VXX vs VXX

iPath Series B S&P 500 VIX Short-Term Futures ETN against iPath Series B S&P 500 VIX Short-Term Futures ETN: 4 years of returns, risk and today’s technical read, from Kavout’s own data.

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VXXiPath Series B S&P 500 VIX Short-Term Futures ETN

$65

-93.5% since Oct 28, 2022

$18.72 today+1.3%

VXXiPath Series B S&P 500 VIX Short-Term Futures ETN

$65

-93.5% since Oct 28, 2022

$18.72 today+1.3%

Growth of $1,000adjusted closes, dividends included

VXXVXX1000 trading days, Kavout market data

The short answer

VXX and VXX performed identically over the 1,000 trading days from October 28, 2022 to October 23, 2026. A $1,000 investment would be worth $65 today, representing a -93.5% total return. Neither fund outperformed: VXX beat VXX in 0 of the last 48 months, while VXX won the other 48, with a typical monthly gap of 0.00 points. Their daily-move correlation was 1.000, and VXX moved 1.00% for every 1% move in VXX. The result matters because there was no diversification or performance advantage between the two identical exposures. VXX carried substantial risk, including 53.3% volatility over the last 12 months and a worst drawdown of -94.3% from November 9, 2022 to October 13, 2026. Its recent returns were also weak: -81.3% over three years and -45.3% over one year.

VXXiPath Series B S&P 500 VIX Short-Term Futures ETN

$18.72+1.3% today

Price is below its 200-day average ($25); 50-day at $18.
RSI 60, neutral. Supertrend says buy. ADX 27, so the trend is strong.

ADX BullishSupertrend BullishOutperforming the market (SPY)ATR Expansion BuyOBV Rising

VXXiPath Series B S&P 500 VIX Short-Term Futures ETN

$18.72+1.3% today

Price is below its 200-day average ($25); 50-day at $18.
RSI 60, neutral. Supertrend says buy. ADX 27, so the trend is strong.

ADX BullishSupertrend BullishOutperforming the market (SPY)ATR Expansion BuyOBV Rising

Head to head

Which has returned more, VXX or VXX?

VXX beat VXX in 0 of the last 48 months; VXX won the other 48. The typical monthly gap was 0.00 points.

Total return by period

VXXVXX

1 month

+6.5%

3 months

-15.7%

6 months

-37.2%

YTD

-29.5%

1 year

-45.3%

3 years

-81.3%

Since 2022-10

-93.5%

Which is riskier?

Volatility, last 12 months

53.3%

Worst drawdown since 2022

-94.3%

Both: Nov 9, 2022 to Oct 13, 2026

1.000
correlation of daily moves, 4 years: 1.00
VXX move per 1% in VXX: 1.000
correlation, last 12 months

Month by month

VXX led 0

VXX led 48

Of the last 48 months. The typical gap was 0.00 points.

When did they diverge?

Month	VXX	VXX	Gap
July 2024	+5.9%	+5.9%	+0.00 pts
August 2024	-3.8%	-3.8%	+0.00 pts
September 2026	-2.2%	-2.2%	+0.00 pts
October 2026	+6.3%	+6.3%	+0.00 pts

Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.

Holdings and fees