UVIX vs. VVX
UVIX (2x Long VIX Futures ETF) is Volatility fund tracking the Long VIX Futures Index (200% Daily), while VVX (V2X Inc) is a stock. Over the past 3 years, UVIX returned -81.87%/yr vs 17.71%/yr for VVX. Their -0.29 correlation means they have often moved in opposite directions in the past.
Performance
UVIX vs. VVX - Performance Comparison
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Returns By Period
In the year-to-date period, UVIX achieves a -52.21% return, which is significantly lower than VVX's 58.35% 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%
VVX
- 1D
- -4.28%
- 1M
- 16.57%
- 6M
- 30.38%
- YTD
- 58.35%
- 1Y
- 82.47%
- 3Y*
- 17.71%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $104.04M | $96.41M | $155.15M | |
VVX V2X Inc | $106.59M | $63.86M | $55.40M |
UVIX vs. VVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UVIX 2x Long VIX Futures ETF | -52.21% | -83.21% | -75.24% | -95.28% | -62.06% |
VVX V2X Inc | 58.35% | 14.05% | 2.99% | 12.47% | 23.51% |
Correlation
The correlation between UVIX and VVX is -0.19, 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. | -0.19 |
Correlation (3Y) Balances recent behavior with more history. | -0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2022 | -0.29 |
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Return for Risk
UVIX vs. VVX — Risk / Return Rank
UVIX
VVX
UVIX vs. VVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 2x Long VIX Futures ETF (UVIX) and V2X Inc (VVX). 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 | VVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.65 | ||
| Sortino ratioReturn per unit of downside risk | -4.30 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.32 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -1.02 | 3.85 | -4.87 |
| Martin ratioReturn relative to average drawdown | -1.43 | 9.62 | -11.05 |
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Drawdowns
UVIX vs. VVX - Drawdown Comparison
The maximum UVIX drawdown since its inception was -99.98%, which is greater than VVX's maximum drawdown of -38.90%. Use the drawdown chart below to compare losses from any high point for UVIX and VVX.
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Drawdown Indicators
| UVIX | VVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -38.90% | -61.08% |
Max Drawdown (1Y)Largest decline over 1 year | -84.53% | -21.78% | -62.75% |
Max Drawdown (3Y)Largest decline over 3 years | -99.42% | -38.90% | -60.52% |
Current DrawdownCurrent decline from peak | -99.98% | -4.88% | -95.10% |
Average DrawdownAverage peak-to-trough decline | -88.87% | -13.95% | -74.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 64.63% | 8.66% | +55.97% |
Volatility
UVIX vs. VVX - Volatility Comparison
2x Long VIX Futures ETF (UVIX) has a higher volatility of 28.43% compared to V2X Inc (VVX) at 11.71%. This indicates that UVIX's price experiences larger fluctuations and is considered to be riskier than VVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UVIX | VVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.43% | 11.71% | +16.72% |
Volatility (6M)Calculated over the trailing 6-month period | 85.88% | 31.22% | +54.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 113.77% | 44.42% | +69.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 135.10% | 44.27% | +90.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 135.10% | 44.27% | +90.83% |
Dividends
UVIX vs. VVX - Dividend Comparison
Neither UVIX nor VVX has paid dividends to shareholders.
Frequently Asked Questions
UVIX and VVX have a correlation of -0.19, 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 VVX (11.71%). In terms of maximum drawdown, UVIX dropped -99.98% vs VVX's -38.90%.
VVX currently has the higher Sharpe Ratio (1.89 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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