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 -47.17%/yr vs 24.67%/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 -18.02% return, which is significantly lower than VGT's 22.94% return. Over the past 10 years, VIXY has underperformed VGT with an annualized return of -47.17%, while VGT has yielded a comparatively higher 24.67% annualized return.
VIXY
- 1D
- 3.34%
- 1M
- -9.75%
- 6M
- -16.02%
- YTD
- -18.02%
- 1Y
- -52.30%
- 3Y*
- -39.72%
- 5Y*
- -46.37%
- 10Y*
- -47.17%
VGT
- 1D
- -2.12%
- 1M
- -0.88%
- 6M
- 21.06%
- YTD
- 22.94%
- 1Y
- 38.55%
- 3Y*
- 28.00%
- 5Y*
- 18.46%
- 10Y*
- 24.67%
VIXY vs. VGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIXY ProShares VIX Short-Term Futures ETF | -18.02% | -43.05% | -27.43% | -72.74% | -24.98% | -72.40% | 10.54% | -67.81% | 66.78% | -72.78% |
VGT Vanguard Information Technology ETF | 22.94% | 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 -0.61, 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 | -0.61 |
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 -0.61 - 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 | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -3.64 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.28 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 2.36 | -3.32 |
| Martin ratioReturn relative to average drawdown | -1.54 | 6.86 | -8.40 |
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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 | -54.62% | -16.40% | -38.22% |
Max Drawdown (3Y)Largest decline over 3 years | -81.19% | -27.23% | -53.96% |
Max Drawdown (5Y)Largest decline over 5 years | -96.44% | -35.07% | -61.37% |
Max Drawdown (10Y)Largest decline over 10 years | -99.84% | -35.07% | -64.77% |
Current DrawdownCurrent decline from peak | -100.00% | -7.99% | -92.01% |
Average DrawdownAverage peak-to-trough decline | -92.21% | -7.94% | -84.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.02% | 5.63% | +28.39% |
Volatility
VIXY vs. VGT - Volatility Comparison
ProShares VIX Short-Term Futures ETF (VIXY) has a higher volatility of 14.22% compared to Vanguard Information Technology ETF (VGT) at 9.66%. 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 | 14.22% | 9.66% | +4.56% |
Volatility (6M)Calculated over the trailing 6-month period | 44.20% | 19.38% | +24.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.45% | 23.37% | +33.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.29% | 25.69% | +44.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.84% | 24.80% | +47.04% |
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 0.37%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGT Vanguard Information Technology ETF | 0.37% | 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 -0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIXY has higher volatility (14.22%) compared to VGT (9.66%). In terms of maximum drawdown, VIXY dropped -100.00% vs VGT's -54.63%.
On 10-year performance, VGT leads with 24.67% vs -47.17% for VIXY. On fees, VGT is cheaper at 0.09% per year. On volatility, VGT has been the lower-risk option at 9.66%. 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 24.67% return vs -47.17%. 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 0.37%, 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 (1.66 vs -0.93), 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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