REW vs. ^VVIX
Compare and contrast key facts about ProShares UltraShort Technology (REW) and CBOE VIX Volatility Index (^VVIX).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: REW or ^VVIX.
Key characteristics
| REW | ^VVIX | |
|---|---|---|
| YTD Return | -31.99% | 29.68% |
| 1Y Return | -50.37% | 28.24% |
| 3Y Return (Ann) | -27.30% | 2.32% |
| 5Y Return (Ann) | -45.43% | 5.61% |
| 10Y Return (Ann) | -39.99% | 1.82% |
| Sharpe Ratio | -1.17 | 0.35 |
| Sortino Ratio | -1.97 | 1.35 |
| Omega Ratio | 0.78 | 1.15 |
| Calmar Ratio | -0.51 | 0.50 |
| Martin Ratio | -1.33 | 1.35 |
| Ulcer Index | 38.40% | 24.20% |
| Daily Std Dev | 43.73% | 92.54% |
| Max Drawdown | -99.98% | -78.10% |
| Current Drawdown | -99.98% | -45.68% |
Correlation
The correlation between REW and ^VVIX is 0.51, 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.
Performance
REW vs. ^VVIX - Performance Comparison
In the year-to-date period, REW achieves a -31.99% return, which is significantly lower than ^VVIX's 29.68% return. Over the past 10 years, REW has underperformed ^VVIX with an annualized return of -39.99%, while ^VVIX has yielded a comparatively higher 1.82% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
REW vs. ^VVIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Technology (REW) and CBOE VIX Volatility Index (^VVIX). 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.
Drawdowns
REW vs. ^VVIX - Drawdown Comparison
The maximum REW drawdown since its inception was -99.98%, which is greater than ^VVIX's maximum drawdown of -78.10%. Use the drawdown chart below to compare losses from any high point for REW and ^VVIX. For additional features, visit the drawdowns tool.
Volatility
REW vs. ^VVIX - Volatility Comparison
The current volatility for ProShares UltraShort Technology (REW) is 8.94%, while CBOE VIX Volatility Index (^VVIX) has a volatility of 23.29%. This indicates that REW experiences smaller price fluctuations and is considered to be less risky than ^VVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.