^VVIX vs. REW
Compare and contrast key facts about CBOE VIX Volatility Index (^VVIX) and ProShares UltraShort Technology (REW).
REW is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Technology Index (-200%). It was launched on Jan 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^VVIX or REW.
Key characteristics
| ^VVIX | REW | |
|---|---|---|
| YTD Return | 7.79% | -25.63% |
| 1Y Return | 16.00% | -37.65% |
| 3Y Return (Ann) | -3.91% | -26.42% |
| 5Y Return (Ann) | -1.79% | -46.02% |
| 10Y Return (Ann) | 1.29% | -40.54% |
| Sharpe Ratio | 0.12 | -0.91 |
| Daily Std Dev | 86.12% | 42.10% |
| Max Drawdown | -78.10% | -99.98% |
| Current Drawdown | -54.85% | -99.98% |
Correlation
The correlation between ^VVIX and REW is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
^VVIX vs. REW - Performance Comparison
In the year-to-date period, ^VVIX achieves a 7.79% return, which is significantly higher than REW's -25.63% return. Over the past 10 years, ^VVIX has outperformed REW with an annualized return of 1.29%, while REW has yielded a comparatively lower -40.54% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^VVIX vs. REW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE VIX Volatility Index (^VVIX) and ProShares UltraShort Technology (REW). 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
^VVIX vs. REW - Drawdown Comparison
The maximum ^VVIX drawdown since its inception was -78.10%, smaller than the maximum REW drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for ^VVIX and REW. For additional features, visit the drawdowns tool.
Volatility
^VVIX vs. REW - Volatility Comparison
CBOE VIX Volatility Index (^VVIX) has a higher volatility of 43.14% compared to ProShares UltraShort Technology (REW) at 16.75%. This indicates that ^VVIX's price experiences larger fluctuations and is considered to be riskier than REW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.