Correlation
The correlation between BILL and ^VIX is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
BILL vs. ^VIX
Compare and contrast key facts about Bill.com Holdings, Inc. (BILL) and CBOE Volatility Index (^VIX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BILL or ^VIX.
Performance
BILL vs. ^VIX - Performance Comparison
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Key characteristics
BILL:
-0.24
^VIX:
0.16
BILL:
0.09
^VIX:
1.96
BILL:
1.01
^VIX:
1.24
BILL:
-0.18
^VIX:
0.61
BILL:
-0.54
^VIX:
1.06
BILL:
29.26%
^VIX:
49.16%
BILL:
62.74%
^VIX:
173.61%
BILL:
-88.95%
^VIX:
-88.70%
BILL:
-87.24%
^VIX:
-77.54%
Returns By Period
In the year-to-date period, BILL achieves a -48.44% return, which is significantly lower than ^VIX's 7.03% return.
BILL
-48.44%
-4.15%
-51.59%
-14.82%
-28.25%
-8.91%
N/A
^VIX
7.03%
-24.82%
37.45%
28.33%
-10.83%
-7.56%
2.69%
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Risk-Adjusted Performance
BILL vs. ^VIX — Risk-Adjusted Performance Rank
BILL
^VIX
BILL vs. ^VIX - Risk-Adjusted Performance 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.
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Drawdowns
BILL vs. ^VIX - Drawdown Comparison
The maximum BILL drawdown since its inception was -88.95%, 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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Volatility
BILL vs. ^VIX - Volatility Comparison
The current volatility for Bill.com Holdings, Inc. (BILL) is 11.72%, while CBOE Volatility Index (^VIX) has a volatility of 31.32%. 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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