^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 0.61%/yr vs 59.97%/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 -7.47% return, which is significantly higher than ETH-USD's -46.29% return. Over the past 10 years, ^VVIX has underperformed ETH-USD with an annualized return of 0.61%, while ETH-USD has yielded a comparatively higher 59.97% annualized return.
^VVIX
- 1D
- -4.51%
- 1M
- -8.48%
- YTD
- -7.47%
- 6M
- -5.41%
- 1Y
- -7.99%
- 3Y*
- -0.01%
- 5Y*
- -4.54%
- 10Y*
- 0.61%
ETH-USD
- 1D
- -9.90%
- 1M
- -32.21%
- YTD
- -46.29%
- 6M
- -47.28%
- 1Y
- -34.03%
- 3Y*
- -5.45%
- 5Y*
- -10.08%
- 10Y*
- 59.97%
^VVIX vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^VVIX CBOE VIX Volatility Index | -7.47% | -11.18% | 19.97% | 12.86% | -29.74% | -1.96% | 18.87% | 8.02% | -13.55% | 10.00% |
ETH-USD Ethereum | -46.29% | -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 -0.27, 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 | -0.27 |
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 -0.27 (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 | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.96 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | -0.51 | +0.37 |
| Martin ratioReturn relative to average drawdown | -0.24 | -0.89 | +0.66 |
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 | -0.07 | -0.50 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | -0.14 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | 0.64 | -0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.74 | -0.73 |
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% | -67.02% | +28.08% |
Max Drawdown (3Y)Largest decline over 3 years | -52.75% | -67.02% | +14.27% |
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 | -58.69% | -67.02% | +8.33% |
Average DrawdownAverage peak-to-trough decline | -43.41% | -50.88% | +7.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.20% | 44.01% | -20.81% |
Volatility
^VVIX vs. ETH-USD - Volatility Comparison
The current volatility for CBOE VIX Volatility Index (^VVIX) is 12.53%, while Ethereum (ETH-USD) has a volatility of 14.30%. This indicates that ^VVIX experiences smaller price fluctuations and is considered to be less risky 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 | 12.53% | 14.30% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 59.37% | 46.06% | +13.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.86% | 56.49% | +26.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.13% | 59.61% | +27.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.80% | 78.01% | +7.79% |
Frequently Asked Questions
^VVIX and ETH-USD have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (14.30%) compared to ^VVIX (12.53%). In terms of maximum drawdown, ^VVIX dropped -78.10% vs ETH-USD's -94.01%.
^VVIX currently has the higher Sharpe Ratio (-0.07 vs -0.50), 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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