VXZ vs. UDOW
Compare and contrast key facts about iPath Series B S&P 500® VIX Mid-Term Futures ETN (VXZ) and ProShares UltraPro Dow30 (UDOW).
VXZ is a passively managed fund by Barclays Capital that tracks the performance of the S&P 500 VIX Mid-Term Futures Index Total Return. It was launched on Jan 17, 2018. UDOW is a passively managed fund by ProShares that tracks the performance of the Dow Jones Industrial Average (300%). It was launched on Feb 9, 2010. Both VXZ and UDOW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VXZ or UDOW.
Key characteristics
| VXZ | UDOW | |
|---|---|---|
| YTD Return | -15.88% | 43.94% |
| 1Y Return | -24.49% | 95.91% |
| 3Y Return (Ann) | -22.02% | 8.89% |
| 5Y Return (Ann) | -8.33% | 14.21% |
| Sharpe Ratio | -0.75 | 2.79 |
| Sortino Ratio | -1.10 | 3.34 |
| Omega Ratio | 0.88 | 1.45 |
| Calmar Ratio | -0.33 | 2.53 |
| Martin Ratio | -1.28 | 15.00 |
| Ulcer Index | 17.60% | 6.15% |
| Daily Std Dev | 30.07% | 33.02% |
| Max Drawdown | -68.91% | -80.29% |
| Current Drawdown | -68.40% | 0.00% |
Correlation
The correlation between VXZ and UDOW is -0.61. 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
VXZ vs. UDOW - Performance Comparison
In the year-to-date period, VXZ achieves a -15.88% return, which is significantly lower than UDOW's 43.94% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
VXZ vs. UDOW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iPath Series B S&P 500® VIX Mid-Term Futures ETN (VXZ) and ProShares UltraPro Dow30 (UDOW). 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.
Dividends
VXZ vs. UDOW - Dividend Comparison
VXZ has not paid dividends to shareholders, while UDOW's dividend yield for the trailing twelve months is around 0.84%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VXZ iPath Series B S&P 500® VIX Mid-Term Futures ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UDOW ProShares UltraPro Dow30 | 0.84% | 0.95% | 0.83% | 0.26% | 0.19% | 0.61% | 0.73% | 0.13% | 0.67% | 0.21% | 0.46% | 0.35% |
Drawdowns
VXZ vs. UDOW - Drawdown Comparison
The maximum VXZ drawdown since its inception was -68.91%, smaller than the maximum UDOW drawdown of -80.29%. Use the drawdown chart below to compare losses from any high point for VXZ and UDOW. For additional features, visit the drawdowns tool.
Volatility
VXZ vs. UDOW - Volatility Comparison
The current volatility for iPath Series B S&P 500® VIX Mid-Term Futures ETN (VXZ) is 8.58%, while ProShares UltraPro Dow30 (UDOW) has a volatility of 13.36%. This indicates that VXZ experiences smaller price fluctuations and is considered to be less risky than UDOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.