^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:
0.28
UVIX:
-0.43
^VIX:
1.73
UVIX:
-0.04
^VIX:
1.21
UVIX:
1.00
^VIX:
0.48
UVIX:
-0.70
^VIX:
1.00
UVIX:
-1.16
^VIX:
41.12%
UVIX:
60.28%
^VIX:
145.96%
UVIX:
160.82%
^VIX:
-88.70%
UVIX:
-99.77%
^VIX:
-77.37%
UVIX:
-99.72%
Returns By Period
In the year-to-date period, ^VIX achieves a 7.84% return, which is significantly higher than UVIX's 5.88% return.
^VIX
7.84%
35.48%
41.85%
41.21%
8.42%
-1.09%
UVIX
5.88%
14.65%
-27.42%
-70.90%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 -99.77%. 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
CBOE Volatility Index (^VIX) has a higher volatility of 71.21% compared to Volatility Shares 2x Long VIX Futures ETF (UVIX) at 56.74%. This indicates that ^VIX's price experiences larger fluctuations and is considered to be riskier than UVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.