UVIX vs. KRYS
UVIX (2x Long VIX Futures ETF) is Volatility fund tracking the Long VIX Futures Index (200% Daily), while KRYS (Krystal Biotech, Inc.) is a stock. Over the past 3 years, UVIX returned -81.05%/yr vs 32.77%/yr for KRYS. At a correlation of -0.34, they often move in opposite directions.
Performance
UVIX vs. KRYS - 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 KRYS's 22.40% return.
UVIX
- 1D
- -3.37%
- 1M
- -23.18%
- YTD
- -29.77%
- 6M
- -49.30%
- 1Y
- -84.55%
- 3Y*
- -81.05%
- 5Y*
- —
- 10Y*
- —
KRYS
- 1D
- 0.25%
- 1M
- -1.29%
- YTD
- 22.40%
- 6M
- 28.93%
- 1Y
- 120.36%
- 3Y*
- 32.77%
- 5Y*
- 35.77%
- 10Y*
- —
UVIX vs. KRYS - 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% |
KRYS Krystal Biotech, Inc. | 22.40% | 57.37% | 26.28% | 56.60% | 15.30% |
Correlation
The correlation between UVIX and KRYS 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 | -0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022 | -0.34 |
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Return for Risk
UVIX vs. KRYS — Risk / Return Rank
UVIX
KRYS
UVIX vs. KRYS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 2x Long VIX Futures ETF (UVIX) and Krystal Biotech, Inc. (KRYS). 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 | KRYS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.87 | ||
| Sortino ratioReturn per unit of downside risk | -5.00 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.47 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 7.59 | -8.56 |
| Martin ratioReturn relative to average drawdown | -1.23 | 19.64 | -20.88 |
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 | KRYS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.75 | 3.12 | -3.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.61 | 0.63 | -1.25 |
Drawdowns
UVIX vs. KRYS - Drawdown Comparison
The maximum UVIX drawdown since its inception was -99.97%, which is greater than KRYS's maximum drawdown of -53.42%. Use the drawdown chart below to compare losses from any high point for UVIX and KRYS.
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Drawdown Indicators
| UVIX | KRYS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -53.42% | -46.55% |
Max Drawdown (1Y)Largest decline over 1 year | -88.01% | -15.94% | -72.07% |
Max Drawdown (3Y)Largest decline over 3 years | -99.39% | -42.26% | -57.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.55% | — |
Current DrawdownCurrent decline from peak | -99.97% | -4.60% | -95.37% |
Average DrawdownAverage peak-to-trough decline | -88.56% | -16.20% | -72.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.43% | 6.15% | +62.28% |
Volatility
UVIX vs. KRYS - Volatility Comparison
2x Long VIX Futures ETF (UVIX) has a higher volatility of 22.21% compared to Krystal Biotech, Inc. (KRYS) at 10.25%. This indicates that UVIX's price experiences larger fluctuations and is considered to be riskier than KRYS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UVIX | KRYS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.21% | 10.25% | +11.96% |
Volatility (6M)Calculated over the trailing 6-month period | 83.76% | 27.29% | +56.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 112.55% | 38.91% | +73.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 136.19% | 76.38% | +59.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 136.19% | 74.19% | +62.00% |
Dividends
UVIX vs. KRYS - Dividend Comparison
Neither UVIX nor KRYS has paid dividends to shareholders.
Frequently Asked Questions
UVIX and KRYS 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.
UVIX has higher volatility (22.21%) compared to KRYS (10.25%). In terms of maximum drawdown, UVIX dropped -99.97% vs KRYS's -53.42%.
KRYS currently has the higher Sharpe Ratio (3.12 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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