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VIXY vs. ^VVIX
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

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.


-0.50.00.51.0
Correlation: -0.8

Performance

VIXY vs. ^VVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares VIX Short-Term Futures ETF (VIXY) and CBOE VIX Volatility Index (^VVIX). The values are adjusted to include any dividend payments, if applicable.

-100.00%-50.00%0.00%50.00%100.00%NovemberDecember2025FebruaryMarchApril
-99.99%
16.07%
VIXY
^VVIX

Key characteristics

Sharpe Ratio

VIXY:

0.14

^VVIX:

0.23

Sortino Ratio

VIXY:

1.06

^VVIX:

1.28

Omega Ratio

VIXY:

1.13

^VVIX:

1.15

Calmar Ratio

VIXY:

0.14

^VVIX:

0.40

Martin Ratio

VIXY:

0.35

^VVIX:

0.77

Ulcer Index

VIXY:

39.45%

^VVIX:

33.68%

Daily Std Dev

VIXY:

96.69%

^VVIX:

113.25%

Max Drawdown

VIXY:

-100.00%

^VVIX:

-78.10%

Current Drawdown

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

YTD

37.52%

1M

34.50%

6M

13.55%

1Y

12.16%

5Y*

-53.22%

10Y*

-44.51%

^VVIX

YTD

-5.16%

1M

9.65%

6M

-15.79%

1Y

19.88%

5Y*

-3.74%

10Y*

2.44%

*Annualized

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Risk-Adjusted Performance

VIXY vs. ^VVIX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VIXY
The Risk-Adjusted Performance Rank of VIXY is 4343
Overall Rank
The Sharpe Ratio Rank of VIXY is 2828
Sharpe Ratio Rank
The Sortino Ratio Rank of VIXY is 6868
Sortino Ratio Rank
The Omega Ratio Rank of VIXY is 6363
Omega Ratio Rank
The Calmar Ratio Rank of VIXY is 3131
Calmar Ratio Rank
The Martin Ratio Rank of VIXY is 2626
Martin Ratio Rank

^VVIX
The Risk-Adjusted Performance Rank of ^VVIX is 6363
Overall Rank
The Sharpe Ratio Rank of ^VVIX is 4343
Sharpe Ratio Rank
The Sortino Ratio Rank of ^VVIX is 8484
Sortino Ratio Rank
The Omega Ratio Rank of ^VVIX is 8181
Omega Ratio Rank
The Calmar Ratio Rank of ^VVIX is 6262
Calmar Ratio Rank
The Martin Ratio Rank of ^VVIX is 4444
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for VIXY, currently valued at 0.18, compared to the broader market-1.000.001.002.003.004.00
VIXY: 0.18
^VVIX: 0.23
The chart of Sortino ratio for VIXY, currently valued at 1.13, compared to the broader market-2.000.002.004.006.008.00
VIXY: 1.13
^VVIX: 1.28
The chart of Omega ratio for VIXY, currently valued at 1.14, compared to the broader market0.501.001.502.002.50
VIXY: 1.14
^VVIX: 1.15
The chart of Calmar ratio for VIXY, currently valued at 0.18, compared to the broader market0.002.004.006.008.0010.0012.00
VIXY: 0.18
^VVIX: 0.40
The chart of Martin ratio for VIXY, currently valued at 0.46, compared to the broader market0.0020.0040.0060.00
VIXY: 0.46
^VVIX: 0.77

The current VIXY Sharpe Ratio is 0.14, which is lower than the ^VVIX Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of VIXY and ^VVIX, 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-0.60-0.40-0.200.000.200.400.60NovemberDecember2025FebruaryMarchApril
0.18
0.23
VIXY
^VVIX

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.


-100.00%-80.00%-60.00%-40.00%-20.00%NovemberDecember2025FebruaryMarchApril
-99.99%
-52.33%
VIXY
^VVIX

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.


10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
48.02%
48.56%
VIXY
^VVIX