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

Correlation

The correlation between VIXY and UVXY is 0.74, 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.


-0.50.00.51.00.7

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%JulyAugustSeptemberOctoberNovemberDecember
-99.99%
-100.00%
VIXY
UVXY

Key characteristics

Sharpe Ratio

VIXY:

-0.40

UVXY:

-0.48

Sortino Ratio

VIXY:

-0.20

UVXY:

-0.29

Omega Ratio

VIXY:

0.98

UVXY:

0.97

Calmar Ratio

VIXY:

-0.32

UVXY:

-0.55

Martin Ratio

VIXY:

-0.95

UVXY:

-1.17

Ulcer Index

VIXY:

34.29%

UVXY:

47.09%

Daily Std Dev

VIXY:

80.73%

UVXY:

116.10%

Max Drawdown

VIXY:

-100.00%

UVXY:

-100.00%

Current Drawdown

VIXY:

-100.00%

UVXY:

-100.00%

Returns By Period

In the year-to-date period, VIXY achieves a -24.19% return, which is significantly higher than UVXY's -46.87% return. Over the past 10 years, VIXY has outperformed UVXY with an annualized return of -47.67%, while UVXY has yielded a comparatively lower -65.81% annualized return.


VIXY

YTD

-24.19%

1M

0.13%

6M

5.07%

1Y

-29.09%

5Y*

-45.74%

10Y*

-47.67%

UVXY

YTD

-46.87%

1M

-1.54%

6M

-9.19%

1Y

-52.04%

5Y*

-67.85%

10Y*

-65.81%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


VIXY vs. UVXY - Expense Ratio Comparison

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


UVXY
ProShares Ultra VIX Short-Term Futures ETF
Expense ratio chart for UVXY: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for VIXY: current value at 0.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.85%

Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for VIXY, currently valued at -0.40, compared to the broader market0.002.004.00-0.40-0.48
The chart of Sortino ratio for VIXY, currently valued at -0.20, compared to the broader market-2.000.002.004.006.008.0010.00-0.20-0.29
The chart of Omega ratio for VIXY, currently valued at 0.98, compared to the broader market0.501.001.502.002.503.000.980.97
The chart of Calmar ratio for VIXY, currently valued at -0.32, compared to the broader market0.005.0010.0015.00-0.32-0.55
The chart of Martin ratio for VIXY, currently valued at -0.95, compared to the broader market0.0020.0040.0060.0080.00100.00-0.95-1.17
VIXY
UVXY

The current VIXY Sharpe Ratio is -0.40, which is comparable to the UVXY Sharpe Ratio of -0.48. 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-1.20-1.00-0.80-0.60-0.40-0.20JulyAugustSeptemberOctoberNovemberDecember
-0.40
-0.48
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%JulyAugustSeptemberOctoberNovemberDecember
-99.99%
-100.00%
VIXY
UVXY

Volatility

VIXY vs. UVXY - Volatility Comparison

The current volatility for ProShares VIX Short-Term Futures ETF (VIXY) is 25.76%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 38.21%. 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.


0.00%20.00%40.00%60.00%80.00%JulyAugustSeptemberOctoberNovemberDecember
25.76%
38.21%
VIXY
UVXY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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