UVIX vs. SVIX
Compare and contrast key facts about Volatility Shares 2x Long VIX Futures ETF (UVIX) and Volatility Shares -1x Short VIX Futures ETF (SVIX).
UVIX and SVIX 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. SVIX is managed by Volatility Shares. It was launched on Mar 28, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UVIX or SVIX.
Key characteristics
| UVIX | SVIX | |
|---|---|---|
| YTD Return | -75.16% | -22.61% |
| 1Y Return | -84.89% | -5.04% |
| Sharpe Ratio | -0.56 | -0.07 |
| Sortino Ratio | -1.05 | 0.40 |
| Omega Ratio | 0.88 | 1.07 |
| Calmar Ratio | -0.85 | -0.07 |
| Martin Ratio | -1.34 | -0.18 |
| Ulcer Index | 63.59% | 26.13% |
| Daily Std Dev | 151.36% | 70.56% |
| Max Drawdown | -99.74% | -62.55% |
| Current Drawdown | -99.74% | -42.44% |
Correlation
The correlation between UVIX and SVIX is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
UVIX vs. SVIX - Performance Comparison
In the year-to-date period, UVIX achieves a -75.16% return, which is significantly lower than SVIX's -22.61% 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. SVIX - Expense Ratio Comparison
UVIX has a 2.78% expense ratio, which is higher than SVIX's 1.47% expense ratio.
Risk-Adjusted Performance
UVIX vs. SVIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Long VIX Futures ETF (UVIX) and Volatility Shares -1x Short VIX Futures ETF (SVIX). 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. SVIX - Dividend Comparison
Neither UVIX nor SVIX has paid dividends to shareholders.
Drawdowns
UVIX vs. SVIX - Drawdown Comparison
The maximum UVIX drawdown since its inception was -99.74%, which is greater than SVIX's maximum drawdown of -62.55%. Use the drawdown chart below to compare losses from any high point for UVIX and SVIX. For additional features, visit the drawdowns tool.
Volatility
UVIX vs. SVIX - Volatility Comparison
Volatility Shares 2x Long VIX Futures ETF (UVIX) has a higher volatility of 35.48% compared to Volatility Shares -1x Short VIX Futures ETF (SVIX) at 16.92%. This indicates that UVIX's price experiences larger fluctuations and is considered to be riskier than SVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.