AEVA vs. UVIX
AEVA (Aeva Technologies, Inc.) is a stock, while UVIX (2x Long VIX Futures ETF) is Volatility fund tracking the Long VIX Futures Index (200% Daily). Over the past 3 years, AEVA returned 49.22%/yr vs -81.05%/yr for UVIX. At a correlation of -0.34, they often move in opposite directions.
Performance
AEVA vs. UVIX - Performance Comparison
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Returns By Period
In the year-to-date period, AEVA achieves a 73.87% return, which is significantly higher than UVIX's -29.77% return.
AEVA
- 1D
- 0.35%
- 1M
- 70.15%
- YTD
- 73.87%
- 6M
- 53.02%
- 1Y
- 10.48%
- 3Y*
- 49.22%
- 5Y*
- -16.40%
- 10Y*
- —
UVIX
- 1D
- -3.37%
- 1M
- -23.18%
- YTD
- -29.77%
- 6M
- -49.30%
- 1Y
- -84.55%
- 3Y*
- -81.05%
- 5Y*
- —
- 10Y*
- —
AEVA vs. UVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AEVA Aeva Technologies, Inc. | 73.87% | 179.58% | 25.38% | -44.29% | -70.24% |
UVIX 2x Long VIX Futures ETF | -29.77% | -83.21% | -75.24% | -95.28% | -61.86% |
Correlation
The correlation between AEVA and UVIX is -0.31, 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 | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022 | -0.34 |
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Return for Risk
AEVA vs. UVIX — Risk / Return Rank
AEVA
UVIX
AEVA vs. UVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aeva Technologies, Inc. (AEVA) and 2x Long VIX Futures ETF (UVIX). 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.
| AEVA | UVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.82 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | -0.96 | +1.10 |
| Martin ratioReturn relative to average drawdown | 0.19 | -1.23 | +1.42 |
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
| AEVA | UVIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | -0.75 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | -0.61 | +0.49 |
Drawdowns
AEVA vs. UVIX - Drawdown Comparison
The maximum AEVA drawdown since its inception was -97.71%, roughly equal to the maximum UVIX drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for AEVA and UVIX.
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Drawdown Indicators
| AEVA | UVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.71% | -99.97% | +2.26% |
Max Drawdown (1Y)Largest decline over 1 year | -75.68% | -88.01% | +12.33% |
Max Drawdown (3Y)Largest decline over 3 years | -75.68% | -99.39% | +23.71% |
Max Drawdown (5Y)Largest decline over 5 years | -96.02% | — | — |
Current DrawdownCurrent decline from peak | -76.91% | -99.97% | +23.06% |
Average DrawdownAverage peak-to-trough decline | -70.68% | -88.56% | +17.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.91% | 68.43% | -12.52% |
Volatility
AEVA vs. UVIX - Volatility Comparison
Aeva Technologies, Inc. (AEVA) has a higher volatility of 39.11% compared to 2x Long VIX Futures ETF (UVIX) at 22.21%. This indicates that AEVA's price experiences larger fluctuations and is considered to be riskier than UVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEVA | UVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.11% | 22.21% | +16.90% |
Volatility (6M)Calculated over the trailing 6-month period | 78.74% | 83.76% | -5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 114.82% | 112.55% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.00% | 136.19% | -39.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.35% | 136.19% | -44.84% |
Dividends
AEVA vs. UVIX - Dividend Comparison
Neither AEVA nor UVIX has paid dividends to shareholders.
Frequently Asked Questions
AEVA and UVIX have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AEVA has higher volatility (39.11%) compared to UVIX (22.21%). In terms of maximum drawdown, AEVA dropped -97.71% vs UVIX's -99.97%.
AEVA currently has the higher Sharpe Ratio (0.09 vs -0.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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