^VVIX vs. XXXX

Performance

Risk-Adjusted Performance

Drawdowns

Volatility

^VVIX vs. XXXX

Last updated May 18, 2025

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 0.99, 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. XXXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CBOE VIX Volatility Index (^VVIX) and MAX S&P 500 4X Leveraged ETN (XXXX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

^VVIX:

0.19

XXXX:

-0.02

Sortino Ratio

^VVIX:

1.23

XXXX:

0.59

Omega Ratio

^VVIX:

1.14

XXXX:

1.09

Calmar Ratio

^VVIX:

0.35

XXXX:

0.04

Martin Ratio

^VVIX:

0.63

XXXX:

0.11

Ulcer Index

^VVIX:

35.29%

XXXX:

21.40%

Daily Std Dev

^VVIX:

115.31%

XXXX:

77.27%

Max Drawdown

^VVIX:

-78.10%

XXXX:

-62.27%

Current Drawdown

^VVIX:

-54.27%

XXXX:

-30.73%

Returns By Period

In the year-to-date period, ^VVIX achieves a -9.00% return, which is significantly higher than XXXX's -18.45% return.

^VVIX

YTD

-9.00%

1M

-18.34%

6M

-4.03%

1Y

21.05%

5Y*

-5.51%

10Y*

2.12%

XXXX

YTD

-18.45%

1M

56.19%

6M

-21.05%

1Y

-1.88%

5Y*

N/A

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

^VVIX vs. XXXX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^VVIX

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

XXXX

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

^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.

The current ^VVIX Sharpe Ratio is 0.19, which is higher than the XXXX Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of ^VVIX and XXXX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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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.

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Volatility

^VVIX vs. XXXX - Volatility Comparison

CBOE VIX Volatility Index (^VVIX) and MAX S&P 500 4X Leveraged ETN (XXXX) have volatilities of 21.61% and 20.98%, 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.

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