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VIXM vs. VXZ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

VIXM vs. VXZ

Last updated May 21, 2025

Compare and contrast key facts about ProShares VIX Mid-Term Futures ETF (VIXM) and iPath Series B S&P 500® VIX Mid-Term Futures ETN (VXZ).

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. VXZ is a passively managed fund by Barclays Capital that tracks the performance of the S&P 500 VIX Mid-Term Futures Index Total Return. It was launched on Jan 17, 2018. Both VIXM and VXZ 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 VXZ.

Correlation

The correlation between VIXM and VXZ is -0.68. 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.

Performance

VIXM vs. VXZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares VIX Mid-Term Futures ETF (VIXM) and iPath Series B S&P 500® VIX Mid-Term Futures ETN (VXZ). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

VIXM:

0.39

VXZ:

0.45

Sortino Ratio

VIXM:

0.91

VXZ:

0.96

Omega Ratio

VIXM:

1.13

VXZ:

1.12

Calmar Ratio

VIXM:

0.17

VXZ:

0.24

Martin Ratio

VIXM:

0.77

VXZ:

1.07

Ulcer Index

VIXM:

21.13%

VXZ:

15.53%

Daily Std Dev

VIXM:

46.20%

VXZ:

39.99%

Max Drawdown

VIXM:

-96.23%

VXZ:

-69.00%

Current Drawdown

VIXM:

-95.51%

VXZ:

-63.16%

Returns By Period

In the year-to-date period, VIXM achieves a 13.00% return, which is significantly higher than VXZ's 12.25% return.

VIXM

YTD

13.00%

1M

-13.04%

6M

15.48%

1Y

17.72%

3Y*

-22.84%

5Y*

-16.39%

10Y*

-11.25%

VXZ

YTD

12.25%

1M

-13.23%

6M

15.97%

1Y

17.87%

3Y*

-21.98%

5Y*

-15.72%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares VIX Mid-Term Futures ETF

iPath Series B S&P 500® VIX Mid-Term Futures ETN

Risk-Adjusted Performance

VIXM vs. VXZ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VIXM
The Risk-Adjusted Performance Rank of VIXM is 4242
Overall Rank
The Sharpe Ratio Rank of VIXM is 3939
Sharpe Ratio Rank
The Sortino Ratio Rank of VIXM is 5555
Sortino Ratio Rank
The Omega Ratio Rank of VIXM is 5656
Omega Ratio Rank
The Calmar Ratio Rank of VIXM is 2727
Calmar Ratio Rank
The Martin Ratio Rank of VIXM is 3030
Martin Ratio Rank
VXZ
The Risk-Adjusted Performance Rank of VXZ is 6565
Overall Rank
The Sharpe Ratio Rank of VXZ is 7070
Sharpe Ratio Rank
The Sortino Ratio Rank of VXZ is 6565
Sortino Ratio Rank
The Omega Ratio Rank of VXZ is 6363
Omega Ratio Rank
The Calmar Ratio Rank of VXZ is 6363
Calmar Ratio Rank
The Martin Ratio Rank of VXZ is 6565
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VIXM vs. VXZ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares VIX Mid-Term Futures ETF (VIXM) and iPath Series B S&P 500® VIX Mid-Term Futures ETN (VXZ). 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.

The current VIXM Sharpe Ratio is 0.39, which is comparable to the VXZ Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of VIXM and VXZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

VIXM vs. VXZ - Dividend Comparison

Neither VIXM nor VXZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

VIXM vs. VXZ - Drawdown Comparison

The maximum VIXM drawdown since its inception was -96.23%, which is greater than VXZ's maximum drawdown of -69.00%. Use the drawdown chart below to compare losses from any high point for VIXM and VXZ. For additional features, visit the drawdowns tool.

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Volatility

VIXM vs. VXZ - Volatility Comparison

ProShares VIX Mid-Term Futures ETF (VIXM) and iPath Series B S&P 500® VIX Mid-Term Futures ETN (VXZ) have volatilities of 9.30% and 9.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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