APYX vs VXZ: Correlation
Apyx Medical Corporation (APYX) 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 -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APYX and VXZ?
On 3 years of weekly data the APYX/VXZ correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.14 versus -0.26 over 3 years. The 5-year figure is -0.26, and annualized covariance runs at -573.9 %².
Among the 10 assets we track against APYX, VXZ sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with APYX ahead by 67.6 points (+51.5% versus -16.1%). One caveat on sizing: APYX is 3.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
APYX vs VXZ: side by side
| APYX (Apyx Medical Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +51.5% | -16.1% |
| 5-year return | -73.8% | -53.1% |
| Volatility (ann.) | 85.7% | 25.6% |
| Beta vs S&P 500 | 1.70 | -1.31 |
| Max drawdown (3Y) | -81.6% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APYX | VXZ |
|---|---|---|
| 2022 | -81.7% | +0.5% |
| 2023 | +12.0% | -44.0% |
| 2024 | -39.7% | -12.7% |
| 2025 | +121.5% | +5.7% |
| 2026 | -14.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APYX and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between APYX and VXZ?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with 0.14 over the last year and -0.26 over 5 years.
Is VXZ a good diversifier for APYX?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 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/apyx-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apyx-vs-vxz/)
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Related comparisons
Hubs: APYX correlations · VXZ correlations
