^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 -0.73. 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
^VIX vs. UVIX - Performance Comparison
Key characteristics
^VIX:
0.58
UVIX:
-0.28
^VIX:
2.28
UVIX:
0.84
^VIX:
1.28
UVIX:
1.10
^VIX:
1.17
UVIX:
-0.54
^VIX:
2.18
UVIX:
-0.78
^VIX:
45.88%
UVIX:
68.49%
^VIX:
171.20%
UVIX:
190.40%
^VIX:
-88.70%
UVIX:
-99.80%
^VIX:
-67.99%
UVIX:
-99.64%
Returns By Period
In the year-to-date period, ^VIX achieves a 52.56% return, which is significantly higher than UVIX's 37.65% return.
^VIX
52.56%
54.34%
38.73%
65.75%
-5.73%
7.02%
UVIX
37.65%
58.27%
-9.83%
-48.74%
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 82.11%, while Volatility Shares 2x Long VIX Futures ETF (UVIX) has a volatility of 97.61%. 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.