REW vs. VXX
Compare and contrast key facts about ProShares UltraShort Technology (REW) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX).
REW and VXX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. REW is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Technology Index (-200%). It was launched on Jan 30, 2007. VXX is a passively managed fund by Barclays Capital that tracks the performance of the S&P 500 VIX Short-Term Futures Index Total Return. It was launched on Jan 19, 2018. Both REW and VXX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: REW or VXX.
Performance
REW vs. VXX - Performance Comparison
Returns By Period
In the year-to-date period, REW achieves a -30.90% return, which is significantly lower than VXX's -24.95% return.
REW
-30.90%
1.69%
-15.96%
-37.02%
-44.45%
-39.59%
VXX
-24.95%
-12.64%
2.53%
-38.21%
-47.05%
N/A
Key characteristics
| REW | VXX | |
|---|---|---|
| Sharpe Ratio | -0.85 | -0.53 |
| Sortino Ratio | -1.21 | -0.58 |
| Omega Ratio | 0.86 | 0.93 |
| Calmar Ratio | -0.38 | -0.40 |
| Martin Ratio | -1.40 | -1.17 |
| Ulcer Index | 26.91% | 33.63% |
| Daily Std Dev | 44.38% | 74.42% |
| Max Drawdown | -99.98% | -99.08% |
| Current Drawdown | -99.98% | -98.94% |
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REW vs. VXX - Expense Ratio Comparison
REW has a 0.95% expense ratio, which is higher than VXX's 0.89% expense ratio.
Correlation
The correlation between REW and VXX is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
REW vs. VXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Technology (REW) 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.
Dividends
REW vs. VXX - Dividend Comparison
REW's dividend yield for the trailing twelve months is around 6.24%, while VXX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
REW ProShares UltraShort Technology | 6.24% | 5.98% | 0.22% | 0.00% | 0.28% | 1.80% | 0.50% |
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
REW vs. VXX - Drawdown Comparison
The maximum REW drawdown since its inception was -99.98%, roughly equal to the maximum VXX drawdown of -99.08%. Use the drawdown chart below to compare losses from any high point for REW and VXX. For additional features, visit the drawdowns tool.
Volatility
REW vs. VXX - Volatility Comparison
The current volatility for ProShares UltraShort Technology (REW) is 12.75%, while iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) has a volatility of 19.02%. This indicates that REW 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.