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 -80.74%/yr vs 28.56%/yr for VGT. At a correlation of -0.65, they often move in opposite directions. UVIX charges 2.78%/yr vs 0.09%/yr for VGT.
Performance
UVIX vs. VGT - Performance Comparison
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Returns By Period
In the year-to-date period, UVIX achieves a -49.10% return, which is significantly lower than VGT's 24.57% return.
UVIX
- 1D
- -2.56%
- 1M
- -23.11%
- 6M
- -48.19%
- YTD
- -49.10%
- 1Y
- -85.68%
- 3Y*
- -80.74%
- 5Y*
- —
- 10Y*
- —
VGT
- 1D
- 1.32%
- 1M
- 0.44%
- 6M
- 22.84%
- YTD
- 24.57%
- 1Y
- 40.37%
- 3Y*
- 28.56%
- 5Y*
- 18.99%
- 10Y*
- 24.83%
UVIX vs. VGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UVIX 2x Long VIX Futures ETF | -49.10% | -83.21% | -75.24% | -95.28% | -61.86% |
VGT Vanguard Information Technology ETF | 24.57% | 21.77% | 29.30% | 52.66% | -25.03% |
Correlation
The correlation between UVIX and VGT is -0.61, 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 | -0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | -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.
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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 | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -3.92 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.29 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 2.47 | -3.47 |
| Martin ratioReturn relative to average drawdown | -1.38 | 7.17 | -8.55 |
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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.
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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 | -86.11% | -16.40% | -69.71% |
Max Drawdown (3Y)Largest decline over 3 years | -99.40% | -27.23% | -72.17% |
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% | -6.77% | -93.21% |
Average DrawdownAverage peak-to-trough decline | -88.73% | -7.94% | -80.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 61.87% | 5.65% | +56.22% |
Volatility
UVIX vs. VGT - Volatility Comparison
2x Long VIX Futures ETF (UVIX) has a higher volatility of 26.69% compared to Vanguard Information Technology ETF (VGT) at 9.18%. 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.
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Volatility by Period
| UVIX | VGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.69% | 9.18% | +17.51% |
Volatility (6M)Calculated over the trailing 6-month period | 87.61% | 19.40% | +68.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 112.52% | 23.35% | +89.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 135.41% | 25.69% | +109.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 135.41% | 24.81% | +110.60% |
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 0.37%.
| 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 | 0.37% | 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 (26.69%) compared to VGT (9.18%). In terms of maximum drawdown, UVIX dropped -99.98% vs VGT's -54.63%.
On 3-year performance, VGT leads with 28.56% vs -80.74% for UVIX. On fees, VGT is cheaper at 0.09% per year. On volatility, VGT has been the lower-risk option at 9.18%. 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 28.56% return vs -80.74%. 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 0.37%, 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 (1.74 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.
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