ABTC vs VXZ: Correlation
How closely do American Bitcoin Corp. (ABTC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTC and VXZ?
Over the past 3 years, ABTC and VXZ moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.17) runs above the 3-year figure (-0.29). Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -1230.5 %².
VXZ is close to the least connected end of ABTC's tracked universe, ranking #11 of 13. Correlation aside, the last 12 months split them widely, with VXZ ahead by 74.2 points (-90.3% versus -16.1%). Note the risk asymmetry: ABTC runs 6.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ABTC vs VXZ: side by side
| ABTC (American Bitcoin Corp.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -90.3% | -16.1% |
| 5-year return | -100.0% | -53.1% |
| Volatility (ann.) | 163.6% | 25.6% |
| Beta vs S&P 500 | 4.24 | -1.31 |
| Max drawdown (3Y) | -99.3% | -36.4% |
| Market cap | $1.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABTC | VXZ |
|---|---|---|
| 2022 | -98.0% | +0.5% |
| 2023 | -37.0% | -44.0% |
| 2024 | -95.4% | -12.7% |
| 2025 | -15.2% | +5.7% |
| 2026 | -65.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTC and VXZ good diversifiers for each other?
Yes. With a correlation of -0.29, ABTC and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABTC and VXZ?
The ABTC/VXZ correlation stands at -0.29 on a 3-year window (1 year: -0.17, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for ABTC?
Yes. With a correlation of -0.29, ABTC and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abtc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abtc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABTC correlations · VXZ correlations
