CHPT vs VXZ: Correlation
Measured on weekly returns over the past three years, ChargePoint Holdings, Inc. (CHPT) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHPT and VXZ?
Over the past 3 years, CHPT and VXZ moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.33 over 3. Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -643.0 %².
Out of 16 assets tracked against CHPT, VXZ lands near the bottom at #14. The last year tells two different stories: VXZ led by 33.0 percentage points, -49.1% for CHPT against -16.1% for VXZ. Risk is not evenly split, since CHPT carries 3.0 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.
CHPT vs VXZ: side by side
| CHPT (ChargePoint Holdings, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -49.1% | -16.1% |
| 5-year return | -98.6% | -53.1% |
| Volatility (ann.) | 76.7% | 25.6% |
| Beta vs S&P 500 | 2.40 | -1.31 |
| Max drawdown (3Y) | -97.0% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHPT | VXZ |
|---|---|---|
| 2022 | -50.0% | +0.5% |
| 2023 | -75.4% | -44.0% |
| 2024 | -54.3% | -12.7% |
| 2025 | -69.0% | +5.7% |
| 2026 | -12.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHPT and VXZ good diversifiers for each other?
Yes. With a correlation of -0.33, CHPT and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CHPT and VXZ?
The CHPT/VXZ correlation stands at -0.33 on a 3-year window (1 year: -0.29, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for CHPT?
Yes. With a correlation of -0.33, CHPT and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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/chpt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chpt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHPT correlations · VXZ correlations
