VIXY vs. SQ
Compare and contrast key facts about ProShares VIX Short-Term Futures ETF (VIXY) and Square, Inc. (SQ).
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 SQ.
Key characteristics
| VIXY | SQ | |
|---|---|---|
| YTD Return | -18.18% | -10.19% |
| 1Y Return | -69.96% | 14.96% |
| 3Y Return (Ann) | -57.47% | -33.06% |
| 5Y Return (Ann) | -50.31% | 0.28% |
| Sharpe Ratio | -1.35 | 0.34 |
| Daily Std Dev | 50.90% | 50.33% |
| Max Drawdown | -99.99% | -86.08% |
| Current Drawdown | -99.99% | -75.35% |
Correlation
The correlation between VIXY and SQ is -0.44. 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
VIXY vs. SQ - Performance Comparison
In the year-to-date period, VIXY achieves a -18.18% return, which is significantly lower than SQ's -10.19% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
VIXY vs. SQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares VIX Short-Term Futures ETF (VIXY) and Square, Inc. (SQ). 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.
Dividends
VIXY vs. SQ - Dividend Comparison
Neither VIXY nor SQ has paid dividends to shareholders.
Drawdowns
VIXY vs. SQ - Drawdown Comparison
The maximum VIXY drawdown since its inception was -99.99%, which is greater than SQ's maximum drawdown of -86.08%. Use the drawdown chart below to compare losses from any high point for VIXY and SQ. For additional features, visit the drawdowns tool.
Volatility
VIXY vs. SQ - Volatility Comparison
ProShares VIX Short-Term Futures ETF (VIXY) has a higher volatility of 16.86% compared to Square, Inc. (SQ) at 15.24%. This indicates that VIXY's price experiences larger fluctuations and is considered to be riskier than SQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.