^VIX vs. VIXM
Compare and contrast key facts about CBOE Volatility Index (^VIX) and ProShares VIX Mid-Term Futures ETF (VIXM).
VIXM is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX Mid-Term Futures Index. It was launched on Jan 4, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^VIX or VIXM.
Correlation
The correlation between ^VIX and VIXM is -0.74. 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. VIXM - Performance Comparison
Key characteristics
^VIX:
0.58
VIXM:
0.31
^VIX:
2.28
VIXM:
0.86
^VIX:
1.28
VIXM:
1.12
^VIX:
1.17
VIXM:
0.15
^VIX:
2.18
VIXM:
0.67
^VIX:
45.88%
VIXM:
21.19%
^VIX:
171.20%
VIXM:
45.67%
^VIX:
-88.70%
VIXM:
-96.23%
^VIX:
-67.99%
VIXM:
-95.01%
Returns By Period
In the year-to-date period, ^VIX achieves a 52.56% return, which is significantly higher than VIXM's 25.59% return. Over the past 10 years, ^VIX has outperformed VIXM with an annualized return of 7.02%, while VIXM has yielded a comparatively lower -10.99% annualized return.
^VIX
52.56%
54.34%
38.73%
65.75%
-5.73%
7.02%
VIXM
25.59%
21.96%
21.80%
16.48%
-15.01%
-10.99%
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Risk-Adjusted Performance
^VIX vs. VIXM — Risk-Adjusted Performance Rank
^VIX
VIXM
^VIX vs. VIXM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE Volatility Index (^VIX) and ProShares VIX Mid-Term Futures ETF (VIXM). 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. VIXM - Drawdown Comparison
The maximum ^VIX drawdown since its inception was -88.70%, smaller than the maximum VIXM drawdown of -96.23%. Use the drawdown chart below to compare losses from any high point for ^VIX and VIXM. For additional features, visit the drawdowns tool.
Volatility
^VIX vs. VIXM - Volatility Comparison
CBOE Volatility Index (^VIX) has a higher volatility of 82.11% compared to ProShares VIX Mid-Term Futures ETF (VIXM) at 21.40%. This indicates that ^VIX's price experiences larger fluctuations and is considered to be riskier than VIXM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.