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

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.


-0.50.00.51.0
Correlation: -0.7

Performance

^VIX vs. VIXM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CBOE Volatility Index (^VIX) and ProShares VIX Mid-Term Futures ETF (VIXM). The values are adjusted to include any dividend payments, if applicable.

-100.00%-50.00%0.00%50.00%100.00%150.00%200.00%250.00%NovemberDecember2025FebruaryMarchApril
52.30%
-94.30%
^VIX
VIXM

Key characteristics

Sharpe Ratio

^VIX:

0.58

VIXM:

0.31

Sortino Ratio

^VIX:

2.28

VIXM:

0.86

Omega Ratio

^VIX:

1.28

VIXM:

1.12

Calmar Ratio

^VIX:

1.17

VIXM:

0.15

Martin Ratio

^VIX:

2.18

VIXM:

0.67

Ulcer Index

^VIX:

45.88%

VIXM:

21.19%

Daily Std Dev

^VIX:

171.20%

VIXM:

45.67%

Max Drawdown

^VIX:

-88.70%

VIXM:

-96.23%

Current Drawdown

^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

YTD

52.56%

1M

54.34%

6M

38.73%

1Y

65.75%

5Y*

-5.73%

10Y*

7.02%

VIXM

YTD

25.59%

1M

21.96%

6M

21.80%

1Y

16.48%

5Y*

-15.01%

10Y*

-10.99%

*Annualized

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Risk-Adjusted Performance

^VIX vs. VIXM — 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

VIXM
The Risk-Adjusted Performance Rank of VIXM is 4848
Overall Rank
The Sharpe Ratio Rank of VIXM is 4545
Sharpe Ratio Rank
The Sortino Ratio Rank of VIXM is 6262
Sortino Ratio Rank
The Omega Ratio Rank of VIXM is 6161
Omega Ratio Rank
The Calmar Ratio Rank of VIXM is 3737
Calmar Ratio Rank
The Martin Ratio Rank of VIXM is 3838
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. 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.


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
VIXM: 0.52
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
VIXM: 1.16
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
VIXM: 1.16
The chart of Calmar ratio for ^VIX, currently valued at 1.17, compared to the broader market-0.500.000.501.00
^VIX: 1.17
VIXM: 0.24
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
VIXM: 1.10

The current ^VIX Sharpe Ratio is 0.58, which is higher than the VIXM Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of ^VIX and VIXM, 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
0.52
^VIX
VIXM

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.


-100.00%-90.00%-80.00%-70.00%-60.00%-50.00%-40.00%NovemberDecember2025FebruaryMarchApril
-67.99%
-95.01%
^VIX
VIXM

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.


0.00%20.00%40.00%60.00%80.00%NovemberDecember2025FebruaryMarchApril
82.11%
21.40%
^VIX
VIXM