TOST vs. ^VIX
TOST (Toast, Inc.) is a stock, while ^VIX (CBOE Volatility Index) is an index. Over the past 3 years, TOST returned 7.74%/yr vs 2.60%/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 -25.80% return, which is significantly lower than ^VIX's 5.48% return.
TOST
- 1D
- -5.01%
- 1M
- -9.48%
- YTD
- -25.80%
- 6M
- -22.11%
- 1Y
- -38.71%
- 3Y*
- 7.74%
- 5Y*
- —
- 10Y*
- —
^VIX
- 1D
- -1.74%
- 1M
- -7.18%
- YTD
- 5.48%
- 6M
- -4.94%
- 1Y
- -14.11%
- 3Y*
- 2.60%
- 5Y*
- -2.65%
- 10Y*
- 1.59%
TOST vs. ^VIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TOST Toast, Inc. | -25.80% | -2.58% | 99.62% | 1.28% | -48.06% | -44.47% |
^VIX CBOE Volatility Index | 5.48% | -13.83% | 39.36% | -42.55% | 25.84% | -17.49% |
Correlation
The correlation between TOST and ^VIX is -0.29, 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 | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.41 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021 | -0.44 |
The correlation between TOST and ^VIX shifts across timeframes, from -0.44 (all time) to -0.29 (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.
| TOST | ^VIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.85 | -0.12 | -0.73 |
Sortino ratioReturn per unit of downside risk | -1.09 | 0.66 | -1.74 |
Omega ratioGain probability vs. loss probability | 0.87 | 1.08 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | -0.69 | -0.48 | -0.21 |
Martin ratioReturn relative to average drawdown | -1.19 | -0.76 | -0.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TOST | ^VIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.85 | -0.12 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.02 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.28 | -0.00 | -0.27 |
Drawdowns
TOST vs. ^VIX - Drawdown Comparison
The maximum TOST drawdown since its inception was -80.56%, 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 | -80.56% | -88.70% | +8.14% |
Max Drawdown (1Y)Largest decline over 1 year | -54.71% | -50.66% | -4.05% |
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 | -59.60% | -80.93% | +21.33% |
Average DrawdownAverage peak-to-trough decline | -57.91% | -64.10% | +6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.43% | 31.73% | -0.30% |
Volatility
TOST vs. ^VIX - Volatility Comparison
Toast, Inc. (TOST) has a higher volatility of 21.81% compared to CBOE Volatility Index (^VIX) at 15.70%. This indicates that TOST's price experiences larger fluctuations and is considered to be riskier 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 | 21.81% | 15.70% | +6.11% |
Volatility (6M)Calculated over the trailing 6-month period | 36.36% | 78.84% | -42.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.83% | 112.67% | -66.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.36% | 123.93% | -62.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.36% | 135.84% | -74.48% |
Frequently Asked Questions
TOST and ^VIX have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TOST has higher volatility (21.81%) compared to ^VIX (15.70%). In terms of maximum drawdown, TOST dropped -80.56% vs ^VIX's -88.70%.
^VIX currently has the higher Sharpe Ratio (-0.12 vs -0.85), 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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