XXXX vs. ^VVIX
Compare and contrast key facts about MAX S&P 500 4X Leveraged ETN (XXXX) and CBOE VIX Volatility Index (^VVIX).
XXXX is a passively managed fund by Max that tracks the performance of the S&P 500. It was launched on Dec 4, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XXXX or ^VVIX.
Correlation
The correlation between XXXX and ^VVIX is -0.68. 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
XXXX vs. ^VVIX - Performance Comparison
Key characteristics
XXXX:
-0.17
^VVIX:
0.23
XXXX:
0.27
^VVIX:
1.28
XXXX:
1.04
^VVIX:
1.15
XXXX:
-0.21
^VVIX:
0.40
XXXX:
-0.70
^VVIX:
0.77
XXXX:
18.93%
^VVIX:
33.68%
XXXX:
76.58%
^VVIX:
113.25%
XXXX:
-62.27%
^VVIX:
-78.10%
XXXX:
-47.60%
^VVIX:
-52.33%
Returns By Period
In the year-to-date period, XXXX achieves a -38.31% return, which is significantly lower than ^VVIX's -5.16% return.
XXXX
-38.31%
-22.79%
-39.07%
-14.63%
N/A
N/A
^VVIX
-5.16%
10.55%
-15.79%
24.37%
-3.85%
1.86%
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Risk-Adjusted Performance
XXXX vs. ^VVIX — Risk-Adjusted Performance Rank
XXXX
^VVIX
XXXX vs. ^VVIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MAX S&P 500 4X Leveraged ETN (XXXX) 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.
Drawdowns
XXXX vs. ^VVIX - Drawdown Comparison
The maximum XXXX drawdown since its inception was -62.27%, smaller than the maximum ^VVIX drawdown of -78.10%. Use the drawdown chart below to compare losses from any high point for XXXX and ^VVIX. For additional features, visit the drawdowns tool.
Volatility
XXXX vs. ^VVIX - Volatility Comparison
MAX S&P 500 4X Leveraged ETN (XXXX) has a higher volatility of 55.64% compared to CBOE VIX Volatility Index (^VVIX) at 48.56%. This indicates that XXXX's price experiences larger fluctuations and is considered to be riskier than ^VVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.