VIXM vs. ^VIX
Compare and contrast key facts about ProShares VIX Mid-Term Futures ETF (VIXM) and CBOE Volatility Index (^VIX).
VIXM is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX Mid-Term Futures Index. It was launched on Jan 4, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIXM or ^VIX.
Correlation
The correlation between VIXM and ^VIX is 0.77, 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
VIXM vs. ^VIX - Performance Comparison
Key characteristics
VIXM:
-0.30
^VIX:
0.06
VIXM:
-0.20
^VIX:
1.37
VIXM:
0.97
^VIX:
1.17
VIXM:
-0.12
^VIX:
0.10
VIXM:
-0.60
^VIX:
0.21
VIXM:
19.41%
^VIX:
41.93%
VIXM:
39.50%
^VIX:
146.37%
VIXM:
-96.23%
^VIX:
-88.70%
VIXM:
-96.06%
^VIX:
-81.79%
Returns By Period
In the year-to-date period, VIXM achieves a -0.76% return, which is significantly higher than ^VIX's -13.20% return. Over the past 10 years, VIXM has underperformed ^VIX with an annualized return of -14.02%, while ^VIX has yielded a comparatively higher -0.97% annualized return.
VIXM
-0.76%
-3.24%
-0.00%
-8.66%
-6.43%
-14.02%
^VIX
-13.20%
-17.97%
2.31%
14.18%
2.92%
-0.97%
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Risk-Adjusted Performance
VIXM vs. ^VIX — Risk-Adjusted Performance Rank
VIXM
^VIX
VIXM vs. ^VIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares VIX Mid-Term Futures ETF (VIXM) 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
VIXM vs. ^VIX - Drawdown Comparison
The maximum VIXM drawdown since its inception was -96.23%, which is greater than ^VIX's maximum drawdown of -88.70%. Use the drawdown chart below to compare losses from any high point for VIXM and ^VIX. For additional features, visit the drawdowns tool.
Volatility
VIXM vs. ^VIX - Volatility Comparison
The current volatility for ProShares VIX Mid-Term Futures ETF (VIXM) is 7.51%, while CBOE Volatility Index (^VIX) has a volatility of 32.17%. This indicates that VIXM 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.