UVIX vs. VGT
UVIX (2x Long VIX Futures ETF) and VGT (Vanguard Information Technology ETF) are both exchange-traded funds - UVIX is a Volatility fund tracking the Long VIX Futures Index (200% Daily), while VGT is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 3 years, UVIX returned -81.87%/yr vs 30.95%/yr for VGT. Their -0.65 correlation means they have often moved in opposite directions in the past. UVIX charges 2.78%/yr vs 0.09%/yr for VGT.
Performance
UVIX vs. VGT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UVIX achieves a -52.21% return, which is significantly lower than VGT's 27.80% return.
UVIX
- 1D
- -2.05%
- 1M
- -11.91%
- 6M
- -48.80%
- YTD
- -52.21%
- 1Y
- -86.41%
- 3Y*
- -81.87%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -83.90%
VGT
- 1D
- 4.35%
- 1M
- 4.81%
- 6M
- 30.81%
- YTD
- 27.80%
- 1Y
- 39.97%
- 3Y*
- 30.95%
- 5Y*
- 18.95%
- 10Y*
- 24.54%
- ALL TIME*
- 15.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $104.04M | $96.41M | $155.15M | |
| $485.01M | $516.15M | $578.25M |
UVIX vs. VGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UVIX 2x Long VIX Futures ETF | -52.21% | -83.21% | -75.24% | -95.28% | -61.86% |
VGT Vanguard Information Technology ETF | 27.80% | 21.77% | 29.30% | 52.66% | -25.03% |
Correlation
The correlation between UVIX and VGT is -0.61, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.61 |
Correlation (3Y) Balances recent behavior with more history. | -0.66 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022 | -0.65 |
The correlation between UVIX and VGT has been stable across timeframes, ranging from -0.66 to -0.61 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UVIX vs. VGT — Risk / Return Rank
UVIX
VGT
UVIX vs. VGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 2x Long VIX Futures ETF (UVIX) and Vanguard Information Technology ETF (VGT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UVIX | VGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.90 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.28 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -1.02 | 2.45 | -3.47 |
| Martin ratioReturn relative to average drawdown | -1.43 | 6.57 | -8.00 |
Loading charts...
Drawdowns
UVIX vs. VGT - Drawdown Comparison
The maximum UVIX drawdown since its inception was -99.98%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for UVIX and VGT.
Loading charts...
Drawdown Indicators
| UVIX | VGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -54.63% | -45.35% |
Max Drawdown (1Y)Largest decline over 1 year | -84.53% | -16.40% | -68.13% |
Max Drawdown (3Y)Largest decline over 3 years | -99.42% | -27.23% | -72.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.07% | — |
Current DrawdownCurrent decline from peak | -99.98% | -4.35% | -95.63% |
Average DrawdownAverage peak-to-trough decline | -88.87% | -7.95% | -80.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 64.63% | 6.10% | +58.53% |
Volatility
UVIX vs. VGT - Volatility Comparison
2x Long VIX Futures ETF (UVIX) has a higher volatility of 28.43% compared to Vanguard Information Technology ETF (VGT) at 9.26%. This indicates that UVIX's price experiences larger fluctuations and is considered to be riskier than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UVIX | VGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.43% | 9.26% | +19.17% |
Volatility (6M)Calculated over the trailing 6-month period | 85.88% | 20.52% | +65.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 113.77% | 24.56% | +89.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 135.10% | 25.92% | +109.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 135.10% | 24.93% | +110.17% |
UVIX vs. VGT - Expense Ratio Comparison
UVIX has a 2.78% expense ratio, which is higher than VGT's 0.09% expense ratio.
Dividends
UVIX vs. VGT - Dividend Comparison
UVIX has not paid dividends to shareholders, while VGT's dividend yield for the trailing twelve months is around 0.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UVIX 2x Long VIX Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGT Vanguard Information Technology ETF | 0.36% | 0.40% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
Frequently Asked Questions
UVIX and VGT have a correlation of -0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVIX has higher volatility (28.43%) compared to VGT (9.26%). In terms of maximum drawdown, UVIX dropped -99.98% vs VGT's -54.63%.
On 3-year performance, VGT leads with 30.95% vs -81.87% for UVIX. On fees, VGT is cheaper at 0.09% per year. On volatility, VGT has been the lower-risk option at 9.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VGT has performed better with a 30.95% return vs -81.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGT is cheaper with a 0.09% expense ratio, compared with 2.78% for UVIX.
VGT has the higher dividend yield at 0.36%, compared with 0.00% for UVIX.
UVIX is categorized as Volatility, while VGT is Technology Equities. UVIX tracks Long VIX Futures Index (200% Daily), while VGT tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: Volatility Shares and Vanguard. Their fees differ too: 2.78% for UVIX and 0.09% for VGT.
VGT currently has the higher Sharpe Ratio (1.64 vs -0.76), 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.
Find the right allocation for UVIX and VGT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer