AUDC vs VXZ: Correlation
AudioCodes Ltd. (AUDC) 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 -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUDC and VXZ?
On 3 years of weekly data the AUDC/VXZ correlation comes out at -0.36, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.19 versus -0.36 over 3 years. The 5-year figure is -0.35, and annualized covariance runs at -419.1 %².
Among the 12 assets we track against AUDC, VXZ sits near the bottom by co-movement, at rank #12. The last year tells two different stories: AUDC led by 30.0 percentage points, +13.9% for AUDC against -16.1% for VXZ. Risk is not evenly split, since AUDC carries 1.8 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.
AUDC vs VXZ: side by side
| AUDC (AudioCodes Ltd.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +13.9% | -16.1% |
| 5-year return | -62.9% | -53.1% |
| Volatility (ann.) | 45.8% | 25.6% |
| Beta vs S&P 500 | 1.24 | -1.31 |
| Max drawdown (3Y) | -46.4% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | 40.9 | – |
| Dividend yield | 3.98% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUDC | VXZ |
|---|---|---|
| 2022 | -47.8% | +0.5% |
| 2023 | -30.7% | -44.0% |
| 2024 | -16.8% | -12.7% |
| 2025 | -7.1% | +5.7% |
| 2026 | +22.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUDC and VXZ good diversifiers for each other?
Yes. With a correlation of -0.36, AUDC and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AUDC and VXZ?
As of 2026-08-27, the correlation of weekly returns between AUDC and VXZ is -0.36 over 3 years, -0.19 over 1 year and -0.35 over 5 years.
Is VXZ a good diversifier for AUDC?
Yes. With a correlation of -0.36, AUDC and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 mean?
A reading of -0.36 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/audc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/audc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AUDC correlations · VXZ correlations
