ARLO vs VXZ: Correlation
Arlo Technologies, Inc. (ARLO) 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 -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARLO and VXZ?
On 3 years of weekly data the ARLO/VXZ correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.24 versus -0.38 over 3 years. The 5-year figure is -0.25, and annualized covariance runs at -598.9 %².
VXZ is close to the least connected end of ARLO's tracked universe, ranking #12 of 13. On 12-month performance VXZ holds a 9.6-point edge, -25.7% against -16.1%. Risk is not evenly split, since ARLO carries 2.4 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.
ARLO vs VXZ: side by side
| ARLO (Arlo Technologies, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -25.7% | -16.1% |
| 5-year return | +113.6% | -53.1% |
| Volatility (ann.) | 61.4% | 25.6% |
| Beta vs S&P 500 | 1.84 | -1.31 |
| Max drawdown (3Y) | -50.8% | -36.4% |
| Market cap | $1.4B | – |
| P/E (trailing) | 46.7 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARLO | VXZ |
|---|---|---|
| 2022 | -66.5% | +0.5% |
| 2023 | +171.2% | -44.0% |
| 2024 | +17.5% | -12.7% |
| 2025 | +25.0% | +5.7% |
| 2026 | -6.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARLO and VXZ good diversifiers for each other?
Yes. With a correlation of -0.38, ARLO and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ARLO and VXZ?
As of 2026-08-27, the correlation of weekly returns between ARLO and VXZ is -0.38 over 3 years, -0.24 over 1 year and -0.25 over 5 years.
Is VXZ a good diversifier for ARLO?
Yes. With a correlation of -0.38, ARLO and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.38 mean?
A reading of -0.38 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/arlo-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arlo-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARLO correlations · VXZ correlations
