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:
-0.18
^VIX:
0.17
VIXM:
0.01
^VIX:
1.58
VIXM:
1.00
^VIX:
1.19
VIXM:
-0.07
^VIX:
0.30
VIXM:
-0.33
^VIX:
0.56
VIXM:
20.98%
^VIX:
45.32%
VIXM:
39.50%
^VIX:
148.56%
VIXM:
-96.23%
^VIX:
-88.70%
VIXM:
-95.86%
^VIX:
-77.98%
Returns By Period
In the year-to-date period, VIXM achieves a 4.36% return, which is significantly lower than ^VIX's 4.96% return. Over the past 10 years, VIXM has underperformed ^VIX with an annualized return of -13.13%, while ^VIX has yielded a comparatively higher 2.80% annualized return.
VIXM
4.36%
4.79%
3.14%
-6.04%
-6.00%
-13.13%
^VIX
4.96%
20.60%
14.82%
25.24%
1.24%
2.80%
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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 5.52%, while CBOE Volatility Index (^VIX) has a volatility of 33.77%. 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.