UVIX vs. CRWV
UVIX (2x Long VIX Futures ETF) is Volatility fund tracking the Long VIX Futures Index (200% Daily), while CRWV (CoreWeave, Inc.) is a stock. Over the past year, UVIX returned -84.55% vs -26.96% for CRWV. At a correlation of -0.26, they often move in opposite directions.
Performance
UVIX vs. CRWV - Performance Comparison
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Returns By Period
In the year-to-date period, UVIX achieves a -29.77% return, which is significantly lower than CRWV's 42.95% return.
UVIX
- 1D
- -3.37%
- 1M
- -23.18%
- YTD
- -29.77%
- 6M
- -49.30%
- 1Y
- -84.55%
- 3Y*
- -81.05%
- 5Y*
- —
- 10Y*
- —
CRWV
- 1D
- 1.97%
- 1M
- -10.32%
- YTD
- 42.95%
- 6M
- 18.70%
- 1Y
- -26.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UVIX vs. CRWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UVIX 2x Long VIX Futures ETF | -29.77% | -82.08% |
CRWV CoreWeave, Inc. | 42.95% | 83.62% |
Correlation
The correlation between UVIX and CRWV is -0.22, 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 | -0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025 | -0.26 |
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Return for Risk
UVIX vs. CRWV — Risk / Return Rank
UVIX
CRWV
UVIX vs. CRWV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 2x Long VIX Futures ETF (UVIX) and CoreWeave, Inc. (CRWV). 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.
| UVIX | CRWV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.02 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | -0.42 | -0.54 |
| Martin ratioReturn relative to average drawdown | -1.23 | -0.62 | -0.62 |
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
| UVIX | CRWV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.75 | -0.28 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.61 | 1.06 | -1.67 |
Drawdowns
UVIX vs. CRWV - Drawdown Comparison
The maximum UVIX drawdown since its inception was -99.97%, which is greater than CRWV's maximum drawdown of -64.84%. Use the drawdown chart below to compare losses from any high point for UVIX and CRWV.
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Drawdown Indicators
| UVIX | CRWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -64.84% | -35.13% |
Max Drawdown (1Y)Largest decline over 1 year | -88.01% | -64.84% | -23.17% |
Max Drawdown (3Y)Largest decline over 3 years | -99.39% | — | — |
Current DrawdownCurrent decline from peak | -99.97% | -44.24% | -55.73% |
Average DrawdownAverage peak-to-trough decline | -88.56% | -37.21% | -51.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.43% | 43.73% | +24.70% |
Volatility
UVIX vs. CRWV - Volatility Comparison
The current volatility for 2x Long VIX Futures ETF (UVIX) is 22.21%, while CoreWeave, Inc. (CRWV) has a volatility of 25.28%. This indicates that UVIX experiences smaller price fluctuations and is considered to be less risky than CRWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UVIX | CRWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.21% | 25.28% | -3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 83.76% | 68.15% | +15.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 112.55% | 95.71% | +16.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 136.19% | 114.59% | +21.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 136.19% | 114.59% | +21.60% |
Dividends
UVIX vs. CRWV - Dividend Comparison
Neither UVIX nor CRWV has paid dividends to shareholders.
Frequently Asked Questions
UVIX and CRWV have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRWV has higher volatility (25.28%) compared to UVIX (22.21%). In terms of maximum drawdown, UVIX dropped -99.97% vs CRWV's -64.84%.
CRWV currently has the higher Sharpe Ratio (-0.28 vs -0.75), 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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