CHTR vs VXZ: Correlation
Charter Communications (CHTR) 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 -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHTR and VXZ?
Over the past 3 years, CHTR and VXZ moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.19 lands near the 3-year figure. Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -279.5 %².
VXZ is close to the least connected end of CHTR's tracked universe, ranking #34 of 35. Correlation aside, the last 12 months split them widely, with VXZ ahead by 28.8 points (-44.9% versus -16.1%). Note the risk asymmetry: CHTR runs 1.6 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.
CHTR vs VXZ: side by side
| CHTR (Charter Communications) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -44.9% | -16.1% |
| 5-year return | -81.8% | -53.1% |
| Volatility (ann.) | 41.3% | 25.6% |
| Beta vs S&P 500 | 0.74 | -1.31 |
| Max drawdown (3Y) | -72.9% | -36.4% |
| Market cap | $20.0B | – |
| P/E (trailing) | 4.0 | – |
| Dividend yield | 0.00% | – |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | CHTR | VXZ |
|---|---|---|
| 2022 | -48.0% | +0.5% |
| 2023 | +14.6% | -44.0% |
| 2024 | -11.8% | -12.7% |
| 2025 | -39.1% | +5.7% |
| 2026 | -28.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHTR and VXZ good diversifiers for each other?
Yes. With a correlation of -0.26, CHTR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CHTR and VXZ?
The CHTR/VXZ correlation stands at -0.26 on a 3-year window (1 year: -0.19, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for CHTR?
Yes. With a correlation of -0.26, CHTR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/chtr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chtr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHTR correlations · VXZ correlations
