SVIX vs. UVIX
Compare and contrast key facts about Volatility Shares -1x Short VIX Futures ETF (SVIX) and Volatility Shares 2x Long VIX Futures ETF (UVIX).
SVIX and UVIX 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. UVIX is a passively managed fund by Volatility Shares that tracks the performance of the Long VIX Futures Index – Benchmark TR Gross (200%). It was launched on Mar 28, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SVIX or UVIX.
Key characteristics
| SVIX | UVIX | |
|---|---|---|
| YTD Return | -22.61% | -75.16% |
| 1Y Return | -5.04% | -84.89% |
| Sharpe Ratio | -0.07 | -0.56 |
| Sortino Ratio | 0.40 | -1.05 |
| Omega Ratio | 1.07 | 0.88 |
| Calmar Ratio | -0.07 | -0.85 |
| Martin Ratio | -0.18 | -1.34 |
| Ulcer Index | 26.13% | 63.59% |
| Daily Std Dev | 70.56% | 151.36% |
| Max Drawdown | -62.55% | -99.74% |
| Current Drawdown | -42.44% | -99.74% |
Correlation
The correlation between SVIX and UVIX is -0.99. 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
SVIX vs. UVIX - Performance Comparison
In the year-to-date period, SVIX achieves a -22.61% return, which is significantly higher than UVIX's -75.16% 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. UVIX - Expense Ratio Comparison
SVIX has a 1.47% expense ratio, which is lower than UVIX's 2.78% expense ratio.
Risk-Adjusted Performance
SVIX vs. UVIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares -1x Short VIX Futures ETF (SVIX) and Volatility Shares 2x Long VIX Futures ETF (UVIX). 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. UVIX - Dividend Comparison
Neither SVIX nor UVIX has paid dividends to shareholders.
Drawdowns
SVIX vs. UVIX - Drawdown Comparison
The maximum SVIX drawdown since its inception was -62.55%, smaller than the maximum UVIX drawdown of -99.74%. Use the drawdown chart below to compare losses from any high point for SVIX and UVIX. For additional features, visit the drawdowns tool.
Volatility
SVIX vs. UVIX - Volatility Comparison
The current volatility for Volatility Shares -1x Short VIX Futures ETF (SVIX) is 16.92%, while Volatility Shares 2x Long VIX Futures ETF (UVIX) has a volatility of 35.48%. This indicates that SVIX experiences smaller price fluctuations and is considered to be less risky than UVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.