VIXM vs. D

Last updated Jul 15, 2026

VIXM (ProShares VIX Mid-Term Futures ETF) is Volatility fund tracking the S&P 500 VIX Mid-Term Futures Index, while D (Dominion Energy, Inc.) is a stock. Over the past 10 years, VIXM returned -11.68%/yr vs 3.55%/yr for D. At a correlation of -0.23, they often move in opposite directions.

Performance

VIXM vs. D - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares VIX Mid-Term Futures ETF (VIXM) and Dominion Energy, Inc. (D). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIXM achieves a -6.22% return, which is significantly lower than D's 24.22% return. Over the past 10 years, VIXM has underperformed D with an annualized return of -11.68%, while D has yielded a comparatively higher 3.55% annualized return.

VIXM

• 1D: -0.42%
• 1M: -6.04%
• 6M: -4.34%
• YTD: -6.22%
• 1Y: -14.41%
• 3Y*: -10.10%
• 5Y*: -14.31%
• 10Y*: -11.68%

D

• 1D: 0.71%
• 1M: 4.99%
• 6M: 23.31%
• YTD: 24.22%
• 1Y: 30.15%
• 3Y*: 16.11%
• 5Y*: 3.19%
• 10Y*: 3.55%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VIXM vs. D - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIXM ProShares VIX Mid-Term Futures ETF	-6.22%	5.60%	-13.67%	-44.83%	-0.69%	-16.70%	72.38%	-20.38%	26.43%	-50.05%
D Dominion Energy, Inc.	24.22%	13.96%	20.43%	-19.13%	-19.12%	8.12%	-5.35%	21.50%	-7.59%	9.91%

Correlation

The correlation between VIXM and D is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	-0.08
Correlation (5Y) Calculated over the trailing 5-year period	-0.15
Correlation (10Y) Calculated over the trailing 10-year period	-0.15
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011	-0.23

The correlation between VIXM and D shifts across timeframes, from -0.23 (all time) to 0.04 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VIXM vs. D — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VIXM

VIXM Risk / Return Rank: 3
VIXM Sharpe Ratio Rank: 3
VIXM Sortino Ratio Rank: 3
VIXM Omega Ratio Rank: 3
VIXM Calmar Ratio Rank: 3
VIXM Martin Ratio Rank: 1

D

D Risk / Return Rank: 85
D Sharpe Ratio Rank: 85
D Sortino Ratio Rank: 83
D Omega Ratio Rank: 82
D Calmar Ratio Rank: 87
D Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VIXM vs. D - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares VIX Mid-Term Futures ETF (VIXM) and Dominion Energy, Inc. (D). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VIXM	D	Difference
Sharpe ratio: Return per unit of total volatility	-0.78	1.47	-2.25
Sortino ratio: Return per unit of downside risk	-0.99	2.23	-3.22
Omega ratio: Gain probability vs. loss probability	0.88	1.28	-0.40
Calmar ratio: Return relative to maximum drawdown	-0.75	3.10	-3.85
Martin ratio: Return relative to average drawdown	-1.55	8.50	-10.05

VIXM vs. D - Sharpe Ratio Comparison

The current VIXM Sharpe Ratio is -0.78, which is lower than the D Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of VIXM and D, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VIXM vs. D - Drawdown Comparison

The maximum VIXM drawdown since its inception was -96.23%, which is greater than D's maximum drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for VIXM and D.

Drawdown Indicators

	VIXM	D	Difference
Max Drawdown Largest peak-to-trough decline	-96.23%	-52.20%	-44.03%
Max Drawdown (1Y) Largest decline over 1 year	-19.16%	-9.77%	-9.39%
Max Drawdown (3Y) Largest decline over 3 years	-37.26%	-26.41%	-10.85%
Max Drawdown (5Y) Largest decline over 5 years	-63.40%	-52.20%	-11.20%
Max Drawdown (10Y) Largest decline over 10 years	-72.55%	-52.20%	-20.35%
Current Drawdown Current decline from peak	-96.07%	-1.71%	-94.36%
Average Drawdown Average peak-to-trough decline	-81.60%	-9.57%	-72.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.30%	3.56%	+5.74%

Volatility

VIXM vs. D - Volatility Comparison

The current volatility for ProShares VIX Mid-Term Futures ETF (VIXM) is 3.38%, while Dominion Energy, Inc. (D) has a volatility of 4.45%. This indicates that VIXM experiences smaller price fluctuations and is considered to be less risky than D based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIXM	D	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	4.45%	-1.07%
Volatility (6M) Calculated over the trailing 6-month period	13.99%	15.98%	-1.99%
Volatility (1Y) Calculated over the trailing 1-year period	18.62%	20.58%	-1.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.60%	22.82%	+7.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.63%	23.75%	+8.88%

Dividends

VIXM vs. D - Dividend Comparison

VIXM has not paid dividends to shareholders, while D's dividend yield for the trailing twelve months is around 3.74%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
D Dominion Energy, Inc.	3.74%	4.56%	4.96%	5.68%	4.35%	3.21%	4.59%	4.43%	4.67%	3.74%	3.66%	3.83%
VIXM ProShares VIX Mid-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%

Frequently Asked Questions

Can I hold both VIXM and D in my portfolio?

VIXM and D have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VIXM or D?

D has higher volatility (4.45%) compared to VIXM (3.38%). In terms of maximum drawdown, VIXM dropped -96.23% vs D's -52.20%.

Which has better risk-adjusted returns?

D currently has the higher Sharpe Ratio (1.47 vs -0.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.