DDOG vs. UVIX
DDOG (Datadog, 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, DDOG returned 34.31%/yr vs -81.05%/yr for UVIX. At a correlation of -0.39, they often move in opposite directions.
Performance
DDOG vs. UVIX - Performance Comparison
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Returns By Period
In the year-to-date period, DDOG achieves a 70.37% return, which is significantly higher than UVIX's -29.77% return.
DDOG
- 1D
- -1.04%
- 1M
- 15.75%
- YTD
- 70.37%
- 6M
- 50.17%
- 1Y
- 89.65%
- 3Y*
- 34.31%
- 5Y*
- 20.36%
- 10Y*
- —
UVIX
- 1D
- -3.37%
- 1M
- -23.18%
- YTD
- -29.77%
- 6M
- -49.30%
- 1Y
- -84.55%
- 3Y*
- -81.05%
- 5Y*
- —
- 10Y*
- —
DDOG vs. UVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DDOG Datadog, Inc. | 70.37% | -4.83% | 17.72% | 65.14% | -52.71% |
UVIX 2x Long VIX Futures ETF | -29.77% | -83.21% | -75.24% | -95.28% | -61.86% |
Correlation
The correlation between DDOG and UVIX is -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022 | -0.39 |
The correlation between DDOG and UVIX shifts across timeframes, from -0.39 (all time) to -0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DDOG vs. UVIX — Risk / Return Rank
DDOG
UVIX
DDOG vs. UVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Datadog, Inc. (DDOG) 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.
| DDOG | UVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.13 | ||
| Sortino ratioReturn per unit of downside risk | +4.05 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.82 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | -0.96 | +2.82 |
| Martin ratioReturn relative to average drawdown | 3.63 | -1.23 | +4.87 |
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
| DDOG | UVIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | -0.75 | +2.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | -0.61 | +1.14 |
Drawdowns
DDOG vs. UVIX - Drawdown Comparison
The maximum DDOG drawdown since its inception was -68.11%, smaller than the maximum UVIX drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for DDOG and UVIX.
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Drawdown Indicators
| DDOG | UVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.11% | -99.97% | +31.86% |
Max Drawdown (1Y)Largest decline over 1 year | -48.62% | -88.01% | +39.39% |
Max Drawdown (3Y)Largest decline over 3 years | -48.62% | -99.39% | +50.77% |
Max Drawdown (5Y)Largest decline over 5 years | -68.11% | — | — |
Current DrawdownCurrent decline from peak | -16.51% | -99.97% | +83.46% |
Average DrawdownAverage peak-to-trough decline | -30.87% | -88.56% | +57.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.77% | 68.43% | -43.66% |
Volatility
DDOG vs. UVIX - Volatility Comparison
The current volatility for Datadog, Inc. (DDOG) is 19.53%, while 2x Long VIX Futures ETF (UVIX) has a volatility of 22.21%. This indicates that DDOG experiences smaller price fluctuations and is considered to be less risky 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
| DDOG | UVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.53% | 22.21% | -2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 50.44% | 83.76% | -33.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.67% | 112.55% | -46.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.25% | 136.19% | -77.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.06% | 136.19% | -76.13% |
Dividends
DDOG vs. UVIX - Dividend Comparison
Neither DDOG nor UVIX has paid dividends to shareholders.
Frequently Asked Questions
DDOG and UVIX 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.
UVIX has higher volatility (22.21%) compared to DDOG (19.53%). In terms of maximum drawdown, DDOG dropped -68.11% vs UVIX's -99.97%.
DDOG currently has the higher Sharpe Ratio (1.38 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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