^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 0.77, 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. VIXM - Performance Comparison
Key characteristics
^VIX:
0.17
VIXM:
-0.01
^VIX:
1.60
VIXM:
0.30
^VIX:
1.19
VIXM:
1.04
^VIX:
0.30
VIXM:
-0.00
^VIX:
0.54
VIXM:
-0.02
^VIX:
47.55%
VIXM:
22.15%
^VIX:
153.41%
VIXM:
40.89%
^VIX:
-88.70%
VIXM:
-96.23%
^VIX:
-73.67%
VIXM:
-95.67%
Returns By Period
In the year-to-date period, ^VIX achieves a 25.48% return, which is significantly higher than VIXM's 9.13% return. Over the past 10 years, ^VIX has outperformed VIXM with an annualized return of 3.89%, while VIXM has yielded a comparatively lower -12.75% annualized return.
^VIX
25.48%
10.90%
13.03%
59.49%
-15.15%
3.89%
VIXM
9.13%
4.43%
2.47%
-0.32%
-17.58%
-12.75%
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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 37.95% compared to ProShares VIX Mid-Term Futures ETF (VIXM) at 11.34%. 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.