COMP vs VXZ: Correlation
Compass, Inc. (COMP) 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 COMP and VXZ?
Across a 3-year window, the weekly returns of COMP and VXZ correlate at -0.30, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.36 lands near the 3-year figure. Stretching to 5 years gives -0.35, with an annualized covariance of -477.7 %².
VXZ is close to the least connected end of COMP's tracked universe, ranking #13 of 14. The last year tells two different stories: COMP led by 35.7 percentage points, +19.6% for COMP against -16.1% for VXZ. Note the risk asymmetry: COMP runs 2.4 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.
COMP vs VXZ: side by side
| COMP (Compass, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +19.6% | -16.1% |
| 5-year return | -33.6% | -53.1% |
| Volatility (ann.) | 61.9% | 25.6% |
| Beta vs S&P 500 | 1.54 | -1.31 |
| Max drawdown (3Y) | -50.8% | -36.4% |
| Market cap | $8.5B | – |
| P/E (trailing) | 185.0 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COMP | VXZ |
|---|---|---|
| 2022 | -74.4% | +0.5% |
| 2023 | +61.4% | -44.0% |
| 2024 | +55.6% | -12.7% |
| 2025 | +80.7% | +5.7% |
| 2026 | +5.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COMP and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between COMP and VXZ?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.36 over the last year and -0.35 over 5 years.
Is VXZ a good diversifier for COMP?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 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/comp-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/comp-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COMP correlations · VXZ correlations
