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^VVIX vs. VIXY
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between ^VVIX and VIXY is -0.79. 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: -0.8

Performance

^VVIX vs. VIXY - Performance Comparison

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

-100.00%-50.00%0.00%50.00%100.00%NovemberDecember2025FebruaryMarchApril
16.07%
-99.99%
^VVIX
VIXY

Key characteristics

Sharpe Ratio

^VVIX:

0.23

VIXY:

0.14

Sortino Ratio

^VVIX:

1.28

VIXY:

1.06

Omega Ratio

^VVIX:

1.15

VIXY:

1.13

Calmar Ratio

^VVIX:

0.40

VIXY:

0.14

Martin Ratio

^VVIX:

0.77

VIXY:

0.35

Ulcer Index

^VVIX:

33.68%

VIXY:

39.45%

Daily Std Dev

^VVIX:

113.25%

VIXY:

96.69%

Max Drawdown

^VVIX:

-78.10%

VIXY:

-100.00%

Current Drawdown

^VVIX:

-52.33%

VIXY:

-99.99%

Returns By Period

In the year-to-date period, ^VVIX achieves a -5.16% return, which is significantly lower than VIXY's 37.52% return. Over the past 10 years, ^VVIX has outperformed VIXY with an annualized return of 1.86%, while VIXY has yielded a comparatively lower -44.67% annualized return.


^VVIX

YTD

-5.16%

1M

10.55%

6M

-15.79%

1Y

24.37%

5Y*

-3.85%

10Y*

1.86%

VIXY

YTD

37.52%

1M

33.63%

6M

13.55%

1Y

15.94%

5Y*

-52.48%

10Y*

-44.67%

*Annualized

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Risk-Adjusted Performance

^VVIX vs. VIXY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^VVIX
The Risk-Adjusted Performance Rank of ^VVIX is 6262
Overall Rank
The Sharpe Ratio Rank of ^VVIX is 4141
Sharpe Ratio Rank
The Sortino Ratio Rank of ^VVIX is 8585
Sortino Ratio Rank
The Omega Ratio Rank of ^VVIX is 8282
Omega Ratio Rank
The Calmar Ratio Rank of ^VVIX is 6161
Calmar Ratio Rank
The Martin Ratio Rank of ^VVIX is 4343
Martin Ratio Rank

VIXY
The Risk-Adjusted Performance Rank of VIXY is 4646
Overall Rank
The Sharpe Ratio Rank of VIXY is 3232
Sharpe Ratio Rank
The Sortino Ratio Rank of VIXY is 7070
Sortino Ratio Rank
The Omega Ratio Rank of VIXY is 6565
Omega Ratio Rank
The Calmar Ratio Rank of VIXY is 3535
Calmar Ratio Rank
The Martin Ratio Rank of VIXY is 3030
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.

^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.


The chart of Sharpe ratio for ^VVIX, currently valued at 0.23, compared to the broader market-0.500.000.501.001.50
^VVIX: 0.23
VIXY: 0.18
The chart of Sortino ratio for ^VVIX, currently valued at 1.28, compared to the broader market-1.00-0.500.000.501.001.502.00
^VVIX: 1.28
VIXY: 1.13
The chart of Omega ratio for ^VVIX, currently valued at 1.15, compared to the broader market0.901.001.101.201.30
^VVIX: 1.15
VIXY: 1.14
The chart of Calmar ratio for ^VVIX, currently valued at 0.40, compared to the broader market-0.500.000.501.00
^VVIX: 0.40
VIXY: 0.18
The chart of Martin ratio for ^VVIX, currently valued at 0.77, compared to the broader market0.002.004.006.00
^VVIX: 0.77
VIXY: 0.46

The current ^VVIX Sharpe Ratio is 0.23, which is higher than the VIXY Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of ^VVIX and VIXY, 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-0.60-0.40-0.200.000.200.400.60NovemberDecember2025FebruaryMarchApril
0.23
0.18
^VVIX
VIXY

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.


-100.00%-80.00%-60.00%-40.00%-20.00%NovemberDecember2025FebruaryMarchApril
-52.33%
-99.99%
^VVIX
VIXY

Volatility

^VVIX vs. VIXY - Volatility Comparison

CBOE VIX Volatility Index (^VVIX) and ProShares VIX Short-Term Futures ETF (VIXY) have volatilities of 48.56% and 48.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
48.56%
48.02%
^VVIX
VIXY