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.
Correlation
The correlation between REW and ^VVIX is -0.61. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
REW vs. ^VVIX - Performance Comparison
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Key characteristics
REW:
-0.42
^VVIX:
0.32
REW:
-0.31
^VVIX:
1.39
REW:
0.96
^VVIX:
1.16
REW:
-0.28
^VVIX:
0.56
REW:
-1.12
^VVIX:
1.00
REW:
24.69%
^VVIX:
35.60%
REW:
60.89%
^VVIX:
115.72%
REW:
-99.98%
^VVIX:
-78.10%
REW:
-99.98%
^VVIX:
-48.79%
Returns By Period
In the year-to-date period, REW achieves a -10.36% return, which is significantly lower than ^VVIX's 1.89% return. Over the past 10 years, REW has underperformed ^VVIX with an annualized return of -39.35%, while ^VVIX has yielded a comparatively higher 3.41% annualized return.
REW
-10.36%
-33.69%
-11.55%
-25.71%
-38.63%
-39.19%
-39.35%
^VVIX
1.89%
-14.35%
4.01%
36.95%
-0.47%
-2.13%
3.41%
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Risk-Adjusted Performance
REW vs. ^VVIX — Risk-Adjusted Performance Rank
REW
^VVIX
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.
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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.
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Volatility
REW vs. ^VVIX - Volatility Comparison
The current volatility for ProShares UltraShort Technology (REW) is 14.67%, while CBOE VIX Volatility Index (^VVIX) has a volatility of 20.70%. 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.
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