SVXY vs. IVOL
Compare and contrast key facts about ProShares Short VIX Short-Term Futures ETF (SVXY) and Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL).
SVXY and IVOL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IVOL is an actively managed fund by CICC. It was launched on May 13, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SVXY or IVOL.
Correlation
The correlation between SVXY and IVOL is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SVXY vs. IVOL - Performance Comparison
Key characteristics
SVXY:
-0.63
IVOL:
0.95
SVXY:
-0.61
IVOL:
1.44
SVXY:
0.90
IVOL:
1.20
SVXY:
-0.35
IVOL:
0.32
SVXY:
-1.45
IVOL:
2.08
SVXY:
21.20%
IVOL:
4.85%
SVXY:
48.41%
IVOL:
10.62%
SVXY:
-95.25%
IVOL:
-31.16%
SVXY:
-86.32%
IVOL:
-21.30%
Returns By Period
In the year-to-date period, SVXY achieves a -24.47% return, which is significantly lower than IVOL's 12.05% return.
SVXY
-24.47%
-21.16%
-19.67%
-30.25%
19.02%
-7.54%
IVOL
12.05%
7.04%
7.73%
9.74%
-2.34%
N/A
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SVXY vs. IVOL - Expense Ratio Comparison
SVXY has a 1.38% expense ratio, which is higher than IVOL's 0.99% expense ratio.
Risk-Adjusted Performance
SVXY vs. IVOL — Risk-Adjusted Performance Rank
SVXY
IVOL
SVXY vs. IVOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short VIX Short-Term Futures ETF (SVXY) and Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL). 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
SVXY vs. IVOL - Dividend Comparison
SVXY has not paid dividends to shareholders, while IVOL's dividend yield for the trailing twelve months is around 3.38%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
SVXY ProShares Short VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | 3.38% | 3.83% | 3.73% | 3.91% | 3.93% | 3.45% | 2.02% |
Drawdowns
SVXY vs. IVOL - Drawdown Comparison
The maximum SVXY drawdown since its inception was -95.25%, which is greater than IVOL's maximum drawdown of -31.16%. Use the drawdown chart below to compare losses from any high point for SVXY and IVOL. For additional features, visit the drawdowns tool.
Volatility
SVXY vs. IVOL - Volatility Comparison
ProShares Short VIX Short-Term Futures ETF (SVXY) has a higher volatility of 25.40% compared to Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) at 7.19%. This indicates that SVXY's price experiences larger fluctuations and is considered to be riskier than IVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.