BRKR vs VXZ: Correlation
Measured on weekly returns over the past three years, Bruker Corporation (BRKR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRKR and VXZ?
On 3 years of weekly data the BRKR/VXZ correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.22 over 3. The 5-year figure is -0.29, and annualized covariance runs at -282.3 %².
VXZ is close to the least connected end of BRKR's tracked universe, ranking #11 of 13. Correlation aside, the last 12 months split them widely, with BRKR ahead by 93.4 points (+77.3% versus -16.1%). Note the risk asymmetry: BRKR runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BRKR vs VXZ: side by side
| BRKR (Bruker Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +77.3% | -16.1% |
| 5-year return | -32.8% | -53.1% |
| Volatility (ann.) | 49.5% | 25.6% |
| Beta vs S&P 500 | 1.17 | -1.31 |
| Max drawdown (3Y) | -68.7% | -36.4% |
| Market cap | $9.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.35% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRKR | VXZ |
|---|---|---|
| 2022 | -18.3% | +0.5% |
| 2023 | +7.8% | -44.0% |
| 2024 | -20.0% | -12.7% |
| 2025 | -19.2% | +5.7% |
| 2026 | +26.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRKR and VXZ good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BRKR and VXZ?
The BRKR/VXZ correlation stands at -0.22 on a 3-year window (1 year: -0.28, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for BRKR?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brkr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brkr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRKR correlations · VXZ correlations
