UVIX vs. SQQQ
Compare and contrast key facts about Volatility Shares 2x Long VIX Futures ETF (UVIX) and ProShares UltraPro Short QQQ (SQQQ).
UVIX and SQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UVIX is a passively managed fund by Volatility Shares that tracks the performance of the Long VIX Futures Index – Benchmark TR Gross (200%). It was launched on Mar 28, 2022. SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010. Both UVIX and SQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UVIX or SQQQ.
Key characteristics
| UVIX | SQQQ | |
|---|---|---|
| YTD Return | -75.16% | -50.54% |
| 1Y Return | -84.89% | -58.44% |
| Sharpe Ratio | -0.56 | -1.18 |
| Sortino Ratio | -1.05 | -2.13 |
| Omega Ratio | 0.88 | 0.77 |
| Calmar Ratio | -0.85 | -0.61 |
| Martin Ratio | -1.34 | -1.60 |
| Ulcer Index | 63.59% | 38.15% |
| Daily Std Dev | 151.36% | 51.93% |
| Max Drawdown | -99.74% | -100.00% |
| Current Drawdown | -99.74% | -100.00% |
Correlation
The correlation between UVIX and SQQQ is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
UVIX vs. SQQQ - Performance Comparison
In the year-to-date period, UVIX achieves a -75.16% return, which is significantly lower than SQQQ's -50.54% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UVIX vs. SQQQ - Expense Ratio Comparison
UVIX has a 2.78% expense ratio, which is higher than SQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
UVIX vs. SQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Long VIX Futures ETF (UVIX) and ProShares UltraPro Short QQQ (SQQQ). 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.
Dividends
UVIX vs. SQQQ - Dividend Comparison
UVIX has not paid dividends to shareholders, while SQQQ's dividend yield for the trailing twelve months is around 9.95%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
UVIX Volatility Shares 2x Long VIX Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SQQQ ProShares UltraPro Short QQQ | 9.95% | 8.01% | 0.06% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Drawdowns
UVIX vs. SQQQ - Drawdown Comparison
The maximum UVIX drawdown since its inception was -99.74%, roughly equal to the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for UVIX and SQQQ. For additional features, visit the drawdowns tool.
Volatility
UVIX vs. SQQQ - Volatility Comparison
Volatility Shares 2x Long VIX Futures ETF (UVIX) has a higher volatility of 35.48% compared to ProShares UltraPro Short QQQ (SQQQ) at 14.74%. This indicates that UVIX's price experiences larger fluctuations and is considered to be riskier than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.