APH vs VXZ: Correlation
Measured on weekly returns over the past three years, Amphenol (APH) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.58, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APH and VXZ?
Over the past 3 years, APH and VXZ moved with a correlation of -0.58, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.51 lands near the 3-year figure. Over 5 years the correlation is -0.58, and the annualized covariance of weekly returns is -500.7 %².
VXZ is close to the least connected end of APH's tracked universe, ranking #36 of 38. Their recent paths diverged sharply: over the last 12 months APH outperformed by 63.6 percentage points (+47.5% for APH 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.
APH vs VXZ: side by side
| APH (Amphenol) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +47.5% | -16.1% |
| 5-year return | +338.9% | -53.1% |
| Volatility (ann.) | 33.6% | 25.6% |
| Beta vs S&P 500 | 1.57 | -1.31 |
| Max drawdown (3Y) | -28.2% | -36.4% |
| Market cap | $199.0B | – |
| P/E (trailing) | 40.3 | – |
| Dividend yield | 0.57% | – |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | APH | VXZ |
|---|---|---|
| 2022 | -12.0% | +0.5% |
| 2023 | +31.5% | -44.0% |
| 2024 | +41.3% | -12.7% |
| 2025 | +96.1% | +5.7% |
| 2026 | +19.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APH and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.58 means the two rarely move for the same reasons.
FAQ
What is the correlation between APH and VXZ?
As of 2026-08-27, the correlation of weekly returns between APH and VXZ is -0.58 over 3 years, -0.51 over 1 year and -0.58 over 5 years.
Is VXZ a good diversifier for APH?
By historical standards, yes. A correlation of -0.58 means the two rarely move for the same reasons.
What does a correlation of -0.58 mean?
A reading of -0.58 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aph-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aph-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APH correlations · VXZ correlations
