VXZ vs FIAT

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

VXZ vs FIAT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

VXZ

$36M

Winner

FIAT

$36M

Expense Ratio

Winner

VXZ

0.89%

FIAT

1.05%

Max Drawdown

Winner

VXZ

69.00%

FIAT

91.39%

Sharpe Ratio

VXZ

-0.63

Winner

FIAT

0.14

5Y Beta

VXZ

-1.49

Winner

FIAT

-1.84

VXZ vs FIAT - Historical Returns

Returns include dividend reinvestment.

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

VXZ

-2.79%

Winner

FIAT

+14.63%

VXZ

-5.68%

Winner

FIAT

+10.43%

VXZ

-2.55%

Winner

FIAT

+30.88%

VXZ

-8.27%

Winner

FIAT

-1.53%

5Y(CAGR)

VXZ

-12.63%

FIAT

N/A

10Y(CAGR)

VXZ

-2.66%

FIAT

N/A

Max(CAGR)

Winner

VXZ

-2.66%

FIAT

-23.19%

VXZ vs FIAT - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

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

VXZ vs FIAT Drawdown Comparison

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

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

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

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

Correlation

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

-0.40

-101