AIZ vs VXZ: Correlation
Measured on weekly returns over the past three years, Assurant (AIZ) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.45, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIZ and VXZ?
Across a 3-year window, the weekly returns of AIZ and VXZ correlate at -0.45, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.24) runs above the 3-year figure (-0.45). Stretching to 5 years gives -0.39, with an annualized covariance of -249.2 %².
Among the 34 assets we track against AIZ, VXZ sits near the bottom by co-movement, at rank #34. The last year tells two different stories: AIZ led by 50.2 percentage points, +34.1% for AIZ against -16.1% for VXZ.
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.
AIZ vs VXZ: side by side
| AIZ (Assurant) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +34.1% | -16.1% |
| 5-year return | +83.5% | -53.1% |
| Volatility (ann.) | 21.5% | 25.6% |
| Beta vs S&P 500 | 0.60 | -1.31 |
| Max drawdown (3Y) | -20.8% | -36.4% |
| Market cap | $14.1B | – |
| P/E (trailing) | 13.8 | – |
| Dividend yield | 1.19% | – |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AIZ | VXZ |
|---|---|---|
| 2022 | -18.3% | +0.5% |
| 2023 | +37.5% | -44.0% |
| 2024 | +28.5% | -12.7% |
| 2025 | +14.7% | +5.7% |
| 2026 | +19.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIZ and VXZ good diversifiers for each other?
Yes. With a correlation of -0.45, AIZ and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AIZ and VXZ?
The AIZ/VXZ correlation stands at -0.45 on a 3-year window (1 year: -0.24, 5 years: -0.39), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for AIZ?
Yes. With a correlation of -0.45, AIZ and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.45 mean?
A reading of -0.45 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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$ curl https://www.pairbook.io/api/v1/pairs/aiz-vs-vxz.json
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[](https://www.pairbook.io/pair/aiz-vs-vxz/)
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Related comparisons
Hubs: AIZ correlations · VXZ correlations
