VIXM vs. VVX

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares VIX Mid-Term Futures ETF (VIXM) and V2X Inc (VVX).

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 3, 2011.

Performance

VIXM vs. VVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares VIX Mid-Term Futures ETF (VIXM) and V2X Inc (VVX). The values are adjusted to include any dividend payments, if applicable.

VIXM vs. VVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VIXM ProShares VIX Mid-Term Futures ETF	12.31%	5.60%	-13.67%	-44.83%	-11.77%
VVX V2X Inc	25.57%	14.05%	2.99%	12.47%	31.00%

Returns By Period

In the year-to-date period, VIXM achieves a 12.31% return, which is significantly lower than VVX's 25.57% return.

VIXM

• 1D: -2.72%
• 1M: 9.31%
• YTD: 12.31%
• 6M: 8.41%
• 1Y: 8.20%
• 3Y*: -13.85%
• 5Y*: -12.86%
• 10Y*: -10.48%

VVX

• 1D: 2.38%
• 1M: -1.79%
• YTD: 25.57%
• 6M: 17.92%
• 1Y: 39.65%
• 3Y*: 19.92%
• 5Y*: —
• 10Y*: —

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

Return for Risk

VIXM vs. VVX — Risk / Return Rank

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

VIXM

VIXM Risk / Return Rank: 21
VIXM Sharpe Ratio Rank: 20
VIXM Sortino Ratio Rank: 24
VIXM Omega Ratio Rank: 24
VIXM Calmar Ratio Rank: 21
VIXM Martin Ratio Rank: 16

VVX

VVX Risk / Return Rank: 73
VVX Sharpe Ratio Rank: 74
VVX Sortino Ratio Rank: 71
VVX Omega Ratio Rank: 68
VVX Calmar Ratio Rank: 78
VVX Martin Ratio Rank: 74

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. 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.

	VIXM	VVX	Difference
Sharpe ratio Return per unit of total volatility	0.28	0.98	-0.71
Sortino ratio Return per unit of downside risk	0.64	1.65	-1.01
Omega ratio Gain probability vs. loss probability	1.09	1.20	-0.11
Calmar ratio Return relative to maximum drawdown	0.37	2.13	-1.76
Martin ratio Return relative to average drawdown	0.54	4.25	-3.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VIXM vs. VVX - Sharpe Ratio Comparison

The current VIXM Sharpe Ratio is 0.28, which is lower than the VVX Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of VIXM and VVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VIXM	VVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.28	0.98	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.41	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.53	0.53	-1.07

Correlation

The correlation between VIXM and VVX is -0.31. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

VIXM vs. VVX - Dividend Comparison

Neither VIXM nor VVX has paid dividends to shareholders.

Tickers have no history of dividend payments

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.

Drawdown Indicators

	VIXM	VVX	Difference
Max Drawdown Largest peak-to-trough decline	-96.23%	-38.90%	-57.33%
Max Drawdown (1Y) Largest decline over 1 year	-23.73%	-16.34%	-7.39%
Max Drawdown (5Y) Largest decline over 5 years	-63.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-75.72%	—	—
Current Drawdown Current decline from peak	-95.29%	-7.34%	-87.95%
Average Drawdown Average peak-to-trough decline	-81.36%	-14.41%	-66.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.12%	8.18%	+7.94%

Volatility

VIXM vs. VVX - Volatility Comparison

ProShares VIX Mid-Term Futures ETF (VIXM) has a higher volatility of 9.86% compared to V2X Inc (VVX) at 8.56%. This indicates that VIXM's price experiences larger fluctuations and is considered to be riskier than VVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIXM	VVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.86%	8.56%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	15.23%	24.56%	-9.33%
Volatility (1Y) Calculated over the trailing 1-year period	29.79%	40.92%	-11.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.22%	43.90%	-12.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.06%	43.90%	-10.84%