CISO vs VXZ: Correlation
Measured on weekly returns over the past three years, CISO Global, Inc. (CISO) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CISO and VXZ?
Over the past 3 years, CISO and VXZ moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -702.7 %².
VXZ is close to the least connected end of CISO's tracked universe, ranking #8 of 10. Their recent paths diverged sharply: over the last 12 months VXZ outperformed by 59.9 percentage points (-76.0% for CISO against -16.1% for VXZ). One caveat on sizing: CISO is 5.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CISO vs VXZ: side by side
| CISO (CISO Global, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -76.0% | -16.1% |
| 5-year return | -99.7% | -53.1% |
| Volatility (ann.) | 130.3% | 25.6% |
| Beta vs S&P 500 | 1.40 | -1.31 |
| Max drawdown (3Y) | -93.9% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CISO | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | -96.0% | -44.0% |
| 2024 | +126.8% | -12.7% |
| 2025 | -86.2% | +5.7% |
| 2026 | -53.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CISO and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between CISO and VXZ?
The CISO/VXZ correlation stands at -0.21 on a 3-year window (1 year: -0.26, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for CISO?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 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/ciso-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ciso-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CISO correlations · VXZ correlations
