ATCH vs VXZ: Correlation
AtlasClear Holdings, Inc. (ATCH) 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 -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATCH and VXZ?
Across a 3-year window, the weekly returns of ATCH and VXZ correlate at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.23 over 3. Stretching to 5 years gives -0.19, with an annualized covariance of -888.9 %².
VXZ is close to the least connected end of ATCH's tracked universe, ranking #8 of 10. Their recent paths diverged sharply: over the last 12 months ATCH outperformed by 15.1 percentage points (-1.0% for ATCH against -16.1% for VXZ). Note the risk asymmetry: ATCH runs 5.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ATCH vs VXZ: side by side
| ATCH (AtlasClear Holdings, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -1.0% | -16.1% |
| 5-year return | -100.0% | -53.1% |
| Volatility (ann.) | 149.4% | 25.6% |
| Beta vs S&P 500 | 2.52 | -1.31 |
| Max drawdown (3Y) | -100.0% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATCH | VXZ |
|---|---|---|
| 2022 | +1.6% | +0.5% |
| 2023 | -38.3% | -44.0% |
| 2024 | -97.4% | -12.7% |
| 2025 | -97.4% | +5.7% |
| 2026 | -23.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATCH and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between ATCH and VXZ?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.19 over the last year and -0.19 over 5 years.
Is VXZ a good diversifier for ATCH?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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.
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$ curl https://www.pairbook.io/api/v1/pairs/atch-vs-vxz.json
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[](https://www.pairbook.io/pair/atch-vs-vxz/)
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Related comparisons
Hubs: ATCH correlations · VXZ correlations
