^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.
Correlation
The correlation between ^VXN and SQQQ is 0.71, 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
^VXN vs. SQQQ - Performance Comparison
Key characteristics
^VXN:
0.44
SQQQ:
-0.36
^VXN:
1.59
SQQQ:
-0.05
^VXN:
1.18
SQQQ:
0.99
^VXN:
0.59
SQQQ:
-0.27
^VXN:
1.40
SQQQ:
-0.68
^VXN:
35.11%
SQQQ:
39.24%
^VXN:
112.44%
SQQQ:
73.91%
^VXN:
-87.21%
SQQQ:
-100.00%
^VXN:
-59.29%
SQQQ:
-100.00%
Returns By Period
In the year-to-date period, ^VXN achieves a 64.81% return, which is significantly higher than SQQQ's 25.90% return. Over the past 10 years, ^VXN has outperformed SQQQ with an annualized return of 8.24%, while SQQQ has yielded a comparatively lower -50.29% annualized return.
^VXN
64.81%
27.00%
43.68%
47.82%
-3.06%
8.24%
SQQQ
25.90%
3.60%
10.95%
-29.38%
-50.94%
-50.29%
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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.
Drawdowns
^VXN vs. SQQQ - Drawdown Comparison
The maximum ^VXN drawdown since its inception was -87.21%, 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. For additional features, visit the drawdowns tool.
Volatility
^VXN vs. SQQQ - Volatility Comparison
The current volatility for CBOE NASDAQ 100 Voltility Index (^VXN) is 50.20%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 54.28%. This indicates that ^VXN experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.