^VVIX vs. SPY

In the year-to-date period, ^VVIX achieves a -10.35% return, which is significantly lower than SPY's 7.04% return. Over the past 10 years, ^VVIX has underperformed SPY with an annualized return of 0.69%, while SPY has yielded a comparatively higher 13.38% annualized return.

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

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.

The current ^VVIX Sharpe Ratio is 0.09, which is lower than the SPY Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of ^VVIX and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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.

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.

CBOE VIX Volatility Index (^VVIX) has a higher volatility of 25.38% compared to SPDR S&P 500 ETF (SPY) at 2.85%. 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.