VIXY vs. LMND
VIXY (ProShares VIX Short-Term Futures ETF) is Volatility fund tracking the S&P 500 VIX Short-Term Futures Index, while LMND (Lemonade, Inc.) is a stock. Over the past 5 years, VIXY returned -47.11%/yr vs -11.11%/yr for LMND. Their -0.37 correlation means they have often moved in opposite directions in the past.
Performance
VIXY vs. LMND - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VIXY achieves a -20.01% return, which is significantly higher than LMND's -32.13% return.
VIXY
- 1D
- -2.66%
- 1M
- -3.39%
- 6M
- -23.21%
- YTD
- -20.01%
- 1Y
- -54.18%
- 3Y*
- -39.34%
- 5Y*
- -47.11%
- 10Y*
- -46.69%
- ALL TIME*
- -48.52%
LMND
- 1D
- -0.54%
- 1M
- -32.45%
- 6M
- -44.30%
- YTD
- -32.13%
- 1Y
- 32.72%
- 3Y*
- 28.82%
- 5Y*
- -11.11%
- 10Y*
- —
- ALL TIME*
- -0.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
LMND Lemonade, Inc. | $103.87M | $106.11M | $93.15M |
| $61.09M | $56.74M | $72.28M |
VIXY vs. LMND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VIXY ProShares VIX Short-Term Futures ETF | -20.01% | -43.05% | -27.43% | -72.74% | -24.98% | -72.40% | -49.07% |
LMND Lemonade, Inc. | -32.13% | 94.06% | 127.40% | 17.91% | -67.51% | -65.62% | 144.71% |
Correlation
The correlation between VIXY and LMND is -0.40, 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. | -0.40 |
Correlation (3Y) Balances recent behavior with more history. | -0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2020 | -0.37 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VIXY vs. LMND — Risk / Return Rank
VIXY
LMND
VIXY vs. LMND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares VIX Short-Term Futures ETF (VIXY) and Lemonade, Inc. (LMND). 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.
| VIXY | LMND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.14 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 0.56 | -1.48 |
| Martin ratioReturn relative to average drawdown | -1.40 | 1.03 | -2.43 |
Loading charts...
Drawdowns
VIXY vs. LMND - Drawdown Comparison
The maximum VIXY drawdown since its inception was -100.00%, which is greater than LMND's maximum drawdown of -94.23%. Use the drawdown chart below to compare losses from any high point for VIXY and LMND.
Loading charts...
Drawdown Indicators
| VIXY | LMND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -94.23% | -5.77% |
Max Drawdown (1Y)Largest decline over 1 year | -55.18% | -50.94% | -4.24% |
Max Drawdown (3Y)Largest decline over 3 years | -81.45% | -51.52% | -29.93% |
Max Drawdown (5Y)Largest decline over 5 years | -95.91% | -88.24% | -7.67% |
Max Drawdown (10Y)Largest decline over 10 years | -99.82% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -73.64% | -26.36% |
Average DrawdownAverage peak-to-trough decline | -92.24% | -72.86% | -19.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.13% | 27.43% | +8.70% |
Volatility
VIXY vs. LMND - Volatility Comparison
The current volatility for ProShares VIX Short-Term Futures ETF (VIXY) is 14.60%, while Lemonade, Inc. (LMND) has a volatility of 32.59%. This indicates that VIXY experiences smaller price fluctuations and is considered to be less risky than LMND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VIXY | LMND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.60% | 32.59% | -17.99% |
Volatility (6M)Calculated over the trailing 6-month period | 43.36% | 58.70% | -15.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.54% | 87.49% | -29.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.97% | 83.09% | -13.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.89% | 86.64% | -14.75% |
Dividends
VIXY vs. LMND - Dividend Comparison
Neither VIXY nor LMND has paid dividends to shareholders.
Frequently Asked Questions
VIXY and LMND have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LMND has higher volatility (32.59%) compared to VIXY (14.60%). In terms of maximum drawdown, VIXY dropped -100.00% vs LMND's -94.23%.
LMND currently has the higher Sharpe Ratio (0.32 vs -0.88), 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.
Find the right allocation for VIXY and LMND
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer