UVIX vs. ^VIX
Compare and contrast key facts about Volatility Shares 2x Long VIX Futures ETF (UVIX) and CBOE Volatility Index (^VIX).
UVIX is a passively managed fund by Volatility Shares that tracks the performance of the Long VIX Futures Index – Benchmark TR Gross (200%). It was launched on Mar 28, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UVIX or ^VIX.
Correlation
The correlation between UVIX and ^VIX is -0.73. 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.
Performance
UVIX vs. ^VIX - Performance Comparison
Key characteristics
UVIX:
-0.30
^VIX:
0.64
UVIX:
0.75
^VIX:
2.34
UVIX:
1.09
^VIX:
1.29
UVIX:
-0.58
^VIX:
1.29
UVIX:
-0.84
^VIX:
2.42
UVIX:
68.78%
^VIX:
45.78%
UVIX:
190.41%
^VIX:
171.21%
UVIX:
-99.80%
^VIX:
-88.70%
UVIX:
-99.61%
^VIX:
-65.59%
Returns By Period
In the year-to-date period, UVIX achieves a 48.18% return, which is significantly lower than ^VIX's 63.98% return.
UVIX
48.18%
72.53%
-6.01%
-46.06%
N/A
N/A
^VIX
63.98%
62.76%
47.87%
81.33%
-4.41%
8.45%
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Risk-Adjusted Performance
UVIX vs. ^VIX — Risk-Adjusted Performance Rank
UVIX
^VIX
UVIX vs. ^VIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Long VIX Futures ETF (UVIX) and CBOE Volatility Index (^VIX). 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.
Drawdowns
UVIX vs. ^VIX - Drawdown Comparison
The maximum UVIX drawdown since its inception was -99.80%, which is greater than ^VIX's maximum drawdown of -88.70%. Use the drawdown chart below to compare losses from any high point for UVIX and ^VIX. For additional features, visit the drawdowns tool.
Volatility
UVIX vs. ^VIX - Volatility Comparison
Volatility Shares 2x Long VIX Futures ETF (UVIX) has a higher volatility of 97.18% compared to CBOE Volatility Index (^VIX) at 81.69%. This indicates that UVIX's price experiences larger fluctuations and is considered to be riskier than ^VIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.