SVIX vs. USD
Compare and contrast key facts about Volatility Shares -1x Short VIX Futures ETF (SVIX) and ProShares Ultra Semiconductors (USD).
SVIX and USD 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. USD is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors 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: SVIX or USD.
Key characteristics
| SVIX | USD | |
|---|---|---|
| YTD Return | -24.54% | 160.71% |
| 1Y Return | -6.10% | 222.18% |
| Sharpe Ratio | -0.03 | 3.09 |
| Sortino Ratio | 0.45 | 2.97 |
| Omega Ratio | 1.08 | 1.39 |
| Calmar Ratio | -0.03 | 5.14 |
| Martin Ratio | -0.07 | 13.65 |
| Ulcer Index | 25.85% | 17.98% |
| Daily Std Dev | 70.67% | 79.44% |
| Max Drawdown | -62.55% | -88.60% |
| Current Drawdown | -43.88% | -13.80% |
Correlation
The correlation between SVIX and USD is 0.57, 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. USD - Performance Comparison
In the year-to-date period, SVIX achieves a -24.54% return, which is significantly lower than USD's 160.71% 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. USD - Expense Ratio Comparison
SVIX has a 1.47% expense ratio, which is higher than USD's 0.95% expense ratio.
Risk-Adjusted Performance
SVIX vs. USD - 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 Ultra Semiconductors (USD). 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. USD - Dividend Comparison
SVIX has not paid dividends to shareholders, while USD's dividend yield for the trailing twelve months is around 0.02%.
| 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% |
USD ProShares Ultra Semiconductors | 0.02% | 0.05% | 0.30% | 0.00% | 0.28% | 1.08% | 1.25% | 0.48% | 7.33% | 0.39% | 3.44% | 0.94% |
Drawdowns
SVIX vs. USD - Drawdown Comparison
The maximum SVIX drawdown since its inception was -62.55%, smaller than the maximum USD drawdown of -88.60%. Use the drawdown chart below to compare losses from any high point for SVIX and USD. For additional features, visit the drawdowns tool.
Volatility
SVIX vs. USD - Volatility Comparison
The current volatility for Volatility Shares -1x Short VIX Futures ETF (SVIX) is 17.68%, while ProShares Ultra Semiconductors (USD) has a volatility of 20.77%. This indicates that SVIX experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.