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 -10.95%/yr vs 14.14%/yr for VVX. Their -0.29 correlation means they have often moved in opposite directions in the past.
Performance
VIXM vs. VVX - Performance Comparison
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Returns By Period
In the year-to-date period, VIXM achieves a -5.57% return, which is significantly lower than VVX's 44.38% return.
VIXM
- 1D
- 0.21%
- 1M
- 0.70%
- 6M
- -5.57%
- YTD
- -5.57%
- 1Y
- -14.47%
- 3Y*
- -10.95%
- 5Y*
- -14.33%
- 10Y*
- -11.18%
- ALL TIME*
- -18.02%
VVX
- 1D
- -8.82%
- 1M
- 6.29%
- 6M
- 18.61%
- YTD
- 44.38%
- 1Y
- 62.39%
- 3Y*
- 14.14%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 23.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.24M | $6.07M | $4.69M | |
VVX V2X Inc | $110.79M | $66.24M | $56.33M |
VIXM vs. VVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VIXM ProShares VIX Mid-Term Futures ETF | -5.57% | 5.60% | -13.67% | -44.83% | -12.36% |
VVX V2X Inc | 44.38% | 14.05% | 2.99% | 12.47% | 23.51% |
Correlation
The correlation between VIXM and VVX is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.18 |
Correlation (3Y) Balances recent behavior with more history. | -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 -0.18 (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 | -2.19 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.26 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 2.91 | -3.66 |
| Martin ratioReturn relative to average drawdown | -1.43 | 7.24 | -8.66 |
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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 | -19.36% | -21.78% | +2.42% |
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 | -72.34% | — | — |
Current DrawdownCurrent decline from peak | -96.04% | -13.27% | -82.77% |
Average DrawdownAverage peak-to-trough decline | -81.65% | -13.95% | -67.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.17% | 8.70% | +1.47% |
Volatility
VIXM vs. VVX - Volatility Comparison
The current volatility for ProShares VIX Mid-Term Futures ETF (VIXM) is 3.09%, while V2X Inc (VVX) has a volatility of 14.96%. 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 | 3.09% | 14.96% | -11.87% |
Volatility (6M)Calculated over the trailing 6-month period | 13.72% | 32.37% | -18.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.41% | 45.26% | -26.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.50% | 44.48% | -13.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.61% | 44.48% | -11.87% |
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 -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VVX has higher volatility (14.96%) compared to VIXM (3.09%). In terms of maximum drawdown, VIXM dropped -96.23% vs VVX's -38.90%.
VVX currently has the higher Sharpe Ratio (1.40 vs -0.79), 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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