AIOS vs VXZ: Correlation
How closely do AIOS Tech Inc. - Class A (AIOS) 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 -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIOS and VXZ?
Over the past 3 years, AIOS and VXZ moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.13 lands near the 3-year figure. Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -612.3 %².
Out of 14 assets tracked against AIOS, VXZ lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with VXZ ahead by 62.5 points (-78.6% versus -16.1%). Note the risk asymmetry: AIOS runs 6.0 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.
AIOS vs VXZ: side by side
| AIOS (AIOS Tech Inc. - Class A) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -78.6% | -16.1% |
| 5-year return | -99.1% | -53.1% |
| Volatility (ann.) | 153.4% | 25.6% |
| Beta vs S&P 500 | 1.61 | -1.31 |
| Max drawdown (3Y) | -98.1% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIOS | VXZ |
|---|---|---|
| 2022 | -82.2% | +0.5% |
| 2023 | -29.8% | -44.0% |
| 2024 | +67.7% | -12.7% |
| 2025 | -84.1% | +5.7% |
| 2026 | -21.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIOS and VXZ good diversifiers for each other?
Yes. With a correlation of -0.16, AIOS and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AIOS and VXZ?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.13 over the last year and -0.22 over 5 years.
Is VXZ a good diversifier for AIOS?
Yes. With a correlation of -0.16, AIOS and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
A reading of -0.16 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/aios-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aios-vs-vxz/)
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Related comparisons
Hubs: AIOS correlations · VXZ correlations
