VXX vs. PL=F

Last updated Aug 2, 2026

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 PL=F (Platinum) is an asset. Their -0.00 correlation means they have often moved in opposite directions in the past.

Performance

VXX vs. PL=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Platinum (PL=F). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VXX

• 1D: -2.61%
• 1M: -3.58%
• 6M: -22.73%
• YTD: -19.72%
• 1Y: -53.71%
• 3Y*: -38.60%
• 5Y*: -46.47%
• 10Y*: -46.29%
• ALL TIME*: -51.44%

PL=F

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN	$203.07M	$176.34M	$224.72M

VXX vs. PL=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN	-19.72%	-42.21%	-26.22%	-72.52%	-38.47%
PL=F Platinum	0.00%	0.00%	0.00%	0.00%	-10.92%

Correlation

The correlation between VXX and PL=F is -0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	-0.00

Return for Risk

VXX vs. PL=F — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VXX

VXX Risk / Return Rank: 2
VXX Sharpe Ratio Rank: 2
VXX Sortino Ratio Rank: 2
VXX Omega Ratio Rank: 2
VXX Calmar Ratio Rank: 1
VXX Martin Ratio Rank: 1

PL=F

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VXX vs. PL=F - 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 Platinum (PL=F). 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	PL=F	Difference
Sharpe ratio: Return per unit of total volatility	-0.87	—	—
Sortino ratio: Return per unit of downside risk	-1.33	—	—
Omega ratio: Gain probability vs. loss probability	0.85	—	—
Calmar ratio: Return relative to maximum drawdown	-0.92	—	—
Martin ratio: Return relative to average drawdown	-1.40	—	—

Drawdowns

Drawdown Indicators

	VXX	PL=F	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-54.59%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-80.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-95.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.80%	—	—
Current Drawdown Current decline from peak	-100.00%	—	—
Average Drawdown Average peak-to-trough decline	-95.11%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	35.70%	—	—

Volatility

Volatility by Period

	VXX	PL=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	42.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	57.37%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.63%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.37%	—	—

Frequently Asked Questions

Can I hold both VXX and PL=F in my portfolio?

VXX and PL=F have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.