ATS vs VXZ: Correlation
How closely do ATS Corporation (ATS) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.37, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATS and VXZ?
On 3 years of weekly data the ATS/VXZ correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.26 versus -0.37 over 3 years. The 5-year figure is -0.39, and annualized covariance runs at -358.4 %².
Out of 10 assets tracked against ATS, VXZ lands near the bottom at #10. The trailing year gives VXZ the advantage: -28.5% versus -16.1%, a 12.4-point spread.
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.
ATS vs VXZ: side by side
| ATS (ATS Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -28.5% | -16.1% |
| 5-year return | -46.0% | -53.1% |
| Volatility (ann.) | 38.0% | 25.6% |
| Beta vs S&P 500 | 1.06 | -1.31 |
| Max drawdown (3Y) | -57.3% | -36.4% |
| Market cap | $1.9B | – |
| P/E (trailing) | 57.1 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATS | VXZ |
|---|---|---|
| 2022 | -22.1% | +0.5% |
| 2023 | +39.2% | -44.0% |
| 2024 | -29.2% | -12.7% |
| 2025 | -9.6% | +5.7% |
| 2026 | -29.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATS and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
FAQ
What is the correlation between ATS and VXZ?
Using weekly returns as of 2026-08-27: -0.37 over 3 years, with -0.26 over the last year and -0.39 over 5 years.
Is VXZ a good diversifier for ATS?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
What does a correlation of -0.37 mean?
On the −1 to +1 scale, -0.37 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ats-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ats-vs-vxz/)
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Related comparisons
Hubs: ATS correlations · VXZ correlations
