AZ vs VXX: Correlation
Measured on weekly returns over the past three years, A2Z Cust2Mate Solutions Corp. (AZ) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AZ and VXX?
Over the past 3 years, AZ and VXX moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.17). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -1008.7 %².
Out of 11 assets tracked against AZ, VXX lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months AZ outperformed by 24.2 percentage points (-25.5% for AZ against -49.7% for VXX). Risk is not evenly split, since AZ carries 1.6 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.
AZ vs VXX: side by side
| AZ (A2Z Cust2Mate Solutions Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -25.5% | -49.7% |
| 5-year return | -49.4% | -95.6% |
| Volatility (ann.) | 97.5% | 60.9% |
| Beta vs S&P 500 | 1.35 | -3.31 |
| Max drawdown (3Y) | -85.0% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AZ | VXX |
|---|---|---|
| 2022 | -88.3% | -23.8% |
| 2023 | +7.9% | -72.5% |
| 2024 | +93.3% | -26.2% |
| 2025 | -1.7% | -42.2% |
| 2026 | +1.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AZ and VXX good diversifiers for each other?
Yes. With a correlation of -0.17, AZ and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AZ and VXX?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.35 over the last year and -0.17 over 5 years.
Is VXX a good diversifier for AZ?
Yes. With a correlation of -0.17, AZ and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/az-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/az-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AZ correlations · VXX correlations
