GOOGL vs. VXX
GOOGL (Alphabet Inc. Class A) is a stock, while VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) is Volatility fund tracking the S&P 500 VIX Short-Term Futures Index Total Return. Over the past 10 years, GOOGL returned 24.88%/yr vs -46.65%/yr for VXX. At a correlation of -0.54, they often move in opposite directions.
Performance
GOOGL vs. VXX - Performance Comparison
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Returns By Period
In the year-to-date period, GOOGL achieves a 11.05% return, which is significantly higher than VXX's -19.27% return. Over the past 10 years, GOOGL has outperformed VXX with an annualized return of 24.88%, while VXX has yielded a comparatively lower -46.65% annualized return.
GOOGL
- 1D
- -1.38%
- 1M
- -5.67%
- 6M
- 7.95%
- YTD
- 11.05%
- 1Y
- 83.14%
- 3Y*
- 42.90%
- 5Y*
- 22.22%
- 10Y*
- 24.88%
- ALL TIME*
- 25.30%
VXX
- 1D
- -3.39%
- 1M
- -6.27%
- 6M
- -27.26%
- YTD
- -19.27%
- 1Y
- -52.36%
- 3Y*
- -39.14%
- 5Y*
- -46.50%
- 10Y*
- -46.65%
- ALL TIME*
- -51.48%
GOOGL vs. VXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOOGL Alphabet Inc. Class A | 11.05% | 65.99% | 36.01% | 58.32% | -39.09% | 65.30% | 30.85% | 28.18% | -0.80% | 32.93% |
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN | -19.27% | -42.21% | -26.22% | -72.52% | -23.80% | -72.41% | 11.04% | -67.75% | 67.91% | -72.64% |
Correlation
The correlation between GOOGL and VXX is -0.46, 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 | -0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2009 | -0.54 |
The correlation between GOOGL and VXX has been stable across timeframes, ranging from -0.54 to -0.45 - a consistent structural relationship.
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Return for Risk
GOOGL vs. VXX — Risk / Return Rank
GOOGL
VXX
GOOGL vs. VXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc. Class A (GOOGL) 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.
| GOOGL | VXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.67 | ||
| Sortino ratioReturn per unit of downside risk | +5.35 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 0.84 | +0.63 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | -0.96 | +5.07 |
| Martin ratioReturn relative to average drawdown | 12.39 | -1.52 | +13.91 |
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Drawdowns
GOOGL vs. VXX - Drawdown Comparison
The maximum GOOGL drawdown since its inception was -65.29%, smaller than the maximum VXX drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for GOOGL and VXX.
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Drawdown Indicators
| GOOGL | VXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.29% | -100.00% | +34.71% |
Max Drawdown (1Y)Largest decline over 1 year | -20.37% | -54.59% | +34.22% |
Max Drawdown (3Y)Largest decline over 3 years | -29.81% | -80.75% | +50.94% |
Max Drawdown (5Y)Largest decline over 5 years | -44.32% | -95.85% | +51.53% |
Max Drawdown (10Y)Largest decline over 10 years | -44.32% | -99.82% | +55.50% |
Current DrawdownCurrent decline from peak | -13.73% | -100.00% | +86.27% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -95.10% | +82.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.73% | 34.50% | -27.77% |
Volatility
GOOGL vs. VXX - Volatility Comparison
The current volatility for Alphabet Inc. Class A (GOOGL) is 10.50%, while iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) has a volatility of 12.47%. This indicates that GOOGL 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
| GOOGL | VXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.50% | 12.47% | -1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 22.75% | 44.07% | -21.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.54% | 56.60% | -26.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.67% | 67.53% | -35.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.28% | 70.33% | -41.05% |
Dividends
GOOGL vs. VXX - Dividend Comparison
GOOGL's dividend yield for the trailing twelve months is around 0.24%, while VXX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GOOGL Alphabet Inc. Class A | 0.24% | 0.27% | 0.32% |
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GOOGL and VXX have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VXX has higher volatility (12.47%) compared to GOOGL (10.50%). In terms of maximum drawdown, GOOGL dropped -65.29% vs VXX's -100.00%.
GOOGL currently has the higher Sharpe Ratio (2.75 vs -0.93), 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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