^VVIX vs. VIXY
Compare and contrast key facts about CBOE VIX Volatility Index (^VVIX) and ProShares VIX Short-Term Futures ETF (VIXY).
VIXY is a passively managed fund by ProFund Advisors LLC that tracks the performance of the S&P 500 VIX Short-Term Futures Index Total Return. It was launched on Jan 3, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^VVIX or VIXY.
Correlation
The correlation between ^VVIX and VIXY 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
^VVIX vs. VIXY - Performance Comparison
Key characteristics
^VVIX:
0.18
VIXY:
-0.35
^VVIX:
1.13
VIXY:
-0.07
^VVIX:
1.13
VIXY:
0.99
^VVIX:
0.28
VIXY:
-0.29
^VVIX:
0.55
VIXY:
-0.77
^VVIX:
33.18%
VIXY:
37.51%
^VVIX:
102.63%
VIXY:
81.70%
^VVIX:
-78.10%
VIXY:
-100.00%
^VVIX:
-54.24%
VIXY:
-100.00%
Returns By Period
In the year-to-date period, ^VVIX achieves a -8.95% return, which is significantly higher than VIXY's -9.53% return. Over the past 10 years, ^VVIX has outperformed VIXY with an annualized return of 0.98%, while VIXY has yielded a comparatively lower -48.57% annualized return.
^VVIX
-8.95%
-3.33%
-15.59%
12.20%
-1.95%
0.98%
VIXY
-9.53%
-1.57%
-15.71%
-30.73%
-47.18%
-48.57%
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Risk-Adjusted Performance
^VVIX vs. VIXY — Risk-Adjusted Performance Rank
^VVIX
VIXY
^VVIX vs. VIXY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE VIX Volatility Index (^VVIX) and ProShares VIX Short-Term Futures ETF (VIXY). 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. VIXY - Drawdown Comparison
The maximum ^VVIX drawdown since its inception was -78.10%, smaller than the maximum VIXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for ^VVIX and VIXY. For additional features, visit the drawdowns tool.
Volatility
^VVIX vs. VIXY - Volatility Comparison
CBOE VIX Volatility Index (^VVIX) has a higher volatility of 18.84% compared to ProShares VIX Short-Term Futures ETF (VIXY) at 10.62%. This indicates that ^VVIX's price experiences larger fluctuations and is considered to be riskier than VIXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.