XVOL vs. UVIX
Compare and contrast key facts about Acruence Active Hedge U.S. Equity ETF (XVOL) and Volatility Shares 2x Long VIX Futures ETF (UVIX).
XVOL and UVIX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XVOL is an actively managed fund by Toroso Investments. It was launched on Apr 22, 2021. UVIX is a passively managed fund by Volatility Shares that tracks the performance of the Long VIX Futures Index – Benchmark TR Gross (200%). It was launched on Mar 28, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XVOL or UVIX.
Key characteristics
| XVOL | UVIX | |
|---|---|---|
| YTD Return | 25.20% | -73.63% |
| 1Y Return | 36.38% | -85.85% |
| Sharpe Ratio | 1.84 | -0.56 |
| Sortino Ratio | 2.66 | -1.01 |
| Omega Ratio | 1.47 | 0.88 |
| Calmar Ratio | 1.59 | -0.85 |
| Martin Ratio | 7.54 | -1.27 |
| Ulcer Index | 4.74% | 66.79% |
| Daily Std Dev | 19.47% | 151.78% |
| Max Drawdown | -25.82% | -99.72% |
| Current Drawdown | -2.21% | -99.72% |
Correlation
The correlation between XVOL and UVIX is -0.57. 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
XVOL vs. UVIX - Performance Comparison
In the year-to-date period, XVOL achieves a 25.20% return, which is significantly higher than UVIX's -73.63% 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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XVOL vs. UVIX - Expense Ratio Comparison
XVOL has a 0.83% expense ratio, which is lower than UVIX's 2.78% expense ratio.
Risk-Adjusted Performance
XVOL vs. UVIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Acruence Active Hedge U.S. Equity ETF (XVOL) 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.
Dividends
XVOL vs. UVIX - Dividend Comparison
XVOL's dividend yield for the trailing twelve months is around 0.87%, while UVIX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
XVOL Acruence Active Hedge U.S. Equity ETF | 0.87% | 1.09% | 2.86% | 0.29% |
UVIX Volatility Shares 2x Long VIX Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XVOL vs. UVIX - Drawdown Comparison
The maximum XVOL drawdown since its inception was -25.82%, smaller than the maximum UVIX drawdown of -99.72%. Use the drawdown chart below to compare losses from any high point for XVOL and UVIX. For additional features, visit the drawdowns tool.
Volatility
XVOL vs. UVIX - Volatility Comparison
The current volatility for Acruence Active Hedge U.S. Equity ETF (XVOL) is 4.76%, while Volatility Shares 2x Long VIX Futures ETF (UVIX) has a volatility of 37.02%. This indicates that XVOL 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.