ADEA vs VXZ: Correlation
Measured on weekly returns over the past three years, Adeia Inc. (ADEA) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADEA and VXZ?
On 3 years of weekly data the ADEA/VXZ correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.16) runs above the 3-year figure (-0.30). The 5-year figure is -0.31, and annualized covariance runs at -366.0 %².
Among the 12 assets we track against ADEA, VXZ sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with ADEA ahead by 86.3 points (+70.2% versus -16.1%). One caveat on sizing: ADEA is 1.9 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.
ADEA vs VXZ: side by side
| ADEA (Adeia Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +70.2% | -16.1% |
| 5-year return | +208.1% | -53.1% |
| Volatility (ann.) | 48.4% | 25.6% |
| Beta vs S&P 500 | 1.10 | -1.31 |
| Max drawdown (3Y) | -34.8% | -36.4% |
| Market cap | $2.9B | – |
| P/E (trailing) | 24.1 | – |
| Dividend yield | 0.77% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADEA | VXZ |
|---|---|---|
| 2022 | +18.5% | +0.5% |
| 2023 | +33.5% | -44.0% |
| 2024 | +14.8% | -12.7% |
| 2025 | +25.2% | +5.7% |
| 2026 | +52.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADEA and VXZ good diversifiers for each other?
Yes. With a correlation of -0.30, ADEA and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ADEA and VXZ?
As of 2026-08-27, the correlation of weekly returns between ADEA and VXZ is -0.30 over 3 years, -0.16 over 1 year and -0.31 over 5 years.
Is VXZ a good diversifier for ADEA?
Yes. With a correlation of -0.30, ADEA and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/adea-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adea-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADEA correlations · VXZ correlations
