^VVIX vs. XXXX
Compare and contrast key facts about CBOE VIX Volatility Index (^VVIX) and MAX S&P 500 4X Leveraged ETN (XXXX).
XXXX is a passively managed fund by Max that tracks the performance of the S&P 500. It was launched on Dec 4, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^VVIX or XXXX.
Key characteristics
| ^VVIX | XXXX | |
|---|---|---|
| YTD Return | 29.68% | 65.99% |
| Daily Std Dev | 92.54% | 149.25% |
| Max Drawdown | -78.10% | -31.99% |
| Current Drawdown | -45.68% | -3.08% |
Correlation
The correlation between ^VVIX and XXXX is -0.61. 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.
Performance
^VVIX vs. XXXX - Performance Comparison
In the year-to-date period, ^VVIX achieves a 29.68% return, which is significantly lower than XXXX's 65.99% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^VVIX vs. XXXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE VIX Volatility Index (^VVIX) and MAX S&P 500 4X Leveraged ETN (XXXX). 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.
Not enough dataDrawdowns
^VVIX vs. XXXX - Drawdown Comparison
The maximum ^VVIX drawdown since its inception was -78.10%, which is greater than XXXX's maximum drawdown of -31.99%. Use the drawdown chart below to compare losses from any high point for ^VVIX and XXXX. For additional features, visit the drawdowns tool.
Volatility
^VVIX vs. XXXX - Volatility Comparison
CBOE VIX Volatility Index (^VVIX) has a higher volatility of 23.29% compared to MAX S&P 500 4X Leveraged ETN (XXXX) at 9.70%. This indicates that ^VVIX's price experiences larger fluctuations and is considered to be riskier than XXXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.