VIXM vs. VOO
Compare and contrast key facts about ProShares VIX Mid-Term Futures ETF (VIXM) and Vanguard S&P 500 ETF (VOO).
VIXM and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both VIXM and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIXM or VOO.
Correlation
The correlation between VIXM and VOO is 1.00, 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. VOO - Performance Comparison
Key characteristics
VIXM:
0.41
VOO:
0.56
VIXM:
1.00
VOO:
0.92
VIXM:
1.14
VOO:
1.13
VIXM:
0.19
VOO:
0.58
VIXM:
0.88
VOO:
2.25
VIXM:
20.93%
VOO:
4.83%
VIXM:
45.69%
VOO:
19.11%
VIXM:
-96.23%
VOO:
-33.99%
VIXM:
-95.22%
VOO:
-7.55%
Returns By Period
In the year-to-date period, VIXM achieves a 20.40% return, which is significantly higher than VOO's -3.28% return. Over the past 10 years, VIXM has underperformed VOO with an annualized return of -11.28%, while VOO has yielded a comparatively higher 12.40% annualized return.
VIXM
20.40%
-6.09%
22.95%
18.68%
-14.84%
-11.28%
VOO
-3.28%
13.71%
-4.52%
10.70%
15.89%
12.40%
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VIXM vs. VOO - Expense Ratio Comparison
VIXM has a 0.85% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
VIXM vs. VOO — Risk-Adjusted Performance Rank
VIXM
VOO
VIXM vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares VIX Mid-Term Futures ETF (VIXM) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
VIXM vs. VOO - Dividend Comparison
VIXM has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.34%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VOO Vanguard S&P 500 ETF | 1.34% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
VIXM vs. VOO - Drawdown Comparison
The maximum VIXM drawdown since its inception was -96.23%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VIXM and VOO. For additional features, visit the drawdowns tool.
Volatility
VIXM vs. VOO - Volatility Comparison
ProShares VIX Mid-Term Futures ETF (VIXM) has a higher volatility of 17.51% compared to Vanguard S&P 500 ETF (VOO) at 11.03%. This indicates that VIXM's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.