ALTI vs VXZ: Correlation
Measured on weekly returns over the past three years, AlTi Global, Inc. (ALTI) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALTI and VXZ?
On 3 years of weekly data the ALTI/VXZ correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. The 5-year figure is -0.21, and annualized covariance runs at -441.3 %².
Out of 13 assets tracked against ALTI, VXZ lands near the bottom at #13. On 12-month performance ALTI holds a 7.8-point edge, -8.3% against -16.1%. Risk is not evenly split, since ALTI carries 2.2 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.
ALTI vs VXZ: side by side
| ALTI (AlTi Global, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -8.3% | -16.1% |
| 5-year return | -58.9% | -53.1% |
| Volatility (ann.) | 56.3% | 25.6% |
| Beta vs S&P 500 | 1.23 | -1.31 |
| Max drawdown (3Y) | -72.2% | -36.4% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALTI | VXZ |
|---|---|---|
| 2022 | +10.4% | +0.5% |
| 2023 | -19.7% | -44.0% |
| 2024 | -49.7% | -12.7% |
| 2025 | +5.2% | +5.7% |
| 2026 | -14.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALTI and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALTI and VXZ?
As of 2026-08-27, the correlation of weekly returns between ALTI and VXZ is -0.31 over 3 years, -0.26 over 1 year and -0.21 over 5 years.
Is VXZ a good diversifier for ALTI?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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/alti-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alti-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALTI correlations · VXZ correlations
