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VXX vs. UVIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VXX and UVIX is -0.70. 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.


Performance

VXX vs. UVIX - 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 Volatility Shares 2x Long VIX Futures ETF (UVIX). The values are adjusted to include any dividend payments, if applicable.

-100.00%-95.00%-90.00%-85.00%-80.00%December2025FebruaryMarchAprilMay
-83.86%
-99.42%
VXX
UVIX

Key characteristics

Sharpe Ratio

VXX:

0.23

UVIX:

-0.25

Sortino Ratio

VXX:

1.18

UVIX:

0.94

Omega Ratio

VXX:

1.15

UVIX:

1.12

Calmar Ratio

VXX:

0.22

UVIX:

-0.48

Martin Ratio

VXX:

0.58

UVIX:

-0.70

Ulcer Index

VXX:

37.72%

UVIX:

68.58%

Daily Std Dev

VXX:

94.15%

UVIX:

190.46%

Max Drawdown

VXX:

-99.08%

UVIX:

-99.80%

Current Drawdown

VXX:

-98.54%

UVIX:

-99.66%

Returns By Period

In the year-to-date period, VXX achieves a 40.94% return, which is significantly higher than UVIX's 30.41% return.


VXX

YTD

40.94%

1M

-13.76%

6M

25.22%

1Y

30.04%

5Y*

-51.61%

10Y*

N/A

UVIX

YTD

30.41%

1M

-39.54%

6M

-8.77%

1Y

-41.35%

5Y*

N/A

10Y*

N/A

*Annualized

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VXX vs. UVIX - Expense Ratio Comparison

VXX has a 0.89% expense ratio, which is lower than UVIX's 2.78% expense ratio.


Risk-Adjusted Performance

VXX vs. UVIX — Risk-Adjusted Performance Rank

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

VXX
The Risk-Adjusted Performance Rank of VXX is 4444
Overall Rank
The Sharpe Ratio Rank of VXX is 3030
Sharpe Ratio Rank
The Sortino Ratio Rank of VXX is 6767
Sortino Ratio Rank
The Omega Ratio Rank of VXX is 6161
Omega Ratio Rank
The Calmar Ratio Rank of VXX is 3333
Calmar Ratio Rank
The Martin Ratio Rank of VXX is 2727
Martin Ratio Rank

UVIX
The Risk-Adjusted Performance Rank of UVIX is 2525
Overall Rank
The Sharpe Ratio Rank of UVIX is 99
Sharpe Ratio Rank
The Sortino Ratio Rank of UVIX is 5555
Sortino Ratio Rank
The Omega Ratio Rank of UVIX is 5050
Omega Ratio Rank
The Calmar Ratio Rank of UVIX is 22
Calmar Ratio Rank
The Martin Ratio Rank of UVIX is 88
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.

VXX vs. UVIX - Risk-Adjusted Performance 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 Volatility Shares 2x Long VIX Futures ETF (UVIX). 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 current VXX Sharpe Ratio is 0.23, which is higher than the UVIX Sharpe Ratio of -0.25. The chart below compares the historical Sharpe Ratios of VXX and UVIX, 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-0.60-0.40-0.200.000.200.400.60December2025FebruaryMarchAprilMay
0.23
-0.25
VXX
UVIX

Dividends

VXX vs. UVIX - Dividend Comparison

Neither VXX nor UVIX has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

VXX vs. UVIX - Drawdown Comparison

The maximum VXX drawdown since its inception was -99.08%, roughly equal to the maximum UVIX drawdown of -99.80%. Use the drawdown chart below to compare losses from any high point for VXX and UVIX. For additional features, visit the drawdowns tool.


-100.00%-95.00%-90.00%-85.00%-80.00%December2025FebruaryMarchAprilMay
-85.60%
-99.66%
VXX
UVIX

Volatility

VXX vs. UVIX - Volatility Comparison

The current volatility for iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) is 38.01%, while Volatility Shares 2x Long VIX Futures ETF (UVIX) has a volatility of 81.26%. This indicates that VXX experiences smaller price fluctuations and is considered to be less risky than UVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


20.00%40.00%60.00%80.00%100.00%December2025FebruaryMarchAprilMay
38.01%
81.26%
VXX
UVIX