ADAM vs VXZ: Correlation
Adamas Trust, Inc. (ADAM) 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 -0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADAM and VXZ?
On 3 years of weekly data the ADAM/VXZ correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.37) sits close to the 3-year figure. The 5-year figure is -0.43, and annualized covariance runs at -313.0 %².
Among the 12 assets we track against ADAM, VXZ sits near the bottom by co-movement, at rank #11. The last year tells two different stories: ADAM led by 73.3 percentage points, +57.2% for ADAM against -16.1% for VXZ.
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.
ADAM vs VXZ: side by side
| ADAM (Adamas Trust, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +57.2% | -16.1% |
| 5-year return | +6.4% | -53.1% |
| Volatility (ann.) | 32.7% | 25.6% |
| Beta vs S&P 500 | 0.82 | -1.31 |
| Max drawdown (3Y) | -38.7% | -36.4% |
| Market cap | $0.9B | – |
| P/E (trailing) | 5.8 | – |
| Dividend yield | 9.83% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADAM | VXZ |
|---|---|---|
| 2022 | -20.8% | +0.5% |
| 2023 | -5.5% | -44.0% |
| 2024 | -19.3% | -12.7% |
| 2025 | +36.5% | +5.7% |
| 2026 | +43.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADAM and VXZ good diversifiers for each other?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ADAM and VXZ?
The ADAM/VXZ correlation stands at -0.37 on a 3-year window (1 year: -0.37, 5 years: -0.43), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for ADAM?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.37 mean?
On the −1 to +1 scale, -0.37 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/adam-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adam-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADAM correlations · VXZ correlations
