PL=F vs. VXX

Last updated Jun 26, 2026

PL=F (Platinum) is an asset, 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. At a correlation of -0.00, they often move in opposite directions.

Performance

PL=F vs. VXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Platinum (PL=F) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PL=F

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VXX

• 1D: -1.86%
• 1M: -9.32%
• YTD: -12.16%
• 6M: -14.08%
• 1Y: -52.08%
• 3Y*: -39.64%
• 5Y*: -45.10%
• 10Y*: -48.35%

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

PL=F vs. VXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PL=F Platinum	0.00%	0.00%	0.00%	0.00%	-10.92%
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN	-12.16%	-42.21%	-26.22%	-72.52%	-38.47%

Correlation

The correlation between PL=F and VXX is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	-0.00

Return for Risk

PL=F vs. VXX — Risk / Return Rank

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

PL=F

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

VXX

VXX Risk / Return Rank: 1
VXX Sharpe Ratio Rank: 2
VXX Sortino Ratio Rank: 2
VXX Omega Ratio Rank: 2
VXX Calmar Ratio Rank: 0
VXX Martin Ratio Rank: 1

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.

PL=F vs. VXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Platinum (PL=F) 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.

	PL=F	VXX	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.93	—
Sortino ratio: Return per unit of downside risk	—	-1.49	—
Omega ratio: Gain probability vs. loss probability	—	0.83	—
Calmar ratio: Return relative to maximum drawdown	—	-0.98	—
Martin ratio: Return relative to average drawdown	—	-1.50	—

Drawdowns

Drawdown Indicators

	PL=F	VXX	Difference
Max Drawdown Largest peak-to-trough decline	—	-100.00%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-53.48%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-79.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-95.97%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.85%	—
Current Drawdown Current decline from peak	—	-100.00%	—
Average Drawdown Average peak-to-trough decline	—	-95.08%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	34.97%	—

Volatility

Volatility by Period

	PL=F	VXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.03%	—
Volatility (6M) Calculated over the trailing 6-month period	—	43.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	55.88%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	68.03%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	70.38%	—

Frequently Asked Questions

Can I hold both PL=F and VXX in my portfolio?

PL=F and VXX have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.