SVIX vs. SPY
Compare and contrast key facts about Volatility Shares -1x Short VIX Futures ETF (SVIX) and SPDR S&P 500 ETF (SPY).
SVIX and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SVIX is managed by Volatility Shares. It was launched on Mar 28, 2022. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SVIX or SPY.
Key characteristics
| SVIX | SPY | |
|---|---|---|
| YTD Return | 23.38% | 11.74% |
| 1Y Return | 127.29% | 28.12% |
| Sharpe Ratio | 2.82 | 2.56 |
| Daily Std Dev | 48.43% | 11.48% |
| Max Drawdown | -39.40% | -55.19% |
| Current Drawdown | 0.00% | -0.06% |
Correlation
The correlation between SVIX and SPY is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SVIX vs. SPY - Performance Comparison
In the year-to-date period, SVIX achieves a 23.38% return, which is significantly higher than SPY's 11.74% 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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SVIX vs. SPY - Expense Ratio Comparison
SVIX has a 1.47% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SVIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares -1x Short VIX Futures ETF (SVIX) and SPDR S&P 500 ETF (SPY). 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
SVIX vs. SPY - Dividend Comparison
SVIX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.27%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SVIX Volatility Shares -1x Short VIX Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.27% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SVIX vs. SPY - Drawdown Comparison
The maximum SVIX drawdown since its inception was -39.40%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SVIX and SPY. For additional features, visit the drawdowns tool.
Volatility
SVIX vs. SPY - Volatility Comparison
Volatility Shares -1x Short VIX Futures ETF (SVIX) has a higher volatility of 11.07% compared to SPDR S&P 500 ETF (SPY) at 3.37%. This indicates that SVIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.