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VIXY vs. SVXY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VIXY and SVXY is 0.76, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

VIXY vs. SVXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares VIX Short-Term Futures ETF (VIXY) and ProShares Short VIX Short-Term Futures ETF (SVXY). The values are adjusted to include any dividend payments, if applicable.

-100.00%0.00%100.00%200.00%300.00%400.00%NovemberDecember2025FebruaryMarchApril
-99.99%
259.24%
VIXY
SVXY

Key characteristics

Sharpe Ratio

VIXY:

0.14

SVXY:

-0.63

Sortino Ratio

VIXY:

1.06

SVXY:

-0.61

Omega Ratio

VIXY:

1.13

SVXY:

0.90

Calmar Ratio

VIXY:

0.14

SVXY:

-0.35

Martin Ratio

VIXY:

0.35

SVXY:

-1.45

Ulcer Index

VIXY:

39.45%

SVXY:

21.20%

Daily Std Dev

VIXY:

96.69%

SVXY:

48.41%

Max Drawdown

VIXY:

-100.00%

SVXY:

-95.25%

Current Drawdown

VIXY:

-99.99%

SVXY:

-86.32%

Returns By Period

In the year-to-date period, VIXY achieves a 37.52% return, which is significantly higher than SVXY's -24.47% return. Over the past 10 years, VIXY has underperformed SVXY with an annualized return of -44.51%, while SVXY has yielded a comparatively higher -7.54% annualized return.


VIXY

YTD

37.52%

1M

34.50%

6M

13.55%

1Y

12.16%

5Y*

-53.22%

10Y*

-44.51%

SVXY

YTD

-24.47%

1M

-21.16%

6M

-19.67%

1Y

-30.25%

5Y*

19.02%

10Y*

-7.54%

*Annualized

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VIXY vs. SVXY - Expense Ratio Comparison

VIXY has a 0.85% expense ratio, which is lower than SVXY's 1.38% expense ratio.


Expense ratio chart for SVXY: current value is 1.38%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SVXY: 1.38%
Expense ratio chart for VIXY: current value is 0.85%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VIXY: 0.85%

Risk-Adjusted Performance

VIXY vs. SVXY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VIXY
The Risk-Adjusted Performance Rank of VIXY is 4343
Overall Rank
The Sharpe Ratio Rank of VIXY is 2828
Sharpe Ratio Rank
The Sortino Ratio Rank of VIXY is 6868
Sortino Ratio Rank
The Omega Ratio Rank of VIXY is 6363
Omega Ratio Rank
The Calmar Ratio Rank of VIXY is 3131
Calmar Ratio Rank
The Martin Ratio Rank of VIXY is 2626
Martin Ratio Rank

SVXY
The Risk-Adjusted Performance Rank of SVXY is 33
Overall Rank
The Sharpe Ratio Rank of SVXY is 33
Sharpe Ratio Rank
The Sortino Ratio Rank of SVXY is 44
Sortino Ratio Rank
The Omega Ratio Rank of SVXY is 22
Omega Ratio Rank
The Calmar Ratio Rank of SVXY is 55
Calmar Ratio Rank
The Martin Ratio Rank of SVXY is 22
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VIXY vs. SVXY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares VIX Short-Term Futures ETF (VIXY) and ProShares Short VIX Short-Term Futures ETF (SVXY). 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.


The chart of Sharpe ratio for VIXY, currently valued at 0.14, compared to the broader market-1.000.001.002.003.004.00
VIXY: 0.14
SVXY: -0.63
The chart of Sortino ratio for VIXY, currently valued at 1.06, compared to the broader market-2.000.002.004.006.008.00
VIXY: 1.06
SVXY: -0.61
The chart of Omega ratio for VIXY, currently valued at 1.13, compared to the broader market0.501.001.502.00
VIXY: 1.13
SVXY: 0.90
The chart of Calmar ratio for VIXY, currently valued at 0.14, compared to the broader market0.002.004.006.008.0010.0012.00
VIXY: 0.14
SVXY: -0.35
The chart of Martin ratio for VIXY, currently valued at 0.35, compared to the broader market0.0020.0040.0060.00
VIXY: 0.35
SVXY: -1.45

The current VIXY Sharpe Ratio is 0.14, which is higher than the SVXY Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of VIXY and SVXY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.50NovemberDecember2025FebruaryMarchApril
0.14
-0.63
VIXY
SVXY

Dividends

VIXY vs. SVXY - Dividend Comparison

Neither VIXY nor SVXY has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

VIXY vs. SVXY - Drawdown Comparison

The maximum VIXY drawdown since its inception was -100.00%, roughly equal to the maximum SVXY drawdown of -95.25%. Use the drawdown chart below to compare losses from any high point for VIXY and SVXY. For additional features, visit the drawdowns tool.


-100.00%-95.00%-90.00%-85.00%-80.00%NovemberDecember2025FebruaryMarchApril
-99.99%
-86.32%
VIXY
SVXY

Volatility

VIXY vs. SVXY - Volatility Comparison

ProShares VIX Short-Term Futures ETF (VIXY) has a higher volatility of 48.02% compared to ProShares Short VIX Short-Term Futures ETF (SVXY) at 25.40%. This indicates that VIXY's price experiences larger fluctuations and is considered to be riskier than SVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
48.02%
25.40%
VIXY
SVXY