^FVX vs. UVIX
Compare and contrast key facts about Treasury Yield 5 Years (^FVX) and Volatility Shares 2x Long VIX Futures ETF (UVIX).
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: ^FVX or UVIX.
Key characteristics
| ^FVX | UVIX | |
|---|---|---|
| YTD Return | 11.02% | -59.65% |
| 1Y Return | 5.68% | -88.46% |
| Sharpe Ratio | 0.25 | -0.92 |
| Daily Std Dev | 26.92% | 96.75% |
| Max Drawdown | -97.53% | -99.58% |
| Current Drawdown | -46.01% | -99.58% |
Correlation
The correlation between ^FVX and UVIX is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
^FVX vs. UVIX - Performance Comparison
In the year-to-date period, ^FVX achieves a 11.02% return, which is significantly higher than UVIX's -59.65% 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
^FVX vs. UVIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 5 Years (^FVX) 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.
Drawdowns
^FVX vs. UVIX - Drawdown Comparison
The maximum ^FVX drawdown since its inception was -97.53%, roughly equal to the maximum UVIX drawdown of -99.58%. Use the drawdown chart below to compare losses from any high point for ^FVX and UVIX. For additional features, visit the drawdowns tool.
Volatility
^FVX vs. UVIX - Volatility Comparison
The current volatility for Treasury Yield 5 Years (^FVX) is 6.99%, while Volatility Shares 2x Long VIX Futures ETF (UVIX) has a volatility of 16.49%. This indicates that ^FVX 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.