CORZ vs VXZ: Correlation
Measured on weekly returns over the past three years, Core Scientific, Inc. (CORZ) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CORZ and VXZ?
Over the past 3 years, CORZ and VXZ moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.23 versus -0.36 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -801.4 %².
Out of 19 assets tracked against CORZ, VXZ lands near the bottom at #18. The last year tells two different stories: CORZ led by 40.2 percentage points, +24.1% for CORZ against -16.1% for VXZ. One caveat on sizing: CORZ is 3.5 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.
CORZ vs VXZ: side by side
| CORZ (Core Scientific, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +24.1% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 89.6% | 25.6% |
| Beta vs S&P 500 | 2.71 | -1.31 |
| Max drawdown (3Y) | -64.9% | -36.4% |
| Market cap | $5.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CORZ | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | – | -44.0% |
| 2024 | – | -12.7% |
| 2025 | +3.6% | +5.7% |
| 2026 | +21.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CORZ and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
FAQ
What is the correlation between CORZ and VXZ?
The CORZ/VXZ correlation stands at -0.36 on a 3-year window (1 year: -0.23, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for CORZ?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
What does a correlation of -0.36 mean?
A reading of -0.36 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/corz-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/corz-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CORZ correlations · VXZ correlations
