^VIX vs. VIXM
Compare and contrast key facts about CBOE Volatility Index (^VIX) and ProShares VIX Mid-Term Futures ETF (VIXM).
VIXM is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX Mid-Term Futures Index. It was launched on Jan 4, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^VIX or VIXM.
Correlation
The correlation between ^VIX and VIXM is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^VIX vs. VIXM - Performance Comparison
Key characteristics
^VIX:
0.08
VIXM:
-0.03
^VIX:
1.45
VIXM:
0.28
^VIX:
1.17
VIXM:
1.04
^VIX:
0.14
VIXM:
-0.01
^VIX:
0.25
VIXM:
-0.05
^VIX:
47.30%
VIXM:
22.20%
^VIX:
153.36%
VIXM:
40.90%
^VIX:
-88.70%
VIXM:
-96.23%
^VIX:
-73.99%
VIXM:
-95.70%
Returns By Period
In the year-to-date period, ^VIX achieves a 23.98% return, which is significantly higher than VIXM's 8.23% return. Over the past 10 years, ^VIX has outperformed VIXM with an annualized return of 3.77%, while VIXM has yielded a comparatively lower -12.82% annualized return.
^VIX
23.98%
-5.58%
13.81%
47.23%
-13.96%
3.77%
VIXM
8.23%
-0.25%
0.90%
-2.31%
-17.43%
-12.82%
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Risk-Adjusted Performance
^VIX vs. VIXM — Risk-Adjusted Performance Rank
^VIX
VIXM
^VIX vs. VIXM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE Volatility Index (^VIX) and ProShares VIX Mid-Term Futures ETF (VIXM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
^VIX vs. VIXM - Drawdown Comparison
The maximum ^VIX drawdown since its inception was -88.70%, smaller than the maximum VIXM drawdown of -96.23%. Use the drawdown chart below to compare losses from any high point for ^VIX and VIXM. For additional features, visit the drawdowns tool.
Volatility
^VIX vs. VIXM - Volatility Comparison
CBOE Volatility Index (^VIX) has a higher volatility of 37.79% compared to ProShares VIX Mid-Term Futures ETF (VIXM) at 11.37%. This indicates that ^VIX's price experiences larger fluctuations and is considered to be riskier than VIXM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.