ProShares VIX Mid-Term Futures ETF (VIXM) — Stock Correlations & Overview
Over the past year, VIXM has moved most closely with VXZ, UVIX, VIXY. Explore the stocks most correlated and inversely correlated with VIXM below, along with its price, financials, and company profile.
Stocks correlated with VIXM
Correlation of daily returns. Higher positive values move with VIXM; negative values move opposite it. Informational only, not investment advice.
Most correlated with VIXM
| Symbol | Company | Correlation |
|---|---|---|
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | 0.96 |
| UVIX | 2x Long VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 0.90 |
| VIXY | ProShares VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 0.90 |
| UVXY | ProShares Ultra VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 0.90 |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | 0.90 |
Most inversely correlated with VIXM
| Symbol | Company | Correlation |
|---|---|---|
| SVIX | -1x Short VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.90 |
| SVXY | ProShares Short VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.89 |
| VYLD | Inverse VIX Short-Term Futures ETNs due March 22, 2045NATIONAL COMMERCIAL BANKS | -0.89 |
| XAUG | FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August | -0.81 |
| XTOC | Innovator U.S. Equity Accelerated Plus ETF - October | -0.80 |
Frequently asked questions about VIXM correlations
- Which stocks are most correlated with VIXM?
- Based on one year of daily returns, the stocks most correlated with ProShares VIX Mid-Term Futures ETF (VIXM) are VXZ (0.96), UVIX (0.90) and VIXY (0.90). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with VIXM?
- Over the past year, the stocks most inversely correlated with ProShares VIX Mid-Term Futures ETF (VIXM) are SVIX (-0.90), SVXY (-0.89) and VYLD (-0.89). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these VIXM correlations calculated?
- We compute the correlation of daily returns between VIXM and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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