^VVIX vs. ETH-USD
^VVIX (CBOE VIX Volatility Index) is an index, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 10 years, ^VVIX returned 1.28%/yr vs 62.38%/yr for ETH-USD. At a correlation of -0.13, they often move in opposite directions.
Performance
^VVIX vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ^VVIX achieves a -3.10% return, which is significantly higher than ETH-USD's -39.68% return. Over the past 10 years, ^VVIX has underperformed ETH-USD with an annualized return of 1.28%, while ETH-USD has yielded a comparatively higher 62.38% annualized return.
^VVIX
- 1D
- -0.81%
- 1M
- -8.64%
- YTD
- -3.10%
- 6M
- -2.80%
- 1Y
- -1.20%
- 3Y*
- 1.39%
- 5Y*
- -3.65%
- 10Y*
- 1.28%
ETH-USD
- 1D
- -3.66%
- 1M
- -23.74%
- YTD
- -39.68%
- 6M
- -43.89%
- 1Y
- -31.03%
- 3Y*
- -1.81%
- 5Y*
- -7.83%
- 10Y*
- 62.38%
^VVIX vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^VVIX CBOE VIX Volatility Index | -3.10% | -11.18% | 19.97% | 12.86% | -29.74% | -1.96% | 18.87% | 8.02% | -13.55% | 10.00% |
ETH-USD Ethereum | -39.68% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -1.52% | -82.39% | 8,984.19% |
Correlation
The correlation between ^VVIX and ETH-USD is -0.28, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2015 | -0.13 |
The correlation between ^VVIX and ETH-USD shifts across timeframes, from -0.28 (1 year) to -0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
^VVIX vs. ETH-USD — Risk / Return Rank
^VVIX
ETH-USD
^VVIX vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE VIX Volatility Index (^VVIX) and Ethereum (ETH-USD). 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.
| ^VVIX | ETH-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.01 | -0.46 | +0.45 |
Sortino ratioReturn per unit of downside risk | 0.59 | -0.31 | +0.90 |
Omega ratioGain probability vs. loss probability | 1.07 | 0.97 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | -0.03 | -0.49 | +0.46 |
Martin ratioReturn relative to average drawdown | -0.05 | -0.82 | +0.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ^VVIX | ETH-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | -0.46 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | -0.11 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | 0.66 | -0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.76 | -0.75 |
Drawdowns
^VVIX vs. ETH-USD - Drawdown Comparison
The maximum ^VVIX drawdown since its inception was -78.10%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for ^VVIX and ETH-USD.
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Drawdown Indicators
| ^VVIX | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.10% | -94.01% | +15.91% |
Max Drawdown (1Y)Largest decline over 1 year | -38.94% | -62.96% | +24.02% |
Max Drawdown (3Y)Largest decline over 3 years | -52.75% | -63.80% | +11.05% |
Max Drawdown (5Y)Largest decline over 5 years | -53.07% | -79.35% | +26.28% |
Max Drawdown (10Y)Largest decline over 10 years | -64.71% | -94.01% | +29.30% |
Current DrawdownCurrent decline from peak | -56.74% | -62.96% | +6.22% |
Average DrawdownAverage peak-to-trough decline | -43.41% | -50.87% | +7.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.07% | 43.64% | -20.57% |
Volatility
^VVIX vs. ETH-USD - Volatility Comparison
CBOE VIX Volatility Index (^VVIX) has a higher volatility of 12.10% compared to Ethereum (ETH-USD) at 10.96%. This indicates that ^VVIX's price experiences larger fluctuations and is considered to be riskier than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^VVIX | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.10% | 10.96% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 59.20% | 45.10% | +14.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.74% | 55.90% | +26.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.14% | 59.54% | +27.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.81% | 77.96% | +7.85% |
Frequently Asked Questions
^VVIX and ETH-USD have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^VVIX has higher volatility (12.10%) compared to ETH-USD (10.96%). In terms of maximum drawdown, ^VVIX dropped -78.10% vs ETH-USD's -94.01%.
^VVIX currently has the higher Sharpe Ratio (-0.01 vs -0.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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