VIXY vs. LMND
VIXY (ProShares VIX Short-Term Futures ETF) is Volatility fund tracking the S&P 500 VIX Short-Term Futures Index Total Return, while LMND (Lemonade, Inc.) is a stock. Over the past 5 years, VIXY returned -46.70%/yr vs -11.29%/yr for LMND. At a correlation of -0.37, they often move in opposite directions.
Performance
VIXY vs. LMND - Performance Comparison
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Returns By Period
In the year-to-date period, VIXY achieves a -8.27% return, which is significantly higher than LMND's -26.02% return.
VIXY
- 1D
- 0.26%
- 1M
- -15.15%
- YTD
- -8.27%
- 6M
- -22.71%
- 1Y
- -53.80%
- 3Y*
- -42.73%
- 5Y*
- -46.70%
- 10Y*
- -47.13%
LMND
- 1D
- -9.30%
- 1M
- -4.34%
- YTD
- -26.02%
- 6M
- -28.44%
- 1Y
- 50.07%
- 3Y*
- 42.50%
- 5Y*
- -11.29%
- 10Y*
- —
VIXY vs. LMND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VIXY ProShares VIX Short-Term Futures ETF | -8.27% | -43.05% | -27.43% | -72.74% | -24.98% | -72.40% | -48.19% |
LMND Lemonade, Inc. | -26.02% | 94.06% | 127.40% | 17.91% | -67.51% | -65.62% | 76.49% |
Correlation
The correlation between VIXY and LMND is -0.39, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2020 | -0.37 |
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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.
| VIXY | LMND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -3.06 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.17 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 1.05 | -2.01 |
| Martin ratioReturn relative to average drawdown | -1.34 | 2.13 | -3.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VIXY | LMND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.97 | 0.59 | -1.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.67 | -0.14 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.69 | -0.05 | -0.64 |
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.
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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 | -56.72% | -47.70% | -9.02% |
Max Drawdown (3Y)Largest decline over 3 years | -81.00% | -56.10% | -24.90% |
Max Drawdown (5Y)Largest decline over 5 years | -95.92% | -90.63% | -5.29% |
Max Drawdown (10Y)Largest decline over 10 years | -99.87% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -71.26% | -28.74% |
Average DrawdownAverage peak-to-trough decline | -92.18% | -73.08% | -19.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.22% | 23.54% | +16.68% |
Volatility
VIXY vs. LMND - Volatility Comparison
The current volatility for ProShares VIX Short-Term Futures ETF (VIXY) is 8.03%, while Lemonade, Inc. (LMND) has a volatility of 17.84%. 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.
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Volatility by Period
| VIXY | LMND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.03% | 17.84% | -9.81% |
Volatility (6M)Calculated over the trailing 6-month period | 41.47% | 53.97% | -12.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.89% | 85.19% | -29.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.31% | 82.27% | -11.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.48% | 85.25% | -12.77% |
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 -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LMND has higher volatility (17.84%) compared to VIXY (8.03%). In terms of maximum drawdown, VIXY dropped -100.00% vs LMND's -94.23%.
LMND currently has the higher Sharpe Ratio (0.59 vs -0.97), 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.
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