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