VIXM vs. VVX
VIXM (ProShares VIX Mid-Term Futures ETF) is Volatility fund tracking the S&P 500 VIX Mid-Term Futures Index, while VVX (V2X Inc) is a stock. Over the past 3 years, VIXM returned -10.10%/yr vs 14.87%/yr for VVX. At a correlation of -0.29, they often move in opposite directions.
Performance
VIXM vs. VVX - Performance Comparison
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Returns By Period
In the year-to-date period, VIXM achieves a -6.22% return, which is significantly lower than VVX's 36.83% 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%
VVX
- 1D
- -0.16%
- 1M
- -17.81%
- 6M
- 13.92%
- YTD
- 36.83%
- 1Y
- 52.64%
- 3Y*
- 14.87%
- 5Y*
- —
- 10Y*
- —
VIXM vs. VVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VIXM ProShares VIX Mid-Term Futures ETF | -6.22% | 5.60% | -13.67% | -44.83% | -12.36% |
VVX V2X Inc | 36.83% | 14.05% | 2.99% | 12.47% | 23.51% |
Correlation
The correlation between VIXM and VVX is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2022 | -0.29 |
The correlation between VIXM and VVX shifts across timeframes, from -0.29 (all time) to -0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VIXM vs. VVX — Risk / Return Rank
VIXM
VVX
VIXM vs. VVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares VIX Mid-Term Futures ETF (VIXM) and V2X Inc (VVX). 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 | VVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.24 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 2.45 | -3.21 |
| Martin ratioReturn relative to average drawdown | -1.55 | 6.40 | -7.95 |
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Drawdowns
VIXM vs. VVX - Drawdown Comparison
The maximum VIXM drawdown since its inception was -96.23%, which is greater than VVX's maximum drawdown of -38.90%. Use the drawdown chart below to compare losses from any high point for VIXM and VVX.
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Drawdown Indicators
| VIXM | VVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.23% | -38.90% | -57.33% |
Max Drawdown (1Y)Largest decline over 1 year | -19.16% | -21.78% | +2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -37.26% | -38.90% | +1.64% |
Max Drawdown (5Y)Largest decline over 5 years | -63.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -72.55% | — | — |
Current DrawdownCurrent decline from peak | -96.07% | -17.81% | -78.26% |
Average DrawdownAverage peak-to-trough decline | -81.60% | -14.02% | -67.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.30% | 8.35% | +0.95% |
Volatility
VIXM vs. VVX - Volatility Comparison
The current volatility for ProShares VIX Mid-Term Futures ETF (VIXM) is 3.38%, while V2X Inc (VVX) has a volatility of 15.14%. This indicates that VIXM experiences smaller price fluctuations and is considered to be less risky than VVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIXM | VVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 15.14% | -11.76% |
Volatility (6M)Calculated over the trailing 6-month period | 13.99% | 29.88% | -15.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 43.60% | -24.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.60% | 44.25% | -13.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.63% | 44.25% | -11.62% |
Dividends
VIXM vs. VVX - Dividend Comparison
Neither VIXM nor VVX has paid dividends to shareholders.
Frequently Asked Questions
VIXM and VVX have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VVX has higher volatility (15.14%) compared to VIXM (3.38%). In terms of maximum drawdown, VIXM dropped -96.23% vs VVX's -38.90%.
VVX currently has the higher Sharpe Ratio (1.23 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.
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