ABAT vs VXZ: Correlation
American Battery Technology Company (ABAT) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABAT and VXZ?
Over the past 3 years, ABAT and VXZ moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -774.7 %².
Out of 29 assets tracked against ABAT, VXZ lands near the bottom at #28. The last year tells two different stories: ABAT led by 18.2 percentage points, +2.1% for ABAT against -16.1% for VXZ. One caveat on sizing: ABAT is 6.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ABAT vs VXZ: side by side
| ABAT (American Battery Technology Company) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +2.1% | -16.1% |
| 5-year return | -88.8% | -53.1% |
| Volatility (ann.) | 153.9% | 25.6% |
| Beta vs S&P 500 | 2.08 | -1.31 |
| Max drawdown (3Y) | -93.2% | -36.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABAT | VXZ |
|---|---|---|
| 2022 | -62.0% | +0.5% |
| 2023 | -23.2% | -44.0% |
| 2024 | -47.5% | -12.7% |
| 2025 | +35.8% | +5.7% |
| 2026 | -19.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABAT and VXZ good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABAT and VXZ?
As of 2026-08-27, the correlation of weekly returns between ABAT and VXZ is -0.20 over 3 years, -0.26 over 1 year and -0.20 over 5 years.
Is VXZ a good diversifier for ABAT?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abat-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abat-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABAT correlations · VXZ correlations
