^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:
-0.46
^VIX:
1.58
UVIX:
-0.23
^VIX:
1.19
UVIX:
0.97
^VIX:
0.30
UVIX:
-0.75
^VIX:
0.56
UVIX:
-1.17
^VIX:
45.32%
UVIX:
63.58%
^VIX:
148.56%
UVIX:
160.93%
^VIX:
-88.70%
UVIX:
-99.80%
^VIX:
-77.98%
UVIX:
-99.77%
Returns By Period
In the year-to-date period, ^VIX achieves a 4.96% return, which is significantly higher than UVIX's -11.44% return.
^VIX
4.96%
20.60%
14.82%
25.24%
1.24%
2.80%
UVIX
-11.44%
4.84%
-30.78%
-73.00%
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
CBOE Volatility Index (^VIX) has a higher volatility of 33.77% compared to Volatility Shares 2x Long VIX Futures ETF (UVIX) at 24.29%. 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.