VIXY vs. ^VVIX
Compare and contrast key facts about ProShares VIX Short-Term Futures ETF (VIXY) and CBOE VIX Volatility Index (^VVIX).
VIXY is a passively managed fund by ProFund Advisors LLC that tracks the performance of the S&P 500 VIX Short-Term Futures Index Total Return. It was launched on Jan 3, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIXY or ^VVIX.
Correlation
The correlation between VIXY and ^VVIX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VIXY vs. ^VVIX - Performance Comparison
Key characteristics
VIXY:
-0.40
^VVIX:
0.29
VIXY:
-0.20
^VVIX:
1.30
VIXY:
0.98
^VVIX:
1.15
VIXY:
-0.32
^VVIX:
0.45
VIXY:
-0.95
^VVIX:
1.01
VIXY:
34.29%
^VVIX:
29.21%
VIXY:
80.73%
^VVIX:
100.58%
VIXY:
-100.00%
^VVIX:
-78.10%
VIXY:
-100.00%
^VVIX:
-45.08%
Returns By Period
In the year-to-date period, VIXY achieves a -24.19% return, which is significantly lower than ^VVIX's 31.11% return. Over the past 10 years, VIXY has underperformed ^VVIX with an annualized return of -47.67%, while ^VVIX has yielded a comparatively higher 1.86% annualized return.
VIXY
-24.19%
0.13%
5.07%
-29.09%
-45.74%
-47.67%
^VVIX
31.11%
11.56%
36.85%
26.89%
2.78%
1.86%
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Risk-Adjusted Performance
VIXY vs. ^VVIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares VIX Short-Term Futures ETF (VIXY) and CBOE VIX Volatility Index (^VVIX). 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
VIXY vs. ^VVIX - Drawdown Comparison
The maximum VIXY drawdown since its inception was -100.00%, which is greater than ^VVIX's maximum drawdown of -78.10%. Use the drawdown chart below to compare losses from any high point for VIXY and ^VVIX. For additional features, visit the drawdowns tool.
Volatility
VIXY vs. ^VVIX - Volatility Comparison
The current volatility for ProShares VIX Short-Term Futures ETF (VIXY) is 25.76%, while CBOE VIX Volatility Index (^VVIX) has a volatility of 34.95%. This indicates that VIXY experiences smaller price fluctuations and is considered to be less risky than ^VVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.