SVIX vs. TQQQ
Compare and contrast key facts about Volatility Shares -1x Short VIX Futures ETF (SVIX) and ProShares UltraPro QQQ (TQQQ).
SVIX and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SVIX or TQQQ.
Key characteristics
| SVIX | TQQQ | |
|---|---|---|
| YTD Return | -22.61% | 63.05% |
| 1Y Return | -5.04% | 93.36% |
| Sharpe Ratio | -0.07 | 2.04 |
| Sortino Ratio | 0.40 | 2.42 |
| Omega Ratio | 1.07 | 1.33 |
| Calmar Ratio | -0.07 | 2.06 |
| Martin Ratio | -0.18 | 8.51 |
| Ulcer Index | 26.13% | 12.40% |
| Daily Std Dev | 70.56% | 51.62% |
| Max Drawdown | -62.55% | -81.66% |
| Current Drawdown | -42.44% | -4.59% |
Correlation
The correlation between SVIX and TQQQ is 0.66, 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
SVIX vs. TQQQ - Performance Comparison
In the year-to-date period, SVIX achieves a -22.61% return, which is significantly lower than TQQQ's 63.05% 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. TQQQ - Expense Ratio Comparison
SVIX has a 1.47% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
SVIX vs. TQQQ - 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 UltraPro QQQ (TQQQ). 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. TQQQ - Dividend Comparison
SVIX has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.16%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TQQQ ProShares UltraPro QQQ | 1.16% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
SVIX vs. TQQQ - Drawdown Comparison
The maximum SVIX drawdown since its inception was -62.55%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for SVIX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
SVIX vs. TQQQ - Volatility Comparison
Volatility Shares -1x Short VIX Futures ETF (SVIX) has a higher volatility of 16.92% compared to ProShares UltraPro QQQ (TQQQ) at 14.68%. This indicates that SVIX's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.