VIXM vs. ^VIX
Compare and contrast key facts about ProShares VIX Mid-Term Futures ETF (VIXM) and CBOE Volatility Index (^VIX).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIXM or ^VIX.
Correlation
The correlation between VIXM and ^VIX is -0.74. 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. ^VIX - Performance Comparison
Key characteristics
VIXM:
0.30
^VIX:
0.52
VIXM:
0.84
^VIX:
2.23
VIXM:
1.12
^VIX:
1.27
VIXM:
0.14
^VIX:
1.06
VIXM:
0.64
^VIX:
1.98
VIXM:
21.20%
^VIX:
46.00%
VIXM:
45.73%
^VIX:
171.33%
VIXM:
-96.23%
^VIX:
-88.70%
VIXM:
-95.13%
^VIX:
-69.96%
Returns By Period
In the year-to-date period, VIXM achieves a 22.75% return, which is significantly lower than ^VIX's 43.17% return. Over the past 10 years, VIXM has underperformed ^VIX with an annualized return of -11.22%, while ^VIX has yielded a comparatively higher 5.31% annualized return.
VIXM
22.75%
12.56%
16.47%
14.44%
-14.92%
-11.22%
^VIX
43.17%
14.73%
22.18%
65.27%
-5.66%
5.31%
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Risk-Adjusted Performance
VIXM vs. ^VIX — Risk-Adjusted Performance Rank
VIXM
^VIX
VIXM vs. ^VIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares VIX Mid-Term Futures ETF (VIXM) and CBOE Volatility Index (^VIX). 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.
Drawdowns
VIXM vs. ^VIX - Drawdown Comparison
The maximum VIXM drawdown since its inception was -96.23%, which is greater than ^VIX's maximum drawdown of -88.70%. Use the drawdown chart below to compare losses from any high point for VIXM and ^VIX. For additional features, visit the drawdowns tool.
Volatility
VIXM vs. ^VIX - Volatility Comparison
The current volatility for ProShares VIX Mid-Term Futures ETF (VIXM) is 21.61%, while CBOE Volatility Index (^VIX) has a volatility of 82.50%. This indicates that VIXM experiences smaller price fluctuations and is considered to be less risky than ^VIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.