^VVIX vs. SPY
Compare and contrast key facts about CBOE VIX Volatility Index (^VVIX) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^VVIX or SPY.
Correlation
The correlation between ^VVIX and SPY is 0.99, 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
^VVIX vs. SPY - Performance Comparison
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Key characteristics
^VVIX:
0.19
SPY:
0.69
^VVIX:
1.23
SPY:
1.17
^VVIX:
1.14
SPY:
1.18
^VVIX:
0.35
SPY:
0.80
^VVIX:
0.63
SPY:
3.08
^VVIX:
35.29%
SPY:
4.88%
^VVIX:
115.31%
SPY:
20.26%
^VVIX:
-78.10%
SPY:
-55.19%
^VVIX:
-54.27%
SPY:
-2.76%
Returns By Period
In the year-to-date period, ^VVIX achieves a -9.00% return, which is significantly lower than SPY's 1.69% return. Over the past 10 years, ^VVIX has underperformed SPY with an annualized return of 2.12%, while SPY has yielded a comparatively higher 12.78% annualized return.
^VVIX
-9.00%
-18.34%
-4.03%
21.05%
-5.51%
2.12%
SPY
1.69%
12.88%
2.09%
13.66%
16.78%
12.78%
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Risk-Adjusted Performance
^VVIX vs. SPY — Risk-Adjusted Performance Rank
^VVIX
SPY
^VVIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE VIX Volatility Index (^VVIX) and SPDR S&P 500 ETF (SPY). 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.
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Drawdowns
^VVIX vs. SPY - Drawdown Comparison
The maximum ^VVIX drawdown since its inception was -78.10%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^VVIX and SPY. For additional features, visit the drawdowns tool.
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Volatility
^VVIX vs. SPY - Volatility Comparison
CBOE VIX Volatility Index (^VVIX) has a higher volatility of 21.61% compared to SPDR S&P 500 ETF (SPY) at 5.51%. This indicates that ^VVIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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