AAPL.NEO vs. ^VIX
AAPL.NEO (Apple Inc CDR) is a stock, while ^VIX (CBOE Volatility Index) is an index. Over the past 3 years, AAPL.NEO returned 17.61%/yr vs 2.65%/yr for ^VIX. At a correlation of -0.50, they often move in opposite directions.
Performance
AAPL.NEO vs. ^VIX - Performance Comparison
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Different Trading Currencies
AAPL.NEO is traded in CAD, while ^VIX is traded in USD. To make them comparable, the ^VIX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AAPL.NEO achieves a 13.85% return, which is significantly higher than ^VIX's 4.41% return.
AAPL.NEO
- 1D
- 0.48%
- 1M
- 8.14%
- YTD
- 13.85%
- 6M
- 10.83%
- 1Y
- 52.65%
- 3Y*
- 17.61%
- 5Y*
- —
- 10Y*
- —
^VIX
- 1D
- -4.03%
- 1M
- -9.66%
- YTD
- 4.41%
- 6M
- 0.62%
- 1Y
- -15.23%
- 3Y*
- 2.65%
- 5Y*
- 1.57%
- 10Y*
- 2.04%
AAPL.NEO vs. ^VIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AAPL.NEO Apple Inc CDR | 13.85% | 6.55% | 29.10% | 47.14% | -27.57% | 19.47% |
^VIX CBOE Volatility Index | 4.41% | -17.79% | 51.33% | -43.81% | 34.81% | 3.00% |
Correlation
The correlation between AAPL.NEO and ^VIX is -0.45, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.45 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021 | -0.50 |
The correlation between AAPL.NEO and ^VIX has been stable across timeframes, ranging from -0.50 to -0.45 - a consistent structural relationship.
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Return for Risk
AAPL.NEO vs. ^VIX — Risk / Return Rank
AAPL.NEO
^VIX
AAPL.NEO vs. ^VIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Apple Inc CDR (AAPL.NEO) and CBOE Volatility Index (^VIX). 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.
| AAPL.NEO | ^VIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.08 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | -0.21 | +3.78 |
| Martin ratioReturn relative to average drawdown | 8.86 | -0.33 | +9.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AAPL.NEO | ^VIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | -0.09 | +2.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | -0.02 | +0.58 |
Drawdowns
AAPL.NEO vs. ^VIX - Drawdown Comparison
The maximum AAPL.NEO drawdown since its inception was -33.25%, smaller than the maximum ^VIX drawdown of -86.03%. Use the drawdown chart below to compare losses from any high point for AAPL.NEO and ^VIX.
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Drawdown Indicators
| AAPL.NEO | ^VIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.25% | -86.03% | +52.78% |
Max Drawdown (1Y)Largest decline over 1 year | -14.27% | -51.03% | +36.76% |
Max Drawdown (3Y)Largest decline over 3 years | -33.25% | -75.33% | +42.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -75.33% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.03% | — |
Current DrawdownCurrent decline from peak | -1.14% | -81.52% | +80.38% |
Average DrawdownAverage peak-to-trough decline | -9.54% | -65.66% | +56.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.74% | 32.53% | -26.79% |
Volatility
AAPL.NEO vs. ^VIX - Volatility Comparison
The current volatility for Apple Inc CDR (AAPL.NEO) is 5.40%, while CBOE Volatility Index (^VIX) has a volatility of 15.90%. This indicates that AAPL.NEO experiences smaller price fluctuations and is considered to be less risky than ^VIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPL.NEO | ^VIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | 15.90% | -10.50% |
Volatility (6M)Calculated over the trailing 6-month period | 16.08% | 79.17% | -63.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.25% | 113.27% | -90.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.95% | 126.40% | -98.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.95% | 138.69% | -110.74% |
Frequently Asked Questions
AAPL.NEO and ^VIX have a correlation of -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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