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.
Key characteristics
| BILL | ^VIX | |
|---|---|---|
| YTD Return | -30.65% | 8.35% |
| 1Y Return | -29.20% | -32.85% |
| 3Y Return (Ann) | -27.17% | -11.15% |
| Sharpe Ratio | -0.49 | -0.25 |
| Daily Std Dev | 57.41% | 81.89% |
| Max Drawdown | -83.63% | -88.70% |
| Current Drawdown | -83.47% | -83.69% |
Correlation
The correlation between BILL and ^VIX is -0.39. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BILL vs. ^VIX - Performance Comparison
In the year-to-date period, BILL achieves a -30.65% return, which is significantly lower than ^VIX's 8.35% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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.
Drawdowns
BILL vs. ^VIX - Drawdown Comparison
The maximum BILL drawdown since its inception was -83.63%, smaller than the maximum ^VIX drawdown of -88.70%. Use the drawdown chart below to compare losses from any high point for BILL and ^VIX. For additional features, visit the drawdowns tool.
Volatility
BILL vs. ^VIX - Volatility Comparison
The current volatility for Bill.com Holdings, Inc. (BILL) is 15.34%, while CBOE Volatility Index (^VIX) has a volatility of 28.51%. 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.