EDGE vs. VXX
EDGE (MRBL Enhanced Equity ETF) and VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) are both exchange-traded funds - EDGE is a Derivative Income fund actively managed by MRBL, while VXX is a Volatility fund tracking the S&P 500 VIX Short-Term Futures Index Total Return. EDGE is actively managed, while VXX is passively managed. Over the past year, EDGE returned 25.23% vs -53.11% for VXX. At a correlation of -0.82, they often move in opposite directions. EDGE charges 0.74%/yr vs 0.89%/yr for VXX.
Performance
EDGE vs. VXX - Performance Comparison
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Returns By Period
In the year-to-date period, EDGE achieves a 10.80% return, which is significantly higher than VXX's -18.74% return.
EDGE
- 1D
- 0.48%
- 1M
- 2.52%
- 6M
- 9.23%
- YTD
- 10.80%
- 1Y
- 25.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VXX
- 1D
- -1.24%
- 1M
- -11.12%
- 6M
- -18.92%
- YTD
- -18.74%
- 1Y
- -53.11%
- 3Y*
- -39.19%
- 5Y*
- -46.02%
- 10Y*
- -46.85%
EDGE vs. VXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EDGE MRBL Enhanced Equity ETF | 10.80% | 12.94% |
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN | -18.74% | -37.14% |
Correlation
The correlation between EDGE and VXX is -0.81, 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 | -0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2025 | -0.82 |
The correlation between EDGE and VXX has been stable across timeframes, ranging from -0.82 to -0.81 - a consistent structural relationship.
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Return for Risk
EDGE vs. VXX — Risk / Return Rank
EDGE
VXX
EDGE vs. VXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MRBL Enhanced Equity ETF (EDGE) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX). 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.
| EDGE | VXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.04 | ||
| Sortino ratioReturn per unit of downside risk | +4.41 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.83 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | -0.99 | +3.80 |
| Martin ratioReturn relative to average drawdown | 14.41 | -1.58 | +15.99 |
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Drawdowns
EDGE vs. VXX - Drawdown Comparison
The maximum EDGE drawdown since its inception was -20.66%, smaller than the maximum VXX drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for EDGE and VXX.
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Drawdown Indicators
| EDGE | VXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.66% | -100.00% | +79.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -53.98% | +44.97% |
Max Drawdown (3Y)Largest decline over 3 years | — | -80.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -96.22% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.82% | — |
Current DrawdownCurrent decline from peak | -0.42% | -100.00% | +99.58% |
Average DrawdownAverage peak-to-trough decline | -2.71% | -95.09% | +92.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 33.70% | -31.95% |
Volatility
EDGE vs. VXX - Volatility Comparison
The current volatility for MRBL Enhanced Equity ETF (EDGE) is 3.81%, while iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) has a volatility of 13.78%. This indicates that EDGE experiences smaller price fluctuations and is considered to be less risky than VXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDGE | VXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 13.78% | -9.97% |
Volatility (6M)Calculated over the trailing 6-month period | 10.16% | 43.71% | -33.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.14% | 56.17% | -44.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 67.95% | -52.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 70.30% | -54.42% |
EDGE vs. VXX - Expense Ratio Comparison
EDGE has a 0.74% expense ratio, which is lower than VXX's 0.89% expense ratio.
Dividends
EDGE vs. VXX - Dividend Comparison
Neither EDGE nor VXX has paid dividends to shareholders.
Frequently Asked Questions
EDGE and VXX have a correlation of -0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VXX has higher volatility (13.78%) compared to EDGE (3.81%). In terms of maximum drawdown, EDGE dropped -20.66% vs VXX's -100.00%.
On 1-year performance, EDGE leads with 25.23% vs -53.11% for VXX. On fees, EDGE is cheaper at 0.74% per year. On volatility, EDGE has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EDGE has performed better with a 25.23% return vs -53.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EDGE is cheaper with a 0.74% expense ratio, compared with 0.89% for VXX.
EDGE and VXX have nearly identical dividend yields, around 0.00%.
EDGE is categorized as Derivative Income, while VXX is Volatility. They also come from different issuers: MRBL and Barclays Capital. Their fees differ too: 0.74% for EDGE and 0.89% for VXX.
EDGE currently has the higher Sharpe Ratio (2.09 vs -0.95), 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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