AMKR vs VXZ: Correlation
Amkor Technology, Inc. (AMKR) 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 -0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMKR and VXZ?
Across a 3-year window, the weekly returns of AMKR and VXZ correlate at -0.44, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.32) runs above the 3-year figure (-0.44). Stretching to 5 years gives -0.47, with an annualized covariance of -643.0 %².
Out of 17 assets tracked against AMKR, VXZ lands near the bottom at #15. The last year tells two different stories: AMKR led by 128.4 percentage points, +112.3% for AMKR against -16.1% for VXZ. Risk is not evenly split, since AMKR 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.
AMKR vs VXZ: side by side
| AMKR (Amkor Technology, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +112.3% | -16.1% |
| 5-year return | +98.2% | -53.1% |
| Volatility (ann.) | 57.4% | 25.6% |
| Beta vs S&P 500 | 2.24 | -1.31 |
| Max drawdown (3Y) | -65.9% | -36.4% |
| Market cap | $12.9B | – |
| P/E (trailing) | 21.6 | – |
| Dividend yield | 0.69% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMKR | VXZ |
|---|---|---|
| 2022 | -2.3% | +0.5% |
| 2023 | +40.3% | -44.0% |
| 2024 | -20.8% | -12.7% |
| 2025 | +55.9% | +5.7% |
| 2026 | +31.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMKR and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMKR and VXZ?
The AMKR/VXZ correlation stands at -0.44 on a 3-year window (1 year: -0.32, 5 years: -0.47), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for AMKR?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
What does a correlation of -0.44 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/amkr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amkr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMKR correlations · VXZ correlations
