AEYE vs VXZ: Correlation
AudioEye, Inc. (AEYE) 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 -0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEYE and VXZ?
On 3 years of weekly data the AEYE/VXZ correlation comes out at -0.43, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.32) than the 3-year average (-0.43). The 5-year figure is -0.39, and annualized covariance runs at -961.6 %².
Among the 17 assets we track against AEYE, VXZ sits near the bottom by co-movement, at rank #17. The last year tells two different stories: VXZ led by 25.3 percentage points, -41.4% for AEYE against -16.1% for VXZ. Note the risk asymmetry: AEYE runs 3.4 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.
AEYE vs VXZ: side by side
| AEYE (AudioEye, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -41.4% | -16.1% |
| 5-year return | -44.5% | -53.1% |
| Volatility (ann.) | 86.5% | 25.6% |
| Beta vs S&P 500 | 2.63 | -1.31 |
| Max drawdown (3Y) | -83.9% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEYE | VXZ |
|---|---|---|
| 2022 | -45.4% | +0.5% |
| 2023 | +41.5% | -44.0% |
| 2024 | +180.6% | -12.7% |
| 2025 | -34.3% | +5.7% |
| 2026 | -28.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEYE and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.43 means the two rarely move for the same reasons.
FAQ
What is the correlation between AEYE and VXZ?
Using weekly returns as of 2026-08-27: -0.43 over 3 years, with -0.32 over the last year and -0.39 over 5 years.
Is VXZ a good diversifier for AEYE?
By historical standards, yes. A correlation of -0.43 means the two rarely move for the same reasons.
What does a correlation of -0.43 mean?
A reading of -0.43 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/aeye-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aeye-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEYE correlations · VXZ correlations
