AUR vs VXZ: Correlation
Aurora Innovation, Inc. (AUR) 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 -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUR and VXZ?
On 3 years of weekly data the AUR/VXZ correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. The 5-year figure is -0.36, and annualized covariance runs at -595.1 %².
Out of 13 assets tracked against AUR, VXZ lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with AUR ahead by 15.6 points (-0.5% versus -16.1%). Risk is not evenly split, since AUR carries 3.2 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.
AUR vs VXZ: side by side
| AUR (Aurora Innovation, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -0.5% | -16.1% |
| 5-year return | -42.3% | -53.1% |
| Volatility (ann.) | 81.8% | 25.6% |
| Beta vs S&P 500 | 2.61 | -1.31 |
| Max drawdown (3Y) | -63.0% | -36.4% |
| Market cap | $11.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUR | VXZ |
|---|---|---|
| 2022 | -89.3% | +0.5% |
| 2023 | +261.2% | -44.0% |
| 2024 | +44.2% | -12.7% |
| 2025 | -39.0% | +5.7% |
| 2026 | +48.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUR and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between AUR and VXZ?
As of 2026-08-27, the correlation of weekly returns between AUR and VXZ is -0.28 over 3 years, -0.29 over 1 year and -0.36 over 5 years.
Is VXZ a good diversifier for AUR?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/aur-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aur-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AUR correlations · VXZ correlations
