SQ vs. VXX
Compare and contrast key facts about Square, Inc. (SQ) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SQ or VXX.
Key characteristics
| SQ | VXX | |
|---|---|---|
| YTD Return | -2.64% | -14.95% |
| 1Y Return | 23.89% | -65.13% |
| 3Y Return (Ann) | -32.60% | -56.67% |
| 5Y Return (Ann) | 0.46% | -50.18% |
| Sharpe Ratio | 0.49 | -1.31 |
| Daily Std Dev | 49.57% | 50.77% |
| Max Drawdown | -86.08% | -98.84% |
| Current Drawdown | -73.28% | -98.80% |
Correlation
The correlation between SQ and VXX is -0.46. 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
SQ vs. VXX - Performance Comparison
In the year-to-date period, SQ achieves a -2.64% return, which is significantly higher than VXX's -14.95% 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
SQ vs. VXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Square, Inc. (SQ) 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
SQ vs. VXX - Dividend Comparison
Neither SQ nor VXX has paid dividends to shareholders.
Drawdowns
SQ vs. VXX - Drawdown Comparison
The maximum SQ drawdown since its inception was -86.08%, smaller than the maximum VXX drawdown of -98.84%. Use the drawdown chart below to compare losses from any high point for SQ and VXX. For additional features, visit the drawdowns tool.
Volatility
SQ vs. VXX - Volatility Comparison
The current volatility for Square, Inc. (SQ) is 13.20%, while iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) has a volatility of 17.17%. This indicates that SQ 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.