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 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VIXY vs. ^VVIX - Performance Comparison
Key characteristics
VIXY:
-0.07
^VVIX:
0.26
VIXY:
0.58
^VVIX:
1.31
VIXY:
1.07
^VVIX:
1.15
VIXY:
-0.06
^VVIX:
0.45
VIXY:
-0.15
^VVIX:
0.81
VIXY:
40.43%
^VVIX:
35.69%
VIXY:
85.30%
^VVIX:
109.08%
VIXY:
-100.00%
^VVIX:
-78.10%
VIXY:
-99.99%
^VVIX:
-42.98%
Returns By Period
In the year-to-date period, VIXY achieves a 8.73% return, which is significantly lower than ^VVIX's 13.46% return. Over the past 10 years, VIXY has underperformed ^VVIX with an annualized return of -46.81%, while ^VVIX has yielded a comparatively higher 3.96% annualized return.
VIXY
8.73%
1.03%
-5.87%
-8.54%
-56.18%
-46.81%
^VVIX
13.46%
-0.31%
9.63%
43.03%
-3.76%
3.96%
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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
The current volatility for ProShares VIX Short-Term Futures ETF (VIXY) is 24.33%, while CBOE VIX Volatility Index (^VVIX) has a volatility of 37.87%. This indicates that VIXY experiences smaller price fluctuations and is considered to be less risky than ^VVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.