VXX vs. GOOGL
VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) is Volatility fund tracking the S&P 500 VIX Short-Term Futures Index Total Return, while GOOGL (Alphabet Inc. Class A) is a stock. Over the past 10 years, VXX returned -47.94%/yr vs 25.76%/yr for GOOGL. At a correlation of -0.54, they often move in opposite directions.
Performance
VXX vs. GOOGL - Performance Comparison
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Returns By Period
In the year-to-date period, VXX achieves a -8.58% return, which is significantly lower than GOOGL's 15.06% return. Over the past 10 years, VXX has underperformed GOOGL with an annualized return of -47.94%, while GOOGL has yielded a comparatively higher 25.76% annualized return.
VXX
- 1D
- -4.42%
- 1M
- -14.70%
- YTD
- -8.58%
- 6M
- -18.05%
- 1Y
- -52.70%
- 3Y*
- -40.29%
- 5Y*
- -45.28%
- 10Y*
- -47.94%
GOOGL
- 1D
- 0.53%
- 1M
- -10.61%
- YTD
- 15.06%
- 6M
- 16.44%
- 1Y
- 105.30%
- 3Y*
- 43.10%
- 5Y*
- 24.46%
- 10Y*
- 25.76%
VXX vs. GOOGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN | -8.58% | -42.21% | -26.22% | -72.52% | -23.80% | -72.41% | 11.04% | -67.75% | 67.91% | -72.64% |
GOOGL Alphabet Inc. Class A | 15.06% | 65.99% | 36.01% | 58.32% | -39.09% | 65.30% | 30.85% | 28.18% | -0.80% | 32.93% |
Correlation
The correlation between VXX and GOOGL is -0.42, 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 | -0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2009 | -0.54 |
The correlation between VXX and GOOGL shifts across timeframes, from -0.54 (all time) to -0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VXX vs. GOOGL — Risk / Return Rank
VXX
GOOGL
VXX vs. GOOGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Alphabet Inc. Class A (GOOGL). 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.
| VXX | GOOGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.55 | ||
| Sortino ratioReturn per unit of downside risk | -6.40 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.59 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 5.20 | -6.12 |
| Martin ratioReturn relative to average drawdown | -1.29 | 18.48 | -19.77 |
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Drawdowns
VXX vs. GOOGL - Drawdown Comparison
The maximum VXX drawdown since its inception was -100.00%, which is greater than GOOGL's maximum drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for VXX and GOOGL.
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Drawdown Indicators
| VXX | GOOGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -65.29% | -34.71% |
Max Drawdown (1Y)Largest decline over 1 year | -57.39% | -20.37% | -37.02% |
Max Drawdown (3Y)Largest decline over 3 years | -79.24% | -29.81% | -49.43% |
Max Drawdown (5Y)Largest decline over 5 years | -95.79% | -44.32% | -51.47% |
Max Drawdown (10Y)Largest decline over 10 years | -99.86% | -44.32% | -55.54% |
Current DrawdownCurrent decline from peak | -100.00% | -10.61% | -89.39% |
Average DrawdownAverage peak-to-trough decline | -95.07% | -13.01% | -82.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.90% | 5.72% | +35.18% |
Volatility
VXX vs. GOOGL - Volatility Comparison
iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) has a higher volatility of 14.13% compared to Alphabet Inc. Class A (GOOGL) at 7.24%. This indicates that VXX's price experiences larger fluctuations and is considered to be riskier than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VXX | GOOGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.13% | 7.24% | +6.89% |
Volatility (6M)Calculated over the trailing 6-month period | 42.36% | 20.82% | +21.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.64% | 29.31% | +27.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.04% | 31.33% | +36.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.83% | 29.13% | +41.70% |
Dividends
VXX vs. GOOGL - Dividend Comparison
VXX has not paid dividends to shareholders, while GOOGL's dividend yield for the trailing twelve months is around 0.24%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GOOGL Alphabet Inc. Class A | 0.24% | 0.27% | 0.32% |
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VXX and GOOGL have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VXX has higher volatility (14.13%) compared to GOOGL (7.24%). In terms of maximum drawdown, VXX dropped -100.00% vs GOOGL's -65.29%.
GOOGL currently has the higher Sharpe Ratio (3.62 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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