	10	which	which	PRON
fsr-3266	187	11	uses	use	VERB
fsr-3266	187	12	annualized	annualize	VERB
fsr-3266	187	13	data	datum	NOUN
fsr-3266	187	14	.	.	PUNCT
fsr-3266	188	1	vxx	vxx	PROPN
fsr-3266	188	2	,	,	PUNCT
fsr-3266	188	3	viix	viix	NOUN
fsr-3266	188	4	,	,	PUNCT
fsr-3266	188	5	and	and	CCONJ
fsr-3266	188	6	vixy	vixy	ADV
fsr-3266	188	7	replicate	replicate	VERB
fsr-3266	188	8	the	the	DET
fsr-3266	188	9	s&p	s&p	PROPN
fsr-3266	188	10	500	500	NUM
fsr-3266	188	11	vix	vix	PROPN
fsr-3266	188	12	short	short	ADJ
fsr-3266	188	13	-	-	PUNCT
fsr-3266	188	14	term	term	NOUN
fsr-3266	188	15	futures	future	NOUN
fsr-3266	188	16	index	index	NOUN
fsr-3266	188	17	.	.	PUNCT
fsr-3266	189	1	vxz	vxz	PROPN
fsr-3266	189	2	replicates	replicate	VERB
fsr-3266	189	3	the	the	DET
fsr-3266	189	4	s&p	s&p	PROPN
fsr-3266	189	5	500	500	NUM
fsr-3266	189	6	vix	vix	PROPN
fsr-3266	189	7	mid	mid	ADJ
fsr-3266	189	8	-	-	NOUN
fsr-3266	189	9	term	term	NOUN
fsr-3266	189	10	futures	future	NOUN
fsr-3266	189	11	index	index	NOUN
fsr-3266	189	12	.	.	PUNCT
fsr-3266	190	1	xiv	xiv	PROPN
fsr-3266	190	2	and	and	CCONJ
fsr-3266	190	3	svxy	svxy	NOUN
fsr-3266	190	4	replicate	replicate	VERB
fsr-3266	190	5	the	the	DET
fsr-3266	190	6	inverse	inverse	NOUN
fsr-3266	190	7	,	,	PUNCT
fsr-3266	190	8	while	while	SCONJ
fsr-3266	190	9	tvix	tvix	NOUN
fsr-3266	190	10	and	and	CCONJ
fsr-3266	190	11	uvxy	uvxy	NOUN
fsr-3266	190	12	replicate	replicate	VERB
fsr-3266	190	13	2	2	NUM
fsr-3266	190	14	�	�	PROPN
fsr-3266	190	15	of	of	ADP
fsr-3266	190	16	the	the	DET
fsr-3266	190	17	s&p	s&p	PROPN
fsr-3266	190	18	500	500	NUM
fsr-3266	190	19	vix	vix	PROPN
fsr-3266	190	20	short	short	ADJ
fsr-3266	190	21	-	-	PUNCT
fsr-3266	190	22	term	term	NOUN
fsr-3266	190	23	futures	future	NOUN
fsr-3266	190	24	index	index	NOUN
fsr-3266	190	25	.	.	PUNCT
fsr-3266	191	1	double	double	ADJ
fsr-3266	191	2	asterisks	asterisk	NOUN
fsr-3266	191	3	indicate	indicate	VERB
fsr-3266	191	4	statistical	statistical	ADJ
fsr-3266	191	5	significance	significance	NOUN
fsr-3266	191	6	in	in	ADP
fsr-3266	191	7	mean	mean	NOUN
fsr-3266	191	8	from	from	ADP
fsr-3266	191	9	vix	vix	PROPN
fsr-3266	191	10	index	index	NOUN
fsr-3266	191	11	at	at	ADP
fsr-3266	191	12	the	the	DET
fsr-3266	191	13	1	1	NUM
fsr-3266	191	14	%	%	NOUN
fsr-3266	191	15	level	level	NOUN
fsr-3266	191	16	.	.	PUNCT
fsr-3266	192	1	81r	81r	NOUN
fsr-3266	192	2	.	.	PUNCT
fsr-3266	193	1	parker	parker	PROPN
fsr-3266	193	2	clowers	clowers	PROPN
fsr-3266	193	3	,	,	PUNCT
fsr-3266	193	4	t.l	t.l	PROPN
fsr-3266	193	5	.	.	PROPN
fsr-3266	193	6	jones	jones	PROPN
fsr-3266	193	7	/	/	SYM
fsr-3266	193	8	financial	financial	ADJ
fsr-3266	193	9	services	service	NOUN
fsr-3266	193	10	review	review	VERB
fsr-3266	193	11	25	25	NUM
fsr-3266	193	12	(	(	PUNCT
fsr-3266	193	13	2016	2016	NUM
fsr-3266	193	14	)	)	PUNCT
fsr-3266	193	15	73–85	73–85	NUM
fsr-3266	193	16	respectively	respectively	ADV
fsr-3266	193	17	.	.	PUNCT
fsr-3266	194	1	the	the	DET
fsr-3266	194	2	two	two	NUM
fsr-3266	194	3	twice	twice	ADV
fsr-3266	194	4	-	-	PUNCT
fsr-3266	194	5	levered	lever	VERB
fsr-3266	194	6	etps	etps	NOUN
fsr-3266	194	7	(	(	PUNCT
fsr-3266	194	8	tvix	tvix	NOUN
fsr-3266	194	9	and	and	CCONJ
fsr-3266	194	10	uvxy	uvxy	NOUN
fsr-3266	194	11	)	)	PUNCT
fsr-3266	194	12	both	both	PRON
fsr-3266	194	13	posted	post	VERB
fsr-3266	194	14	median	median	ADJ
fsr-3266	194	15	returns	return	NOUN
fsr-3266	194	16	of	of	ADP
fsr-3266	194	17	�	�	NOUN
fsr-3266	194	18	1.08	1.08	NUM
fsr-3266	194	19	%	%	NOUN
fsr-3266	194	20	(	(	PUNCT
fsr-3266	194	21	or	or	CCONJ
fsr-3266	194	22	median	median	ADJ
fsr-3266	194	23	returns	return	NOUN
fsr-3266	194	24	of	of	ADP
fsr-3266	194	25	�	�	NOUN
fsr-3266	194	26	0.54	0.54	NUM
fsr-3266	194	27	%	%	NOUN
fsr-3266	194	28	if	if	SCONJ
fsr-3266	194	29	they	they	PRON
fsr-3266	194	30	were	be	AUX
fsr-3266	194	31	unlevered	unlevered	ADJ
fsr-3266	194	32	)	)	PUNCT
fsr-3266	194	33	,	,	PUNCT
fsr-3266	194	34	while	while	SCONJ
fsr-3266	194	35	the	the	DET
fsr-3266	194	36	midterm	midterm	PROPN
fsr-3266	194	37	etn	etn	PROPN
fsr-3266	194	38	(	(	PUNCT
fsr-3266	194	39	vxz	vxz	PROPN
fsr-3266	194	40	)	)	PUNCT
fsr-3266	194	41	had	have	VERB
fsr-3266	194	42	a	a	DET
fsr-3266	194	43	median	median	ADJ
fsr-3266	194	44	return	return	NOUN
fsr-3266	194	45	of	of	ADP
fsr-3266	194	46	�	�	NOUN
fsr-3266	194	47	0.23	0.23	NUM
fsr-3266	194	48	%	%	NOUN
fsr-3266	194	49	.	.	PUNCT
fsr-3266	195	1	individual	individual	ADJ
fsr-3266	195	2	investors	investor	NOUN
fsr-3266	195	3	must	must	AUX
fsr-3266	195	4	be	be	AUX
fsr-3266	195	5	aware	aware	ADJ
fsr-3266	195	6	that	that	SCONJ
fsr-3266	195	7	over	over	ADP
fsr-3266	195	8	time	time	NOUN
fsr-3266	195	9	,	,	PUNCT
fsr-3266	195	10	the	the	DET
fsr-3266	195	11	value	value	NOUN
fsr-3266	195	12	of	of	ADP
fsr-3266	195	13	these	these	DET
fsr-3266	195	14	vix	vix	PROPN
fsr-3266	195	15	etps	etps	NOUN
fsr-3266	195	16	tends	tend	VERB
fsr-3266	195	17	to	to	PART
fsr-3266	195	18	significantly	significantly	ADV
fsr-3266	195	19	decline	decline	VERB
fsr-3266	195	20	or	or	CCONJ
fsr-3266	195	21	decay	decay	NOUN
fsr-3266	195	22	.	.	PUNCT
fsr-3266	196	1	as	as	SCONJ
fsr-3266	196	2	one	one	PRON
fsr-3266	196	3	might	might	AUX
fsr-3266	196	4	imagine	imagine	VERB
fsr-3266	196	5	,	,	PUNCT
fsr-3266	196	6	from	from	ADP
fsr-3266	196	7	examining	examine	VERB
fsr-3266	196	8	the	the	DET
fsr-3266	196	9	differences	difference	NOUN
fsr-3266	196	10	in	in	ADP
fsr-3266	196	11	the	the	DET
fsr-3266	196	12	mean	mean	NOUN
fsr-3266	196	13	and	and	CCONJ
fsr-3266	196	14	median	median	ADJ
fsr-3266	196	15	daily	daily	ADJ
fsr-3266	196	16	returns	return	NOUN
fsr-3266	196	17	for	for	ADP
fsr-3266	196	18	the	the	DET
fsr-3266	196	19	vix	vix	PROPN
fsr-3266	196	20	index	index	NOUN
fsr-3266	196	21	and	and	CCONJ
fsr-3266	196	22	each	each	DET
fsr-3266	196	23	etp	etp	PROPN
fsr-3266	196	24	,	,	PUNCT
fsr-3266	196	25	all	all	PRON
fsr-3266	196	26	of	of	ADP
fsr-3266	196	27	the	the	DET
fsr-3266	196	28	non	non	ADJ
fsr-3266	196	29	-	-	ADJ
fsr-3266	196	30	inverse	inverse	ADJ
fsr-3266	196	31	return	return	NOUN
fsr-3266	196	32	series	series	NOUN
fsr-3266	196	33	are	be	AUX
fsr-3266	196	34	positively	positively	ADV
fsr-3266	196	35	skewed	skewed	ADJ
fsr-3266	196	36	,	,	PUNCT
fsr-3266	196	37	with	with	ADP
fsr-3266	196	38	the	the	DET
fsr-3266	196	39	inverse	inverse	NOUN
fsr-3266	196	40	etps	etps	NOUN
fsr-3266	196	41	having	have	VERB
fsr-3266	196	42	negatively	negatively	ADV
fsr-3266	196	43	skewed	skewed	ADJ
fsr-3266	196	44	return	return	NOUN
fsr-3266	196	45	distribution	distribution	NOUN
fsr-3266	196	46	.	.	PUNCT
fsr-3266	197	1	for	for	ADP
fsr-3266	197	2	comparison	comparison	NOUN
fsr-3266	197	3	,	,	PUNCT
fsr-3266	197	4	the	the	DET
fsr-3266	197	5	daily	daily	ADJ
fsr-3266	197	6	return	return	NOUN
fsr-3266	197	7	distribution	distribution	NOUN
fsr-3266	197	8	of	of	ADP
fsr-3266	197	9	the	the	DET
fsr-3266	197	10	s&p	s&p	PROPN
fsr-3266	197	11	500	500	NUM
fsr-3266	197	12	,	,	PUNCT
fsr-3266	197	13	over	over	ADP
fsr-3266	197	14	the	the	DET
fsr-3266	197	15	period	period	NOUN
fsr-3266	197	16	examined	examine	VERB
fsr-3266	197	17	,	,	PUNCT
fsr-3266	197	18	has	have	VERB
fsr-3266	197	19	a	a	DET
fsr-3266	197	20	skewness	skewness	NOUN
fsr-3266	197	21	of	of	ADP
fsr-3266	197	22	0.04	0.04	NUM
fsr-3266	197	23	.	.	PUNCT
fsr-3266	198	1	the	the	DET
fsr-3266	198	2	vix	vix	PROPN
fsr-3266	198	3	index	index	NOUN
fsr-3266	198	4	has	have	VERB
fsr-3266	198	5	a	a	DET
fsr-3266	198	6	skewness	skewness	NOUN
fsr-3266	198	7	of	of	ADP
fsr-3266	198	8	1.02	1.02	NUM
fsr-3266	198	9	,	,	PUNCT
fsr-3266	198	10	with	with	ADP
fsr-3266	198	11	the	the	DET
fsr-3266	198	12	etps	etps	NOUN
fsr-3266	198	13	that	that	PRON
fsr-3266	198	14	follow	follow	VERB
fsr-3266	198	15	the	the	DET
fsr-3266	198	16	s&p	s&p	PROPN
fsr-3266	198	17	st	st	PROPN
fsr-3266	198	18	index	index	PROPN
fsr-3266	198	19	(	(	PUNCT
fsr-3266	198	20	vxx	vxx	PROPN
fsr-3266	198	21	,	,	PUNCT
fsr-3266	198	22	viix	viix	NOUN
fsr-3266	198	23	,	,	PUNCT
fsr-3266	198	24	and	and	CCONJ
fsr-3266	198	25	vixy	vixy	ADV
fsr-3266	198	26	)	)	PUNCT
fsr-3266	198	27	having	have	VERB
fsr-3266	198	28	a	a	DET
fsr-3266	198	29	skewness	skewness	NOUN
fsr-3266	198	30	of	of	ADP
fsr-3266	198	31	about	about	ADV
fsr-3266	198	32	0.50	0.50	NUM
fsr-3266	198	33	,	,	PUNCT
fsr-3266	198	34	with	with	ADP
fsr-3266	198	35	the	the	DET
fsr-3266	198	36	inverse	inverse	NOUN
fsr-3266	198	37	etps	etps	NOUN
fsr-3266	198	38	having	have	VERB
fsr-3266	198	39	about	about	ADP
fsr-3266	198	40	the	the	DET
fsr-3266	198	41	same	same	ADJ
fsr-3266	198	42	amount	amount	NOUN
fsr-3266	198	43	of	of	ADP
fsr-3266	198	44	negative	negative	ADJ
fsr-3266	198	45	skewness	skewness	NOUN
fsr-3266	198	46	.	.	PUNCT
fsr-3266	199	1	the	the	DET
fsr-3266	199	2	midterm	midterm	NOUN
fsr-3266	199	3	etp	etp	PROPN
fsr-3266	199	4	has	have	VERB
fsr-3266	199	5	the	the	DET
fsr-3266	199	6	lowest	low	ADJ
fsr-3266	199	7	skewness	skewness	NOUN
fsr-3266	199	8	of	of	ADP
fsr-3266	199	9	0.24	0.24	NUM
fsr-3266	199	10	,	,	PUNCT
fsr-3266	199	11	while	while	SCONJ
fsr-3266	199	12	the	the	DET
fsr-3266	199	13	twice	twice	ADV
fsr-3266	199	14	-	-	PUNCT
fsr-3266	199	15	levered	lever	VERB
fsr-3266	199	16	products	product	NOUN
fsr-3266	199	17	show	show	VERB
fsr-3266	199	18	a	a	DET
fsr-3266	199	19	high	high	ADJ
fsr-3266	199	20	degree	degree	NOUN
fsr-3266	199	21	of	of	ADP
fsr-3266	199	22	skewness	skewness	NOUN
fsr-3266	199	23	,	,	PUNCT
fsr-3266	199	24	as	as	ADV
fsr-3266	199	25	well	well	ADV
fsr-3266	199	26	.	.	PUNCT
fsr-3266	200	1	table	table	NOUN
fsr-3266	200	2	1	1	NUM
fsr-3266	200	3	,	,	PUNCT
fsr-3266	200	4	panel	panel	NOUN
fsr-3266	200	5	a	a	PRON
fsr-3266	200	6	also	also	ADV
fsr-3266	200	7	presents	present	VERB
fsr-3266	200	8	the	the	DET
fsr-3266	200	9	sharpe	sharpe	PROPN
fsr-3266	200	10	ratios	ratio	NOUN
fsr-3266	200	11	of	of	ADP
fsr-3266	200	12	each	each	PRON
fsr-3266	200	13	of	of	ADP
fsr-3266	200	14	the	the	DET
fsr-3266	200	15	eight	eight	NUM
fsr-3266	200	16	etps	etps	NOUN
fsr-3266	200	17	,	,	PUNCT
fsr-3266	200	18	as	as	SCONJ
fsr-3266	200	19	described	describe	VERB
fsr-3266	200	20	in	in	ADP
fsr-3266	200	21	sharpe	sharpe	PROPN
fsr-3266	200	22	(	(	PUNCT
fsr-3266	200	23	1994	1994	NUM
fsr-3266	200	24	)	)	PUNCT
fsr-3266	200	25	.	.	PUNCT
fsr-3266	201	1	as	as	SCONJ
fsr-3266	201	2	one	one	PRON
fsr-3266	201	3	might	might	AUX
fsr-3266	201	4	guess	guess	VERB
fsr-3266	201	5	,	,	PUNCT
fsr-3266	201	6	the	the	DET
fsr-3266	201	7	etps	etps	NOUN
fsr-3266	201	8	that	that	PRON
fsr-3266	201	9	track	track	VERB
fsr-3266	201	10	the	the	DET
fsr-3266	201	11	s&p	s&p	PROPN
fsr-3266	201	12	st	st	PROPN
fsr-3266	201	13	index	index	PROPN
fsr-3266	201	14	(	(	PUNCT
fsr-3266	201	15	vxx	vxx	PROPN
fsr-3266	201	16	,	,	PUNCT
fsr-3266	201	17	viix	viix	NOUN
fsr-3266	201	18	,	,	PUNCT
fsr-3266	201	19	vixy	vixy	ADV
fsr-3266	201	20	,	,	PUNCT
fsr-3266	201	21	tvix	tvix	NOUN
fsr-3266	201	22	,	,	PUNCT
fsr-3266	201	23	uvxy	uvxy	NOUN
fsr-3266	201	24	)	)	PUNCT
fsr-3266	201	25	,	,	PUNCT
fsr-3266	201	26	along	along	ADP
fsr-3266	201	27	with	with	ADP
fsr-3266	201	28	vxz	vxz	PROPN
fsr-3266	201	29	,	,	PUNCT
fsr-3266	201	30	have	have	VERB
fsr-3266	201	31	negative	negative	ADJ
fsr-3266	201	32	sharpe	sharpe	NOUN
fsr-3266	201	33	ratios	ratio	NOUN
fsr-3266	201	34	.	.	PUNCT
fsr-3266	202	1	it	it	PRON
fsr-3266	202	2	is	be	AUX
fsr-3266	202	3	interesting	interesting	ADJ
fsr-3266	202	4	to	to	PART
fsr-3266	202	5	note	note	VERB
fsr-3266	202	6	that	that	SCONJ
fsr-3266	202	7	the	the	DET
fsr-3266	202	8	vxz	vxz	PROPN
fsr-3266	202	9	,	,	PUNCT
fsr-3266	202	10	the	the	DET
fsr-3266	202	11	s&p	s&p	PROPN
fsr-3266	202	12	500	500	NUM
fsr-3266	202	13	vix	vix	NOUN
fsr-3266	202	14	medium	medium	ADJ
fsr-3266	202	15	-	-	PUNCT
fsr-3266	202	16	term	term	NOUN
fsr-3266	202	17	index	index	NOUN
fsr-3266	202	18	etp	etp	PROPN
fsr-3266	202	19	,	,	PUNCT
fsr-3266	202	20	has	have	VERB
fsr-3266	202	21	a	a	DET
fsr-3266	202	22	larger	large	ADJ
fsr-3266	202	23	negative	negative	ADJ
fsr-3266	202	24	sharpe	sharpe	NOUN
fsr-3266	202	25	ratio	ratio	NOUN
fsr-3266	202	26	than	than	ADP
fsr-3266	202	27	the	the	DET
fsr-3266	202	28	s&p	s&p	PROPN
fsr-3266	202	29	st	st	PROPN
fsr-3266	202	30	index	index	NOUN
fsr-3266	202	31	etps	etps	NOUN
fsr-3266	202	32	.	.	PUNCT
fsr-3266	203	1	this	this	PRON
fsr-3266	203	2	is	be	AUX
fsr-3266	203	3	because	because	SCONJ
fsr-3266	203	4	of	of	ADP
fsr-3266	203	5	the	the	DET
fsr-3266	203	6	fact	fact	NOUN
fsr-3266	203	7	that	that	SCONJ
fsr-3266	203	8	this	this	DET
fsr-3266	203	9	index	index	NOUN
fsr-3266	203	10	has	have	AUX
fsr-3266	203	11	more	more	ADJ
fsr-3266	203	12	of	of	ADP
fsr-3266	203	13	the	the	DET
fsr-3266	203	14	negative	negative	ADJ
fsr-3266	203	15	returns	return	NOUN
fsr-3266	203	16	with	with	ADP
fsr-3266	203	17	less	less	ADJ
fsr-3266	203	18	of	of	ADP
fsr-3266	203	19	the	the	DET
fsr-3266	203	20	volatility	volatility	NOUN
fsr-3266	203	21	when	when	SCONJ
fsr-3266	203	22	compared	compare	VERB
fsr-3266	203	23	to	to	ADP
fsr-3266	203	24	the	the	DET
fsr-3266	203	25	s&p	s&p	PROPN
fsr-3266	203	26	st	st	PROPN
fsr-3266	203	27	index	index	PROPN
fsr-3266	203	28	.	.	PUNCT
fsr-3266	204	1	the	the	DET
fsr-3266	204	2	sharpe	sharpe	PROPN
fsr-3266	204	3	ratios	ratio	NOUN
fsr-3266	204	4	of	of	ADP
fsr-3266	204	5	the	the	DET
fsr-3266	204	6	two	two	NUM
fsr-3266	204	7	inverse	inverse	NOUN
fsr-3266	204	8	etps	etps	NOUN
fsr-3266	204	9	,	,	PUNCT
fsr-3266	204	10	xiv	xiv	PROPN
fsr-3266	204	11	and	and	CCONJ
fsr-3266	204	12	svxy	svxy	NOUN
fsr-3266	204	13	,	,	PUNCT
fsr-3266	204	14	are	be	AUX
fsr-3266	204	15	positive	positive	ADJ
fsr-3266	204	16	at	at	ADP
fsr-3266	204	17	0.97	0.97	NUM
fsr-3266	204	18	and	and	CCONJ
fsr-3266	204	19	0.98	0.98	NUM
fsr-3266	204	20	,	,	PUNCT
fsr-3266	204	21	respectively	respectively	ADV
fsr-3266	204	22	.	.	PUNCT
fsr-3266	205	1	these	these	PRON
fsr-3266	205	2	are	be	AUX
fsr-3266	205	3	both	both	ADV
fsr-3266	205	4	less	less	ADJ
fsr-3266	205	5	than	than	ADP
fsr-3266	205	6	the	the	DET
fsr-3266	205	7	sharpe	sharpe	NOUN
fsr-3266	205	8	ratio	ratio	NOUN
fsr-3266	205	9	of	of	ADP
fsr-3266	205	10	the	the	DET
fsr-3266	205	11	s&p	s&p	PROPN
fsr-3266	205	12	500	500	NUM
fsr-3266	205	13	,	,	PUNCT
fsr-3266	205	14	over	over	ADP
fsr-3266	205	15	this	this	DET
fsr-3266	205	16	period	period	NOUN
fsr-3266	205	17	,	,	PUNCT
fsr-3266	205	18	of	of	ADP
fsr-3266	205	19	1.25	1.25	NUM
fsr-3266	205	20	.	.	PUNCT
fsr-3266	206	1	the	the	DET
fsr-3266	206	2	tracking	tracking	NOUN
fsr-3266	206	3	error	error	NOUN
fsr-3266	206	4	of	of	ADP
fsr-3266	206	5	each	each	DET
fsr-3266	206	6	vix	vix	PROPN
fsr-3266	206	7	etp	etp	PROPN
fsr-3266	206	8	is	be	AUX
fsr-3266	206	9	also	also	ADV
fsr-3266	206	10	noted	note	VERB
fsr-3266	206	11	in	in	ADP
fsr-3266	206	12	table	table	NOUN
fsr-3266	206	13	1	1	NUM
fsr-3266	206	14	.	.	PUNCT
fsr-3266	207	1	this	this	DET
fsr-3266	207	2	statistic	statistic	ADJ
fsr-3266	207	3	measures	measure	NOUN
fsr-3266	207	4	which	which	PRON
fsr-3266	207	5	etps	etps	VERB
fsr-3266	207	6	does	do	VERB
fsr-3266	207	7	a	a	DET
fsr-3266	207	8	better	well	ADJ
fsr-3266	207	9	job	job	NOUN
fsr-3266	207	10	of	of	ADP
fsr-3266	207	11	tracking	track	VERB
fsr-3266	207	12	the	the	DET
fsr-3266	207	13	vix	vix	PROPN
fsr-3266	207	14	index	index	NOUN
fsr-3266	207	15	.	.	PUNCT
fsr-3266	208	1	as	as	SCONJ
fsr-3266	208	2	one	one	PRON
fsr-3266	208	3	might	might	AUX
fsr-3266	208	4	expect	expect	VERB
fsr-3266	208	5	,	,	PUNCT
fsr-3266	208	6	the	the	DET
fsr-3266	208	7	two	two	NUM
fsr-3266	208	8	inverse	inverse	NOUN
fsr-3266	208	9	etps	etps	NOUN
fsr-3266	208	10	,	,	PUNCT
fsr-3266	208	11	xiv	xiv	PROPN
fsr-3266	208	12	and	and	CCONJ
fsr-3266	208	13	svxy	svxy	NOUN
fsr-3266	208	14	,	,	PUNCT
fsr-3266	208	15	have	have	VERB
fsr-3266	208	16	the	the	DET
fsr-3266	208	17	highest	high	ADJ
fsr-3266	208	18	tracking	tracking	NOUN
fsr-3266	208	19	errors	error	NOUN
fsr-3266	208	20	,	,	PUNCT
fsr-3266	208	21	10.54	10.54	NUM
fsr-3266	208	22	%	%	NOUN
fsr-3266	208	23	and	and	CCONJ
fsr-3266	208	24	10.56	10.56	NUM
fsr-3266	208	25	%	%	NOUN
fsr-3266	208	26	,	,	PUNCT
fsr-3266	208	27	respectively	respectively	ADV
fsr-3266	208	28	,	,	PUNCT
fsr-3266	208	29	indicating	indicate	VERB
fsr-3266	208	30	that	that	SCONJ
fsr-3266	208	31	these	these	DET
fsr-3266	208	32	etps	etps	NOUN
fsr-3266	208	33	demonstrate	demonstrate	VERB
fsr-3266	208	34	more	more	ADJ
fsr-3266	208	35	volatility	volatility	NOUN
fsr-3266	208	36	around	around	ADP
fsr-3266	208	37	the	the	DET
fsr-3266	208	38	vix	vix	PROPN
fsr-3266	208	39	index	index	NOUN
fsr-3266	208	40	.	.	PUNCT
fsr-3266	209	1	even	even	ADV
fsr-3266	209	2	though	though	SCONJ
fsr-3266	209	3	these	these	DET
fsr-3266	209	4	tracking	tracking	NOUN
fsr-3266	209	5	errors	error	NOUN
fsr-3266	209	6	are	be	AUX
fsr-3266	209	7	highest	high	ADJ
fsr-3266	209	8	,	,	PUNCT
fsr-3266	209	9	these	these	DET
fsr-3266	209	10	etps	etps	NOUN
fsr-3266	209	11	have	have	VERB
fsr-3266	209	12	a	a	DET
fsr-3266	209	13	mean	mean	ADJ
fsr-3266	209	14	daily	daily	ADJ
fsr-3266	209	15	return	return	NOUN
fsr-3266	209	16	that	that	PRON
fsr-3266	209	17	is	be	AUX
fsr-3266	209	18	not	not	PART
fsr-3266	209	19	statistically	statistically	ADV
fsr-3266	209	20	different	different	ADJ
fsr-3266	209	21	from	from	ADP
fsr-3266	209	22	that	that	PRON
fsr-3266	209	23	of	of	ADP
fsr-3266	209	24	the	the	DET
fsr-3266	209	25	vix	vix	PROPN
fsr-3266	209	26	index	index	NOUN
fsr-3266	209	27	.	.	PUNCT
fsr-3266	210	1	the	the	DET
fsr-3266	210	2	leveraged	leverage	VERB
fsr-3266	210	3	etps	etps	NOUN
fsr-3266	210	4	,	,	PUNCT
fsr-3266	210	5	tvix	tvix	NOUN
fsr-3266	210	6	and	and	CCONJ
fsr-3266	210	7	uvxy	uvxy	NOUN
fsr-3266	210	8	,	,	PUNCT
fsr-3266	210	9	resulted	result	VERB
fsr-3266	210	10	in	in	ADP
fsr-3266	210	11	the	the	DET
fsr-3266	210	12	lowest	low	ADJ
fsr-3266	210	13	tracking	tracking	NOUN
fsr-3266	210	14	errors	error	NOUN
fsr-3266	210	15	,	,	PUNCT
fsr-3266	210	16	3.91	3.91	NUM
fsr-3266	210	17	%	%	NOUN
fsr-3266	210	18	and	and	CCONJ
fsr-3266	210	19	3.67	3.67	NUM
fsr-3266	210	20	%	%	NOUN
fsr-3266	210	21	,	,	PUNCT
fsr-3266	210	22	respectively	respectively	ADV
fsr-3266	210	23	,	,	PUNCT
fsr-3266	210	24	signifying	signify	VERB
fsr-3266	210	25	that	that	SCONJ
fsr-3266	210	26	these	these	DET
fsr-3266	210	27	etps	etps	NOUN
fsr-3266	210	28	do	do	VERB
fsr-3266	210	29	a	a	DET
fsr-3266	210	30	slightly	slightly	ADV
fsr-3266	210	31	better	well	ADJ
fsr-3266	210	32	job	job	NOUN
fsr-3266	210	33	of	of	ADP
fsr-3266	210	34	tracking	track	VERB
fsr-3266	210	35	the	the	DET
fsr-3266	210	36	vix	vix	PROPN
fsr-3266	210	37	index	index	NOUN
fsr-3266	210	38	,	,	PUNCT
fsr-3266	210	39	relative	relative	ADJ
fsr-3266	210	40	to	to	ADP
fsr-3266	210	41	the	the	DET
fsr-3266	210	42	other	other	ADJ
fsr-3266	210	43	etps	etps	NOUN
fsr-3266	210	44	that	that	PRON
fsr-3266	210	45	were	be	AUX
fsr-3266	210	46	observed	observe	VERB
fsr-3266	210	47	.	.	PUNCT
fsr-3266	211	1	the	the	DET
fsr-3266	211	2	remaining	remain	VERB
fsr-3266	211	3	s&p	s&p	PROPN
fsr-3266	211	4	st	st	PROPN
fsr-3266	211	5	index	index	NOUN
fsr-3266	211	6	etps	etps	NOUN
fsr-3266	211	7	(	(	PUNCT
fsr-3266	211	8	vxx	vxx	PROPN
fsr-3266	211	9	,	,	PUNCT
fsr-3266	211	10	viix	viix	NOUN
fsr-3266	211	11	,	,	PUNCT
fsr-3266	211	12	and	and	CCONJ
fsr-3266	211	13	vixy	vixy	ADV
fsr-3266	211	14	)	)	PUNCT
fsr-3266	211	15	have	have	AUX
fsr-3266	211	16	tracking	track	VERB
fsr-3266	211	17	errors	error	NOUN
fsr-3266	211	18	that	that	PRON
fsr-3266	211	19	range	range	VERB
fsr-3266	211	20	from	from	ADP
fsr-3266	211	21	4.09	4.09	NUM
fsr-3266	211	22	%	%	NOUN
fsr-3266	211	23	to	to	PART
fsr-3266	211	24	4.11	4.11	NUM
fsr-3266	211	25	%	%	NOUN
fsr-3266	211	26	,	,	PUNCT
fsr-3266	211	27	with	with	ADP
fsr-3266	211	28	the	the	DET
fsr-3266	211	29	vxz	vxz	PROPN
fsr-3266	211	30	having	have	VERB
fsr-3266	211	31	a	a	DET
fsr-3266	211	32	tracking	tracking	NOUN
fsr-3266	211	33	error	error	NOUN
fsr-3266	211	34	of	of	ADP
fsr-3266	211	35	5.75	5.75	NUM
fsr-3266	211	36	%	%	NOUN
fsr-3266	211	37	.	.	PUNCT
fsr-3266	212	1	the	the	DET
fsr-3266	212	2	high	high	ADJ
fsr-3266	212	3	tracking	tracking	NOUN
fsr-3266	212	4	errors	error	NOUN
fsr-3266	212	5	exemplify	exemplify	VERB
fsr-3266	212	6	how	how	SCONJ
fsr-3266	212	7	the	the	DET
fsr-3266	212	8	vix	vix	PROPN
fsr-3266	212	9	etps	etps	VERB
fsr-3266	212	10	deviate	deviate	NOUN
fsr-3266	212	11	from	from	ADP
fsr-3266	212	12	vix	vix	PROPN
fsr-3266	212	13	index	index	NOUN
fsr-3266	212	14	significantly	significantly	ADV
fsr-3266	212	15	.	.	PUNCT
fsr-3266	213	1	table	table	NOUN
fsr-3266	213	2	1	1	NUM
fsr-3266	213	3	,	,	PUNCT
fsr-3266	213	4	panel	panel	NOUN
fsr-3266	213	5	b	b	PROPN
fsr-3266	213	6	presents	present	VERB
fsr-3266	213	7	the	the	DET
fsr-3266	213	8	statistics	statistic	NOUN
fsr-3266	213	9	of	of	ADP
fsr-3266	213	10	the	the	DET
fsr-3266	213	11	vix	vix	PROPN
fsr-3266	213	12	etps	etps	NOUN
fsr-3266	213	13	relative	relative	ADJ
fsr-3266	213	14	to	to	ADP
fsr-3266	213	15	the	the	DET
fsr-3266	213	16	vix	vix	PROPN
fsr-3266	213	17	index	index	NOUN
fsr-3266	213	18	on	on	ADP
fsr-3266	213	19	the	the	DET
fsr-3266	213	20	days	day	NOUN
fsr-3266	213	21	in	in	ADP
fsr-3266	213	22	which	which	PRON
fsr-3266	213	23	the	the	DET
fsr-3266	213	24	vix	vix	PROPN
fsr-3266	213	25	index	index	NOUN
fsr-3266	213	26	had	have	VERB
fsr-3266	213	27	a	a	DET
fsr-3266	213	28	positive	positive	ADJ
fsr-3266	213	29	return	return	NOUN
fsr-3266	213	30	.	.	PUNCT
fsr-3266	214	1	when	when	SCONJ
fsr-3266	214	2	looking	look	VERB
fsr-3266	214	3	at	at	ADP
fsr-3266	214	4	the	the	DET
fsr-3266	214	5	days	day	NOUN
fsr-3266	214	6	in	in	ADP
fsr-3266	214	7	which	which	PRON
fsr-3266	214	8	the	the	DET
fsr-3266	214	9	vix	vix	PROPN
fsr-3266	214	10	index	index	NOUN
fsr-3266	214	11	experienced	experience	VERB
fsr-3266	214	12	a	a	DET
fsr-3266	214	13	positive	positive	ADJ
fsr-3266	214	14	return	return	NOUN
fsr-3266	214	15	,	,	PUNCT
fsr-3266	214	16	it	it	PRON
fsr-3266	214	17	averaged	average	VERB
fsr-3266	214	18	5.60	5.60	NUM
fsr-3266	214	19	%	%	NOUN
fsr-3266	214	20	daily	daily	ADV
fsr-3266	214	21	,	,	PUNCT
fsr-3266	214	22	with	with	ADP
fsr-3266	214	23	a	a	DET
fsr-3266	214	24	3.85	3.85	NUM
fsr-3266	214	25	%	%	NOUN
fsr-3266	214	26	median	median	ADJ
fsr-3266	214	27	return	return	NOUN
fsr-3266	214	28	.	.	PUNCT
fsr-3266	215	1	on	on	ADP
fsr-3266	215	2	the	the	DET
fsr-3266	215	3	days	day	NOUN
fsr-3266	215	4	the	the	DET
fsr-3266	215	5	vix	vix	PROPN
fsr-3266	215	6	index	index	NOUN
fsr-3266	215	7	moved	move	VERB
fsr-3266	215	8	up	up	ADV
fsr-3266	215	9	,	,	PUNCT
fsr-3266	215	10	many	many	ADJ
fsr-3266	215	11	of	of	ADP
fsr-3266	215	12	the	the	DET
fsr-3266	215	13	vix	vix	PROPN
fsr-3266	215	14	etps	etps	NOUN
fsr-3266	215	15	moved	move	VERB
fsr-3266	215	16	in	in	ADP
fsr-3266	215	17	the	the	DET
fsr-3266	215	18	same	same	ADJ
fsr-3266	215	19	direction	direction	NOUN
fsr-3266	215	20	,	,	PUNCT
fsr-3266	215	21	however	however	ADV
fsr-3266	215	22	none	none	NOUN
fsr-3266	215	23	had	have	VERB
fsr-3266	215	24	average	average	ADJ
fsr-3266	215	25	daily	daily	ADJ
fsr-3266	215	26	returns	return	NOUN
fsr-3266	215	27	or	or	CCONJ
fsr-3266	215	28	median	median	ADJ
fsr-3266	215	29	returns	return	NOUN
fsr-3266	215	30	as	as	ADV
fsr-3266	215	31	high	high	ADJ
fsr-3266	215	32	as	as	ADP
fsr-3266	215	33	the	the	DET
fsr-3266	215	34	vix	vix	PROPN
fsr-3266	215	35	index	index	NOUN
fsr-3266	215	36	.	.	PUNCT
fsr-3266	216	1	for	for	ADP
fsr-3266	216	2	example	example	NOUN
fsr-3266	216	3	,	,	PUNCT
fsr-3266	216	4	vxx	vxx	PROPN
fsr-3266	216	5	experienced	experience	VERB
fsr-3266	216	6	an	an	DET
fsr-3266	216	7	average	average	ADJ
fsr-3266	216	8	return	return	NOUN
fsr-3266	216	9	of	of	ADP
fsr-3266	216	10	2.35	2.35	NUM
fsr-3266	216	11	%	%	NOUN
fsr-3266	216	12	,	,	PUNCT
fsr-3266	216	13	compared	compare	VERB
fsr-3266	216	14	to	to	ADP
fsr-3266	216	15	the	the	DET
fsr-3266	216	16	5.60	5.60	NUM
fsr-3266	216	17	%	%	NOUN
fsr-3266	216	18	for	for	ADP
fsr-3266	216	19	the	the	DET
fsr-3266	216	20	vix	vix	PROPN
fsr-3266	216	21	index	index	NOUN
fsr-3266	216	22	.	.	PUNCT
fsr-3266	217	1	in	in	ADP
fsr-3266	217	2	addition	addition	NOUN
fsr-3266	217	3	,	,	PUNCT
fsr-3266	217	4	vxz	vxz	PROPN
fsr-3266	217	5	,	,	PUNCT
fsr-3266	217	6	the	the	DET
fsr-3266	217	7	midterm	midterm	PROPN
fsr-3266	217	8	etn	etn	PROPN
fsr-3266	217	9	,	,	PUNCT
fsr-3266	217	10	only	only	ADV
fsr-3266	217	11	generated	generate	VERB
fsr-3266	217	12	an	an	DET
fsr-3266	217	13	average	average	ADJ
fsr-3266	217	14	return	return	NOUN
fsr-3266	217	15	of	of	ADP
fsr-3266	217	16	0.97	0.97	NUM
fsr-3266	217	17	%	%	NOUN
fsr-3266	217	18	on	on	ADP
fsr-3266	217	19	the	the	DET
fsr-3266	217	20	days	day	NOUN
fsr-3266	217	21	in	in	ADP
fsr-3266	217	22	which	which	PRON
fsr-3266	217	23	the	the	DET
fsr-3266	217	24	vix	vix	PROPN
fsr-3266	217	25	index	index	NOUN
fsr-3266	217	26	had	have	VERB
fsr-3266	217	27	a	a	DET
fsr-3266	217	28	positive	positive	ADJ
fsr-3266	217	29	return	return	NOUN
fsr-3266	217	30	.	.	PUNCT
fsr-3266	218	1	the	the	DET
fsr-3266	218	2	non	non	ADJ
fsr-3266	218	3	-	-	ADJ
fsr-3266	218	4	inverse	inverse	ADJ
fsr-3266	218	5	etps	etps	NOUN
fsr-3266	218	6	that	that	PRON
fsr-3266	218	7	track	track	VERB
fsr-3266	218	8	the	the	DET
fsr-3266	218	9	s&p	s&p	PROPN
fsr-3266	218	10	st	st	PROPN
fsr-3266	218	11	index	index	PROPN
fsr-3266	218	12	(	(	PUNCT
fsr-3266	218	13	vxx	vxx	PROPN
fsr-3266	218	14	,	,	PUNCT
fsr-3266	218	15	viix	viix	PROPN
fsr-3266	218	16	,	,	PUNCT
fsr-3266	218	17	tvix	tvix	NOUN
fsr-3266	218	18	,	,	PUNCT
fsr-3266	218	19	vixy	vixy	ADV
fsr-3266	218	20	,	,	PUNCT
fsr-3266	218	21	and	and	CCONJ
fsr-3266	218	22	uvxy	uvxy	NOUN
fsr-3266	218	23	)	)	PUNCT
fsr-3266	218	24	only	only	ADV
fsr-3266	218	25	had	have	VERB
fsr-3266	218	26	positive	positive	ADJ
fsr-3266	218	27	returns	return	NOUN
fsr-3266	218	28	77	77	NUM
fsr-3266	218	29	%	%	NOUN
fsr-3266	218	30	to	to	PART
fsr-3266	218	31	79	79	NUM
fsr-3266	218	32	%	%	NOUN
fsr-3266	218	33	of	of	ADP
fsr-3266	218	34	days	day	NOUN
fsr-3266	218	35	in	in	ADP
fsr-3266	218	36	which	which	PRON
fsr-3266	218	37	the	the	DET
fsr-3266	218	38	vix	vix	PROPN
fsr-3266	218	39	index	index	NOUN
fsr-3266	218	40	had	have	VERB
fsr-3266	218	41	a	a	DET
fsr-3266	218	42	positive	positive	ADJ
fsr-3266	218	43	return	return	NOUN
fsr-3266	218	44	.	.	PUNCT
fsr-3266	219	1	table	table	NOUN
fsr-3266	219	2	1	1	NUM
fsr-3266	219	3	,	,	PUNCT
fsr-3266	219	4	panel	panel	NOUN
fsr-3266	219	5	c	c	PROPN
fsr-3266	219	6	reports	report	VERB
fsr-3266	219	7	the	the	DET
fsr-3266	219	8	statistics	statistic	NOUN
fsr-3266	219	9	the	the	DET
fsr-3266	219	10	vix	vix	PROPN
fsr-3266	219	11	etps	etps	NOUN
fsr-3266	219	12	in	in	ADP
fsr-3266	219	13	relation	relation	NOUN
fsr-3266	219	14	to	to	ADP
fsr-3266	219	15	the	the	DET
fsr-3266	219	16	vix	vix	PROPN
fsr-3266	219	17	index	index	NOUN
fsr-3266	219	18	on	on	ADP
fsr-3266	219	19	days	day	NOUN
fsr-3266	219	20	in	in	ADP
fsr-3266	219	21	which	which	PRON
fsr-3266	219	22	the	the	DET
fsr-3266	219	23	vix	vix	PROPN
fsr-3266	219	24	index	index	NOUN
fsr-3266	219	25	experienced	experience	VERB
fsr-3266	219	26	a	a	DET
fsr-3266	219	27	negative	negative	ADJ
fsr-3266	219	28	return	return	NOUN
fsr-3266	219	29	.	.	PUNCT
fsr-3266	220	1	these	these	DET
fsr-3266	220	2	findings	finding	NOUN
fsr-3266	220	3	are	be	AUX
fsr-3266	220	4	telling	tell	VERB
fsr-3266	220	5	and	and	CCONJ
fsr-3266	220	6	exemplify	exemplify	VERB
fsr-3266	220	7	the	the	DET
fsr-3266	220	8	issues	issue	NOUN
fsr-3266	220	9	related	relate	VERB
fsr-3266	220	10	to	to	ADP
fsr-3266	220	11	investing	invest	VERB
fsr-3266	220	12	in	in	ADP
fsr-3266	220	13	vix	vix	PROPN
fsr-3266	220	14	etps	etps	NOUN
fsr-3266	220	15	.	.	PUNCT
fsr-3266	221	1	on	on	ADP
fsr-3266	221	2	the	the	DET
fsr-3266	221	3	days	day	NOUN
fsr-3266	221	4	in	in	ADP
fsr-3266	221	5	which	which	PRON
fsr-3266	221	6	the	the	DET
fsr-3266	221	7	vix	vix	PROPN
fsr-3266	221	8	index	index	NOUN
fsr-3266	221	9	82	82	PROPN
fsr-3266	221	10	r.	r.	PROPN
fsr-3266	221	11	parker	parker	PROPN
fsr-3266	221	12	clowers	clowers	PROPN
fsr-3266	221	13	,	,	PUNCT
fsr-3266	221	14	t.l	t.l	PROPN
fsr-3266	221	15	.	.	PROPN
fsr-3266	221	16	jones	jones	PROPN
fsr-3266	221	17	/	/	SYM
fsr-3266	221	18	financial	financial	ADJ
fsr-3266	221	19	services	service	NOUN
fsr-3266	221	20	review	review	VERB
fsr-3266	221	21	25	25	NUM
fsr-3266	221	22	(	(	PUNCT
fsr-3266	221	23	2016	2016	NUM
fsr-3266	221	24	)	)	PUNCT
fsr-3266	221	25	73–85	73–85	PROPN
fsr-3266	221	26	had	have	AUX
fsr-3266	221	27	a	a	DET
fsr-3266	221	28	negative	negative	ADJ
fsr-3266	221	29	return	return	NOUN
fsr-3266	221	30	,	,	PUNCT
fsr-3266	221	31	it	it	PRON
fsr-3266	221	32	averaged	average	VERB
fsr-3266	221	33	a	a	DET
fsr-3266	221	34	daily	daily	ADJ
fsr-3266	221	35	return	return	NOUN
fsr-3266	221	36	of	of	ADP
fsr-3266	221	37	�	�	NOUN
fsr-3266	221	38	4.60	4.60	NUM
fsr-3266	221	39	%	%	NOUN
fsr-3266	221	40	.	.	PUNCT
fsr-3266	222	1	for	for	ADP
fsr-3266	222	2	the	the	DET
fsr-3266	222	3	days	day	NOUN
fsr-3266	222	4	in	in	ADP
fsr-3266	222	5	which	which	PRON
fsr-3266	222	6	the	the	DET
fsr-3266	222	7	vix	vix	PROPN
fsr-3266	222	8	index	index	NOUN
fsr-3266	222	9	had	have	VERB
fsr-3266	222	10	a	a	DET
fsr-3266	222	11	negative	negative	ADJ
fsr-3266	222	12	return	return	NOUN
fsr-3266	222	13	,	,	PUNCT
fsr-3266	222	14	only	only	ADV
fsr-3266	222	15	the	the	DET
fsr-3266	222	16	twice	twice	ADV
fsr-3266	222	17	-	-	PUNCT
fsr-3266	222	18	levered	lever	VERB
fsr-3266	222	19	etps	etps	NOUN
fsr-3266	222	20	(	(	PUNCT
fsr-3266	222	21	tvix	tvix	NOUN
fsr-3266	222	22	and	and	CCONJ
fsr-3266	222	23	uvxy	uvxy	PROPN
fsr-3266	222	24	)	)	PUNCT
fsr-3266	222	25	experienced	experience	VERB
fsr-3266	222	26	a	a	DET
fsr-3266	222	27	greater	great	ADJ
fsr-3266	222	28	downward	downward	ADJ
fsr-3266	222	29	average	average	ADJ
fsr-3266	222	30	daily	daily	ADJ
fsr-3266	222	31	return	return	NOUN
fsr-3266	222	32	than	than	ADP
fsr-3266	222	33	the	the	DET
fsr-3266	222	34	vix	vix	PROPN
fsr-3266	222	35	index	index	NOUN
fsr-3266	222	36	of	of	ADP
fsr-3266	222	37	�	�	PROPN
fsr-3266	222	38	4.81	4.81	NUM
fsr-3266	222	39	%	%	NOUN
fsr-3266	222	40	and	and	CCONJ
fsr-3266	222	41	�	�	PROPN
fsr-3266	222	42	5.32	5.32	NUM
fsr-3266	222	43	%	%	NOUN
fsr-3266	222	44	,	,	PUNCT
fsr-3266	222	45	respectively	respectively	ADV
fsr-3266	222	46	.	.	PUNCT
fsr-3266	223	1	not	not	PART
fsr-3266	223	2	surprisingly	surprisingly	ADV
fsr-3266	223	3	,	,	PUNCT
fsr-3266	223	4	during	during	ADP
fsr-3266	223	5	these	these	DET
fsr-3266	223	6	days	day	NOUN
fsr-3266	223	7	,	,	PUNCT
fsr-3266	223	8	the	the	DET
fsr-3266	223	9	inverse	inverse	NOUN
fsr-3266	223	10	etps	etps	NOUN
fsr-3266	223	11	(	(	PUNCT
fsr-3266	223	12	xiv	xiv	NOUN
fsr-3266	223	13	and	and	CCONJ
fsr-3266	223	14	svxy	svxy	NOUN
fsr-3266	223	15	)	)	PUNCT
fsr-3266	223	16	,	,	PUNCT
fsr-3266	223	17	on	on	ADP
fsr-3266	223	18	average	average	ADJ
fsr-3266	223	19	,	,	PUNCT
fsr-3266	223	20	moved	move	VERB
fsr-3266	223	21	in	in	ADP
fsr-3266	223	22	a	a	DET
fsr-3266	223	23	positive	positive	ADJ
fsr-3266	223	24	direction	direction	NOUN
fsr-3266	223	25	.	.	PUNCT
fsr-3266	224	1	however	however	ADV
fsr-3266	224	2	,	,	PUNCT
fsr-3266	224	3	there	there	PRON
fsr-3266	224	4	were	be	VERB
fsr-3266	224	5	still	still	ADV
fsr-3266	224	6	trading	trade	VERB
fsr-3266	224	7	days	day	NOUN
fsr-3266	224	8	in	in	ADP
fsr-3266	224	9	which	which	PRON
fsr-3266	224	10	the	the	DET
fsr-3266	224	11	inverse	inverse	NOUN
fsr-3266	224	12	vix	vix	PROPN
fsr-3266	224	13	etps	etps	NOUN
fsr-3266	224	14	moved	move	VERB
fsr-3266	224	15	in	in	ADP
fsr-3266	224	16	the	the	DET
fsr-3266	224	17	same	same	ADJ
fsr-3266	224	18	negative	negative	ADJ
fsr-3266	224	19	direction	direction	NOUN
fsr-3266	224	20	as	as	ADP
fsr-3266	224	21	the	the	DET
fsr-3266	224	22	vix	vix	NOUN
fsr-3266	224	23	.	.	PUNCT
fsr-3266	225	1	the	the	DET
fsr-3266	225	2	non	non	ADJ
fsr-3266	225	3	-	-	ADJ
fsr-3266	225	4	inverse	inverse	ADJ
fsr-3266	225	5	funds	fund	NOUN
fsr-3266	225	6	that	that	PRON
fsr-3266	225	7	follow	follow	VERB
fsr-3266	225	8	the	the	DET
fsr-3266	225	9	s&p	s&p	PROPN
fsr-3266	225	10	st	st	PROPN
fsr-3266	225	11	index	index	PROPN
fsr-3266	225	12	(	(	PUNCT
fsr-3266	225	13	vxx	vxx	PROPN
fsr-3266	225	14	,	,	PUNCT
fsr-3266	225	15	viix	viix	PROPN
fsr-3266	225	16	,	,	PUNCT
fsr-3266	225	17	tvix	tvix	NOUN
fsr-3266	225	18	,	,	PUNCT
fsr-3266	225	19	vixy	vixy	ADV
fsr-3266	225	20	,	,	PUNCT
fsr-3266	225	21	and	and	CCONJ
fsr-3266	225	22	uvxy	uvxy	NOUN
fsr-3266	225	23	)	)	PUNCT
fsr-3266	225	24	were	be	AUX
fsr-3266	225	25	more	more	ADV
fsr-3266	225	26	highly	highly	ADV
fsr-3266	225	27	likely	likely	ADJ
fsr-3266	225	28	to	to	PART
fsr-3266	225	29	follow	follow	VERB
fsr-3266	225	30	the	the	DET
fsr-3266	225	31	vix	vix	PROPN
fsr-3266	225	32	index	index	NOUN
fsr-3266	225	33	when	when	SCONJ
fsr-3266	225	34	it	it	PRON
fsr-3266	225	35	was	be	AUX
fsr-3266	225	36	down	down	ADV
fsr-3266	225	37	;	;	PUNCT
fsr-3266	225	38	all	all	PRON
fsr-3266	225	39	were	be	AUX
fsr-3266	225	40	down	down	ADV
fsr-3266	225	41	over	over	ADP
fsr-3266	225	42	90	90	NUM
fsr-3266	225	43	%	%	NOUN
fsr-3266	225	44	of	of	ADP
fsr-3266	225	45	the	the	DET
fsr-3266	225	46	days	day	NOUN
fsr-3266	225	47	when	when	SCONJ
fsr-3266	225	48	the	the	DET
fsr-3266	225	49	vix	vix	PROPN
fsr-3266	225	50	index	index	NOUN
fsr-3266	225	51	was	be	AUX
fsr-3266	225	52	down	down	ADV
fsr-3266	225	53	.	.	PUNCT
fsr-3266	226	1	thus	thus	ADV
fsr-3266	226	2	,	,	PUNCT
fsr-3266	226	3	panel	panel	NOUN
fsr-3266	226	4	c	c	PROPN
fsr-3266	226	5	illustrates	illustrate	VERB
fsr-3266	226	6	that	that	SCONJ
fsr-3266	226	7	while	while	SCONJ
fsr-3266	226	8	,	,	PUNCT
fsr-3266	226	9	on	on	ADP
fsr-3266	226	10	average	average	ADJ
fsr-3266	226	11	,	,	PUNCT
fsr-3266	226	12	many	many	ADJ
fsr-3266	226	13	of	of	ADP
fsr-3266	226	14	these	these	DET
fsr-3266	226	15	funds	fund	NOUN
fsr-3266	226	16	did	do	AUX
fsr-3266	226	17	not	not	PART
fsr-3266	226	18	post	post	VERB
fsr-3266	226	19	as	as	ADV
fsr-3266	226	20	large	large	ADJ
fsr-3266	226	21	of	of	ADP
fsr-3266	226	22	a	a	DET
fsr-3266	226	23	negative	negative	ADJ
fsr-3266	226	24	return	return	NOUN
fsr-3266	226	25	as	as	ADP
fsr-3266	226	26	the	the	DET
fsr-3266	226	27	vix	vix	PROPN
fsr-3266	226	28	index	index	NOUN
fsr-3266	226	29	,	,	PUNCT
fsr-3266	226	30	when	when	SCONJ
fsr-3266	226	31	coupled	couple	VERB
fsr-3266	226	32	with	with	ADP
fsr-3266	226	33	the	the	DET
fsr-3266	226	34	negative	negative	ADJ
fsr-3266	226	35	average	average	ADJ
fsr-3266	226	36	daily	daily	ADJ
fsr-3266	226	37	returns	return	NOUN
fsr-3266	226	38	of	of	ADP
fsr-3266	226	39	these	these	DET
fsr-3266	226	40	etps	etps	NOUN
fsr-3266	226	41	when	when	SCONJ
fsr-3266	226	42	the	the	DET
fsr-3266	226	43	index	index	NOUN
fsr-3266	226	44	went	go	VERB
fsr-3266	226	45	up	up	ADP
fsr-3266	226	46	,	,	PUNCT
fsr-3266	226	47	the	the	DET
fsr-3266	226	48	overall	overall	ADJ
fsr-3266	226	49	performance	performance	NOUN
fsr-3266	226	50	was	be	AUX
fsr-3266	226	51	much	much	ADV
fsr-3266	226	52	worse	bad	ADJ
fsr-3266	226	53	than	than	ADP
fsr-3266	226	54	that	that	PRON
fsr-3266	226	55	of	of	ADP
fsr-3266	226	56	the	the	DET
fsr-3266	226	57	index	index	NOUN
fsr-3266	226	58	.	.	PUNCT
fsr-3266	227	1	this	this	DET
fsr-3266	227	2	result	result	NOUN
fsr-3266	227	3	is	be	AUX
fsr-3266	227	4	also	also	ADV
fsr-3266	227	5	shown	show	VERB
fsr-3266	227	6	in	in	ADP
fsr-3266	227	7	figs	fig	NOUN
fsr-3266	227	8	.	.	PUNCT
fsr-3266	228	1	1	1	NUM
fsr-3266	228	2	and	and	CCONJ
fsr-3266	228	3	3	3	NUM
fsr-3266	228	4	(	(	PUNCT
fsr-3266	228	5	excluding	exclude	VERB
fsr-3266	228	6	the	the	DET
fsr-3266	228	7	inverse	inverse	NOUN
fsr-3266	228	8	funds	fund	NOUN
fsr-3266	228	9	)	)	PUNCT
fsr-3266	228	10	.	.	PUNCT
fsr-3266	229	1	analyzing	analyze	VERB
fsr-3266	229	2	the	the	DET
fsr-3266	229	3	returns	return	NOUN
fsr-3266	229	4	in	in	ADP
fsr-3266	229	5	the	the	DET
fsr-3266	229	6	vix	vix	NOUN
fsr-3266	229	7	-	-	PUNCT
fsr-3266	229	8	based	base	VERB
fsr-3266	229	9	etps	etps	NOUN
fsr-3266	229	10	versus	versus	ADP
fsr-3266	229	11	the	the	DET
fsr-3266	229	12	returns	return	NOUN
fsr-3266	229	13	in	in	ADP
fsr-3266	229	14	the	the	DET
fsr-3266	229	15	vix	vix	PROPN
fsr-3266	229	16	index	index	NOUN
fsr-3266	229	17	is	be	AUX
fsr-3266	229	18	noteworthy	noteworthy	ADJ
fsr-3266	229	19	.	.	PUNCT
fsr-3266	230	1	one	one	PRON
fsr-3266	230	2	might	might	AUX
fsr-3266	230	3	expect	expect	VERB
fsr-3266	230	4	these	these	DET
fsr-3266	230	5	vix	vix	NOUN
fsr-3266	230	6	-	-	PUNCT
fsr-3266	230	7	based	base	VERB
fsr-3266	230	8	etps	etps	NOUN
fsr-3266	230	9	to	to	PART
fsr-3266	230	10	act	act	VERB
fsr-3266	230	11	as	as	ADP
fsr-3266	230	12	fair	fair	ADJ
fsr-3266	230	13	substitutes	substitute	NOUN
fsr-3266	230	14	for	for	ADP
fsr-3266	230	15	investing	invest	VERB
fsr-3266	230	16	in	in	ADP
fsr-3266	230	17	the	the	DET
fsr-3266	230	18	vix	vix	PROPN
fsr-3266	230	19	index	index	NOUN
fsr-3266	230	20	,	,	PUNCT
fsr-3266	230	21	but	but	CCONJ
fsr-3266	230	22	,	,	PUNCT
fsr-3266	230	23	as	as	SCONJ
fsr-3266	230	24	noted	note	VERB
fsr-3266	230	25	above	above	ADV
fsr-3266	230	26	,	,	PUNCT
fsr-3266	230	27	these	these	DET
fsr-3266	230	28	funds	fund	NOUN
fsr-3266	230	29	do	do	AUX
fsr-3266	230	30	not	not	PART
fsr-3266	230	31	accurately	accurately	ADV
fsr-3266	230	32	track	track	VERB
fsr-3266	230	33	the	the	DET
fsr-3266	230	34	vix	vix	PROPN
fsr-3266	230	35	index	index	NOUN
fsr-3266	230	36	over	over	ADP
fsr-3266	230	37	time	time	NOUN
fsr-3266	230	38	.	.	PUNCT
fsr-3266	231	1	even	even	ADV
fsr-3266	231	2	though	though	SCONJ
fsr-3266	231	3	these	these	DET
fsr-3266	231	4	investments	investment	NOUN
fsr-3266	231	5	do	do	AUX
fsr-3266	231	6	not	not	PART
fsr-3266	231	7	track	track	VERB
fsr-3266	231	8	the	the	DET
fsr-3266	231	9	vix	vix	PROPN
fsr-3266	231	10	index	index	NOUN
fsr-3266	231	11	well	well	ADV
fsr-3266	231	12	over	over	ADP
fsr-3266	231	13	time	time	NOUN
fsr-3266	231	14	,	,	PUNCT
fsr-3266	231	15	they	they	PRON
fsr-3266	231	16	still	still	ADV
fsr-3266	231	17	generally	generally	ADV
fsr-3266	231	18	move	move	VERB
fsr-3266	231	19	with	with	ADP
fsr-3266	231	20	volatility	volatility	NOUN
fsr-3266	231	21	(	(	PUNCT
fsr-3266	231	22	but	but	CCONJ
fsr-3266	231	23	are	be	AUX
fsr-3266	231	24	more	more	ADV
fsr-3266	231	25	correlated	correlate	VERB
fsr-3266	231	26	with	with	ADP
fsr-3266	231	27	the	the	DET
fsr-3266	231	28	appropriate	appropriate	ADJ
fsr-3266	231	29	s&p	s&p	PROPN
fsr-3266	231	30	500	500	NUM
fsr-3266	231	31	vix	vix	PROPN
fsr-3266	231	32	futures	future	NOUN
fsr-3266	231	33	index	index	PROPN
fsr-3266	231	34	)	)	PUNCT
fsr-3266	231	35	.	.	PUNCT
fsr-3266	232	1	thus	thus	ADV
fsr-3266	232	2	,	,	PUNCT
fsr-3266	232	3	investors	investor	NOUN
fsr-3266	232	4	can	can	AUX
fsr-3266	232	5	use	use	VERB
fsr-3266	232	6	these	these	DET
fsr-3266	232	7	etps	etps	NOUN
fsr-3266	232	8	to	to	PART
fsr-3266	232	9	benefit	benefit	VERB
fsr-3266	232	10	from	from	ADP
fsr-3266	232	11	changes	change	NOUN
fsr-3266	232	12	in	in	ADP
fsr-3266	232	13	volatility	volatility	NOUN
fsr-3266	232	14	but	but	CCONJ
fsr-3266	232	15	should	should	AUX
fsr-3266	232	16	only	only	ADV
fsr-3266	232	17	invest	invest	VERB
fsr-3266	232	18	for	for	ADP
fsr-3266	232	19	a	a	DET
fsr-3266	232	20	short	short	ADJ
fsr-3266	232	21	period	period	NOUN
fsr-3266	232	22	.	.	PUNCT
fsr-3266	233	1	because	because	SCONJ
fsr-3266	233	2	these	these	DET
fsr-3266	233	3	funds	fund	NOUN
fsr-3266	233	4	are	be	AUX
fsr-3266	233	5	not	not	PART
fsr-3266	233	6	prudent	prudent	ADJ
fsr-3266	233	7	for	for	ADP
fsr-3266	233	8	a	a	DET
fsr-3266	233	9	buy	buy	VERB
fsr-3266	233	10	-	-	PUNCT
fsr-3266	233	11	and	and	CCONJ
fsr-3266	233	12	-	-	PUNCT
fsr-3266	233	13	hold	hold	VERB
fsr-3266	233	14	strategy	strategy	NOUN
fsr-3266	233	15	,	,	PUNCT
fsr-3266	233	16	timing	timing	NOUN
fsr-3266	233	17	in	in	ADP
fsr-3266	233	18	these	these	DET
fsr-3266	233	19	investments	investment	NOUN
fsr-3266	233	20	is	be	AUX
fsr-3266	233	21	critical	critical	ADJ
fsr-3266	233	22	.	.	PUNCT
fsr-3266	234	1	investors	investor	NOUN
fsr-3266	234	2	must	must	AUX
fsr-3266	234	3	consider	consider	VERB
fsr-3266	234	4	the	the	DET
fsr-3266	234	5	benefits	benefit	NOUN
fsr-3266	234	6	,	,	PUNCT
fsr-3266	234	7	costs	cost	NOUN
fsr-3266	234	8	,	,	PUNCT
fsr-3266	234	9	and	and	CCONJ
fsr-3266	234	10	challenges	challenge	NOUN
fsr-3266	234	11	of	of	ADP
fsr-3266	234	12	investing	invest	VERB
fsr-3266	234	13	in	in	ADP
fsr-3266	234	14	vix	vix	PROPN
fsr-3266	234	15	etps	etps	NOUN
fsr-3266	234	16	and	and	CCONJ
fsr-3266	234	17	must	must	AUX
fsr-3266	234	18	also	also	ADV
fsr-3266	234	19	realize	realize	VERB
fsr-3266	234	20	that	that	SCONJ
fsr-3266	234	21	the	the	DET
fsr-3266	234	22	vix	vix	PROPN
fsr-3266	234	23	etps	etps	NOUN
fsr-3266	234	24	do	do	AUX
fsr-3266	234	25	not	not	PART
fsr-3266	234	26	always	always	ADV
fsr-3266	234	27	move	move	VERB
fsr-3266	234	28	in	in	ADP
fsr-3266	234	29	the	the	DET
fsr-3266	234	30	same	same	ADJ
fsr-3266	234	31	direction	direction	NOUN
fsr-3266	234	32	as	as	ADP
fsr-3266	234	33	the	the	DET
fsr-3266	234	34	vix	vix	NOUN
fsr-3266	234	35	.	.	PUNCT
fsr-3266	235	1	6	6	NUM
fsr-3266	235	2	.	.	PUNCT
fsr-3266	235	3	conclusions	conclusion	NOUN
fsr-3266	235	4	this	this	DET
fsr-3266	235	5	article	article	NOUN
fsr-3266	235	6	examines	examine	VERB
fsr-3266	235	7	eight	eight	NUM
fsr-3266	235	8	vix	vix	NOUN
fsr-3266	235	9	-	-	PUNCT
fsr-3266	235	10	based	base	VERB
fsr-3266	235	11	etps	etps	NOUN
fsr-3266	235	12	that	that	PRON
fsr-3266	235	13	include	include	VERB
fsr-3266	235	14	exchange	exchange	NOUN
fsr-3266	235	15	traded	trade	VERB
fsr-3266	235	16	notes	note	NOUN
fsr-3266	235	17	etns	etns	VERB
fsr-3266	235	18	and	and	CCONJ
fsr-3266	235	19	etfs	etfs	PROPN
fsr-3266	235	20	and	and	CCONJ
fsr-3266	235	21	compares	compare	VERB
fsr-3266	235	22	the	the	DET
fsr-3266	235	23	performance	performance	NOUN
fsr-3266	235	24	and	and	CCONJ
fsr-3266	235	25	returns	return	NOUN
fsr-3266	235	26	of	of	ADP
fsr-3266	235	27	these	these	DET
fsr-3266	235	28	investment	investment	NOUN
fsr-3266	235	29	vehicles	vehicle	NOUN
fsr-3266	235	30	to	to	ADP
fsr-3266	235	31	that	that	PRON
fsr-3266	235	32	of	of	ADP
fsr-3266	235	33	the	the	DET
fsr-3266	235	34	vix	vix	PROPN
fsr-3266	235	35	index	index	NOUN
fsr-3266	235	36	.	.	PUNCT
fsr-3266	236	1	many	many	ADJ
fsr-3266	236	2	investors	investor	NOUN
fsr-3266	236	3	may	may	AUX
fsr-3266	236	4	expect	expect	VERB
fsr-3266	236	5	these	these	DET
fsr-3266	236	6	etps	etps	NOUN
fsr-3266	236	7	to	to	PART
fsr-3266	236	8	track	track	VERB
fsr-3266	236	9	the	the	DET
fsr-3266	236	10	vix	vix	PROPN
fsr-3266	236	11	index	index	NOUN
fsr-3266	236	12	,	,	PUNCT
fsr-3266	236	13	which	which	PRON
fsr-3266	236	14	this	this	DET
fsr-3266	236	15	article	article	NOUN
fsr-3266	236	16	shows	show	VERB
fsr-3266	236	17	that	that	SCONJ
fsr-3266	236	18	they	they	PRON
fsr-3266	236	19	do	do	VERB
fsr-3266	236	20	not	not	PART
fsr-3266	236	21	.	.	PUNCT
fsr-3266	237	1	in	in	ADP
fsr-3266	237	2	addition	addition	NOUN
fsr-3266	237	3	,	,	PUNCT
fsr-3266	237	4	many	many	ADJ
fsr-3266	237	5	investors	investor	NOUN
fsr-3266	237	6	may	may	AUX
fsr-3266	237	7	expect	expect	VERB
fsr-3266	237	8	that	that	SCONJ
fsr-3266	237	9	these	these	DET
fsr-3266	237	10	funds	fund	NOUN
fsr-3266	237	11	are	be	AUX
fsr-3266	237	12	designed	design	VERB
fsr-3266	237	13	to	to	PART
fsr-3266	237	14	replicate	replicate	VERB
fsr-3266	237	15	the	the	DET
fsr-3266	237	16	returns	return	NOUN
fsr-3266	237	17	of	of	ADP
fsr-3266	237	18	the	the	DET
fsr-3266	237	19	vix	vix	PROPN
fsr-3266	237	20	index	index	NOUN
fsr-3266	237	21	,	,	PUNCT
fsr-3266	237	22	which	which	PRON
fsr-3266	237	23	they	they	PRON
fsr-3266	237	24	are	be	AUX
fsr-3266	237	25	not	not	PART
fsr-3266	237	26	.	.	PUNCT
fsr-3266	238	1	these	these	DET
fsr-3266	238	2	funds	fund	NOUN
fsr-3266	238	3	are	be	AUX
fsr-3266	238	4	structured	structure	VERB
fsr-3266	238	5	to	to	PART
fsr-3266	238	6	replicate	replicate	VERB
fsr-3266	238	7	the	the	DET
fsr-3266	238	8	performance	performance	NOUN
fsr-3266	238	9	of	of	ADP
fsr-3266	238	10	any	any	DET
fsr-3266	238	11	number	number	NOUN
fsr-3266	238	12	of	of	ADP
fsr-3266	238	13	indexes	index	NOUN
fsr-3266	238	14	comprised	comprise	VERB
fsr-3266	238	15	of	of	ADP
fsr-3266	238	16	vix	vix	PROPN
fsr-3266	238	17	futures	future	NOUN
fsr-3266	238	18	.	.	PUNCT
fsr-3266	239	1	this	this	DET
fsr-3266	239	2	article	article	NOUN
fsr-3266	239	3	looks	look	VERB
fsr-3266	239	4	at	at	ADP
fsr-3266	239	5	etps	etps	NOUN
fsr-3266	239	6	designed	design	VERB
fsr-3266	239	7	to	to	PART
fsr-3266	239	8	replicate	replicate	VERB
fsr-3266	239	9	the	the	DET
fsr-3266	239	10	performance	performance	NOUN
fsr-3266	239	11	of	of	ADP
fsr-3266	239	12	two	two	NUM
fsr-3266	239	13	different	different	ADJ
fsr-3266	239	14	indexes	index	NOUN
fsr-3266	239	15	,	,	PUNCT
fsr-3266	239	16	the	the	DET
fsr-3266	239	17	s&p	s&p	PROPN
fsr-3266	239	18	500	500	NUM
fsr-3266	239	19	vix	vix	PROPN
fsr-3266	239	20	short	short	ADJ
fsr-3266	239	21	-	-	PUNCT
fsr-3266	239	22	term	term	NOUN
fsr-3266	239	23	futures	future	NOUN
fsr-3266	239	24	index	index	NOUN
fsr-3266	239	25	and	and	CCONJ
fsr-3266	239	26	the	the	DET
fsr-3266	239	27	s&p	s&p	PROPN
fsr-3266	239	28	500	500	NUM
fsr-3266	239	29	vix	vix	PROPN
fsr-3266	239	30	midterm	midterm	NOUN
fsr-3266	239	31	futures	future	NOUN
fsr-3266	239	32	index	index	NOUN
fsr-3266	239	33	.	.	PUNCT
fsr-3266	240	1	in	in	ADP
fsr-3266	240	2	addition	addition	NOUN
fsr-3266	240	3	,	,	PUNCT
fsr-3266	240	4	etps	etps	VERB
fsr-3266	240	5	that	that	PRON
fsr-3266	240	6	track	track	VERB
fsr-3266	240	7	the	the	DET
fsr-3266	240	8	inverse	inverse	NOUN
fsr-3266	240	9	and	and	CCONJ
fsr-3266	240	10	twice	twice	DET
fsr-3266	240	11	the	the	DET
fsr-3266	240	12	performance	performance	NOUN
fsr-3266	240	13	of	of	ADP
fsr-3266	240	14	the	the	DET
fsr-3266	240	15	s&p	s&p	PROPN
fsr-3266	240	16	500	500	NUM
fsr-3266	240	17	vix	vix	PROPN
fsr-3266	240	18	short	short	ADJ
fsr-3266	240	19	-	-	PUNCT
fsr-3266	240	20	term	term	NOUN
fsr-3266	240	21	futures	future	NOUN
fsr-3266	240	22	index	index	NOUN
fsr-3266	240	23	are	be	AUX
fsr-3266	240	24	examined	examine	VERB
fsr-3266	240	25	.	.	PUNCT
fsr-3266	241	1	the	the	DET
fsr-3266	241	2	results	result	NOUN
fsr-3266	241	3	of	of	ADP
fsr-3266	241	4	this	this	DET
fsr-3266	241	5	analysis	analysis	NOUN
fsr-3266	241	6	are	be	AUX
fsr-3266	241	7	crucial	crucial	ADJ
fsr-3266	241	8	for	for	ADP
fsr-3266	241	9	individual	individual	ADJ
fsr-3266	241	10	investors	investor	NOUN
fsr-3266	241	11	looking	look	VERB
fsr-3266	241	12	to	to	PART
fsr-3266	241	13	invest	invest	VERB
fsr-3266	241	14	in	in	ADP
fsr-3266	241	15	vix	vix	NOUN
fsr-3266	241	16	-	-	PUNCT
fsr-3266	241	17	based	base	VERB
fsr-3266	241	18	etps	etps	NOUN
fsr-3266	241	19	(	(	PUNCT
fsr-3266	241	20	or	or	CCONJ
fsr-3266	241	21	any	any	DET
fsr-3266	241	22	other	other	ADJ
fsr-3266	241	23	vix	vix	NOUN
fsr-3266	241	24	-	-	PUNCT
fsr-3266	241	25	based	base	VERB
fsr-3266	241	26	products	product	NOUN
fsr-3266	241	27	)	)	PUNCT
fsr-3266	241	28	.	.	PUNCT
fsr-3266	242	1	investors	investor	NOUN
fsr-3266	242	2	should	should	AUX
fsr-3266	242	3	realize	realize	VERB
fsr-3266	242	4	that	that	SCONJ
fsr-3266	242	5	the	the	DET
fsr-3266	242	6	returns	return	NOUN
fsr-3266	242	7	of	of	ADP
fsr-3266	242	8	etps	etps	NOUN
fsr-3266	242	9	,	,	PUNCT
fsr-3266	242	10	while	while	SCONJ
fsr-3266	242	11	providing	provide	VERB
fsr-3266	242	12	exposure	exposure	NOUN
fsr-3266	242	13	to	to	ADP
fsr-3266	242	14	volatility	volatility	NOUN
fsr-3266	242	15	,	,	PUNCT
fsr-3266	242	16	do	do	AUX
fsr-3266	242	17	not	not	PART
fsr-3266	242	18	track	track	VERB
fsr-3266	242	19	the	the	DET
fsr-3266	242	20	vix	vix	PROPN
fsr-3266	242	21	index	index	NOUN
fsr-3266	242	22	and	and	CCONJ
fsr-3266	242	23	are	be	AUX
fsr-3266	242	24	exposed	expose	VERB
fsr-3266	242	25	to	to	ADP
fsr-3266	242	26	a	a	DET
fsr-3266	242	27	decline	decline	NOUN
fsr-3266	242	28	in	in	ADP
fsr-3266	242	29	value	value	NOUN
fsr-3266	242	30	,	,	PUNCT
fsr-3266	242	31	because	because	SCONJ
fsr-3266	242	32	of	of	ADP
fsr-3266	242	33	the	the	DET
fsr-3266	242	34	large	large	ADJ
fsr-3266	242	35	degree	degree	NOUN
fsr-3266	242	36	of	of	ADP
fsr-3266	242	37	contango	contango	NOUN
fsr-3266	242	38	priced	price	VERB
fsr-3266	242	39	into	into	ADP
fsr-3266	242	40	the	the	DET
fsr-3266	242	41	vix	vix	PROPN
fsr-3266	242	42	futures	future	NOUN
fsr-3266	242	43	contracts	contract	NOUN
fsr-3266	242	44	used	use	VERB
fsr-3266	242	45	by	by	ADP
fsr-3266	242	46	these	these	DET
fsr-3266	242	47	funds	fund	NOUN
fsr-3266	242	48	.	.	PUNCT
fsr-3266	243	1	thus	thus	ADV
fsr-3266	243	2	,	,	PUNCT
fsr-3266	243	3	vix	vix	PROPN
fsr-3266	243	4	etps	etps	NOUN
fsr-3266	243	5	are	be	AUX
fsr-3266	243	6	not	not	PART
fsr-3266	243	7	generally	generally	ADV
fsr-3266	243	8	suitable	suitable	ADJ
fsr-3266	243	9	for	for	ADP
fsr-3266	243	10	a	a	DET
fsr-3266	243	11	buy	buy	VERB
fsr-3266	243	12	-	-	PUNCT
fsr-3266	243	13	and	and	CCONJ
fsr-3266	243	14	-	-	PUNCT
fsr-3266	243	15	hold	hold	VERB
fsr-3266	243	16	investment	investment	NOUN
fsr-3266	243	17	,	,	PUNCT
fsr-3266	243	18	but	but	CCONJ
fsr-3266	243	19	may	may	AUX
fsr-3266	243	20	provide	provide	VERB
fsr-3266	243	21	return	return	NOUN
fsr-3266	243	22	enhancement	enhancement	NOUN
fsr-3266	243	23	,	,	PUNCT
fsr-3266	243	24	if	if	SCONJ
fsr-3266	243	25	used	use	VERB
fsr-3266	243	26	judiciously	judiciously	ADV
fsr-3266	243	27	and	and	CCONJ
fsr-3266	243	28	carefully	carefully	ADV
fsr-3266	243	29	monitored	monitor	VERB
fsr-3266	243	30	in	in	ADP
fsr-3266	243	31	a	a	DET
fsr-3266	243	32	portfolio	portfolio	NOUN
fsr-3266	243	33	.	.	PUNCT
fsr-3266	244	1	as	as	SCONJ
fsr-3266	244	2	noted	note	VERB
fsr-3266	244	3	by	by	ADP
fsr-3266	244	4	dilellio	dilellio	PROPN
fsr-3266	244	5	et	et	PROPN
fsr-3266	244	6	al	al	PROPN
fsr-3266	244	7	.	.	PROPN
fsr-3266	245	1	(	(	PUNCT
fsr-3266	245	2	2014	2014	NUM
fsr-3266	245	3	)	)	PUNCT
fsr-3266	245	4	,	,	PUNCT
fsr-3266	245	5	using	use	VERB
fsr-3266	245	6	inverse	inverse	NOUN
fsr-3266	245	7	and	and	CCONJ
fsr-3266	245	8	leveraged	leveraged	ADJ
fsr-3266	245	9	etfs	etfs	NOUN
fsr-3266	245	10	must	must	AUX
fsr-3266	245	11	be	be	AUX
fsr-3266	245	12	83r	83r	NUM
fsr-3266	245	13	.	.	PUNCT
fsr-3266	246	1	parker	parker	PROPN
fsr-3266	246	2	clowers	clowers	PROPN
fsr-3266	246	3	,	,	PUNCT
fsr-3266	246	4	t.l	t.l	PROPN
fsr-3266	246	5	.	.	PROPN
fsr-3266	246	6	jones	jones	PROPN
fsr-3266	246	7	/	/	SYM
fsr-3266	246	8	financial	financial	ADJ
fsr-3266	246	9	services	service	NOUN
fsr-3266	246	10	review	review	VERB
fsr-3266	246	11	25	25	NUM
fsr-3266	246	12	(	(	PUNCT
fsr-3266	246	13	2016	2016	NUM
fsr-3266	246	14	)	)	PUNCT
fsr-3266	246	15	73–85	73–85	NUM
fsr-3266	246	16	considered	consider	VERB
fsr-3266	246	17	under	under	ADP
fsr-3266	246	18	the	the	DET
fsr-3266	246	19	appropriate	appropriate	ADJ
fsr-3266	246	20	risk	risk	NOUN
fsr-3266	246	21	-	-	PUNCT
fsr-3266	246	22	return	return	NOUN
fsr-3266	246	23	tradeoff	tradeoff	NOUN
fsr-3266	246	24	.	.	PUNCT
fsr-3266	247	1	using	use	VERB
fsr-3266	247	2	the	the	DET
fsr-3266	247	3	same	same	ADJ
fsr-3266	247	4	assessment	assessment	NOUN
fsr-3266	247	5	,	,	PUNCT
fsr-3266	247	6	financial	financial	ADJ
fsr-3266	247	7	planners	planner	NOUN
fsr-3266	247	8	and	and	CCONJ
fsr-3266	247	9	individual	individual	ADJ
fsr-3266	247	10	investors	investor	NOUN
fsr-3266	247	11	may	may	AUX
fsr-3266	247	12	chose	chose	VERB
fsr-3266	247	13	to	to	PART
fsr-3266	247	14	use	use	VERB
fsr-3266	247	15	vix	vix	NOUN
fsr-3266	247	16	-	-	PUNCT
fsr-3266	247	17	based	base	VERB
fsr-3266	247	18	etfs	etfs	NOUN
fsr-3266	247	19	for	for	ADP
fsr-3266	247	20	return	return	NOUN
fsr-3266	247	21	enhancement	enhancement	NOUN
fsr-3266	247	22	,	,	PUNCT
fsr-3266	247	23	but	but	CCONJ
fsr-3266	247	24	each	each	PRON
fsr-3266	247	25	must	must	AUX
fsr-3266	247	26	assess	assess	VERB
fsr-3266	247	27	the	the	DET
fsr-3266	247	28	risk	risk	NOUN
fsr-3266	247	29	and	and	CCONJ
fsr-3266	247	30	return	return	VERB
fsr-3266	247	31	benefits	benefit	NOUN
fsr-3266	247	32	of	of	ADP
fsr-3266	247	33	these	these	DET
fsr-3266	247	34	products	product	NOUN
fsr-3266	247	35	.	.	PUNCT
fsr-3266	248	1	vix	vix	NOUN
fsr-3266	248	2	-	-	PUNCT
fsr-3266	248	3	based	base	VERB
fsr-3266	248	4	investment	investment	NOUN
fsr-3266	248	5	products	product	NOUN
fsr-3266	248	6	are	be	AUX
fsr-3266	248	7	still	still	ADV
fsr-3266	248	8	relatively	relatively	ADV
fsr-3266	248	9	in	in	ADP
fsr-3266	248	10	their	their	PRON
fsr-3266	248	11	infancy	infancy	NOUN
fsr-3266	248	12	,	,	PUNCT
fsr-3266	248	13	especially	especially	ADV
fsr-3266	248	14	etps	etps	ADJ
fsr-3266	248	15	,	,	PUNCT
fsr-3266	248	16	and	and	CCONJ
fsr-3266	248	17	research	research	NOUN
fsr-3266	248	18	into	into	ADP
fsr-3266	248	19	these	these	DET
fsr-3266	248	20	products	product	NOUN
fsr-3266	248	21	is	be	AUX
fsr-3266	248	22	just	just	ADV
fsr-3266	248	23	beginning	begin	VERB
fsr-3266	248	24	.	.	PUNCT
fsr-3266	249	1	there	there	PRON
fsr-3266	249	2	are	be	VERB
fsr-3266	249	3	a	a	DET
fsr-3266	249	4	number	number	NOUN
fsr-3266	249	5	of	of	ADP
fsr-3266	249	6	questions	question	NOUN
fsr-3266	249	7	that	that	PRON
fsr-3266	249	8	can	can	AUX
fsr-3266	249	9	be	be	AUX
fsr-3266	249	10	examined	examine	VERB
fsr-3266	249	11	within	within	ADP
fsr-3266	249	12	the	the	DET
fsr-3266	249	13	vix	vix	NOUN
fsr-3266	249	14	-	-	PUNCT
fsr-3266	249	15	based	base	VERB
fsr-3266	249	16	investments	investment	NOUN
fsr-3266	249	17	space	space	NOUN
fsr-3266	249	18	.	.	PUNCT
fsr-3266	250	1	this	this	DET
fsr-3266	250	2	article	article	NOUN
fsr-3266	250	3	adds	add	VERB
fsr-3266	250	4	to	to	ADP
fsr-3266	250	5	that	that	DET
fsr-3266	250	6	literature	literature	NOUN
fsr-3266	250	7	and	and	CCONJ
fsr-3266	250	8	provides	provide	VERB
fsr-3266	250	9	a	a	DET
fsr-3266	250	10	general	general	ADJ
fsr-3266	250	11	overview	overview	NOUN
fsr-3266	250	12	and	and	CCONJ
fsr-3266	250	13	caveat	caveat	NOUN
fsr-3266	250	14	to	to	ADP
fsr-3266	250	15	individual	individual	ADJ
fsr-3266	250	16	investors	investor	NOUN
fsr-3266	250	17	of	of	ADP
fsr-3266	250	18	how	how	SCONJ
fsr-3266	250	19	vix	vix	PROPN
fsr-3266	250	20	etps	etps	NOUN
fsr-3266	250	21	behave	behave	VERB
fsr-3266	250	22	and	and	CCONJ
fsr-3266	250	23	some	some	PRON
fsr-3266	250	24	of	of	ADP
fsr-3266	250	25	the	the	DET
fsr-3266	250	26	factors	factor	NOUN
fsr-3266	250	27	that	that	PRON
fsr-3266	250	28	must	must	AUX
fsr-3266	250	29	be	be	AUX
fsr-3266	250	30	considered	consider	VERB
fsr-3266	250	31	before	before	ADP
fsr-3266	250	32	investing	invest	VERB
fsr-3266	250	33	in	in	ADP
fsr-3266	250	34	these	these	DET
fsr-3266	250	35	products	product	NOUN
fsr-3266	250	36	.	.	PUNCT
fsr-3266	251	1	there	there	PRON
fsr-3266	251	2	is	be	VERB
fsr-3266	251	3	much	much	ADV
fsr-3266	251	4	more	more	ADJ
fsr-3266	251	5	research	research	NOUN
fsr-3266	251	6	to	to	PART
fsr-3266	251	7	be	be	AUX
fsr-3266	251	8	done	do	VERB
fsr-3266	251	9	in	in	ADP
fsr-3266	251	10	this	this	DET
fsr-3266	251	11	area	area	NOUN
fsr-3266	251	12	and	and	CCONJ
fsr-3266	251	13	many	many	ADJ
fsr-3266	251	14	more	more	ADJ
fsr-3266	251	15	ways	way	NOUN
fsr-3266	251	16	to	to	PART
fsr-3266	251	17	examine	examine	VERB
fsr-3266	251	18	using	use	VERB
fsr-3266	251	19	these	these	DET
fsr-3266	251	20	types	type	NOUN
fsr-3266	251	21	of	of	ADP
fsr-3266	251	22	products	product	NOUN
fsr-3266	251	23	within	within	ADP
fsr-3266	251	24	an	an	DET
fsr-3266	251	25	investment	investment	NOUN
fsr-3266	251	26	strategy	strategy	NOUN
fsr-3266	251	27	,	,	PUNCT
fsr-3266	251	28	just	just	ADV
fsr-3266	251	29	not	not	PART
fsr-3266	251	30	from	from	ADP
fsr-3266	251	31	a	a	DET
fsr-3266	251	32	buy	buy	VERB
fsr-3266	251	33	-	-	PUNCT
fsr-3266	251	34	and	and	CCONJ
fsr-3266	251	35	-	-	PUNCT
fsr-3266	251	36	hold	hold	VERB
fsr-3266	251	37	perspective	perspective	NOUN
fsr-3266	251	38	.	.	PUNCT
fsr-3266	252	1	references	reference	NOUN
fsr-3266	252	2	barclays	barclay	NOUN
fsr-3266	252	3	.	.	PUNCT
fsr-3266	253	1	(	(	PUNCT
fsr-3266	253	2	2015	2015	NUM
fsr-3266	253	3	)	)	PUNCT
fsr-3266	253	4	.	.	PUNCT
fsr-3266	254	1	pricing	pricing	NOUN
fsr-3266	254	2	supplement	supplement	NOUN
fsr-3266	254	3	to	to	ADP
fsr-3266	254	4	the	the	DET
fsr-3266	254	5	prospectus	prospectus	NOUN
fsr-3266	254	6	and	and	CCONJ
fsr-3266	254	7	the	the	DET
fsr-3266	254	8	prospectus	prospectus	NOUN
fsr-3266	254	9	supplement	supplement	NOUN
fsr-3266	254	10	for	for	ADP
fsr-3266	254	11	ipath	ipath	PROPN
fsr-3266	254	12	s&p	s&p	PROPN
fsr-3266	254	13	500	500	NUM
fsr-3266	254	14	short	short	ADJ
fsr-3266	254	15	-	-	PUNCT
fsr-3266	254	16	term	term	NOUN
fsr-3266	254	17	and	and	CCONJ
fsr-3266	254	18	mid	mid	ADJ
fsr-3266	254	19	-	-	ADJ
fsr-3266	254	20	term	term	NOUN
fsr-3266	254	21	futures	future	NOUN
fsr-3266	254	22	etn	etn	PROPN
fsr-3266	254	23	.	.	PUNCT
fsr-3266	255	1	barclays	barclays	PROPN
fsr-3266	255	2	ipath	ipath	NOUN
fsr-3266	255	3	(	(	PUNCT
fsr-3266	255	4	available	available	ADJ
fsr-3266	255	5	from	from	ADP
fsr-3266	255	6	http://www.ipathetn.com/us/16/en/	http://www.ipathetn.com/us/16/en/	NOUN
fsr-3266	255	7	contentstore.app?id�5149530	contentstore.app?id�5149530	PROPN
fsr-3266	255	8	)	)	PUNCT
fsr-3266	255	9	.	.	PUNCT
fsr-3266	256	1	boscaljon	boscaljon	NOUN
fsr-3266	256	2	,	,	PUNCT
fsr-3266	256	3	b.	b.	PROPN
fsr-3266	256	4	,	,	PUNCT
fsr-3266	256	5	filbeck	filbeck	NOUN
fsr-3266	256	6	,	,	PUNCT
fsr-3266	256	7	g.	g.	PROPN
fsr-3266	256	8	,	,	PUNCT
fsr-3266	256	9	&	&	CCONJ
fsr-3266	256	10	zhao	zhao	PROPN
fsr-3266	256	11	,	,	PUNCT
fsr-3266	256	12	xin	xin	PROPN
fsr-3266	256	13	.	.	PUNCT
fsr-3266	257	1	(	(	PUNCT
fsr-3266	257	2	2011	2011	NUM
fsr-3266	257	3	)	)	PUNCT
fsr-3266	257	4	.	.	PUNCT
fsr-3266	258	1	market	market	NOUN
fsr-3266	258	2	timing	timing	NOUN
fsr-3266	258	3	using	use	VERB
fsr-3266	258	4	the	the	DET
fsr-3266	258	5	vix	vix	NOUN
fsr-3266	258	6	for	for	ADP
fsr-3266	258	7	style	style	NOUN
fsr-3266	258	8	rotation	rotation	NOUN
fsr-3266	258	9	.	.	PUNCT
fsr-3266	259	1	financial	financial	ADJ
fsr-3266	259	2	services	service	NOUN
fsr-3266	259	3	review	review	PROPN
fsr-3266	259	4	,	,	PUNCT
fsr-3266	259	5	20	20	NUM
fsr-3266	259	6	,	,	PUNCT
fsr-3266	259	7	35–44	35–44	NUM
fsr-3266	259	8	.	.	X
fsr-3266	260	1	chang	chang	PROPN
fsr-3266	260	2	,	,	PUNCT
fsr-3266	260	3	c.	c.	PROPN
fsr-3266	260	4	e.	e.	PROPN
fsr-3266	260	5	,	,	PUNCT
fsr-3266	260	6	&	&	CCONJ
fsr-3266	260	7	krueger	krueger	PROPN
fsr-3266	260	8	,	,	PUNCT
fsr-3266	260	9	t.	t.	PROPN
fsr-3266	260	10	(	(	PUNCT
fsr-3266	260	11	2010	2010	NUM
fsr-3266	260	12	)	)	PUNCT
fsr-3266	260	13	.	.	PUNCT
fsr-3266	261	1	do	do	AUX
fsr-3266	261	2	enhanced	enhance	VERB
fsr-3266	261	3	index	index	NOUN
fsr-3266	261	4	funds	fund	NOUN
fsr-3266	261	5	live	live	VERB
fsr-3266	261	6	up	up	ADP
fsr-3266	261	7	to	to	ADP
fsr-3266	261	8	their	their	PRON
fsr-3266	261	9	name	name	NOUN
fsr-3266	261	10	?	?	PUNCT
fsr-3266	262	1	financial	financial	ADJ
fsr-3266	262	2	services	service	NOUN
fsr-3266	262	3	review	review	PROPN
fsr-3266	262	4	,	,	PUNCT
fsr-3266	262	5	19	19	NUM
fsr-3266	262	6	,	,	PUNCT
fsr-3266	262	7	145–162	145–162	NUM
fsr-3266	262	8	.	.	PUNCT
fsr-3266	263	1	copeland	copeland	PROPN
fsr-3266	263	2	,	,	PUNCT
fsr-3266	263	3	m.	m.	NOUN
fsr-3266	263	4	m.	m.	NOUN
fsr-3266	263	5	,	,	PUNCT
fsr-3266	263	6	&	&	CCONJ
fsr-3266	263	7	copeland	copeland	PROPN
fsr-3266	263	8	,	,	PUNCT
fsr-3266	263	9	t.	t.	PROPN
fsr-3266	263	10	e.	e.	PROPN
fsr-3266	263	11	(	(	PUNCT
fsr-3266	263	12	1999	1999	NUM
fsr-3266	263	13	)	)	PUNCT
fsr-3266	263	14	.	.	PUNCT
fsr-3266	264	1	market	market	NOUN
fsr-3266	264	2	timing	timing	NOUN
fsr-3266	264	3	:	:	PUNCT
fsr-3266	264	4	style	style	NOUN
fsr-3266	264	5	and	and	CCONJ
fsr-3266	264	6	size	size	NOUN
fsr-3266	264	7	rotation	rotation	NOUN
fsr-3266	264	8	using	use	VERB
fsr-3266	264	9	the	the	DET
fsr-3266	264	10	vix	vix	NOUN
fsr-3266	264	11	.	.	PUNCT
fsr-3266	265	1	financial	financial	ADJ
fsr-3266	265	2	analysts	analyst	NOUN
fsr-3266	265	3	journal	journal	NOUN
fsr-3266	265	4	,	,	PUNCT
fsr-3266	265	5	55	55	NUM
fsr-3266	265	6	,	,	PUNCT
fsr-3266	265	7	73–81	73–81	NUM
fsr-3266	265	8	.	.	PUNCT
fsr-3266	265	9	dilellio	dilellio	PROPN
fsr-3266	265	10	,	,	PUNCT
fsr-3266	265	11	j.	j.	PROPN
fsr-3266	265	12	a.	a.	PROPN
fsr-3266	265	13	,	,	PUNCT
fsr-3266	265	14	hesse	hesse	PROPN
fsr-3266	265	15	,	,	PUNCT
fsr-3266	265	16	r.	r.	PROPN
fsr-3266	265	17	,	,	PUNCT
fsr-3266	265	18	&	&	CCONJ
fsr-3266	265	19	stanley	stanley	PROPN
fsr-3266	265	20	,	,	PUNCT
fsr-3266	265	21	d.	d.	PROPN
fsr-3266	265	22	j.	j.	PROPN
fsr-3266	265	23	(	(	PUNCT
fsr-3266	265	24	2014	2014	NUM
fsr-3266	265	25	)	)	PUNCT
fsr-3266	265	26	.	.	PUNCT
fsr-3266	266	1	portfolio	portfolio	NOUN
fsr-3266	266	2	performance	performance	NOUN
fsr-3266	266	3	with	with	ADP
fsr-3266	266	4	inverse	inverse	NOUN
fsr-3266	266	5	and	and	CCONJ
fsr-3266	266	6	leveraged	leveraged	ADJ
fsr-3266	266	7	etfs	etfs	NOUN
fsr-3266	266	8	.	.	PUNCT
fsr-3266	267	1	financial	financial	ADJ
fsr-3266	267	2	services	services	PROPN
fsr-3266	267	3	review	review	PROPN
fsr-3266	267	4	,	,	PUNCT
fsr-3266	267	5	23	23	NUM
fsr-3266	267	6	,	,	PUNCT
fsr-3266	267	7	123–149	123–149	NUM
fsr-3266	267	8	.	.	PUNCT
fsr-3266	268	1	dilellio	dilellio	PROPN
fsr-3266	268	2	,	,	PUNCT
fsr-3266	268	3	j.	j.	PROPN
fsr-3266	268	4	a.	a.	PROPN
fsr-3266	268	5	,	,	PUNCT
fsr-3266	268	6	&	&	CCONJ
fsr-3266	268	7	stanley	stanley	PROPN
fsr-3266	268	8	,	,	PUNCT
fsr-3266	268	9	d.	d.	PROPN
fsr-3266	268	10	j.	j.	PROPN
fsr-3266	268	11	(	(	PUNCT
fsr-3266	268	12	2011	2011	NUM
fsr-3266	268	13	)	)	PUNCT
fsr-3266	268	14	.	.	PUNCT
fsr-3266	269	1	etf	etf	NOUN
fsr-3266	269	2	trading	trading	NOUN
fsr-3266	269	3	strategies	strategy	NOUN
fsr-3266	269	4	to	to	PART
fsr-3266	269	5	enhance	enhance	VERB
fsr-3266	269	6	client	client	NOUN
fsr-3266	269	7	wealth	wealth	NOUN
fsr-3266	269	8	maximization	maximization	NOUN
fsr-3266	269	9	.	.	PUNCT
fsr-3266	270	1	financial	financial	ADJ
fsr-3266	270	2	services	service	NOUN
fsr-3266	270	3	review	review	PROPN
fsr-3266	270	4	,	,	PUNCT
fsr-3266	270	5	20	20	NUM
fsr-3266	270	6	,	,	PUNCT
fsr-3266	270	7	145–163	145–163	NUM
fsr-3266	270	8	.	.	PUNCT
fsr-3266	271	1	dzekounoff	dzekounoff	PROPN
fsr-3266	271	2	,	,	PUNCT
fsr-3266	271	3	d.	d.	PROPN
fsr-3266	271	4	(	(	PUNCT
fsr-3266	271	5	2010	2010	NUM
fsr-3266	271	6	)	)	PUNCT
fsr-3266	271	7	.	.	PUNCT
fsr-3266	272	1	understanding	understand	VERB
fsr-3266	272	2	vix	vix	PROPN
fsr-3266	272	3	futures	future	NOUN
fsr-3266	272	4	and	and	CCONJ
fsr-3266	272	5	options	option	NOUN
fsr-3266	272	6	.	.	PUNCT
fsr-3266	273	1	futures	future	NOUN
fsr-3266	273	2	magazine	magazine	PROPN
fsr-3266	273	3	,	,	PUNCT
fsr-3266	273	4	september	september	PROPN
fsr-3266	273	5	.	.	PUNCT
fsr-3266	274	1	efremidze	efremidze	PROPN
fsr-3266	274	2	,	,	PUNCT
fsr-3266	274	3	l.	l.	PROPN
fsr-3266	274	4	,	,	PUNCT
fsr-3266	274	5	dilellio	dilellio	PROPN
fsr-3266	274	6	,	,	PUNCT
fsr-3266	274	7	j.	j.	PROPN
fsr-3266	274	8	a.	a.	PROPN
fsr-3266	274	9	,	,	PUNCT
fsr-3266	274	10	&	&	CCONJ
fsr-3266	274	11	stanley	stanley	PROPN
fsr-3266	274	12	,	,	PUNCT
fsr-3266	274	13	d.	d.	PROPN
fsr-3266	274	14	j.	j.	PROPN
fsr-3266	274	15	(	(	PUNCT
fsr-3266	274	16	2014	2014	NUM
fsr-3266	274	17	)	)	PUNCT
fsr-3266	274	18	.	.	PUNCT
fsr-3266	275	1	using	use	VERB
fsr-3266	275	2	vix	vix	PROPN
fsr-3266	275	3	entropy	entropy	NOUN
fsr-3266	275	4	indicators	indicator	NOUN
fsr-3266	275	5	for	for	ADP
fsr-3266	275	6	style	style	NOUN
fsr-3266	275	7	rotation	rotation	NOUN
fsr-3266	275	8	timing	timing	NOUN
fsr-3266	275	9	.	.	PUNCT
fsr-3266	276	1	journal	journal	PROPN
fsr-3266	276	2	of	of	ADP
fsr-3266	276	3	investing	investing	NOUN
fsr-3266	276	4	,	,	PUNCT
fsr-3266	276	5	23	23	NUM
fsr-3266	276	6	,	,	PUNCT
fsr-3266	276	7	130–143	130–143	NUM
fsr-3266	276	8	.	.	PUNCT
fsr-3266	277	1	jones	jones	PROPN
fsr-3266	277	2	,	,	PUNCT
fsr-3266	277	3	t.	t.	PROPN
fsr-3266	277	4	l.	l.	PROPN
fsr-3266	277	5	(	(	PUNCT
fsr-3266	277	6	2011	2011	NUM
fsr-3266	277	7	)	)	PUNCT
fsr-3266	277	8	.	.	PUNCT
fsr-3266	278	1	a	a	DET
fsr-3266	278	2	look	look	NOUN
fsr-3266	278	3	at	at	ADP
fsr-3266	278	4	the	the	DET
fsr-3266	278	5	use	use	NOUN
fsr-3266	278	6	of	of	ADP
fsr-3266	278	7	vix	vix	PROPN
fsr-3266	278	8	futures	future	NOUN
fsr-3266	278	9	in	in	ADP
fsr-3266	278	10	investment	investment	NOUN
fsr-3266	278	11	portfolios	portfolio	NOUN
fsr-3266	278	12	:	:	PUNCT
fsr-3266	278	13	buy	buy	VERB
fsr-3266	278	14	-	-	PUNCT
fsr-3266	278	15	and	and	CCONJ
fsr-3266	278	16	-	-	PUNCT
fsr-3266	278	17	hold	hold	VERB
fsr-3266	278	18	versus	versus	ADP
fsr-3266	278	19	tactical	tactical	ADJ
fsr-3266	278	20	allocations	allocation	NOUN
fsr-3266	278	21	.	.	PUNCT
fsr-3266	279	1	journal	journal	NOUN
fsr-3266	279	2	of	of	ADP
fsr-3266	279	3	trading	trading	NOUN
fsr-3266	279	4	,	,	PUNCT
fsr-3266	279	5	6	6	NUM
fsr-3266	279	6	,	,	PUNCT
fsr-3266	279	7	22–29	22–29	PROPN
fsr-3266	279	8	.	.	PUNCT
fsr-3266	280	1	jones	jones	PROPN
fsr-3266	280	2	,	,	PUNCT
fsr-3266	280	3	t.	t.	PROPN
fsr-3266	280	4	l.	l.	PROPN
fsr-3266	280	5	,	,	PUNCT
fsr-3266	280	6	&	&	CCONJ
fsr-3266	280	7	allen	allen	PROPN
fsr-3266	280	8	,	,	PUNCT
fsr-3266	280	9	m.	m.	NOUN
fsr-3266	280	10	t.	t.	PROPN
fsr-3266	280	11	(	(	PUNCT
fsr-3266	280	12	2015	2015	NUM
fsr-3266	280	13	)	)	PUNCT
fsr-3266	280	14	.	.	PUNCT
fsr-3266	281	1	a	a	DET
fsr-3266	281	2	note	note	NOUN
fsr-3266	281	3	on	on	ADP
fsr-3266	281	4	the	the	DET
fsr-3266	281	5	premiums	premium	NOUN
fsr-3266	281	6	and	and	CCONJ
fsr-3266	281	7	discounts	discount	NOUN
fsr-3266	281	8	embedded	embed	VERB
fsr-3266	281	9	in	in	ADP
fsr-3266	281	10	vix	vix	PROPN
fsr-3266	281	11	futures	future	NOUN
fsr-3266	281	12	prices	price	NOUN
fsr-3266	281	13	.	.	PUNCT
fsr-3266	282	1	journal	journal	PROPN
fsr-3266	282	2	of	of	ADP
fsr-3266	282	3	investing	investing	NOUN
fsr-3266	282	4	,	,	PUNCT
fsr-3266	282	5	24	24	NUM
fsr-3266	282	6	,	,	PUNCT
fsr-3266	282	7	69–73	69–73	X
fsr-3266	282	8	.	.	PUNCT
fsr-3266	283	1	lu	lu	PROPN
fsr-3266	283	2	,	,	PUNCT
fsr-3266	283	3	lei	lei	PROPN
fsr-3266	283	4	,	,	PUNCT
fsr-3266	283	5	wang	wang	PROPN
fsr-3266	283	6	,	,	PUNCT
fsr-3266	283	7	j.	j.	PROPN
fsr-3266	283	8	,	,	PUNCT
fsr-3266	283	9	&	&	CCONJ
fsr-3266	283	10	zhang	zhang	PROPN
fsr-3266	283	11	,	,	PUNCT
fsr-3266	283	12	g.	g.	PROPN
fsr-3266	283	13	(	(	PUNCT
fsr-3266	283	14	2012	2012	NUM
fsr-3266	283	15	)	)	PUNCT
fsr-3266	283	16	.	.	PUNCT
fsr-3266	284	1	long	long	ADJ
fsr-3266	284	2	term	term	NOUN
fsr-3266	284	3	performance	performance	NOUN
fsr-3266	284	4	of	of	ADP
fsr-3266	284	5	leveraged	leveraged	ADJ
fsr-3266	284	6	etfs	etfs	NOUN
fsr-3266	284	7	.	.	PUNCT
fsr-3266	285	1	financial	financial	ADJ
fsr-3266	285	2	services	services	PROPN
fsr-3266	285	3	review	review	PROPN
fsr-3266	285	4	,	,	PUNCT
fsr-3266	285	5	21	21	NUM
fsr-3266	285	6	,	,	PUNCT
fsr-3266	285	7	63–80	63–80	PROPN
fsr-3266	285	8	.	.	PUNCT
fsr-3266	286	1	lydon	lydon	PROPN
fsr-3266	286	2	,	,	PUNCT
fsr-3266	286	3	t.	t.	PROPN
fsr-3266	286	4	,	,	PUNCT
fsr-3266	286	5	&	&	CCONJ
fsr-3266	286	6	chen	chen	PROPN
fsr-3266	286	7	,	,	PUNCT
fsr-3266	286	8	m.	m.	NOUN
fsr-3266	286	9	(	(	PUNCT
fsr-3266	286	10	2014	2014	NUM
fsr-3266	286	11	)	)	PUNCT
fsr-3266	286	12	.	.	PUNCT
fsr-3266	287	1	use	use	VERB
fsr-3266	287	2	vix	vix	PROPN
fsr-3266	287	3	etfs	etfs	PROPN
fsr-3266	287	4	to	to	PART
fsr-3266	287	5	hedge	hedge	VERB
fsr-3266	287	6	against	against	ADP
fsr-3266	287	7	market	market	NOUN
fsr-3266	287	8	swings	swing	NOUN
fsr-3266	287	9	.	.	PUNCT
fsr-3266	288	1	etf	etf	NOUN
fsr-3266	288	2	trends	trend	NOUN
fsr-3266	288	3	(	(	PUNCT
fsr-3266	288	4	available	available	ADJ
fsr-3266	288	5	from	from	ADP
fsr-3266	288	6	http://www.etftrends.com/2014/06/use-vix-etfs-to-hedge-against-market-swings/	http://www.etftrends.com/2014/06/use-vix-etfs-to-hedge-against-market-swings/	NOUN
fsr-3266	288	7	)	)	PUNCT
fsr-3266	288	8	.	.	PUNCT
fsr-3266	289	1	moran	moran	PROPN
fsr-3266	289	2	,	,	PUNCT
fsr-3266	289	3	m.	m.	NOUN
fsr-3266	289	4	t.	t.	PROPN
fsr-3266	289	5	,	,	PUNCT
fsr-3266	289	6	&	&	CCONJ
fsr-3266	289	7	dash	dash	NOUN
fsr-3266	289	8	,	,	PUNCT
fsr-3266	289	9	s.	s.	PROPN
fsr-3266	289	10	(	(	PUNCT
fsr-3266	289	11	2007	2007	NUM
fsr-3266	289	12	)	)	PUNCT
fsr-3266	289	13	.	.	PUNCT
fsr-3266	290	1	vix	vix	PROPN
fsr-3266	290	2	futures	future	NOUN
fsr-3266	290	3	and	and	CCONJ
fsr-3266	290	4	options	option	NOUN
fsr-3266	290	5	:	:	PUNCT
fsr-3266	290	6	pricing	pricing	NOUN
fsr-3266	290	7	and	and	CCONJ
fsr-3266	290	8	using	use	VERB
fsr-3266	290	9	volatility	volatility	NOUN
fsr-3266	290	10	products	product	NOUN
fsr-3266	290	11	to	to	PART
fsr-3266	290	12	manage	manage	VERB
fsr-3266	290	13	downside	downside	ADJ
fsr-3266	290	14	risk	risk	NOUN
fsr-3266	290	15	and	and	CCONJ
fsr-3266	290	16	improve	improve	VERB
fsr-3266	290	17	efficiency	efficiency	NOUN
fsr-3266	290	18	in	in	ADP
fsr-3266	290	19	equity	equity	NOUN
fsr-3266	290	20	portfolios	portfolio	NOUN
fsr-3266	290	21	.	.	PUNCT
fsr-3266	291	1	journal	journal	NOUN
fsr-3266	291	2	of	of	ADP
fsr-3266	291	3	trading	trading	NOUN
fsr-3266	291	4	,	,	PUNCT
fsr-3266	291	5	2	2	NUM
fsr-3266	291	6	,	,	PUNCT
fsr-3266	292	1	96–105	96–105	PROPN
fsr-3266	292	2	.	.	PUNCT
fsr-3266	292	3	prather	prather	PROPN
fsr-3266	292	4	,	,	PUNCT
fsr-3266	292	5	l.	l.	PROPN
fsr-3266	292	6	j.	j.	PROPN
fsr-3266	292	7	,	,	PUNCT
fsr-3266	292	8	chu	chu	PROPN
fsr-3266	292	9	,	,	PUNCT
fsr-3266	292	10	t.	t.	PROPN
fsr-3266	292	11	,	,	PUNCT
fsr-3266	292	12	maxumder	maxumder	NOUN
fsr-3266	292	13	,	,	PUNCT
fsr-3266	292	14	i.	i.	PROPN
fsr-3266	292	15	,	,	PUNCT
fsr-3266	292	16	&	&	CCONJ
fsr-3266	292	17	topuz	topuz	PROPN
fsr-3266	292	18	,	,	PUNCT
fsr-3266	292	19	j.	j.	PROPN
fsr-3266	292	20	c.	c.	PROPN
fsr-3266	292	21	(	(	PUNCT
fsr-3266	292	22	2009	2009	NUM
fsr-3266	292	23	)	)	PUNCT
fsr-3266	292	24	.	.	PUNCT
fsr-3266	293	1	index	index	NOUN
fsr-3266	293	2	funds	fund	NOUN
fsr-3266	293	3	or	or	CCONJ
fsr-3266	293	4	etfs	etfs	NOUN
fsr-3266	293	5	:	:	PUNCT
fsr-3266	293	6	the	the	DET
fsr-3266	293	7	case	case	NOUN
fsr-3266	293	8	of	of	ADP
fsr-3266	293	9	the	the	DET
fsr-3266	293	10	s&p	s&p	PROPN
fsr-3266	293	11	500	500	NUM
fsr-3266	293	12	for	for	ADP
fsr-3266	293	13	individual	individual	ADJ
fsr-3266	293	14	investors	investor	NOUN
fsr-3266	293	15	.	.	PUNCT
fsr-3266	294	1	financial	financial	ADJ
fsr-3266	294	2	services	service	NOUN
fsr-3266	294	3	review	review	PROPN
fsr-3266	294	4	,	,	PUNCT
fsr-3266	294	5	18	18	NUM
fsr-3266	294	6	,	,	PUNCT
fsr-3266	294	7	213–230	213–230	NUM
fsr-3266	294	8	.	.	PUNCT
fsr-3266	295	1	proshares	proshare	NOUN
fsr-3266	295	2	.	.	PUNCT
fsr-3266	296	1	(	(	PUNCT
fsr-3266	296	2	2105a	2105a	NUM
fsr-3266	296	3	)	)	PUNCT
fsr-3266	296	4	.	.	PUNCT
fsr-3266	297	1	fact	fact	NOUN
fsr-3266	297	2	sheet	sheet	NOUN
fsr-3266	297	3	–	–	PUNCT
fsr-3266	297	4	proshares	proshare	NOUN
fsr-3266	297	5	vix	vix	PROPN
fsr-3266	297	6	short	short	ADJ
fsr-3266	297	7	-	-	PUNCT
fsr-3266	297	8	term	term	NOUN
fsr-3266	297	9	futures	future	NOUN
fsr-3266	297	10	eft	eft	NOUN
fsr-3266	297	11	.	.	PUNCT
fsr-3266	298	1	proshares	proshare	NOUN
fsr-3266	298	2	(	(	PUNCT
fsr-3266	298	3	available	available	ADJ
fsr-3266	298	4	from	from	ADP
fsr-3266	298	5	http://	http://	PROPN
fsr-3266	298	6	www.proshares.com/media/fact_sheet/prosharesfactsheetvixy.pdf	www.proshares.com/media/fact_sheet/prosharesfactsheetvixy.pdf	PROPN
fsr-3266	298	7	)	)	PUNCT
fsr-3266	298	8	.	.	PUNCT
fsr-3266	299	1	proshares	proshare	NOUN
fsr-3266	299	2	.	.	PUNCT
fsr-3266	300	1	(	(	PUNCT
fsr-3266	300	2	2105b	2105b	NUM
fsr-3266	300	3	)	)	PUNCT
fsr-3266	300	4	.	.	PUNCT
fsr-3266	301	1	fact	fact	NOUN
fsr-3266	301	2	sheet	sheet	NOUN
fsr-3266	301	3	–	–	PUNCT
fsr-3266	301	4	proshares	proshare	VERB
fsr-3266	301	5	ultra	ultra	ADJ
fsr-3266	301	6	vix	vix	PROPN
fsr-3266	301	7	short	short	ADJ
fsr-3266	301	8	-	-	PUNCT
fsr-3266	301	9	term	term	NOUN
fsr-3266	301	10	futures	future	NOUN
fsr-3266	301	11	eft	eft	NOUN
fsr-3266	301	12	.	.	PUNCT
fsr-3266	302	1	proshares	proshare	NOUN
fsr-3266	302	2	(	(	PUNCT
fsr-3266	302	3	available	available	ADJ
fsr-3266	302	4	from	from	ADP
fsr-3266	302	5	http://www.proshares.com/media/fact_sheet/prosharesfactsheetuvxy.pdf	http://www.proshares.com/media/fact_sheet/prosharesfactsheetuvxy.pdf	NOUN
fsr-3266	302	6	)	)	PUNCT
fsr-3266	302	7	.	.	PUNCT
fsr-3266	303	1	proshares	proshare	NOUN
fsr-3266	303	2	.	.	PUNCT
fsr-3266	304	1	(	(	PUNCT
fsr-3266	304	2	2105c	2105c	NUM
fsr-3266	304	3	)	)	PUNCT
fsr-3266	304	4	.	.	PUNCT
fsr-3266	305	1	fact	fact	NOUN
fsr-3266	305	2	sheet	sheet	NOUN
fsr-3266	305	3	–	–	PUNCT
fsr-3266	305	4	proshares	proshare	NOUN
fsr-3266	305	5	short	short	PROPN
fsr-3266	305	6	vix	vix	PROPN
fsr-3266	305	7	short	short	ADJ
fsr-3266	305	8	-	-	PUNCT
fsr-3266	305	9	term	term	NOUN
fsr-3266	305	10	futures	future	NOUN
fsr-3266	305	11	eft	eft	NOUN
fsr-3266	305	12	.	.	PUNCT
fsr-3266	306	1	proshares	proshare	NOUN
fsr-3266	306	2	(	(	PUNCT
fsr-3266	306	3	available	available	ADJ
fsr-3266	306	4	from	from	ADP
fsr-3266	306	5	http://www.proshares.com/media/fact_sheet/prosharesfactsheetsvxy.pdf	http://www.proshares.com/media/fact_sheet/prosharesfactsheetsvxy.pdf	NOUN
fsr-3266	306	6	)	)	PUNCT
fsr-3266	306	7	.	.	PUNCT
fsr-3266	307	1	84	84	NUM
fsr-3266	307	2	r.	r.	PROPN
fsr-3266	307	3	parker	parker	PROPN
fsr-3266	307	4	clowers	clowers	PROPN
fsr-3266	307	5	,	,	PUNCT
fsr-3266	307	6	t.l	t.l	PROPN
fsr-3266	307	7	.	.	PROPN
fsr-3266	307	8	jones	jones	PROPN
fsr-3266	307	9	/	/	SYM
fsr-3266	307	10	financial	financial	ADJ
fsr-3266	307	11	services	service	NOUN
fsr-3266	307	12	review	review	VERB
fsr-3266	307	13	25	25	NUM
fsr-3266	307	14	(	(	PUNCT
fsr-3266	307	15	2016	2016	NUM
fsr-3266	307	16	)	)	PUNCT
fsr-3266	307	17	73–85	73–85	PROPN
fsr-3266	307	18	sharpe	sharpe	PROPN
fsr-3266	307	19	,	,	PUNCT
fsr-3266	307	20	w.	w.	PROPN
fsr-3266	307	21	f.	f.	PROPN
fsr-3266	307	22	(	(	PUNCT
fsr-3266	307	23	1994	1994	NUM
fsr-3266	307	24	)	)	PUNCT
fsr-3266	307	25	.	.	PUNCT
fsr-3266	308	1	the	the	DET
fsr-3266	308	2	sharpe	sharpe	PROPN
fsr-3266	308	3	ratio	ratio	PROPN
fsr-3266	308	4	.	.	PUNCT
fsr-3266	309	1	journal	journal	PROPN
fsr-3266	309	2	of	of	ADP
fsr-3266	309	3	portfolio	portfolio	PROPN
fsr-3266	309	4	management	management	NOUN
fsr-3266	309	5	,	,	PUNCT
fsr-3266	309	6	21	21	NUM
fsr-3266	309	7	,	,	PUNCT
fsr-3266	309	8	49–59	49–59	NOUN
fsr-3266	309	9	.	.	PUNCT
fsr-3266	310	1	(	(	PUNCT
fsr-3266	310	2	available	available	ADJ
fsr-3266	310	3	from	from	ADP
fsr-3266	310	4	http://	http://	PROPN
fsr-3266	310	5	app.velocitysharesetns.com/files/prospectus/pricing_supplement_no__vls_etn-1_a36_long_form	app.velocitysharesetns.com/files/prospectus/pricing_supplement_no__vls_etn-1_a36_long_form	PROPN
fsr-3266	310	6	_	_	PROPN
fsr-3266	310	7	1.pdf	1.pdf	NOUN
fsr-3266	310	8	)	)	PUNCT
fsr-3266	310	9	.	.	PUNCT
fsr-3266	311	1	whaley	whaley	PROPN
fsr-3266	311	2	,	,	PUNCT
fsr-3266	311	3	r.	r.	PROPN
fsr-3266	311	4	e.	e.	PROPN
fsr-3266	311	5	(	(	PUNCT
fsr-3266	311	6	1993	1993	NUM
fsr-3266	311	7	)	)	PUNCT
fsr-3266	311	8	.	.	PUNCT
fsr-3266	312	1	derivatives	derivative	NOUN
fsr-3266	312	2	on	on	ADP
fsr-3266	312	3	market	market	NOUN
fsr-3266	312	4	volatility	volatility	NOUN
fsr-3266	312	5	:	:	PUNCT
fsr-3266	312	6	hedging	hedging	NOUN
fsr-3266	312	7	tools	tool	NOUN
fsr-3266	312	8	long	long	ADV
fsr-3266	312	9	overdue	overdue	ADJ
fsr-3266	312	10	.	.	PUNCT
fsr-3266	313	1	journal	journal	NOUN
fsr-3266	313	2	of	of	ADP
fsr-3266	313	3	derivatives	derivative	NOUN
fsr-3266	313	4	,	,	PUNCT
fsr-3266	313	5	1	1	NUM
fsr-3266	313	6	,	,	PUNCT
fsr-3266	313	7	71–84	71–84	PROPN
fsr-3266	313	8	.	.	PUNCT
fsr-3266	314	1	whaley	whaley	PROPN
fsr-3266	314	2	,	,	PUNCT
fsr-3266	314	3	r.	r.	PROPN
fsr-3266	314	4	e.	e.	PROPN
fsr-3266	314	5	(	(	PUNCT
fsr-3266	314	6	2013	2013	NUM
fsr-3266	314	7	)	)	PUNCT
fsr-3266	314	8	.	.	PUNCT
fsr-3266	315	1	trading	trading	NOUN
fsr-3266	315	2	volatility	volatility	NOUN
fsr-3266	315	3	:	:	PUNCT
fsr-3266	315	4	at	at	ADP
fsr-3266	315	5	what	what	DET
fsr-3266	315	6	cost	cost	NOUN
fsr-3266	315	7	?	?	PUNCT
fsr-3266	316	1	journal	journal	NOUN
fsr-3266	316	2	of	of	ADP
fsr-3266	316	3	portfolio	portfolio	NOUN
fsr-3266	316	4	management	management	NOUN
fsr-3266	316	5	,	,	PUNCT
fsr-3266	316	6	40	40	NUM
fsr-3266	316	7	,	,	PUNCT
fsr-3266	316	8	95–108	95–108	NUM
fsr-3266	316	9	.	.	PUNCT
fsr-3266	316	10	85r	85r	NUM
fsr-3266	316	11	.	.	PUNCT
fsr-3266	317	1	parker	parker	PROPN
fsr-3266	317	2	clowers	clowers	PROPN
fsr-3266	317	3	,	,	PUNCT
fsr-3266	317	4	t.l	t.l	PROPN
fsr-3266	317	5	.	.	PROPN
fsr-3266	317	6	jones	jones	PROPN
fsr-3266	317	7	/	/	SYM
fsr-3266	317	8	financial	financial	ADJ
fsr-3266	317	9	services	service	NOUN
fsr-3266	317	10	review	review	VERB
fsr-3266	317	11	25	25	NUM
fsr-3266	317	12	(	(	PUNCT
fsr-3266	317	13	2016	2016	NUM
fsr-3266	317	14	)	)	PUNCT
fsr-3266	317	15	73–85	73–85	NUM