BILL vs. ^VIX
BILL (Bill.com Holdings, Inc.) is a stock, while ^VIX (CBOE Volatility Index) is an index. Over the past 5 years, BILL returned -26.25%/yr vs -2.60%/yr for ^VIX. Their -0.38 correlation means they have often moved in opposite directions in the past.
Performance
BILL vs. ^VIX - Performance Comparison
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Returns By Period
In the year-to-date period, BILL achieves a -17.25% return, which is significantly lower than ^VIX's 6.96% return.
BILL
- 1D
- -0.57%
- 1M
- 11.49%
- 6M
- 4.54%
- YTD
- -17.25%
- 1Y
- 8.15%
- 3Y*
- -28.76%
- 5Y*
- -26.25%
- 10Y*
- —
- ALL TIME*
- 2.93%
^VIX
- 1D
- -6.44%
- 1M
- -0.99%
- 6M
- -8.31%
- YTD
- 6.96%
- 1Y
- -21.54%
- 3Y*
- 4.70%
- 5Y*
- -2.60%
- 10Y*
- 1.81%
- ALL TIME*
- -0.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $102.36M | $100.83M | $105.65M |
BILL vs. ^VIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BILL Bill.com Holdings, Inc. | -17.25% | -35.62% | 3.82% | -25.12% | -56.27% | 82.53% | 258.74% | 2.15% |
^VIX CBOE Volatility Index | 6.96% | -13.83% | 39.36% | -42.55% | 25.84% | -24.31% | 65.09% | -8.07% |
Correlation
The correlation between BILL and ^VIX is -0.25, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.25 |
Correlation (3Y) Balances recent behavior with more history. | -0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.40 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2019 | -0.38 |
The correlation between BILL and ^VIX shifts across timeframes, from -0.40 (5 years) to -0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BILL vs. ^VIX — Risk / Return Rank
BILL
^VIX
BILL vs. ^VIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bill.com Holdings, Inc. (BILL) 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.
| BILL | ^VIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.11 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | -0.08 | +0.21 |
| Martin ratioReturn relative to average drawdown | 0.24 | -0.13 | +0.37 |
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Drawdowns
BILL vs. ^VIX - Drawdown Comparison
The maximum BILL drawdown since its inception was -90.66%, roughly equal to the maximum ^VIX drawdown of -88.70%. Use the drawdown chart below to compare losses from any high point for BILL and ^VIX.
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Drawdown Indicators
| BILL | ^VIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.66% | -88.70% | -1.96% |
Max Drawdown (1Y)Largest decline over 1 year | -43.24% | -51.59% | +8.35% |
Max Drawdown (3Y)Largest decline over 3 years | -72.96% | -74.26% | +1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -90.66% | -74.26% | -16.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -85.66% | — |
Current DrawdownCurrent decline from peak | -86.81% | -80.66% | -6.15% |
Average DrawdownAverage peak-to-trough decline | -55.36% | -64.12% | +8.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.14% | 33.86% | -11.72% |
Volatility
BILL vs. ^VIX - Volatility Comparison
The current volatility for Bill.com Holdings, Inc. (BILL) is 15.47%, while CBOE Volatility Index (^VIX) has a volatility of 37.09%. This indicates that BILL 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
| BILL | ^VIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.47% | 37.09% | -21.62% |
Volatility (6M)Calculated over the trailing 6-month period | 50.62% | 92.23% | -41.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.08% | 127.66% | -62.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.78% | 127.54% | -56.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.64% | 136.71% | -64.07% |
Frequently Asked Questions
BILL and ^VIX have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^VIX has higher volatility (37.09%) compared to BILL (15.47%). In terms of maximum drawdown, BILL dropped -90.66% vs ^VIX's -88.70%.
BILL currently has the higher Sharpe Ratio (0.08 vs -0.03), 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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