^VVIX vs. ETH-USD
^VVIX (Cboe VVIX Index) is an index, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 10 years, ^VVIX returned -2.34%/yr vs 60.12%/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 -1.60% return, which is significantly higher than ETH-USD's -47.34% return. Over the past 10 years, ^VVIX has underperformed ETH-USD with an annualized return of -2.34%, while ETH-USD has yielded a comparatively higher 60.12% annualized return.
^VVIX
- 1D
- -4.59%
- 1M
- 1.83%
- YTD
- -1.60%
- 6M
- 6.98%
- 1Y
- 1.72%
- 3Y*
- -1.50%
- 5Y*
- -2.95%
- 10Y*
- -2.34%
ETH-USD
- 1D
- -3.54%
- 1M
- -24.55%
- YTD
- -47.34%
- 6M
- -46.17%
- 1Y
- -35.44%
- 3Y*
- -5.63%
- 5Y*
- -3.10%
- 10Y*
- 60.12%
^VVIX vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^VVIX Cboe VVIX Index | -1.60% | -11.18% | 19.97% | 12.86% | -29.74% | -1.96% | 18.87% | 8.02% | -13.55% | 10.00% |
ETH-USD Ethereum | -47.34% | -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 -0.26, 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 | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | -0.13 |
The correlation between ^VVIX and ETH-USD shifts across timeframes, from -0.26 (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 VVIX 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^VVIX | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.95 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | -0.52 | +0.57 |
| Martin ratioReturn relative to average drawdown | 0.08 | -0.87 | +0.94 |
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Drawdowns
^VVIX vs. ETH-USD - Drawdown Comparison
The maximum ^VVIX drawdown since its inception was -64.71%, 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 | -64.71% | -94.01% | +29.30% |
Max Drawdown (1Y)Largest decline over 1 year | -38.94% | -67.66% | +28.72% |
Max Drawdown (3Y)Largest decline over 3 years | -52.75% | -67.66% | +14.91% |
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 | -56.07% | -67.66% | +11.59% |
Average DrawdownAverage peak-to-trough decline | -43.95% | -50.93% | +6.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.78% | 41.50% | -18.72% |
Volatility
^VVIX vs. ETH-USD - Volatility Comparison
Cboe VVIX Index (^VVIX) has a higher volatility of 32.38% compared to Ethereum (ETH-USD) at 18.39%. 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 | 32.38% | 18.39% | +13.99% |
Volatility (6M)Calculated over the trailing 6-month period | 64.89% | 46.39% | +18.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.46% | 55.72% | +30.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.20% | 59.09% | +29.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.11% | 77.04% | +9.07% |
Frequently Asked Questions
^VVIX and ETH-USD have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^VVIX has higher volatility (32.38%) compared to ETH-USD (18.39%). In terms of maximum drawdown, ^VVIX dropped -64.71% vs ETH-USD's -94.01%.
^VVIX currently has the higher Sharpe Ratio (0.02 vs -0.53), 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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