^VVIX vs. VIXY
Compare and contrast key facts about CBOE VIX Volatility Index (^VVIX) and ProShares VIX Short-Term Futures ETF (VIXY).
VIXY is a passively managed fund by ProFund Advisors LLC that tracks the performance of the S&P 500 VIX Short-Term Futures Index Total Return. It was launched on Jan 3, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^VVIX or VIXY.
Correlation
The correlation between ^VVIX and VIXY is -0.66. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
^VVIX vs. VIXY - Performance Comparison
Key characteristics
^VVIX:
0.33
VIXY:
0.12
^VVIX:
1.42
VIXY:
1.03
^VVIX:
1.16
VIXY:
1.13
^VVIX:
0.60
VIXY:
0.12
^VVIX:
1.11
VIXY:
0.31
^VVIX:
34.29%
VIXY:
39.31%
^VVIX:
113.36%
VIXY:
96.78%
^VVIX:
-78.10%
VIXY:
-100.00%
^VVIX:
-51.26%
VIXY:
-99.99%
Returns By Period
In the year-to-date period, ^VVIX achieves a -3.03% return, which is significantly lower than VIXY's 35.03% return. Over the past 10 years, ^VVIX has outperformed VIXY with an annualized return of 2.44%, while VIXY has yielded a comparatively lower -44.60% annualized return.
^VVIX
-3.03%
-31.25%
-16.94%
35.67%
-3.20%
2.44%
VIXY
35.03%
-16.86%
13.16%
19.76%
-52.86%
-44.60%
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Risk-Adjusted Performance
^VVIX vs. VIXY — Risk-Adjusted Performance Rank
^VVIX
VIXY
^VVIX vs. VIXY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE VIX Volatility Index (^VVIX) and ProShares VIX Short-Term Futures ETF (VIXY). 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. VIXY - Drawdown Comparison
The maximum ^VVIX drawdown since its inception was -78.10%, smaller than the maximum VIXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for ^VVIX and VIXY. For additional features, visit the drawdowns tool.
Volatility
^VVIX vs. VIXY - Volatility Comparison
CBOE VIX Volatility Index (^VVIX) and ProShares VIX Short-Term Futures ETF (VIXY) have volatilities of 42.64% and 42.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.