^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 0.77, 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. VIXY - Performance Comparison
Key characteristics
^VVIX:
0.35
VIXY:
-0.32
^VVIX:
1.38
VIXY:
0.01
^VVIX:
1.16
VIXY:
1.00
^VVIX:
0.56
VIXY:
-0.26
^VVIX:
1.10
VIXY:
-0.70
^VVIX:
33.27%
VIXY:
37.64%
^VVIX:
103.19%
VIXY:
82.00%
^VVIX:
-78.10%
VIXY:
-100.00%
^VVIX:
-49.08%
VIXY:
-100.00%
Returns By Period
In the year-to-date period, ^VVIX achieves a 1.32% return, which is significantly higher than VIXY's -3.24% return. Over the past 10 years, ^VVIX has outperformed VIXY with an annualized return of 2.49%, while VIXY has yielded a comparatively lower -48.00% annualized return.
^VVIX
1.32%
5.12%
6.54%
30.70%
0.16%
2.49%
VIXY
-3.24%
3.81%
-4.05%
-24.38%
-46.44%
-48.00%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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) has a higher volatility of 21.65% compared to ProShares VIX Short-Term Futures ETF (VIXY) at 12.55%. This indicates that ^VVIX's price experiences larger fluctuations and is considered to be riskier than VIXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.