AGNT vs VXZ: Correlation
How closely do AGNT, Inc. (AGNT) 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 -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGNT and VXZ?
On 3 years of weekly data the AGNT/VXZ correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.26 over 3. The 5-year figure is -0.37, and annualized covariance runs at -336.4 %².
Among the 18 assets we track against AGNT, VXZ sits near the bottom by co-movement, at rank #15. Their recent paths diverged sharply: over the last 12 months VXZ outperformed by 43.5 percentage points (-59.6% for AGNT against -16.1% for VXZ). Risk is not evenly split, since AGNT carries 2.0 times the volatility of the other side.
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.
AGNT vs VXZ: side by side
| AGNT (AGNT, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -59.6% | -16.1% |
| 5-year return | -89.6% | -53.1% |
| Volatility (ann.) | 51.5% | 25.6% |
| Beta vs S&P 500 | 0.87 | -1.31 |
| Max drawdown (3Y) | -79.2% | -36.4% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.57% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGNT | VXZ |
|---|---|---|
| 2022 | -66.7% | +0.5% |
| 2023 | +42.0% | -44.0% |
| 2024 | -24.6% | -12.7% |
| 2025 | -19.7% | +5.7% |
| 2026 | -52.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGNT and VXZ good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AGNT and VXZ?
As of 2026-08-27, the correlation of weekly returns between AGNT and VXZ is -0.26 over 3 years, -0.28 over 1 year and -0.37 over 5 years.
Is VXZ a good diversifier for AGNT?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agnt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agnt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGNT correlations · VXZ correlations
