^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
Key characteristics
^VVIX:
0.23
SPY:
0.51
^VVIX:
1.28
SPY:
0.86
^VVIX:
1.15
SPY:
1.13
^VVIX:
0.40
SPY:
0.55
^VVIX:
0.77
SPY:
2.26
^VVIX:
33.68%
SPY:
4.55%
^VVIX:
113.25%
SPY:
20.08%
^VVIX:
-78.10%
SPY:
-55.19%
^VVIX:
-52.33%
SPY:
-9.89%
Returns By Period
In the year-to-date period, ^VVIX achieves a -5.16% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, ^VVIX has underperformed SPY with an annualized return of 2.44%, while SPY has yielded a comparatively higher 11.99% annualized return.
^VVIX
-5.16%
9.65%
-15.79%
19.88%
-3.74%
2.44%
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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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.
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.
Volatility
^VVIX vs. SPY - Volatility Comparison
CBOE VIX Volatility Index (^VVIX) has a higher volatility of 48.56% compared to SPDR S&P 500 ETF (SPY) at 15.12%. 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.