UVXY vs. SPY
Compare and contrast key facts about ProShares Ultra VIX Short-Term Futures ETF (UVXY) and SPDR S&P 500 ETF (SPY).
UVXY and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UVXY is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX SHORT-TERM FUTURES TR (150%). It was launched on Oct 3, 2011. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both UVXY and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UVXY or SPY.
Key characteristics
| UVXY | SPY | |
|---|---|---|
| YTD Return | -52.56% | 26.83% |
| 1Y Return | -66.80% | 34.88% |
| 3Y Return (Ann) | -70.37% | 10.16% |
| 5Y Return (Ann) | -69.98% | 15.71% |
| 10Y Return (Ann) | -66.18% | 13.33% |
| Sharpe Ratio | -0.61 | 3.08 |
| Sortino Ratio | -0.91 | 4.10 |
| Omega Ratio | 0.90 | 1.58 |
| Calmar Ratio | -0.67 | 4.46 |
| Martin Ratio | -1.38 | 20.22 |
| Ulcer Index | 48.86% | 1.85% |
| Daily Std Dev | 110.14% | 12.18% |
| Max Drawdown | -100.00% | -55.19% |
| Current Drawdown | -100.00% | -0.26% |
Correlation
The correlation between UVXY and SPY is -0.57. 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
UVXY vs. SPY - Performance Comparison
In the year-to-date period, UVXY achieves a -52.56% return, which is significantly lower than SPY's 26.83% return. Over the past 10 years, UVXY has underperformed SPY with an annualized return of -66.18%, while SPY has yielded a comparatively higher 13.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
UVXY vs. SPY - Expense Ratio Comparison
UVXY has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
UVXY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra VIX Short-Term Futures ETF (UVXY) and SPDR S&P 500 ETF (SPY). 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.
Dividends
UVXY vs. SPY - Dividend Comparison
UVXY has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.17%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UVXY ProShares Ultra VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
UVXY vs. SPY - Drawdown Comparison
The maximum UVXY drawdown since its inception was -100.00%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for UVXY and SPY. For additional features, visit the drawdowns tool.
Volatility
UVXY vs. SPY - Volatility Comparison
ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a higher volatility of 26.62% compared to SPDR S&P 500 ETF (SPY) at 3.77%. This indicates that UVXY's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.