SVXY vs. VIXY
Compare and contrast key facts about ProShares Short VIX Short-Term Futures ETF (SVXY) and ProShares VIX Short-Term Futures ETF (VIXY).
SVXY and VIXY 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. VIXY is a passively managed fund by ProFund Advisors LLC that tracks the performance of the S&P 500 VIX Short-Term Futures Index Total Return. It was launched on Jan 3, 2011. Both SVXY and VIXY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SVXY or VIXY.
Key characteristics
| SVXY | VIXY | |
|---|---|---|
| YTD Return | 0.75% | -29.11% |
| 1Y Return | 13.40% | -44.27% |
| 3Y Return (Ann) | 18.38% | -49.24% |
| 5Y Return (Ann) | 11.64% | -48.47% |
| 10Y Return (Ann) | -3.26% | -48.09% |
| Sharpe Ratio | 0.37 | -0.58 |
| Sortino Ratio | 0.66 | -0.76 |
| Omega Ratio | 1.13 | 0.91 |
| Calmar Ratio | 0.16 | -0.45 |
| Martin Ratio | 1.13 | -1.25 |
| Ulcer Index | 12.47% | 35.77% |
| Daily Std Dev | 38.12% | 76.79% |
| Max Drawdown | -95.25% | -100.00% |
| Current Drawdown | -81.16% | -100.00% |
Correlation
The correlation between SVXY and VIXY is -0.98. 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
SVXY vs. VIXY - Performance Comparison
In the year-to-date period, SVXY achieves a 0.75% return, which is significantly higher than VIXY's -29.11% return. Over the past 10 years, SVXY has outperformed VIXY with an annualized return of -3.26%, while VIXY has yielded a comparatively lower -48.09% annualized 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. VIXY - Expense Ratio Comparison
SVXY has a 1.38% expense ratio, which is higher than VIXY's 0.85% expense ratio.
Risk-Adjusted Performance
SVXY vs. VIXY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short VIX Short-Term Futures ETF (SVXY) and ProShares VIX Short-Term Futures ETF (VIXY). 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. VIXY - Dividend Comparison
Neither SVXY nor VIXY has paid dividends to shareholders.
Drawdowns
SVXY vs. VIXY - Drawdown Comparison
The maximum SVXY drawdown since its inception was -95.25%, roughly equal to the maximum VIXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SVXY and VIXY. For additional features, visit the drawdowns tool.
Volatility
SVXY vs. VIXY - Volatility Comparison
The current volatility for ProShares Short VIX Short-Term Futures ETF (SVXY) is 9.06%, while ProShares VIX Short-Term Futures ETF (VIXY) has a volatility of 18.17%. This indicates that SVXY experiences smaller price fluctuations and is considered to be less risky than VIXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.