BATRA vs VXZ: Correlation
Atlanta Braves Holdings, Inc. - Series A (BATRA) 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 -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATRA and VXZ?
On 3 years of weekly data the BATRA/VXZ correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.12 versus -0.30 over 3 years. The 5-year figure is -0.34, and annualized covariance runs at -143.5 %².
Among the 12 assets we track against BATRA, VXZ sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months BATRA outperformed by 34.0 percentage points (+17.9% for BATRA against -16.1% for VXZ).
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.
BATRA vs VXZ: side by side
| BATRA (Atlanta Braves Holdings, Inc. - Series A) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +17.9% | -16.1% |
| 5-year return | +113.7% | -53.1% |
| Volatility (ann.) | 18.8% | 25.6% |
| Beta vs S&P 500 | 0.46 | -1.31 |
| Max drawdown (3Y) | -16.6% | -36.4% |
| Market cap | $3.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BATRA | VXZ |
|---|---|---|
| 2022 | +13.6% | +0.5% |
| 2023 | +30.9% | -44.0% |
| 2024 | -4.6% | -12.7% |
| 2025 | +4.1% | +5.7% |
| 2026 | +31.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATRA and VXZ good diversifiers for each other?
Yes. With a correlation of -0.30, BATRA and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BATRA and VXZ?
As of 2026-08-27, the correlation of weekly returns between BATRA and VXZ is -0.30 over 3 years, -0.12 over 1 year and -0.34 over 5 years.
Is VXZ a good diversifier for BATRA?
Yes. With a correlation of -0.30, BATRA and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
A reading of -0.30 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/batra-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/batra-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BATRA correlations · VXZ correlations
