FIAT vs VXZ

Comparison between YIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF (FIAT, ETF) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ, ETF).

FIAT vs VXZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FIAT(ETF)	VXZ(ETF)
Net Assets	$36M	$36M
Expense Ratio	1.05%	0.89%
Max Drawdown	91.39%	69.00%
Sharpe Ratio	0.14	-0.63
5Y Beta	-1.84	-1.49

Net Assets

Winner

FIAT

$36M

VXZ

$36M

Expense Ratio

FIAT

1.05%

Winner

VXZ

0.89%

Max Drawdown

FIAT

91.39%

Winner

VXZ

69.00%

Sharpe Ratio

Winner

FIAT

0.14

VXZ

-0.63

5Y Beta

Winner

FIAT

-1.84

VXZ

-1.49

FIAT vs VXZ - Historical Returns

Returns include dividend reinvestment.

Period	FIAT	VXZ
1 month	+14.63%	-2.79%
3 months	+10.43%	-5.68%
6 months	+30.88%	-2.55%
1 year	-1.53%	-8.27%
5 years(CAGR)	N/A	-12.63%
10 years(CAGR)	N/A	-2.66%
Max(CAGR)	-23.19%	-2.66%

Winner

FIAT

+14.63%

VXZ

-2.79%

Winner

FIAT

+10.43%

VXZ

-5.68%

Winner

FIAT

+30.88%

VXZ

-2.55%

Winner

FIAT

-1.53%

VXZ

-8.27%

5Y(CAGR)

FIAT

N/A

VXZ

-12.63%

10Y(CAGR)

FIAT

N/A

VXZ

-2.66%

Max(CAGR)

FIAT

-23.19%

Winner

VXZ

-2.66%

FIAT vs VXZ - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	FIAT	VXZ
2026	+15.68%	+1.35%
2025	-23.87%	+5.13%
2024	-28.97%	-12.29%
2023	N/A	-43.19%
2022	N/A	+1.69%
2021	N/A	-18.73%
2020	N/A	+76.74%
2019	N/A	-19.12%
2018	N/A	+31.89%

FIAT vs VXZ Drawdown Comparison

The maximum drawdown for FIAT was -70.67%, occurring on Jul 18, 2025. This drawdown has not yet recovered.

The maximum drawdown for VXZ was -69.00%, occurring on Nov 29, 2024. This drawdown has not yet recovered.

The current FIAT drawdown is -51.76%. The current VXZ drawdown is -65.01%.

Rank	FIAT	VXZ
#1	-70.67% Sep 6, 2024 - Jul 18, 2025	-69.00% Mar 18, 2020 - Nov 29, 2024
#2	-15.42% Jul 11, 2024 - Aug 1, 2024	-28.77% Apr 4, 2018 - Mar 9, 2020
#3	-5.43% Aug 12, 2024 - Aug 28, 2024	-6.59% Mar 2, 2018 - Apr 2, 2018
#4	-0.64% Aug 7, 2024 - Aug 12, 2024	-6.05% Feb 14, 2018 - Mar 1, 2018
#5	N/A	-4.85% Mar 12, 2020 - Mar 16, 2020
#6	N/A	-3.49% Mar 9, 2020 - Mar 11, 2020
#7	N/A	-1.07% Jan 18, 2018 - Jan 23, 2018

Correlation

Correlation between FIAT and VXZ is -0.40 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.40

-101