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.
Key characteristics
| XXXX | ^VVIX | |
|---|---|---|
| YTD Return | 49.10% | 22.67% |
| Daily Std Dev | 160.40% | 94.96% |
| Max Drawdown | -31.99% | -78.10% |
| Current Drawdown | -10.30% | -48.62% |
Correlation
The correlation between XXXX and ^VVIX 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
XXXX vs. ^VVIX - Performance Comparison
In the year-to-date period, XXXX achieves a 49.10% return, which is significantly higher than ^VVIX's 22.67% 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
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.
Not enough dataDrawdowns
XXXX vs. ^VVIX - Drawdown Comparison
The maximum XXXX drawdown since its inception was -31.99%, 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
The current volatility for MAX S&P 500 4X Leveraged ETN (XXXX) is 15.80%, while CBOE VIX Volatility Index (^VVIX) has a volatility of 43.69%. This indicates that XXXX 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.