AIXC vs VXZ: Correlation
How closely do AIxCrypto Holdings, Inc. (AIXC) 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 -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIXC and VXZ?
Across a 3-year window, the weekly returns of AIXC and VXZ correlate at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. Stretching to 5 years gives -0.15, with an annualized covariance of -567.6 %².
VXZ is close to the least connected end of AIXC's tracked universe, ranking #10 of 11. Correlation aside, the last 12 months split them widely, with VXZ ahead by 37.6 points (-53.7% versus -16.1%). Note the risk asymmetry: AIXC runs 4.4 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.
AIXC vs VXZ: side by side
| AIXC (AIxCrypto Holdings, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -53.7% | -16.1% |
| 5-year return | -99.9% | -53.1% |
| Volatility (ann.) | 111.5% | 25.6% |
| Beta vs S&P 500 | 1.52 | -1.31 |
| Max drawdown (3Y) | -98.8% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIXC | VXZ |
|---|---|---|
| 2022 | -88.0% | +0.5% |
| 2023 | -57.3% | -44.0% |
| 2024 | -84.7% | -12.7% |
| 2025 | -44.4% | +5.7% |
| 2026 | -64.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIXC and VXZ good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AIXC and VXZ?
As of 2026-08-27, the correlation of weekly returns between AIXC and VXZ is -0.20 over 3 years, -0.25 over 1 year and -0.15 over 5 years.
Is VXZ a good diversifier for AIXC?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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/aixc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aixc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIXC correlations · VXZ correlations
