^VIX vs. UVIX
Compare and contrast key facts about CBOE Volatility Index (^VIX) 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: ^VIX or UVIX.
Correlation
The correlation between ^VIX and UVIX is 0.87, 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
^VIX vs. UVIX - Performance Comparison
Key characteristics
^VIX:
0.17
UVIX:
-0.34
^VIX:
1.60
UVIX:
0.44
^VIX:
1.19
UVIX:
1.05
^VIX:
0.30
UVIX:
-0.57
^VIX:
0.54
UVIX:
-0.84
^VIX:
47.55%
UVIX:
68.61%
^VIX:
153.41%
UVIX:
167.52%
^VIX:
-88.70%
UVIX:
-99.80%
^VIX:
-73.67%
UVIX:
-99.71%
Returns By Period
In the year-to-date period, ^VIX achieves a 25.48% return, which is significantly higher than UVIX's 9.71% return.
^VIX
25.48%
10.90%
13.03%
59.49%
-15.15%
3.89%
UVIX
9.71%
18.41%
-31.68%
-57.85%
N/A
N/A
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Risk-Adjusted Performance
^VIX vs. UVIX — Risk-Adjusted Performance Rank
^VIX
UVIX
^VIX vs. UVIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE Volatility Index (^VIX) 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
^VIX vs. UVIX - Drawdown Comparison
The maximum ^VIX drawdown since its inception was -88.70%, smaller than the maximum UVIX drawdown of -99.80%. Use the drawdown chart below to compare losses from any high point for ^VIX and UVIX. For additional features, visit the drawdowns tool.
Volatility
^VIX vs. UVIX - Volatility Comparison
The current volatility for CBOE Volatility Index (^VIX) is 37.95%, while Volatility Shares 2x Long VIX Futures ETF (UVIX) has a volatility of 47.47%. This indicates that ^VIX 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.