DGV.MI vs. UVXY

Last updated Apr 3, 2026

Compare and contrast key facts about Digital Value S.p.A. (DGV.MI) and ProShares Ultra VIX Short-Term Futures ETF (UVXY).

UVXY is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX SHORT-TERM FUTURES TR (150%). It was launched on Oct 3, 2011.

Performance

DGV.MI vs. UVXY - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Digital Value S.p.A. (DGV.MI) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). The values are adjusted to include any dividend payments, if applicable.

DGV.MI vs. UVXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DGV.MI Digital Value S.p.A.	1.75%	21.43%	-60.30%	-6.12%	-41.49%	196.10%	116.29%	61.82%	2.80%
UVXY ProShares Ultra VIX Short-Term Futures ETF	43.18%	-69.43%	-47.66%	-88.07%	-41.39%	-87.46%	-24.19%	-83.87%	69.11%

Different Trading Currencies

DGV.MI is traded in EUR, while UVXY is traded in USD. To make them comparable, the UVXY values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, DGV.MI achieves a 1.75% return, which is significantly lower than UVXY's 43.18% return.

DGV.MI

• 1D: 0.17%
• 1M: 1.22%
• YTD: 1.75%
• 6M: -9.64%
• 1Y: 80.62%
• 3Y*: -22.70%
• 5Y*: -8.06%
• 10Y*: —

UVXY

• 1D: 0.47%
• 1M: 17.86%
• YTD: 43.18%
• 6M: -3.15%
• 1Y: -57.94%
• 3Y*: -65.02%
• 5Y*: -67.15%
• 10Y*: -72.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

DGV.MI vs. UVXY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DGV.MI

DGV.MI Risk / Return Rank: 89
DGV.MI Sharpe Ratio Rank: 85
DGV.MI Sortino Ratio Rank: 93
DGV.MI Omega Ratio Rank: 92
DGV.MI Calmar Ratio Rank: 91
DGV.MI Martin Ratio Rank: 82

UVXY

UVXY Risk / Return Rank: 5
UVXY Sharpe Ratio Rank: 4
UVXY Sortino Ratio Rank: 7
UVXY Omega Ratio Rank: 7
UVXY Calmar Ratio Rank: 2
UVXY Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DGV.MI vs. UVXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Digital Value S.p.A. (DGV.MI) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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.

	DGV.MI	UVXY	Difference
Sharpe ratio Return per unit of total volatility	1.66	-0.52	+2.19
Sortino ratio Return per unit of downside risk	3.32	-0.35	+3.67
Omega ratio Gain probability vs. loss probability	1.43	0.96	+0.48
Calmar ratio Return relative to maximum drawdown	4.65	-0.69	+5.34
Martin ratio Return relative to average drawdown	7.18	-0.82	+8.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DGV.MI vs. UVXY - Sharpe Ratio Comparison

The current DGV.MI Sharpe Ratio is 1.66, which is higher than the UVXY Sharpe Ratio of -0.52. The chart below compares the historical Sharpe Ratios of DGV.MI and UVXY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DGV.MI	UVXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	-0.52	+2.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	-0.63	+0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	-0.66	+0.97

Correlation

The correlation between DGV.MI and UVXY is -0.14. 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.

Dividends

DGV.MI vs. UVXY - Dividend Comparison

DGV.MI's dividend yield for the trailing twelve months is around 2.75%, while UVXY has not paid dividends to shareholders.

	TTM	2025	2024	2023
DGV.MI Digital Value S.p.A.	2.75%	2.80%	3.93%	1.38%
UVXY ProShares Ultra VIX Short-Term Futures ETF	0.00%	0.00%	0.00%	0.00%

Drawdowns

DGV.MI vs. UVXY - Drawdown Comparison

The maximum DGV.MI drawdown since its inception was -90.59%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for DGV.MI and UVXY.

Drawdown Indicators

	DGV.MI	UVXY	Difference
Max Drawdown Largest peak-to-trough decline	-90.59%	-100.00%	+9.41%
Max Drawdown (1Y) Largest decline over 1 year	-17.34%	-85.64%	+68.30%
Max Drawdown (5Y) Largest decline over 5 years	-90.59%	-99.77%	+9.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-100.00%	—
Current Drawdown Current decline from peak	-73.97%	-100.00%	+26.03%
Average Drawdown Average peak-to-trough decline	-33.46%	-98.53%	+65.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.23%	71.26%	-60.03%

Volatility

DGV.MI vs. UVXY - Volatility Comparison

The current volatility for Digital Value S.p.A. (DGV.MI) is 0.84%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 45.70%. This indicates that DGV.MI experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGV.MI	UVXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	45.70%	-44.86%
Volatility (6M) Calculated over the trailing 6-month period	9.57%	72.18%	-62.61%
Volatility (1Y) Calculated over the trailing 1-year period	48.45%	111.36%	-62.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.32%	106.53%	-50.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.01%	115.31%	-66.30%