RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:s&p futures are way downTrue. But HVU is based on the short term VIX Futures Index. Also when VIX gets over20+ (wishful thinking :) VIX futures will go down during a rollover. Those things tend to even out.
I agree with the decay part (but for different reasons). Mainly because HVU can’t be replicated exactly to the short term VIX Futures Index. That decay is quite bad.