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:
-0.40
^VIX:
0.21
VIXM:
-0.39
^VIX:
1.63
VIXM:
0.95
^VIX:
1.20
VIXM:
-0.16
^VIX:
0.36
VIXM:
-0.82
^VIX:
0.80
VIXM:
18.85%
^VIX:
38.55%
VIXM:
38.92%
^VIX:
143.98%
VIXM:
-96.23%
^VIX:
-88.70%
VIXM:
-95.93%
^VIX:
-77.80%
Returns By Period
In the year-to-date period, VIXM achieves a -11.46% return, which is significantly lower than ^VIX's 47.47% return. Over the past 10 years, VIXM has underperformed ^VIX with an annualized return of -13.21%, while ^VIX has yielded a comparatively higher 2.10% annualized return.
VIXM
-11.46%
4.51%
1.99%
-14.08%
-6.83%
-13.21%
^VIX
47.47%
6.99%
39.09%
34.51%
7.69%
2.10%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
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 10.95%, while CBOE Volatility Index (^VIX) has a volatility of 68.03%. 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.