^VVIX vs. VXX
Compare and contrast key facts about CBOE VIX Volatility Index (^VVIX) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX).
VXX is a passively managed fund by Barclays Capital that tracks the performance of the S&P 500 VIX Short-Term Futures Index Total Return. It was launched on Jan 19, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^VVIX or VXX.
Correlation
The correlation between ^VVIX and VXX is 0.73, 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. VXX - Performance Comparison
Key characteristics
^VVIX:
0.29
VXX:
-0.40
^VVIX:
1.30
VXX:
-0.20
^VVIX:
1.15
VXX:
0.98
^VVIX:
0.45
VXX:
-0.31
^VVIX:
1.01
VXX:
-0.93
^VVIX:
29.21%
VXX:
33.49%
^VVIX:
100.58%
VXX:
78.04%
^VVIX:
-78.10%
VXX:
-99.08%
^VVIX:
-45.08%
VXX:
-98.91%
Returns By Period
In the year-to-date period, ^VVIX achieves a 31.11% return, which is significantly higher than VXX's -22.55% return.
^VVIX
31.11%
11.56%
36.85%
26.89%
2.78%
1.86%
VXX
-22.55%
0.90%
6.47%
-27.63%
-45.20%
N/A
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Risk-Adjusted Performance
^VVIX vs. VXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE VIX Volatility Index (^VVIX) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX). 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. VXX - Drawdown Comparison
The maximum ^VVIX drawdown since its inception was -78.10%, smaller than the maximum VXX drawdown of -99.08%. Use the drawdown chart below to compare losses from any high point for ^VVIX and VXX. For additional features, visit the drawdowns tool.
Volatility
^VVIX vs. VXX - Volatility Comparison
CBOE VIX Volatility Index (^VVIX) has a higher volatility of 34.95% compared to iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) at 25.29%. This indicates that ^VVIX's price experiences larger fluctuations and is considered to be riskier than VXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.