UVIX vs. ^FVX
UVIX (2x Long VIX Futures ETF) is Volatility fund tracking the Long VIX Futures Index (200% Daily), while ^FVX (Treasury Yield 5 Years) is an index. Over the past 3 years, UVIX returned -81.87%/yr vs 1.86%/yr for ^FVX. Their 0.03 correlation means their historical movements had little consistent relationship.
Performance
UVIX vs. ^FVX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UVIX achieves a -52.21% return, which is significantly lower than ^FVX's 18.22% return.
UVIX
- 1D
- -2.05%
- 1M
- -11.91%
- 6M
- -48.80%
- YTD
- -52.21%
- 1Y
- -86.41%
- 3Y*
- -81.87%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -83.90%
^FVX
- 1D
- -1.35%
- 1M
- 4.02%
- 6M
- 14.73%
- YTD
- 18.22%
- 1Y
- 16.68%
- 3Y*
- 1.86%
- 5Y*
- 45.49%
- 10Y*
- 14.56%
- ALL TIME*
- -1.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $104.04M | $96.41M | $155.15M |
UVIX vs. ^FVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UVIX 2x Long VIX Futures ETF | -52.21% | -83.21% | -75.24% | -95.28% | -61.86% |
^FVX Treasury Yield 5 Years | 18.22% | -15.02% | 14.06% | -4.00% | 60.97% |
Correlation
The correlation between UVIX and ^FVX is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022 | 0.03 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UVIX vs. ^FVX — Risk / Return Rank
UVIX
^FVX
UVIX vs. ^FVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 2x Long VIX Futures ETF (UVIX) and Treasury Yield 5 Years (^FVX). 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.
| UVIX | ^FVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.17 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -1.02 | 1.87 | -2.89 |
| Martin ratioReturn relative to average drawdown | -1.43 | 4.35 | -5.78 |
Loading charts...
Drawdowns
UVIX vs. ^FVX - Drawdown Comparison
The maximum UVIX drawdown since its inception was -99.98%, roughly equal to the maximum ^FVX drawdown of -98.80%. Use the drawdown chart below to compare losses from any high point for UVIX and ^FVX.
Loading charts...
Drawdown Indicators
| UVIX | ^FVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -98.80% | -1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -84.53% | -8.97% | -75.56% |
Max Drawdown (3Y)Largest decline over 3 years | -99.42% | -31.36% | -68.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.69% | — |
Current DrawdownCurrent decline from peak | -99.98% | -72.96% | -27.02% |
Average DrawdownAverage peak-to-trough decline | -88.87% | -58.57% | -30.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 64.63% | 3.84% | +60.79% |
Volatility
UVIX vs. ^FVX - Volatility Comparison
2x Long VIX Futures ETF (UVIX) has a higher volatility of 28.43% compared to Treasury Yield 5 Years (^FVX) at 4.74%. This indicates that UVIX's price experiences larger fluctuations and is considered to be riskier than ^FVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UVIX | ^FVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.43% | 4.74% | +23.69% |
Volatility (6M)Calculated over the trailing 6-month period | 85.88% | 13.82% | +72.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 113.77% | 17.53% | +96.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 135.10% | 36.38% | +98.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 135.10% | 58.13% | +76.97% |
Frequently Asked Questions
UVIX and ^FVX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVIX has higher volatility (28.43%) compared to ^FVX (4.74%). In terms of maximum drawdown, UVIX dropped -99.98% vs ^FVX's -98.80%.
^FVX currently has the higher Sharpe Ratio (0.96 vs -0.76), 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.
Find the right allocation for UVIX and ^FVX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer