SVIX vs. SVXY
Compare and contrast key facts about Volatility Shares -1x Short VIX Futures ETF (SVIX) and ProShares Short VIX Short-Term Futures ETF (SVXY).
SVIX and SVXY 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. SVXY is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX Short-Term Futures Index (-100%). It was launched on Oct 3, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SVIX or SVXY.
Key characteristics
| SVIX | SVXY | |
|---|---|---|
| YTD Return | -24.30% | 0.75% |
| 1Y Return | -6.70% | 13.40% |
| Sharpe Ratio | -0.08 | 0.37 |
| Sortino Ratio | 0.38 | 0.66 |
| Omega Ratio | 1.07 | 1.13 |
| Calmar Ratio | -0.09 | 0.16 |
| Martin Ratio | -0.22 | 1.13 |
| Ulcer Index | 25.99% | 12.47% |
| Daily Std Dev | 70.53% | 38.12% |
| Max Drawdown | -62.55% | -95.25% |
| Current Drawdown | -43.70% | -81.16% |
Correlation
The correlation between SVIX and SVXY is 0.99, 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. SVXY - Performance Comparison
In the year-to-date period, SVIX achieves a -24.30% return, which is significantly lower than SVXY's 0.75% 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. SVXY - Expense Ratio Comparison
SVIX has a 1.47% expense ratio, which is higher than SVXY's 1.38% expense ratio.
Risk-Adjusted Performance
SVIX vs. SVXY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares -1x Short VIX Futures ETF (SVIX) and ProShares Short VIX Short-Term Futures ETF (SVXY). 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. SVXY - Dividend Comparison
Neither SVIX nor SVXY has paid dividends to shareholders.
Drawdowns
SVIX vs. SVXY - Drawdown Comparison
The maximum SVIX drawdown since its inception was -62.55%, smaller than the maximum SVXY drawdown of -95.25%. Use the drawdown chart below to compare losses from any high point for SVIX and SVXY. For additional features, visit the drawdowns tool.
Volatility
SVIX vs. SVXY - Volatility Comparison
Volatility Shares -1x Short VIX Futures ETF (SVIX) has a higher volatility of 17.42% compared to ProShares Short VIX Short-Term Futures ETF (SVXY) at 9.06%. This indicates that SVIX's price experiences larger fluctuations and is considered to be riskier than SVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.