UVXY vs. INDO
UVXY (ProShares Ultra VIX Short-Term Futures ETF) is Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%), while INDO (Indonesia Energy Corporation Limited) is a stock. Over the past 5 years, UVXY returned -66.90%/yr vs -14.37%/yr for INDO. At a correlation of -0.06, they often move in opposite directions.
Performance
UVXY vs. INDO - Performance Comparison
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Returns By Period
In the year-to-date period, UVXY achieves a -22.07% return, which is significantly lower than INDO's -8.87% return.
UVXY
- 1D
- 8.28%
- 1M
- -14.92%
- YTD
- -22.07%
- 6M
- -24.28%
- 1Y
- -74.07%
- 3Y*
- -61.96%
- 5Y*
- -66.90%
- 10Y*
- -73.85%
INDO
- 1D
- 1.52%
- 1M
- -17.59%
- YTD
- -8.87%
- 6M
- -17.85%
- 1Y
- -45.17%
- 3Y*
- -14.22%
- 5Y*
- -14.37%
- 10Y*
- —
UVXY vs. INDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UVXY ProShares Ultra VIX Short-Term Futures ETF | -22.07% | -65.32% | -50.90% | -87.70% | -44.81% | -88.33% | -17.38% | 2.46% |
INDO Indonesia Energy Corporation Limited | -8.87% | 5.40% | 2.58% | -41.85% | 66.43% | -62.67% | 2.60% | -32.36% |
Correlation
The correlation between UVXY and INDO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2019 | -0.06 |
The correlation between UVXY and INDO shifts across timeframes, from -0.06 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UVXY vs. INDO — Risk / Return Rank
UVXY
INDO
UVXY vs. INDO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra VIX Short-Term Futures ETF (UVXY) and Indonesia Energy Corporation Limited (INDO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UVXY | INDO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.96 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | -0.72 | -0.29 |
| Martin ratioReturn relative to average drawdown | -1.45 | -1.46 | +0.01 |
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Drawdowns
UVXY vs. INDO - Drawdown Comparison
The maximum UVXY drawdown since its inception was -100.00%, roughly equal to the maximum INDO drawdown of -96.57%. Use the drawdown chart below to compare losses from any high point for UVXY and INDO.
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Drawdown Indicators
| UVXY | INDO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -96.57% | -3.43% |
Max Drawdown (1Y)Largest decline over 1 year | -73.51% | -63.06% | -10.45% |
Max Drawdown (3Y)Largest decline over 3 years | -94.93% | -65.13% | -29.80% |
Max Drawdown (5Y)Largest decline over 5 years | -99.71% | -96.57% | -3.14% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -95.66% | -4.34% |
Average DrawdownAverage peak-to-trough decline | -98.75% | -78.55% | -20.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.34% | 41.36% | +13.98% |
Volatility
UVXY vs. INDO - Volatility Comparison
ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a higher volatility of 25.85% compared to Indonesia Energy Corporation Limited (INDO) at 19.67%. This indicates that UVXY's price experiences larger fluctuations and is considered to be riskier than INDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UVXY | INDO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.85% | 19.67% | +6.18% |
Volatility (6M)Calculated over the trailing 6-month period | 66.46% | 80.14% | -13.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 85.46% | 90.43% | -4.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 103.96% | 145.52% | -41.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 112.39% | 145.78% | -33.39% |
Dividends
UVXY vs. INDO - Dividend Comparison
Neither UVXY nor INDO has paid dividends to shareholders.
Frequently Asked Questions
UVXY and INDO 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.
UVXY has higher volatility (25.85%) compared to INDO (19.67%). In terms of maximum drawdown, UVXY dropped -100.00% vs INDO's -96.57%.
INDO currently has the higher Sharpe Ratio (-0.50 vs -0.87), 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.
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