TOST vs. ^VIX
TOST (Toast, Inc.) is a stock, while ^VIX (CBOE Volatility Index) is an index. Over the past 3 years, TOST returned 6.11%/yr vs 8.76%/yr for ^VIX. At a correlation of -0.44, they often move in opposite directions.
Performance
TOST vs. ^VIX - Performance Comparison
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Returns By Period
In the year-to-date period, TOST achieves a -15.63% return, which is significantly lower than ^VIX's 14.78% return.
TOST
- 1D
- 2.18%
- 1M
- 20.71%
- 6M
- -17.24%
- YTD
- -15.63%
- 1Y
- -30.95%
- 3Y*
- 6.11%
- 5Y*
- —
- 10Y*
- —
^VIX
- 1D
- 14.17%
- 1M
- -2.94%
- 6M
- 13.49%
- YTD
- 14.78%
- 1Y
- 4.63%
- 3Y*
- 8.76%
- 5Y*
- 1.00%
- 10Y*
- 3.08%
TOST vs. ^VIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TOST Toast, Inc. | -15.63% | -2.58% | 99.62% | 1.28% | -48.06% | -46.81% |
^VIX CBOE Volatility Index | 14.78% | -13.83% | 39.36% | -42.55% | 25.84% | -29.31% |
Correlation
The correlation between TOST and ^VIX is -0.31, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | -0.44 |
The correlation between TOST and ^VIX shifts across timeframes, from -0.44 (all time) to -0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TOST vs. ^VIX — Risk / Return Rank
TOST
^VIX
TOST vs. ^VIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Toast, Inc. (TOST) and CBOE Volatility Index (^VIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TOST | ^VIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.12 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 0.09 | -0.66 |
| Martin ratioReturn relative to average drawdown | -0.89 | 0.14 | -1.03 |
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Drawdowns
TOST vs. ^VIX - Drawdown Comparison
The maximum TOST drawdown since its inception was -80.57%, smaller than the maximum ^VIX drawdown of -88.70%. Use the drawdown chart below to compare losses from any high point for TOST and ^VIX.
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Drawdown Indicators
| TOST | ^VIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.57% | -88.70% | +8.13% |
Max Drawdown (1Y)Largest decline over 1 year | -54.71% | -51.59% | -3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -54.71% | -74.26% | +19.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -74.26% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -85.66% | — |
Current DrawdownCurrent decline from peak | -54.09% | -79.25% | +25.16% |
Average DrawdownAverage peak-to-trough decline | -58.01% | -64.09% | +6.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.91% | 32.36% | +2.55% |
Volatility
TOST vs. ^VIX - Volatility Comparison
The current volatility for Toast, Inc. (TOST) is 10.70%, while CBOE Volatility Index (^VIX) has a volatility of 34.86%. This indicates that TOST experiences smaller price fluctuations and is considered to be less risky than ^VIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TOST | ^VIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.70% | 34.86% | -24.16% |
Volatility (6M)Calculated over the trailing 6-month period | 37.36% | 92.44% | -55.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.17% | 124.55% | -78.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.00% | 127.59% | -66.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.00% | 136.48% | -75.48% |
Frequently Asked Questions
TOST and ^VIX have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^VIX has higher volatility (34.86%) compared to TOST (10.70%). In terms of maximum drawdown, TOST dropped -80.57% vs ^VIX's -88.70%.
^VIX currently has the higher Sharpe Ratio (0.04 vs -0.67), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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