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 -68.51%/yr vs -11.81%/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 -36.79% return, which is significantly lower than INDO's -2.39% return.
UVXY
- 1D
- -4.58%
- 1M
- -11.87%
- 6M
- -38.65%
- YTD
- -36.79%
- 1Y
- -73.68%
- 3Y*
- -62.59%
- 5Y*
- -68.51%
- 10Y*
- -72.24%
INDO
- 1D
- -2.72%
- 1M
- 14.86%
- 6M
- -33.95%
- YTD
- -2.39%
- 1Y
- 1.42%
- 3Y*
- -11.81%
- 5Y*
- -11.81%
- 10Y*
- —
UVXY vs. INDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UVXY ProShares Ultra VIX Short-Term Futures ETF | -36.79% | -65.32% | -50.90% | -87.70% | -44.81% | -88.33% | -17.38% | 2.46% |
INDO Indonesia Energy Corporation Limited | -2.39% | 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 | 0.12 |
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 | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.27 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.08 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 0.02 | -1.02 |
| Martin ratioReturn relative to average drawdown | -1.49 | 0.04 | -1.54 |
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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 | -73.96% | -63.06% | -10.90% |
Max Drawdown (3Y)Largest decline over 3 years | -95.42% | -65.13% | -30.29% |
Max Drawdown (5Y)Largest decline over 5 years | -99.75% | -96.57% | -3.18% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -95.35% | -4.65% |
Average DrawdownAverage peak-to-trough decline | -98.76% | -78.70% | -20.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.34% | 32.13% | +17.21% |
Volatility
UVXY vs. INDO - Volatility Comparison
ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a higher volatility of 19.67% compared to Indonesia Energy Corporation Limited (INDO) at 15.47%. 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 | 19.67% | 15.47% | +4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 66.82% | 77.23% | -10.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 85.40% | 85.13% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 103.84% | 145.47% | -41.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 112.02% | 145.20% | -33.18% |
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 (19.67%) compared to INDO (15.47%). In terms of maximum drawdown, UVXY dropped -100.00% vs INDO's -96.57%.
INDO currently has the higher Sharpe Ratio (0.02 vs -0.86), 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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