^VVIX vs. XXXX
Compare and contrast key facts about CBOE VIX Volatility Index (^VVIX) and MAX S&P 500 4X Leveraged ETN (XXXX).
XXXX is a passively managed fund by Max that tracks the performance of the S&P 500. It was launched on Dec 4, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^VVIX or XXXX.
Correlation
The correlation between ^VVIX and XXXX is -0.68. 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. XXXX - Performance Comparison
Key characteristics
^VVIX:
0.22
XXXX:
-0.20
^VVIX:
1.28
XXXX:
0.22
^VVIX:
1.15
XXXX:
1.03
^VVIX:
0.40
XXXX:
-0.25
^VVIX:
0.76
XXXX:
-0.84
^VVIX:
33.59%
XXXX:
18.44%
^VVIX:
113.18%
XXXX:
76.23%
^VVIX:
-78.10%
XXXX:
-62.27%
^VVIX:
-50.39%
XXXX:
-52.89%
Returns By Period
In the year-to-date period, ^VVIX achieves a -1.29% return, which is significantly higher than XXXX's -44.53% return.
^VVIX
-1.29%
17.75%
-6.25%
23.17%
-2.97%
2.40%
XXXX
-44.53%
-34.63%
-45.36%
-21.74%
N/A
N/A
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Risk-Adjusted Performance
^VVIX vs. XXXX — Risk-Adjusted Performance Rank
^VVIX
XXXX
^VVIX vs. XXXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE VIX Volatility Index (^VVIX) and MAX S&P 500 4X Leveraged ETN (XXXX). 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. XXXX - Drawdown Comparison
The maximum ^VVIX drawdown since its inception was -78.10%, which is greater than XXXX's maximum drawdown of -62.27%. Use the drawdown chart below to compare losses from any high point for ^VVIX and XXXX. For additional features, visit the drawdowns tool.
Volatility
^VVIX vs. XXXX - Volatility Comparison
The current volatility for CBOE VIX Volatility Index (^VVIX) is 48.40%, while MAX S&P 500 4X Leveraged ETN (XXXX) has a volatility of 54.70%. This indicates that ^VVIX experiences smaller price fluctuations and is considered to be less risky than XXXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.