UVIX vs. DDOG
UVIX (2x Long VIX Futures ETF) is Volatility fund tracking the Long VIX Futures Index (200% Daily), while DDOG (Datadog, Inc.) is a stock. Over the past 3 years, UVIX returned -81.05%/yr vs 34.31%/yr for DDOG. At a correlation of -0.39, they often move in opposite directions.
Performance
UVIX vs. DDOG - 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 DDOG's 70.37% return.
UVIX
- 1D
- -3.37%
- 1M
- -23.18%
- YTD
- -29.77%
- 6M
- -49.30%
- 1Y
- -84.55%
- 3Y*
- -81.05%
- 5Y*
- —
- 10Y*
- —
DDOG
- 1D
- -1.04%
- 1M
- 15.75%
- YTD
- 70.37%
- 6M
- 50.17%
- 1Y
- 89.65%
- 3Y*
- 34.31%
- 5Y*
- 20.36%
- 10Y*
- —
UVIX vs. DDOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UVIX 2x Long VIX Futures ETF | -29.77% | -83.21% | -75.24% | -95.28% | -61.86% |
DDOG Datadog, Inc. | 70.37% | -4.83% | 17.72% | 65.14% | -52.71% |
Correlation
The correlation between UVIX and DDOG is -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022 | -0.39 |
The correlation between UVIX and DDOG shifts across timeframes, from -0.39 (all time) to -0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UVIX vs. DDOG — Risk / Return Rank
UVIX
DDOG
UVIX vs. DDOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 2x Long VIX Futures ETF (UVIX) and Datadog, Inc. (DDOG). 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 | DDOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -4.05 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.30 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 1.85 | -2.82 |
| Martin ratioReturn relative to average drawdown | -1.23 | 3.63 | -4.87 |
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 | DDOG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.75 | 1.38 | -2.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.61 | 0.52 | -1.14 |
Drawdowns
UVIX vs. DDOG - Drawdown Comparison
The maximum UVIX drawdown since its inception was -99.97%, which is greater than DDOG's maximum drawdown of -68.11%. Use the drawdown chart below to compare losses from any high point for UVIX and DDOG.
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Drawdown Indicators
| UVIX | DDOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -68.11% | -31.86% |
Max Drawdown (1Y)Largest decline over 1 year | -88.01% | -48.62% | -39.39% |
Max Drawdown (3Y)Largest decline over 3 years | -99.39% | -48.62% | -50.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -68.11% | — |
Current DrawdownCurrent decline from peak | -99.97% | -16.51% | -83.46% |
Average DrawdownAverage peak-to-trough decline | -88.56% | -30.87% | -57.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.43% | 24.77% | +43.66% |
Volatility
UVIX vs. DDOG - Volatility Comparison
2x Long VIX Futures ETF (UVIX) has a higher volatility of 22.21% compared to Datadog, Inc. (DDOG) at 19.53%. This indicates that UVIX's price experiences larger fluctuations and is considered to be riskier than DDOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UVIX | DDOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.21% | 19.53% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 83.76% | 50.44% | +33.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 112.55% | 65.67% | +46.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 136.19% | 58.25% | +77.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 136.19% | 60.06% | +76.13% |
Dividends
UVIX vs. DDOG - Dividend Comparison
Neither UVIX nor DDOG has paid dividends to shareholders.
Frequently Asked Questions
UVIX and DDOG have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVIX has higher volatility (22.21%) compared to DDOG (19.53%). In terms of maximum drawdown, UVIX dropped -99.97% vs DDOG's -68.11%.
DDOG currently has the higher Sharpe Ratio (1.38 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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