Correlation
The correlation between VXX and ^VVIX is -0.63. 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.
VXX vs. ^VVIX
Compare and contrast key facts about iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and CBOE VIX Volatility Index (^VVIX).
VXX is a passively managed fund by Barclays Capital that tracks the performance of the S&P 500 VIX Short-Term Futures Index Total Return. It was launched on Jan 19, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VXX or ^VVIX.
Performance
VXX vs. ^VVIX - Performance Comparison
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Key characteristics
VXX:
0.14
^VVIX:
0.12
VXX:
1.09
^VVIX:
1.16
VXX:
1.14
^VVIX:
1.13
VXX:
0.17
^VVIX:
0.26
VXX:
0.44
^VVIX:
0.46
VXX:
38.61%
^VVIX:
36.19%
VXX:
95.91%
^VVIX:
116.09%
VXX:
-99.08%
^VVIX:
-78.10%
VXX:
-98.78%
^VVIX:
-54.16%
Returns By Period
In the year-to-date period, VXX achieves a 17.53% return, which is significantly higher than ^VVIX's -8.80% return.
VXX
17.53%
-16.72%
26.41%
13.18%
-46.97%
-52.03%
N/A
^VVIX
-8.80%
-6.98%
10.23%
14.03%
0.73%
-2.06%
1.67%
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Risk-Adjusted Performance
VXX vs. ^VVIX — Risk-Adjusted Performance Rank
VXX
^VVIX
VXX vs. ^VVIX - 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 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.
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Drawdowns
VXX vs. ^VVIX - Drawdown Comparison
The maximum VXX drawdown since its inception was -99.08%, which is greater than ^VVIX's maximum drawdown of -78.10%. Use the drawdown chart below to compare losses from any high point for VXX and ^VVIX.
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Volatility
VXX vs. ^VVIX - Volatility Comparison
The current volatility for iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) is 21.68%, while CBOE VIX Volatility Index (^VVIX) has a volatility of 23.47%. This indicates that VXX 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.
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