VOOL.DE vs. VIXM
VOOL.DE (Amundi S&P 500 VIX Futures Enhanced Roll UCITS ETF Acc) and VIXM (ProShares VIX Mid-Term Futures ETF) are both Volatility funds - VOOL.DE tracks the S&P 500 VIX Futures Roll Enhanced TR while VIXM tracks the S&P 500 VIX Mid-Term Futures Index. Both are passively managed. Over the past 10 years, VOOL.DE returned -26.18%/yr vs -11.35%/yr for VIXM. At a 0.49 correlation, their price movements are largely independent. VOOL.DE charges 0.60%/yr vs 0.85%/yr for VIXM.
Performance
VOOL.DE vs. VIXM - Performance Comparison
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Different Trading Currencies
VOOL.DE is traded in EUR, while VIXM is traded in USD. To make them comparable, the VIXM values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VOOL.DE achieves a 2.95% return, which is significantly lower than VIXM's 3.10% return. Over the past 10 years, VOOL.DE has underperformed VIXM with an annualized return of -26.18%, while VIXM has yielded a comparatively higher -11.35% annualized return.
VOOL.DE
- 1D
- -0.59%
- 1M
- -1.68%
- YTD
- 2.95%
- 6M
- -3.26%
- 1Y
- -17.45%
- 3Y*
- -28.39%
- 5Y*
- -26.95%
- 10Y*
- -26.18%
VIXM
- 1D
- 1.59%
- 1M
- 0.16%
- YTD
- 3.10%
- 6M
- -0.88%
- 1Y
- -10.52%
- 3Y*
- -14.07%
- 5Y*
- -12.58%
- 10Y*
- -11.35%
VOOL.DE vs. VIXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VOOL.DE Amundi S&P 500 VIX Futures Enhanced Roll UCITS ETF Acc | 2.95% | -25.96% | -26.51% | -52.19% | -7.88% | -38.71% | 42.44% | -35.38% | 30.69% | -63.80% |
VIXM ProShares VIX Mid-Term Futures ETF | 3.10% | -6.93% | -7.97% | -46.48% | 5.47% | -10.47% | 58.17% | -18.58% | 32.37% | -56.19% |
Correlation
The correlation between VOOL.DE and VIXM is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2012 | 0.49 |
The correlation between VOOL.DE and VIXM has been stable across timeframes, ranging from 0.49 to 0.54 - a consistent structural relationship.
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Return for Risk
VOOL.DE vs. VIXM — Risk / Return Rank
VOOL.DE
VIXM
VOOL.DE vs. VIXM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 VIX Futures Enhanced Roll UCITS ETF Acc (VOOL.DE) and ProShares VIX Mid-Term Futures ETF (VIXM). 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.
| VOOL.DE | VIXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.93 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | -0.62 | -0.07 |
| Martin ratioReturn relative to average drawdown | -1.14 | -1.06 | -0.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VOOL.DE | VIXM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | -0.51 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.67 | -0.39 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.59 | -0.33 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.64 | -0.50 | -0.15 |
Drawdowns
VOOL.DE vs. VIXM - Drawdown Comparison
The maximum VOOL.DE drawdown since its inception was -98.72%, roughly equal to the maximum VIXM drawdown of -95.45%. Use the drawdown chart below to compare losses from any high point for VOOL.DE and VIXM.
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Drawdown Indicators
| VOOL.DE | VIXM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.72% | -95.45% | -3.27% |
Max Drawdown (1Y)Largest decline over 1 year | -25.83% | -16.97% | -8.86% |
Max Drawdown (3Y)Largest decline over 3 years | -64.28% | -41.10% | -23.18% |
Max Drawdown (5Y)Largest decline over 5 years | -82.72% | -66.68% | -16.04% |
Max Drawdown (10Y)Largest decline over 10 years | -96.48% | -75.37% | -21.11% |
Current DrawdownCurrent decline from peak | -98.63% | -95.15% | -3.48% |
Average DrawdownAverage peak-to-trough decline | -83.36% | -80.66% | -2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.81% | 9.98% | +5.83% |
Volatility
VOOL.DE vs. VIXM - Volatility Comparison
Amundi S&P 500 VIX Futures Enhanced Roll UCITS ETF Acc (VOOL.DE) and ProShares VIX Mid-Term Futures ETF (VIXM) have volatilities of 3.79% and 3.88%, 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.
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Volatility by Period
| VOOL.DE | VIXM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 3.88% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 20.77% | 15.70% | +5.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.21% | 20.83% | +6.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.93% | 32.38% | +7.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.00% | 34.18% | +9.82% |
VOOL.DE vs. VIXM - Expense Ratio Comparison
VOOL.DE has a 0.60% expense ratio, which is lower than VIXM's 0.85% expense ratio.
Dividends
VOOL.DE vs. VIXM - Dividend Comparison
Neither VOOL.DE nor VIXM has paid dividends to shareholders.
Frequently Asked Questions
VOOL.DE and VIXM have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VOOL.DE is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VOOL.DE is cheaper with a 0.60% expense ratio, compared with 0.85% for VIXM.
VOOL.DE tracks S&P 500 VIX Futures Roll Enhanced TR, while VIXM tracks S&P 500 VIX Mid-Term Futures Index. They also come from different issuers: Amundi and ProShares. Their fees differ too: 0.60% for VOOL.DE and 0.85% for VIXM.
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