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 -26.33%/yr vs -1.46%/yr for ^VIX. At a correlation of -0.38, they often move in opposite directions.
Performance
BILL vs. ^VIX - Performance Comparison
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Returns By Period
In the year-to-date period, BILL achieves a -24.17% return, which is significantly lower than ^VIX's 0.54% return.
BILL
- 1D
- 2.07%
- 1M
- 24.65%
- 6M
- -24.08%
- YTD
- -24.17%
- 1Y
- -7.53%
- 3Y*
- -30.20%
- 5Y*
- -26.33%
- 10Y*
- —
^VIX
- 1D
- -5.11%
- 1M
- -14.99%
- 6M
- 3.73%
- YTD
- 0.54%
- 1Y
- -8.35%
- 3Y*
- 0.42%
- 5Y*
- -1.46%
- 10Y*
- 1.04%
BILL vs. ^VIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BILL Bill.com Holdings, Inc. | -24.17% | -35.62% | 3.82% | -25.12% | -56.27% | 82.53% | 258.74% | 2.15% |
^VIX CBOE Volatility Index | 0.54% | -13.83% | 39.36% | -42.55% | 25.84% | -24.31% | 65.09% | -8.07% |
Correlation
The correlation between BILL and ^VIX 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 | -0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.41 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2019 | -0.38 |
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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 | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.10 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | -0.09 | -0.16 |
| Martin ratioReturn relative to average drawdown | -0.50 | -0.15 | -0.35 |
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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 | -76.42% | -74.26% | -2.16% |
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 | -87.92% | -81.82% | -6.10% |
Average DrawdownAverage peak-to-trough decline | -55.07% | -64.09% | +9.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.80% | 32.23% | -10.43% |
Volatility
BILL vs. ^VIX - Volatility Comparison
The current volatility for Bill.com Holdings, Inc. (BILL) is 14.23%, while CBOE Volatility Index (^VIX) has a volatility of 34.01%. 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 | 14.23% | 34.01% | -19.78% |
Volatility (6M)Calculated over the trailing 6-month period | 50.59% | 91.72% | -41.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.18% | 123.59% | -59.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.60% | 127.41% | -56.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.76% | 136.37% | -63.61% |
Frequently Asked Questions
BILL and ^VIX 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.
^VIX has higher volatility (34.01%) compared to BILL (14.23%). In terms of maximum drawdown, BILL dropped -90.66% vs ^VIX's -88.70%.
^VIX currently has the higher Sharpe Ratio (-0.04 vs -0.17), 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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