CRBG vs VXZ: Correlation
Measured on weekly returns over the past three years, Corebridge Financial Inc. (CRBG) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.57, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRBG and VXZ?
Across a 3-year window, the weekly returns of CRBG and VXZ correlate at -0.57, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.48 lands near the 3-year figure. Stretching to 5 years gives -0.53, with an annualized covariance of -446.4 %².
Among the 12 assets we track against CRBG, VXZ sits near the bottom by co-movement, at rank #12. Over the last 12 months CRBG came out ahead by 12.6 percentage points (-3.5% against -16.1%).
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.
CRBG vs VXZ: side by side
| CRBG (Corebridge Financial Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -3.5% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 30.6% | 25.6% |
| Beta vs S&P 500 | 1.21 | -1.31 |
| Max drawdown (3Y) | -36.3% | -36.4% |
| Market cap | $14.5B | – |
| P/E (trailing) | 20.8 | – |
| Dividend yield | 3.01% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRBG | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | +25.3% | -44.0% |
| 2024 | +42.8% | -12.7% |
| 2025 | +3.9% | +5.7% |
| 2026 | +10.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRBG and VXZ good diversifiers for each other?
Yes: at -0.57, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CRBG and VXZ?
The CRBG/VXZ correlation stands at -0.57 on a 3-year window (1 year: -0.48, 5 years: -0.53), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for CRBG?
Yes: at -0.57, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.57 mean?
On the −1 to +1 scale, -0.57 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/crbg-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crbg-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRBG correlations · VXZ correlations
