^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:
0.31
VIXY:
0.16
^VVIX:
1.37
VIXY:
1.04
^VVIX:
1.16
VIXY:
1.13
^VVIX:
0.52
VIXY:
0.14
^VVIX:
0.94
VIXY:
0.34
^VVIX:
35.75%
VIXY:
40.48%
^VVIX:
108.97%
VIXY:
88.69%
^VVIX:
-78.10%
VIXY:
-100.00%
^VVIX:
-42.44%
VIXY:
-99.99%
Returns By Period
In the year-to-date period, ^VVIX achieves a 14.52% return, which is significantly lower than VIXY's 35.38% return. Over the past 10 years, ^VVIX has outperformed VIXY with an annualized return of 4.04%, while VIXY has yielded a comparatively lower -45.49% annualized return.
^VVIX
14.52%
0.78%
3.32%
47.36%
-3.58%
4.04%
VIXY
35.38%
22.64%
12.29%
14.40%
-54.18%
-45.49%
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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 36.97% compared to ProShares VIX Short-Term Futures ETF (VIXY) at 32.28%. 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.