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UVIX vs. VXX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between UVIX and VXX is -0.70. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.7

Performance

UVIX vs. VXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Volatility Shares 2x Long VIX Futures ETF (UVIX) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX). The values are adjusted to include any dividend payments, if applicable.

-100.00%-95.00%-90.00%-85.00%-80.00%NovemberDecember2025FebruaryMarchApril
-99.34%
-82.90%
UVIX
VXX

Key characteristics

Sharpe Ratio

UVIX:

-0.30

VXX:

0.11

Sortino Ratio

UVIX:

0.75

VXX:

0.98

Omega Ratio

UVIX:

1.09

VXX:

1.12

Calmar Ratio

UVIX:

-0.58

VXX:

0.11

Martin Ratio

UVIX:

-0.84

VXX:

0.28

Ulcer Index

UVIX:

68.78%

VXX:

38.33%

Daily Std Dev

UVIX:

190.41%

VXX:

94.14%

Max Drawdown

UVIX:

-99.80%

VXX:

-99.08%

Current Drawdown

UVIX:

-99.61%

VXX:

-98.45%

Returns By Period

The year-to-date returns for both investments are quite close, with UVIX having a 48.18% return and VXX slightly higher at 49.30%.


UVIX

YTD

48.18%

1M

72.53%

6M

-6.01%

1Y

-46.06%

5Y*

N/A

10Y*

N/A

VXX

YTD

49.30%

1M

50.45%

6M

27.29%

1Y

24.69%

5Y*

-52.05%

10Y*

N/A

*Annualized

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UVIX vs. VXX - Expense Ratio Comparison

UVIX has a 2.78% expense ratio, which is higher than VXX's 0.89% expense ratio.


Expense ratio chart for UVIX: current value is 2.78%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
UVIX: 2.78%
Expense ratio chart for VXX: current value is 0.89%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VXX: 0.89%

Risk-Adjusted Performance

UVIX vs. VXX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UVIX
The Risk-Adjusted Performance Rank of UVIX is 2929
Overall Rank
The Sharpe Ratio Rank of UVIX is 1212
Sharpe Ratio Rank
The Sortino Ratio Rank of UVIX is 6262
Sortino Ratio Rank
The Omega Ratio Rank of UVIX is 5858
Omega Ratio Rank
The Calmar Ratio Rank of UVIX is 22
Calmar Ratio Rank
The Martin Ratio Rank of UVIX is 1212
Martin Ratio Rank

VXX
The Risk-Adjusted Performance Rank of VXX is 5151
Overall Rank
The Sharpe Ratio Rank of VXX is 3838
Sharpe Ratio Rank
The Sortino Ratio Rank of VXX is 7070
Sortino Ratio Rank
The Omega Ratio Rank of VXX is 6767
Omega Ratio Rank
The Calmar Ratio Rank of VXX is 4040
Calmar Ratio Rank
The Martin Ratio Rank of VXX is 3737
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

UVIX vs. VXX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Long VIX Futures ETF (UVIX) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX). 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.


The chart of Sharpe ratio for UVIX, currently valued at -0.30, compared to the broader market-1.000.001.002.003.004.00
UVIX: -0.30
VXX: 0.11
The chart of Sortino ratio for UVIX, currently valued at 0.75, compared to the broader market-2.000.002.004.006.008.00
UVIX: 0.75
VXX: 0.98
The chart of Omega ratio for UVIX, currently valued at 1.09, compared to the broader market0.501.001.502.002.50
UVIX: 1.09
VXX: 1.12
The chart of Calmar ratio for UVIX, currently valued at -0.58, compared to the broader market0.002.004.006.008.0010.0012.00
UVIX: -0.58
VXX: 0.12
The chart of Martin ratio for UVIX, currently valued at -0.84, compared to the broader market0.0020.0040.0060.00
UVIX: -0.84
VXX: 0.28

The current UVIX Sharpe Ratio is -0.30, which is lower than the VXX Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of UVIX and VXX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.60-0.40-0.200.000.200.400.60NovemberDecember2025FebruaryMarchApril
-0.30
0.11
UVIX
VXX

Dividends

UVIX vs. VXX - Dividend Comparison

Neither UVIX nor VXX has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

UVIX vs. VXX - Drawdown Comparison

The maximum UVIX drawdown since its inception was -99.80%, roughly equal to the maximum VXX drawdown of -99.08%. Use the drawdown chart below to compare losses from any high point for UVIX and VXX. For additional features, visit the drawdowns tool.


-100.00%-95.00%-90.00%-85.00%-80.00%NovemberDecember2025FebruaryMarchApril
-99.61%
-84.74%
UVIX
VXX

Volatility

UVIX vs. VXX - Volatility Comparison

Volatility Shares 2x Long VIX Futures ETF (UVIX) has a higher volatility of 97.16% compared to iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) at 47.36%. This indicates that UVIX's price experiences larger fluctuations and is considered to be riskier than VXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


20.00%40.00%60.00%80.00%100.00%NovemberDecember2025FebruaryMarchApril
97.16%
47.36%
UVIX
VXX