SVXY vs. WEIX
Compare and contrast key facts about ProShares Short VIX Short-Term Futures ETF (SVXY) and Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF (WEIX).
SVXY and WEIX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SVXY is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX Short-Term Futures Index (-100%). It was launched on Oct 3, 2011. WEIX is an actively managed fund by Dynamic Shares Trust. It was launched on Jan 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SVXY or WEIX.
Key characteristics
| SVXY | WEIX | |
|---|---|---|
| YTD Return | 0.70% | -2.74% |
| 1Y Return | 14.02% | 3.72% |
| Sharpe Ratio | 0.43 | 0.18 |
| Sortino Ratio | 0.72 | 0.38 |
| Omega Ratio | 1.14 | 1.10 |
| Calmar Ratio | 0.19 | 0.17 |
| Martin Ratio | 1.31 | 0.58 |
| Ulcer Index | 12.42% | 8.88% |
| Daily Std Dev | 38.20% | 28.93% |
| Max Drawdown | -95.25% | -30.55% |
| Current Drawdown | -81.17% | -12.53% |
Correlation
The correlation between SVXY and WEIX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SVXY vs. WEIX - Performance Comparison
In the year-to-date period, SVXY achieves a 0.70% return, which is significantly higher than WEIX's -2.74% 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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SVXY vs. WEIX - Expense Ratio Comparison
SVXY has a 1.38% expense ratio, which is higher than WEIX's 0.50% expense ratio.
Risk-Adjusted Performance
SVXY vs. WEIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short VIX Short-Term Futures ETF (SVXY) and Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF (WEIX). 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
SVXY vs. WEIX - Dividend Comparison
Neither SVXY nor WEIX has paid dividends to shareholders.
Drawdowns
SVXY vs. WEIX - Drawdown Comparison
The maximum SVXY drawdown since its inception was -95.25%, which is greater than WEIX's maximum drawdown of -30.55%. Use the drawdown chart below to compare losses from any high point for SVXY and WEIX. For additional features, visit the drawdowns tool.
Volatility
SVXY vs. WEIX - Volatility Comparison
ProShares Short VIX Short-Term Futures ETF (SVXY) has a higher volatility of 9.17% compared to Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF (WEIX) at 6.96%. This indicates that SVXY's price experiences larger fluctuations and is considered to be riskier than WEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.