ConvexityShares™ provides ETFs benchmarked to the SPIKES Futures Short-Term Index.
We offer two choices for traders and sophisticated investors who want to trade expected volatility of the SPDR® S&P 500® ETF (SPY), as measured by SPIKES® Futures prices. Our ETFs respectively offer 1x and 1.5x exposure to the SPIKES Futures Short-term Index.
These ETFs are designed as tools for those who seek to:
take advantage of changes in the expected volatility of the SPY as measured by the prices of SPIKES Futures contracts
reduce U.S. equity portfolio risk, since changes in the SPIKES Futures Short-Term Index tend to be negatively correlated to returns in the SPY
ConvexityShares™, provider of SPIKES Futures ETFs, was formed in 2021 to expand the choices investors have when trading volatility. With a mission to deliver better risk management tools, amplify exposure to volatility and provide a new, better way to hedge against uncertainty, ConvexityShares is bringing competition to a market that currently lacks alternatives.
Meet our CEO, John Zhu
John Zhu, is a Series 3 qualified quantitative portfolio manager with over 15 years of experience in quantitative research and trading, including volatility indexing, statistical arbitrage and derivatives pricing. Zhu previously held trading positions with RBS, ABN Amro and Optiver, completing his BSc Honours (First Class) in Applied Mathematics, specializing in finance at the University of Sydney in 2006 where he was awarded the University Medal. Fluent in Cantonese and Mandarin, Zhu believes in sound money and is leading ConvexityShares in its mission to expand volatility trading options.
Meet our President, Simon Ho
Simon has worked in the options industry for more than 30 years, in trading, product innovation and risk management roles. He has held senior roles at various global investment banks including Goldman Sachs, Deutsche Bank, Merrill Lynch and JP Morgan in New York, London, Singapore and Sydney.
In 2013 Simon founded T3 Index, a research-driven financial indexing firm, specializing in volatility and option benchmarking. T3 Index is dedicated to developing investible, proprietary indices that track related strategies across a range of asset classes to transform the way people invest and manage risk.
The SPIKES Volatility Index was invented by Simon and the T3 Index team.
The Funds may be highly volatile and generally are intended for short-term investment purposes only. Investors cannot directly invest in an index.