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

Correlation

The correlation between VIXY and UVXY is -0.58. 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.


-0.50.00.51.0
Correlation: -0.6

Performance

VIXY vs. UVXY - Performance Comparison

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

-100.00%-100.00%-100.00%-99.99%-99.99%-99.99%NovemberDecember2025FebruaryMarchApril
-99.99%
-100.00%
VIXY
UVXY

Key characteristics

Sharpe Ratio

VIXY:

0.14

UVXY:

-0.09

Sortino Ratio

VIXY:

1.06

UVXY:

1.00

Omega Ratio

VIXY:

1.13

UVXY:

1.12

Calmar Ratio

VIXY:

0.14

UVXY:

-0.13

Martin Ratio

VIXY:

0.35

UVXY:

-0.23

Ulcer Index

VIXY:

39.45%

UVXY:

53.88%

Daily Std Dev

VIXY:

96.69%

UVXY:

140.75%

Max Drawdown

VIXY:

-100.00%

UVXY:

-100.00%

Current Drawdown

VIXY:

-99.99%

UVXY:

-100.00%

Returns By Period

In the year-to-date period, VIXY achieves a 37.52% return, which is significantly lower than UVXY's 42.33% return. Over the past 10 years, VIXY has outperformed UVXY with an annualized return of -44.51%, while UVXY has yielded a comparatively lower -64.85% annualized return.


VIXY

YTD

37.52%

1M

34.50%

6M

13.55%

1Y

12.16%

5Y*

-53.22%

10Y*

-44.51%

UVXY

YTD

42.33%

1M

43.36%

6M

1.48%

1Y

-14.10%

5Y*

-73.98%

10Y*

-64.85%

*Annualized

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VIXY vs. UVXY - Expense Ratio Comparison

VIXY has a 0.85% expense ratio, which is lower than UVXY's 0.95% expense ratio.


Expense ratio chart for UVXY: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
UVXY: 0.95%
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. UVXY — 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

UVXY
The Risk-Adjusted Performance Rank of UVXY is 3333
Overall Rank
The Sharpe Ratio Rank of UVXY is 1515
Sharpe Ratio Rank
The Sortino Ratio Rank of UVXY is 6565
Sortino Ratio Rank
The Omega Ratio Rank of UVXY is 6060
Omega Ratio Rank
The Calmar Ratio Rank of UVXY is 1111
Calmar Ratio Rank
The Martin Ratio Rank of UVXY is 1515
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. UVXY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares VIX Short-Term Futures ETF (VIXY) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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
UVXY: -0.09
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
UVXY: 1.00
The chart of Omega ratio for VIXY, currently valued at 1.13, compared to the broader market0.501.001.502.002.50
VIXY: 1.13
UVXY: 1.12
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
UVXY: -0.13
The chart of Martin ratio for VIXY, currently valued at 0.35, compared to the broader market0.0020.0040.0060.00
VIXY: 0.35
UVXY: -0.23

The current VIXY Sharpe Ratio is 0.14, which is higher than the UVXY Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of VIXY and UVXY, 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-0.60-0.40-0.200.000.200.400.60NovemberDecember2025FebruaryMarchApril
0.14
-0.09
VIXY
UVXY

Dividends

VIXY vs. UVXY - Dividend Comparison

Neither VIXY nor UVXY has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

VIXY vs. UVXY - Drawdown Comparison

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


-100.00%-100.00%-100.00%-99.99%-99.99%-99.99%NovemberDecember2025FebruaryMarchApril
-99.99%
-100.00%
VIXY
UVXY

Volatility

VIXY vs. UVXY - Volatility Comparison

The current volatility for ProShares VIX Short-Term Futures ETF (VIXY) is 48.02%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 71.90%. This indicates that VIXY experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%60.00%70.00%NovemberDecember2025FebruaryMarchApril
48.02%
71.90%
VIXY
UVXY