VIXY vs. ^VVIX
Compare and contrast key facts about ProShares VIX Short-Term Futures ETF (VIXY) and CBOE VIX Volatility Index (^VVIX).
VIXY is a passively managed fund by ProFund Advisors LLC that tracks the performance of the S&P 500 VIX Short-Term Futures Index Total Return. It was launched on Jan 3, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIXY or ^VVIX.
Correlation
The correlation between VIXY and ^VVIX is -0.79. 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.
Performance
VIXY vs. ^VVIX - Performance Comparison
Key characteristics
VIXY:
0.14
^VVIX:
0.23
VIXY:
1.06
^VVIX:
1.28
VIXY:
1.13
^VVIX:
1.15
VIXY:
0.14
^VVIX:
0.40
VIXY:
0.35
^VVIX:
0.77
VIXY:
39.45%
^VVIX:
33.68%
VIXY:
96.69%
^VVIX:
113.25%
VIXY:
-100.00%
^VVIX:
-78.10%
VIXY:
-99.99%
^VVIX:
-52.33%
Returns By Period
In the year-to-date period, VIXY achieves a 37.52% return, which is significantly higher than ^VVIX's -5.16% return. Over the past 10 years, VIXY has underperformed ^VVIX with an annualized return of -44.51%, while ^VVIX has yielded a comparatively higher 2.44% annualized return.
VIXY
37.52%
34.50%
13.55%
12.16%
-53.22%
-44.51%
^VVIX
-5.16%
9.65%
-15.79%
19.88%
-3.74%
2.44%
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Risk-Adjusted Performance
VIXY vs. ^VVIX — Risk-Adjusted Performance Rank
VIXY
^VVIX
VIXY vs. ^VVIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares VIX Short-Term Futures ETF (VIXY) and CBOE VIX Volatility Index (^VVIX). 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.
Drawdowns
VIXY vs. ^VVIX - Drawdown Comparison
The maximum VIXY drawdown since its inception was -100.00%, which is greater than ^VVIX's maximum drawdown of -78.10%. Use the drawdown chart below to compare losses from any high point for VIXY and ^VVIX. For additional features, visit the drawdowns tool.
Volatility
VIXY vs. ^VVIX - Volatility Comparison
ProShares VIX Short-Term Futures ETF (VIXY) and CBOE VIX Volatility Index (^VVIX) have volatilities of 48.02% and 48.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.