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 -48.85%/yr vs 25.96%/yr for VGT. At a correlation of -0.70, they often move in opposite directions. 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 -14.78% return, which is significantly lower than VGT's 28.03% return. Over the past 10 years, VIXY has underperformed VGT with an annualized return of -48.85%, while VGT has yielded a comparatively higher 25.96% annualized return.
VIXY
- 1D
- -0.23%
- 1M
- -14.08%
- YTD
- -14.78%
- 6M
- -16.35%
- 1Y
- -58.11%
- 3Y*
- -40.97%
- 5Y*
- -46.43%
- 10Y*
- -48.85%
VGT
- 1D
- 0.39%
- 1M
- 4.11%
- YTD
- 28.03%
- 6M
- 26.85%
- 1Y
- 54.06%
- 3Y*
- 31.77%
- 5Y*
- 20.58%
- 10Y*
- 25.96%
VIXY vs. VGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIXY ProShares VIX Short-Term Futures ETF | -14.78% | -43.05% | -27.43% | -72.74% | -24.98% | -72.40% | 10.54% | -67.81% | 66.78% | -72.78% |
VGT Vanguard Information Technology ETF | 28.03% | 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 -0.60, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011 | -0.70 |
The correlation between VIXY and VGT has been stable across timeframes, ranging from -0.70 to -0.60 - a consistent structural relationship.
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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 | -3.46 | ||
| Sortino ratioReturn per unit of downside risk | -4.77 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.40 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 3.31 | -4.32 |
| Martin ratioReturn relative to average drawdown | -1.47 | 10.16 | -11.63 |
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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 | -57.79% | -16.40% | -41.39% |
Max Drawdown (3Y)Largest decline over 3 years | -79.94% | -27.23% | -52.71% |
Max Drawdown (5Y)Largest decline over 5 years | -96.20% | -35.07% | -61.13% |
Max Drawdown (10Y)Largest decline over 10 years | -99.88% | -35.07% | -64.81% |
Current DrawdownCurrent decline from peak | -100.00% | -4.18% | -95.82% |
Average DrawdownAverage peak-to-trough decline | -92.19% | -7.95% | -84.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.39% | 5.34% | +35.05% |
Volatility
VIXY vs. VGT - Volatility Comparison
ProShares VIX Short-Term Futures ETF (VIXY) has a higher volatility of 16.16% compared to Vanguard Information Technology ETF (VGT) at 10.66%. 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 | 16.16% | 10.66% | +5.50% |
Volatility (6M)Calculated over the trailing 6-month period | 43.79% | 18.19% | +25.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.29% | 22.44% | +33.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.34% | 25.50% | +44.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.33% | 24.78% | +47.55% |
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 0.32%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGT Vanguard Information Technology ETF | 0.32% | 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 -0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIXY has higher volatility (16.16%) compared to VGT (10.66%). In terms of maximum drawdown, VIXY dropped -100.00% vs VGT's -54.63%.
On 10-year performance, VGT leads with 25.96% vs -48.85% for VIXY. On fees, VGT is cheaper at 0.09% per year. On volatility, VGT has been the lower-risk option at 10.66%. 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 25.96% return vs -48.85%. 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 0.32%, 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 (2.43 vs -1.04), 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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