CRSR vs VXZ: Correlation
Corsair Gaming, Inc. (CRSR) 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 -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRSR and VXZ?
Across a 3-year window, the weekly returns of CRSR and VXZ correlate at -0.38, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. Stretching to 5 years gives -0.38, with an annualized covariance of -682.6 %².
Out of 19 assets tracked against CRSR, VXZ lands near the bottom at #17. Their recent paths diverged sharply: over the last 12 months CRSR outperformed by 51.6 percentage points (+35.5% for CRSR against -16.1% for VXZ). One caveat on sizing: CRSR is 2.8 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.
CRSR vs VXZ: side by side
| CRSR (Corsair Gaming, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +35.5% | -16.1% |
| 5-year return | -57.7% | -53.1% |
| Volatility (ann.) | 71.0% | 25.6% |
| Beta vs S&P 500 | 2.22 | -1.31 |
| Max drawdown (3Y) | -71.3% | -36.4% |
| Market cap | $1.3B | – |
| P/E (trailing) | 38.6 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRSR | VXZ |
|---|---|---|
| 2022 | -35.4% | +0.5% |
| 2023 | +3.9% | -44.0% |
| 2024 | -53.1% | -12.7% |
| 2025 | -10.1% | +5.7% |
| 2026 | +101.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRSR and VXZ good diversifiers for each other?
Yes. With a correlation of -0.38, CRSR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRSR and VXZ?
Using weekly returns as of 2026-08-27: -0.38 over 3 years, with -0.30 over the last year and -0.38 over 5 years.
Is VXZ a good diversifier for CRSR?
Yes. With a correlation of -0.38, CRSR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.38 mean?
A reading of -0.38 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/crsr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crsr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRSR correlations · VXZ correlations
