^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 0.74, 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:
0.31
VXX:
0.19
^VVIX:
1.37
VXX:
1.06
^VVIX:
1.16
VXX:
1.13
^VVIX:
0.52
VXX:
0.16
^VVIX:
0.94
VXX:
0.41
^VVIX:
35.75%
VXX:
39.24%
^VVIX:
108.97%
VXX:
86.12%
^VVIX:
-78.10%
VXX:
-99.08%
^VVIX:
-42.44%
VXX:
-98.58%
Returns By Period
In the year-to-date period, ^VVIX achieves a 14.52% return, which is significantly lower than VXX's 36.44% return.
^VVIX
14.52%
0.78%
3.32%
47.36%
-3.58%
4.04%
VXX
36.44%
23.52%
13.43%
16.93%
-53.72%
N/A
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Risk-Adjusted Performance
^VVIX vs. VXX — Risk-Adjusted Performance Rank
^VVIX
VXX
^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 36.97% compared to iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) at 31.83%. 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.