Correlation
The correlation between ^VXN and SQQQ is -0.75. 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.
^VXN vs. SQQQ
Compare and contrast key facts about CBOE NASDAQ 100 Voltility Index (^VXN) and ProShares UltraPro Short QQQ (SQQQ).
SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^VXN or SQQQ.
Performance
^VXN vs. SQQQ - Performance Comparison
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Key characteristics
^VXN:
0.22
SQQQ:
-0.62
^VXN:
1.46
SQQQ:
-0.60
^VXN:
1.17
SQQQ:
0.92
^VXN:
0.47
SQQQ:
-0.47
^VXN:
1.10
SQQQ:
-1.39
^VXN:
35.59%
SQQQ:
33.68%
^VXN:
114.66%
SQQQ:
76.02%
^VXN:
-87.50%
SQQQ:
-100.00%
^VXN:
-73.57%
SQQQ:
-100.00%
Returns By Period
In the year-to-date period, ^VXN achieves a 9.44% return, which is significantly higher than SQQQ's -23.17% return. Over the past 10 years, ^VXN has outperformed SQQQ with an annualized return of 3.82%, while SQQQ has yielded a comparatively lower -52.19% annualized return.
^VXN
9.44%
-21.01%
30.70%
24.64%
-12.01%
-4.86%
3.82%
SQQQ
-23.17%
-24.13%
-26.44%
-47.25%
-51.04%
-52.81%
-52.19%
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Risk-Adjusted Performance
^VXN vs. SQQQ — Risk-Adjusted Performance Rank
^VXN
SQQQ
^VXN vs. SQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE NASDAQ 100 Voltility Index (^VXN) and ProShares UltraPro Short QQQ (SQQQ). 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.
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Drawdowns
^VXN vs. SQQQ - Drawdown Comparison
The maximum ^VXN drawdown since its inception was -87.50%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for ^VXN and SQQQ.
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Volatility
^VXN vs. SQQQ - Volatility Comparison
CBOE NASDAQ 100 Voltility Index (^VXN) has a higher volatility of 24.88% compared to ProShares UltraPro Short QQQ (SQQQ) at 17.53%. This indicates that ^VXN's price experiences larger fluctuations and is considered to be riskier than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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