VIXY vs. VGT
VIXY (ProShares VIX Short-Term Futures ETF) and VGT (Vanguard Information Technology ETF) are both exchange-traded funds - VIXY is a Volatility fund tracking the S&P 500 VIX Short-Term Futures Index, while VGT is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 10 years, VIXY returned -46.41%/yr vs 24.49%/yr for VGT. Their -0.70 correlation means they have often moved in opposite directions in the past. VIXY charges 0.85%/yr vs 0.09%/yr for VGT.
Performance
VIXY vs. VGT - Performance Comparison
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Returns By Period
In the year-to-date period, VIXY achieves a -22.89% return, which is significantly lower than VGT's 27.34% return. Over the past 10 years, VIXY has underperformed VGT with an annualized return of -46.41%, while VGT has yielded a comparatively higher 24.49% annualized return.
VIXY
- 1D
- -3.33%
- 1M
- -4.26%
- 6M
- -26.09%
- YTD
- -22.89%
- 1Y
- -53.11%
- 3Y*
- -42.40%
- 5Y*
- -46.77%
- 10Y*
- -46.41%
- ALL TIME*
- -48.61%
VGT
- 1D
- -0.36%
- 1M
- 2.88%
- 6M
- 33.00%
- YTD
- 27.34%
- 1Y
- 40.73%
- 3Y*
- 30.79%
- 5Y*
- 18.91%
- 10Y*
- 24.49%
- ALL TIME*
- 15.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $490.99M | $509.59M | $577.86M | |
| $61.05M | $56.03M | $71.12M |
VIXY vs. VGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIXY ProShares VIX Short-Term Futures ETF | -22.89% | -43.05% | -27.43% | -72.74% | -24.98% | -72.40% | 10.54% | -67.81% | 66.78% | -72.78% |
VGT Vanguard Information Technology ETF | 27.34% | 21.77% | 29.30% | 52.66% | -29.70% | 30.45% | 46.04% | 48.62% | 2.46% | 37.08% |
Correlation
The correlation between VIXY and VGT is -0.59, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.59 |
Correlation (3Y) Balances recent behavior with more history. | -0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011 | -0.70 |
The correlation between VIXY and VGT shifts across timeframes, from -0.70 (all time) to -0.59 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VIXY vs. VGT — Risk / Return Rank
VIXY
VGT
VIXY vs. VGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares VIX Short-Term Futures ETF (VIXY) and Vanguard Information Technology ETF (VGT). 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 | VGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.61 | ||
| Sortino ratioReturn per unit of downside risk | -3.76 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.28 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -1.02 | 2.50 | -3.52 |
| Martin ratioReturn relative to average drawdown | -1.68 | 6.69 | -8.37 |
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Drawdowns
VIXY vs. VGT - Drawdown Comparison
The maximum VIXY drawdown since its inception was -100.00%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for VIXY and VGT.
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Drawdown Indicators
| VIXY | VGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -54.63% | -45.37% |
Max Drawdown (1Y)Largest decline over 1 year | -51.99% | -16.40% | -35.59% |
Max Drawdown (3Y)Largest decline over 3 years | -81.72% | -27.23% | -54.49% |
Max Drawdown (5Y)Largest decline over 5 years | -95.97% | -35.07% | -60.90% |
Max Drawdown (10Y)Largest decline over 10 years | -99.82% | -35.07% | -64.75% |
Current DrawdownCurrent decline from peak | -100.00% | -4.70% | -95.30% |
Average DrawdownAverage peak-to-trough decline | -92.25% | -7.95% | -84.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.07% | 6.11% | +26.96% |
Volatility
VIXY vs. VGT - Volatility Comparison
ProShares VIX Short-Term Futures ETF (VIXY) has a higher volatility of 14.65% compared to Vanguard Information Technology ETF (VGT) at 9.00%. This indicates that VIXY's price experiences larger fluctuations and is considered to be riskier than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIXY | VGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.65% | 9.00% | +5.65% |
Volatility (6M)Calculated over the trailing 6-month period | 42.89% | 20.38% | +22.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.67% | 24.47% | +32.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.95% | 25.92% | +44.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.89% | 24.93% | +46.96% |
VIXY vs. VGT - Expense Ratio Comparison
VIXY has a 0.85% expense ratio, which is higher than VGT's 0.09% expense ratio.
Dividends
VIXY vs. VGT - Dividend Comparison
VIXY has not paid dividends to shareholders, while VGT's dividend yield for the trailing twelve months is around 0.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGT Vanguard Information Technology ETF | 0.36% | 0.40% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
VIXY ProShares VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VIXY and VGT have a correlation of -0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIXY has higher volatility (14.65%) compared to VGT (9.00%). In terms of maximum drawdown, VIXY dropped -100.00% vs VGT's -54.63%.
On 10-year performance, VGT leads with 24.49% vs -46.41% for VIXY. On fees, VGT is cheaper at 0.09% per year. On volatility, VGT has been the lower-risk option at 9.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VGT has performed better with a 24.49% return vs -46.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGT is cheaper with a 0.09% expense ratio, compared with 0.85% for VIXY.
VGT has the higher dividend yield at 0.36%, compared with 0.00% for VIXY.
VIXY is categorized as Volatility, while VGT is Technology Equities. VIXY tracks S&P 500 VIX Short-Term Futures Index, while VGT tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: ProShares and Vanguard. Their fees differ too: 0.85% for VIXY and 0.09% for VGT.
VGT currently has the higher Sharpe Ratio (1.67 vs -0.94), 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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