UVIX vs. VVX
UVIX (Volatility Shares 2x Long VIX Futures ETF) is Volatility fund tracking the Long VIX Futures Index – Benchmark TR Gross (200%), while VVX (V2X Inc) is a stock. Over the past 3 years, UVIX returned -82.43%/yr vs 24.36%/yr for VVX. At a correlation of -0.31, they often move in opposite directions.
Performance
UVIX vs. VVX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UVIX achieves a -31.87% return, which is significantly lower than VVX's 51.68% return.
UVIX
- 1D
- -0.26%
- 1M
- -29.01%
- YTD
- -31.87%
- 6M
- -51.86%
- 1Y
- -85.80%
- 3Y*
- -82.43%
- 5Y*
- —
- 10Y*
- —
VVX
- 1D
- -0.58%
- 1M
- 22.00%
- YTD
- 51.68%
- 6M
- 47.67%
- 1Y
- 84.61%
- 3Y*
- 24.36%
- 5Y*
- —
- 10Y*
- —
UVIX vs. VVX - 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% | -60.30% |
VVX V2X Inc | 51.68% | 14.05% | 2.99% | 12.47% | 31.00% |
Correlation
The correlation between UVIX and VVX is -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.29 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | -0.31 |
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. VVX — Risk / Return Rank
UVIX
VVX
UVIX vs. VVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 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.
| UVIX | VVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.87 | ||
| Sortino ratioReturn per unit of downside risk | -4.66 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.37 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 5.51 | -6.49 |
| Martin ratioReturn relative to average drawdown | -1.26 | 12.03 | -13.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| UVIX | VVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.77 | 2.10 | -2.87 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.62 | 0.64 | -1.26 |
Drawdowns
UVIX vs. VVX - Drawdown Comparison
The maximum UVIX drawdown since its inception was -99.97%, 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.
Loading charts...
Drawdown Indicators
| UVIX | VVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -38.90% | -61.07% |
Max Drawdown (1Y)Largest decline over 1 year | -87.35% | -15.61% | -71.74% |
Max Drawdown (3Y)Largest decline over 3 years | -99.44% | -38.90% | -60.54% |
Current DrawdownCurrent decline from peak | -99.97% | -1.11% | -98.86% |
Average DrawdownAverage peak-to-trough decline | -88.52% | -14.05% | -74.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.78% | 7.11% | +60.67% |
Volatility
UVIX vs. VVX - Volatility Comparison
Volatility Shares 2x Long VIX Futures ETF (UVIX) and V2X Inc (VVX) have volatilities of 15.41% and 16.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UVIX | VVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.41% | 16.22% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 82.35% | 27.83% | +54.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 111.51% | 41.01% | +70.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 136.15% | 44.03% | +92.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 136.15% | 44.03% | +92.12% |
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 -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VVX has higher volatility (16.22%) compared to UVIX (15.41%). In terms of maximum drawdown, UVIX dropped -99.97% vs VVX's -38.90%.
VVX currently has the higher Sharpe Ratio (2.10 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.
Find the right allocation for UVIX and VVX
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