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^VXN vs. ^VVIX
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between ^VXN and ^VVIX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.7

Performance

^VXN vs. ^VVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CBOE NASDAQ 100 Voltility Index (^VXN) and CBOE VIX Volatility Index (^VVIX). The values are adjusted to include any dividend payments, if applicable.

-50.00%-40.00%-30.00%-20.00%-10.00%0.00%SeptemberOctoberNovemberDecember2025February
-31.40%
-32.79%
^VXN
^VVIX

Key characteristics

Sharpe Ratio

^VXN:

0.70

^VVIX:

0.18

Sortino Ratio

^VXN:

1.99

^VVIX:

1.14

Omega Ratio

^VXN:

1.23

^VVIX:

1.13

Calmar Ratio

^VXN:

0.95

^VVIX:

0.30

Martin Ratio

^VXN:

2.46

^VVIX:

0.60

Ulcer Index

^VXN:

32.05%

^VVIX:

32.11%

Daily Std Dev

^VXN:

99.57%

^VVIX:

103.76%

Max Drawdown

^VXN:

-87.21%

^VVIX:

-78.10%

Current Drawdown

^VXN:

-75.16%

^VVIX:

-51.40%

Returns By Period

In the year-to-date period, ^VXN achieves a 0.55% return, which is significantly higher than ^VVIX's -3.31% return. Over the past 10 years, ^VXN has outperformed ^VVIX with an annualized return of 0.85%, while ^VVIX has yielded a comparatively lower -0.08% annualized return.


^VXN

YTD

0.55%

1M

4.76%

6M

-31.40%

1Y

14.00%

5Y*

1.70%

10Y*

0.85%

^VVIX

YTD

-3.31%

1M

6.91%

6M

-32.79%

1Y

26.77%

5Y*

1.50%

10Y*

-0.08%

*Annualized

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Risk-Adjusted Performance

^VXN vs. ^VVIX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^VXN
The Risk-Adjusted Performance Rank of ^VXN is 5252
Overall Rank
The Sharpe Ratio Rank of ^VXN is 4444
Sharpe Ratio Rank
The Sortino Ratio Rank of ^VXN is 6565
Sortino Ratio Rank
The Omega Ratio Rank of ^VXN is 5656
Omega Ratio Rank
The Calmar Ratio Rank of ^VXN is 5454
Calmar Ratio Rank
The Martin Ratio Rank of ^VXN is 4343
Martin Ratio Rank

^VVIX
The Risk-Adjusted Performance Rank of ^VVIX is 2727
Overall Rank
The Sharpe Ratio Rank of ^VVIX is 1414
Sharpe Ratio Rank
The Sortino Ratio Rank of ^VVIX is 4242
Sortino Ratio Rank
The Omega Ratio Rank of ^VVIX is 3434
Omega Ratio Rank
The Calmar Ratio Rank of ^VVIX is 2727
Calmar Ratio Rank
The Martin Ratio Rank of ^VVIX is 1515
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

^VXN vs. ^VVIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for CBOE NASDAQ 100 Voltility Index (^VXN) and CBOE VIX Volatility Index (^VVIX). 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.


Sharpe ratio
The chart of Sharpe ratio for ^VXN, currently valued at 0.11, compared to the broader market-0.500.000.501.001.502.002.500.110.18
The chart of Sortino ratio for ^VXN, currently valued at 0.98, compared to the broader market-1.000.001.002.003.000.981.14
The chart of Omega ratio for ^VXN, currently valued at 1.12, compared to the broader market1.001.201.401.601.121.13
The chart of Calmar ratio for ^VXN, currently valued at 0.13, compared to the broader market0.001.002.003.004.000.130.30
The chart of Martin ratio for ^VXN, currently valued at 0.33, compared to the broader market0.005.0010.0015.0020.000.330.60
^VXN
^VVIX

The current ^VXN Sharpe Ratio is 0.70, which is higher than the ^VVIX Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of ^VXN and ^VVIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.200.000.200.400.60SeptemberOctoberNovemberDecember2025February
0.11
0.18
^VXN
^VVIX

Drawdowns

^VXN vs. ^VVIX - Drawdown Comparison

The maximum ^VXN drawdown since its inception was -87.21%, which is greater than ^VVIX's maximum drawdown of -78.10%. Use the drawdown chart below to compare losses from any high point for ^VXN and ^VVIX. For additional features, visit the drawdowns tool.


-80.00%-70.00%-60.00%-50.00%-40.00%-30.00%SeptemberOctoberNovemberDecember2025February
-75.16%
-51.40%
^VXN
^VVIX

Volatility

^VXN vs. ^VVIX - Volatility Comparison

The current volatility for CBOE NASDAQ 100 Voltility Index (^VXN) is 27.17%, while CBOE VIX Volatility Index (^VVIX) has a volatility of 28.68%. This indicates that ^VXN experiences smaller price fluctuations and is considered to be less risky than ^VVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


20.00%30.00%40.00%50.00%SeptemberOctoberNovemberDecember2025February
27.17%
28.68%
^VXN
^VVIX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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