^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:
0.25
VIXM:
-0.33
^VIX:
1.68
VIXM:
-0.26
^VIX:
1.21
VIXM:
0.96
^VIX:
0.43
VIXM:
-0.13
^VIX:
0.92
VIXM:
-0.69
^VIX:
39.76%
VIXM:
18.63%
^VIX:
145.36%
VIXM:
39.29%
^VIX:
-88.70%
VIXM:
-96.23%
^VIX:
-79.02%
VIXM:
-96.00%
Returns By Period
Over the past 10 years, ^VIX has outperformed VIXM with an annualized return of -0.24%, while VIXM has yielded a comparatively lower -13.71% annualized return.
^VIX
0.00%
28.42%
44.22%
39.36%
6.60%
-0.24%
VIXM
-13.01%
6.04%
4.29%
-13.01%
-7.32%
-13.71%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
^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 70.44% compared to ProShares VIX Mid-Term Futures ETF (VIXM) at 12.08%. 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.