UVIX vs. VGT
UVIX (Volatility Shares 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 – Benchmark TR Gross (200%), 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 -82.43%/yr vs 33.48%/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 -31.87% return, which is significantly lower than VGT's 31.64% return.
UVIX
- 1D
- -0.26%
- 1M
- -29.01%
- YTD
- -31.87%
- 6M
- -51.86%
- 1Y
- -85.80%
- 3Y*
- -82.43%
- 5Y*
- —
- 10Y*
- —
VGT
- 1D
- -1.48%
- 1M
- 18.07%
- YTD
- 31.64%
- 6M
- 30.51%
- 1Y
- 60.15%
- 3Y*
- 33.48%
- 5Y*
- 22.23%
- 10Y*
- 25.78%
UVIX vs. VGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UVIX Volatility Shares 2x Long VIX Futures ETF | -31.87% | -83.21% | -75.24% | -95.28% | -62.08% |
VGT Vanguard Information Technology ETF | 31.64% | 21.77% | 29.30% | 52.66% | -23.87% |
Correlation
The correlation between UVIX and VGT is -0.60, 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 | -0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.64 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2022 | -0.65 |
The correlation between UVIX and VGT has been stable across timeframes, ranging from -0.65 to -0.60 - 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 Volatility Shares 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.
| UVIX | VGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.72 | ||
| Sortino ratioReturn per unit of downside risk | -5.32 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.47 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 3.69 | -4.67 |
| Martin ratioReturn relative to average drawdown | -1.26 | 11.77 | -13.04 |
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 | VGT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.77 | 2.95 | -3.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.89 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.62 | 0.68 | -1.30 |
Drawdowns
UVIX vs. VGT - Drawdown Comparison
The maximum UVIX drawdown since its inception was -99.97%, 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 | -99.97% | -54.63% | -45.34% |
Max Drawdown (1Y)Largest decline over 1 year | -87.35% | -16.40% | -70.95% |
Max Drawdown (3Y)Largest decline over 3 years | -99.44% | -27.23% | -72.21% |
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 | -99.97% | -1.48% | -98.49% |
Average DrawdownAverage peak-to-trough decline | -88.52% | -7.95% | -80.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.78% | 5.13% | +62.65% |
Volatility
UVIX vs. VGT - Volatility Comparison
Volatility Shares 2x Long VIX Futures ETF (UVIX) has a higher volatility of 15.41% compared to Vanguard Information Technology ETF (VGT) at 6.39%. 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 | 15.41% | 6.39% | +9.02% |
Volatility (6M)Calculated over the trailing 6-month period | 82.35% | 16.07% | +66.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 111.51% | 20.57% | +90.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 136.15% | 25.18% | +110.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 136.15% | 24.60% | +111.55% |
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 0.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UVIX Volatility Shares 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 | 0.31% | 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 -0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVIX has higher volatility (15.41%) compared to VGT (6.39%). In terms of maximum drawdown, UVIX dropped -99.97% vs VGT's -54.63%.
On 3-year performance, VGT leads with 33.48% vs -82.43% for UVIX. On fees, VGT is cheaper at 0.09% per year. On volatility, VGT has been the lower-risk option at 6.39%. 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 33.48% return vs -82.43%. 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 0.31%, compared with 0.00% for UVIX.
UVIX is categorized as Volatility, while VGT is Technology Equities. UVIX tracks Long VIX Futures Index – Benchmark TR Gross (200%), 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 (2.95 vs -0.77), 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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