ALKT vs VXZ: Correlation
Alkami Technology, Inc. (ALKT) 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 -0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALKT and VXZ?
On 3 years of weekly data the ALKT/VXZ correlation comes out at -0.40, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.40 over 3. The 5-year figure is -0.41, and annualized covariance runs at -468.6 %².
Among the 11 assets we track against ALKT, VXZ sits near the bottom by co-movement, at rank #11. Twelve-month performance is nearly a tie, at -19.5% for ALKT and -16.1% for VXZ. Risk is not evenly split, since ALKT carries 1.8 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.
ALKT vs VXZ: side by side
| ALKT (Alkami Technology, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -19.5% | -16.1% |
| 5-year return | -28.5% | -53.1% |
| Volatility (ann.) | 45.4% | 25.6% |
| Beta vs S&P 500 | 1.31 | -1.31 |
| Max drawdown (3Y) | -65.4% | -36.4% |
| Market cap | $2.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALKT | VXZ |
|---|---|---|
| 2022 | -27.3% | +0.5% |
| 2023 | +66.2% | -44.0% |
| 2024 | +51.3% | -12.7% |
| 2025 | -37.1% | +5.7% |
| 2026 | -11.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALKT and VXZ good diversifiers for each other?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALKT and VXZ?
The ALKT/VXZ correlation stands at -0.40 on a 3-year window (1 year: -0.32, 5 years: -0.41), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for ALKT?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.40 mean?
On the −1 to +1 scale, -0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alkt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alkt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALKT correlations · VXZ correlations
