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 -45.65%/yr vs -11.97%/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 -10.37% return, which is significantly higher than LMND's -18.67% return.
VIXY
- 1D
- 5.17%
- 1M
- -9.63%
- YTD
- -10.37%
- 6M
- -12.36%
- 1Y
- -55.30%
- 3Y*
- -39.97%
- 5Y*
- -45.65%
- 10Y*
- -48.59%
LMND
- 1D
- 0.66%
- 1M
- 2.42%
- YTD
- -18.67%
- 6M
- -26.65%
- 1Y
- 26.42%
- 3Y*
- 50.83%
- 5Y*
- -11.97%
- 10Y*
- —
VIXY vs. LMND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VIXY ProShares VIX Short-Term Futures ETF | -10.37% | -43.05% | -27.43% | -72.74% | -24.98% | -72.40% | -49.07% |
LMND Lemonade, Inc. | -18.67% | 94.06% | 127.40% | 17.91% | -67.51% | -65.62% | 144.71% |
Correlation
The correlation between VIXY and LMND is -0.37, 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 | -0.37 |
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 2, 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.
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 | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.13 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -1.02 | 0.56 | -1.57 |
| Martin ratioReturn relative to average drawdown | -1.56 | 1.05 | -2.60 |
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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 | -54.55% | -47.70% | -6.85% |
Max Drawdown (3Y)Largest decline over 3 years | -79.94% | -56.10% | -23.84% |
Max Drawdown (5Y)Largest decline over 5 years | -96.20% | -90.63% | -5.57% |
Max Drawdown (10Y)Largest decline over 10 years | -99.88% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -68.41% | -31.59% |
Average DrawdownAverage peak-to-trough decline | -92.19% | -73.00% | -19.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.74% | 25.36% | +14.38% |
Volatility
VIXY vs. LMND - Volatility Comparison
ProShares VIX Short-Term Futures ETF (VIXY) has a higher volatility of 17.03% compared to Lemonade, Inc. (LMND) at 15.32%. This indicates that VIXY's price experiences larger fluctuations and is considered to be riskier 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 | 17.03% | 15.32% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 43.99% | 53.03% | -9.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.44% | 83.44% | -27.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.37% | 82.20% | -11.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.94% | 86.42% | -14.48% |
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 -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIXY has higher volatility (17.03%) compared to LMND (15.32%). In terms of maximum drawdown, VIXY dropped -100.00% vs LMND's -94.23%.
LMND currently has the higher Sharpe Ratio (0.32 vs -0.98), 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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