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:
-0.47
^VIX:
0.57
UVIX:
-0.31
^VIX:
2.17
UVIX:
0.96
^VIX:
1.26
UVIX:
-0.74
^VIX:
0.96
UVIX:
-1.23
^VIX:
2.15
UVIX:
60.50%
^VIX:
38.41%
UVIX:
157.14%
^VIX:
142.23%
UVIX:
-99.77%
^VIX:
-88.70%
UVIX:
-99.66%
^VIX:
-70.87%
Returns By Period
In the year-to-date period, UVIX achieves a -67.15% return, which is significantly lower than ^VIX's 93.49% return.
UVIX
-67.15%
17.75%
-26.79%
-74.27%
N/A
N/A
^VIX
93.49%
47.34%
81.40%
76.23%
13.50%
4.52%
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Risk-Adjusted Performance
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
The current volatility for Volatility Shares 2x Long VIX Futures ETF (UVIX) is 41.14%, while CBOE Volatility Index (^VIX) has a volatility of 61.59%. This indicates that UVIX experiences smaller price fluctuations and is considered to be less risky than ^VIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.