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^VIX vs. UVIX
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

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.


-0.50.00.51.0
Correlation: -0.7

Performance

^VIX vs. UVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CBOE Volatility Index (^VIX) and Volatility Shares 2x Long VIX Futures ETF (UVIX). The values are adjusted to include any dividend payments, if applicable.

-100.00%-50.00%0.00%50.00%100.00%150.00%NovemberDecember2025FebruaryMarchApril
36.94%
-99.39%
^VIX
UVIX

Key characteristics

Sharpe Ratio

^VIX:

0.58

UVIX:

-0.28

Sortino Ratio

^VIX:

2.28

UVIX:

0.84

Omega Ratio

^VIX:

1.28

UVIX:

1.10

Calmar Ratio

^VIX:

1.17

UVIX:

-0.54

Martin Ratio

^VIX:

2.18

UVIX:

-0.78

Ulcer Index

^VIX:

45.88%

UVIX:

68.49%

Daily Std Dev

^VIX:

171.20%

UVIX:

190.40%

Max Drawdown

^VIX:

-88.70%

UVIX:

-99.80%

Current Drawdown

^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

YTD

52.56%

1M

54.34%

6M

38.73%

1Y

65.75%

5Y*

-5.73%

10Y*

7.02%

UVIX

YTD

37.65%

1M

58.27%

6M

-9.83%

1Y

-48.74%

5Y*

N/A

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

^VIX vs. UVIX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^VIX
The Risk-Adjusted Performance Rank of ^VIX is 9090
Overall Rank
The Sharpe Ratio Rank of ^VIX is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of ^VIX is 9898
Sortino Ratio Rank
The Omega Ratio Rank of ^VIX is 9898
Omega Ratio Rank
The Calmar Ratio Rank of ^VIX is 9494
Calmar Ratio Rank
The Martin Ratio Rank of ^VIX is 7979
Martin Ratio Rank

UVIX
The Risk-Adjusted Performance Rank of UVIX is 2727
Overall Rank
The Sharpe Ratio Rank of UVIX is 1010
Sharpe Ratio Rank
The Sortino Ratio Rank of UVIX is 6060
Sortino Ratio Rank
The Omega Ratio Rank of UVIX is 5555
Omega Ratio Rank
The Calmar Ratio Rank of UVIX is 22
Calmar Ratio Rank
The Martin Ratio Rank of UVIX is 99
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

^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.


The chart of Sharpe ratio for ^VIX, currently valued at 0.58, compared to the broader market-0.500.000.501.001.50
^VIX: 0.58
UVIX: -0.20
The chart of Sortino ratio for ^VIX, currently valued at 2.28, compared to the broader market-1.000.001.002.00
^VIX: 2.28
UVIX: 1.11
The chart of Omega ratio for ^VIX, currently valued at 1.28, compared to the broader market0.901.001.101.201.30
^VIX: 1.28
UVIX: 1.14
The chart of Calmar ratio for ^VIX, currently valued at 1.50, compared to the broader market-0.500.000.501.00
^VIX: 1.50
UVIX: -0.38
The chart of Martin ratio for ^VIX, currently valued at 2.18, compared to the broader market-2.000.002.004.006.00
^VIX: 2.18
UVIX: -0.55

The current ^VIX Sharpe Ratio is 0.58, which is higher than the UVIX Sharpe Ratio of -0.28. The chart below compares the historical Sharpe Ratios of ^VIX and UVIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.00NovemberDecember2025FebruaryMarchApril
0.58
-0.20
^VIX
UVIX

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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-49.42%
-99.64%
^VIX
UVIX

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.


20.00%40.00%60.00%80.00%100.00%NovemberDecember2025FebruaryMarchApril
82.11%
97.61%
^VIX
UVIX