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UVXY vs. VIXY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


UVXYVIXY
YTD Return-27.37%-18.25%
1Y Return-87.54%-73.02%
3Y Return (Ann)-78.21%-59.63%
5Y Return (Ann)-72.57%-51.74%
10Y Return (Ann)-69.94%-49.49%
Sharpe Ratio-1.20-1.48
Daily Std Dev73.45%49.67%
Max Drawdown-100.00%-99.99%
Current Drawdown-100.00%-99.99%

Correlation

0.75
-1.001.00

The correlation between UVXY and VIXY is 0.75, 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

UVXY vs. VIXY - Performance Comparison

In the year-to-date period, UVXY achieves a -27.37% return, which is significantly lower than VIXY's -18.25% return. Over the past 10 years, UVXY has underperformed VIXY with an annualized return of -69.94%, while VIXY has yielded a comparatively higher -49.49% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-100.00%-100.00%-100.00%-99.99%-99.99%-99.99%OctoberNovemberDecember2024FebruaryMarch
-100.00%
-99.99%
UVXY
VIXY

Compare stocks, funds, or ETFs


ProShares Ultra VIX Short-Term Futures ETF

ProShares VIX Short-Term Futures ETF

UVXY vs. VIXY - Expense Ratio Comparison

UVXY has a 0.95% expense ratio, which is higher than VIXY's 0.85% expense ratio.

UVXY
ProShares Ultra VIX Short-Term Futures ETF
0.50%1.00%1.50%2.00%0.95%
0.50%1.00%1.50%2.00%0.85%

Risk-Adjusted Performance

UVXY vs. VIXY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra VIX Short-Term Futures ETF (UVXY) and ProShares VIX Short-Term Futures ETF (VIXY). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
UVXY
ProShares Ultra VIX Short-Term Futures ETF
-1.20
VIXY
ProShares VIX Short-Term Futures ETF
-1.48

UVXY vs. VIXY - Sharpe Ratio Comparison

The current UVXY Sharpe Ratio is -1.20, which roughly equals the VIXY Sharpe Ratio of -1.48. The chart below compares the 12-month rolling Sharpe Ratio of UVXY and VIXY.


Rolling 12-month Sharpe Ratio-1.50-1.40-1.30-1.20-1.10-1.00OctoberNovemberDecember2024FebruaryMarch
-1.20
-1.48
UVXY
VIXY

Dividends

UVXY vs. VIXY - Dividend Comparison

Neither UVXY nor VIXY has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

UVXY vs. VIXY - Drawdown Comparison

The maximum UVXY drawdown since its inception was -100.00%, roughly equal to the maximum VIXY drawdown of -99.99%. The drawdown chart below compares losses from any high point along the way for UVXY and VIXY


-100.00%-100.00%-100.00%-99.99%-99.99%-99.99%OctoberNovemberDecember2024FebruaryMarch
-100.00%
-99.99%
UVXY
VIXY

Volatility

UVXY vs. VIXY - Volatility Comparison

ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a higher volatility of 13.85% compared to ProShares VIX Short-Term Futures ETF (VIXY) at 9.59%. This indicates that UVXY's price experiences larger fluctuations and is considered to be riskier than VIXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%30.00%35.00%40.00%OctoberNovemberDecember2024FebruaryMarch
13.85%
9.59%
UVXY
VIXY