AAPL.NEO vs. ^VIX

Last updated Jul 21, 2026

AAPL.NEO (Apple Inc CDR) is a stock, while ^VIX (CBOE Volatility Index) is an index. Over the past 3 years, AAPL.NEO returned 19.11%/yr vs 13.43%/yr for ^VIX. At a correlation of -0.49, they often move in opposite directions.

Performance

AAPL.NEO vs. ^VIX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Apple Inc CDR (AAPL.NEO) and CBOE Volatility Index (^VIX). The values are adjusted to include any dividend payments, if applicable.

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 18.64% return, which is significantly lower than ^VIX's 27.70% return.

AAPL.NEO

• 1D: -2.17%
• 1M: 9.27%
• 6M: 28.26%
• YTD: 18.64%
• 1Y: 51.71%
• 3Y*: 19.11%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.96%

^VIX

• 1D: -0.77%
• 1M: 13.07%
• 6M: 18.70%
• YTD: 27.70%
• 1Y: 15.99%
• 3Y*: 13.43%
• 5Y*: 2.87%
• 10Y*: 5.22%
• ALL TIME*: 0.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAPL.NEO vs. ^VIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AAPL.NEO Apple Inc CDR	18.64%	6.56%	31.55%	51.61%	-25.31%	19.30%
^VIX CBOE Volatility Index	27.70%	-17.77%	51.16%	-43.91%	33.82%	0.74%

Correlation

The correlation between AAPL.NEO and ^VIX is -0.40, 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	-0.40
Correlation (3Y) Calculated over the trailing 3-year period	-0.44
Correlation (All Time) Calculated using the full available price history since Aug 25, 2021	-0.49

Return for Risk

AAPL.NEO vs. ^VIX — Risk / Return Rank

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

AAPL.NEO

AAPL.NEO Risk / Return Rank: 91
AAPL.NEO Sharpe Ratio Rank: 93
AAPL.NEO Sortino Ratio Rank: 92
AAPL.NEO Omega Ratio Rank: 91
AAPL.NEO Calmar Ratio Rank: 90
AAPL.NEO Martin Ratio Rank: 89

^VIX

^VIX Risk / Return Rank: 18
^VIX Sharpe Ratio Rank: 7
^VIX Sortino Ratio Rank: 29
^VIX Omega Ratio Rank: 28
^VIX Calmar Ratio Rank: 15
^VIX Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AAPL.NEO	^VIX	Difference
Sharpe ratio: Return per unit of total volatility	2.10	0.13	+1.97
Sortino ratio: Return per unit of downside risk	2.93	1.19	+1.74
Omega ratio: Gain probability vs. loss probability	1.38	1.14	+0.24
Calmar ratio: Return relative to maximum drawdown	3.66	0.31	+3.34
Martin ratio: Return relative to average drawdown	8.67	0.48	+8.19

AAPL.NEO vs. ^VIX - Sharpe Ratio Comparison

The current AAPL.NEO Sharpe Ratio is 2.10, which is higher than the ^VIX Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of AAPL.NEO and ^VIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AAPL.NEO vs. ^VIX - Drawdown Comparison

The maximum AAPL.NEO drawdown since its inception was -34.02%, smaller than the maximum ^VIX drawdown of -89.48%. Use the drawdown chart below to compare losses from any high point for AAPL.NEO and ^VIX.

Drawdown Indicators

	AAPL.NEO	^VIX	Difference
Max Drawdown Largest peak-to-trough decline	-34.02%	-89.48%	+55.46%
Max Drawdown (1Y) Largest decline over 1 year	-14.22%	-50.91%	+36.69%
Max Drawdown (3Y) Largest decline over 3 years	-34.02%	-75.26%	+41.24%
Max Drawdown (5Y) Largest decline over 5 years	—	-75.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-85.84%	—
Current Drawdown Current decline from peak	-2.17%	-77.08%	+74.91%
Average Drawdown Average peak-to-trough decline	-8.76%	-69.35%	+60.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.98%	33.27%	-27.29%

Volatility

AAPL.NEO vs. ^VIX - Volatility Comparison

The current volatility for Apple Inc CDR (AAPL.NEO) is 11.50%, while CBOE Volatility Index (^VIX) has a volatility of 31.07%. 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.

Volatility by Period

	AAPL.NEO	^VIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.50%	31.07%	-19.57%
Volatility (6M) Calculated over the trailing 6-month period	19.58%	93.24%	-73.66%
Volatility (1Y) Calculated over the trailing 1-year period	24.84%	125.83%	-100.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.09%	127.37%	-99.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.09%	136.85%	-108.76%

Frequently Asked Questions

Can I hold both AAPL.NEO and ^VIX in my portfolio?

AAPL.NEO and ^VIX have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.