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 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
UVIX vs. ^VIX - Performance Comparison
Key characteristics
UVIX:
-0.49
^VIX:
0.08
UVIX:
-0.41
^VIX:
1.40
UVIX:
0.95
^VIX:
1.17
UVIX:
-0.79
^VIX:
0.13
UVIX:
-1.32
^VIX:
0.27
UVIX:
59.59%
^VIX:
41.59%
UVIX:
160.96%
^VIX:
146.48%
UVIX:
-99.77%
^VIX:
-88.70%
UVIX:
-99.77%
^VIX:
-80.69%
Returns By Period
In the year-to-date period, UVIX achieves a -10.59% return, which is significantly lower than ^VIX's -7.95% return.
UVIX
-10.59%
-26.39%
-50.08%
-76.90%
N/A
N/A
^VIX
-7.95%
-33.71%
-3.33%
20.08%
5.51%
-1.59%
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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 -99.77%, 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 47.19% compared to CBOE Volatility Index (^VIX) at 42.31%. 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.