CRUS vs VXZ: Correlation
How closely do Cirrus Logic, Inc. (CRUS) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.43, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRUS and VXZ?
On 3 years of weekly data the CRUS/VXZ correlation comes out at -0.43, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.24) runs above the 3-year figure (-0.43). The 5-year figure is -0.42, and annualized covariance runs at -414.7 %².
VXZ is close to the least connected end of CRUS's tracked universe, ranking #13 of 14. On 12-month performance CRUS holds a 10.7-point edge, -5.4% 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.
CRUS vs VXZ: side by side
| CRUS (Cirrus Logic, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -5.4% | -16.1% |
| 5-year return | +29.6% | -53.1% |
| Volatility (ann.) | 37.5% | 25.6% |
| Beta vs S&P 500 | 1.34 | -1.31 |
| Max drawdown (3Y) | -46.9% | -36.4% |
| Market cap | $5.6B | – |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRUS | VXZ |
|---|---|---|
| 2022 | -19.1% | +0.5% |
| 2023 | +11.7% | -44.0% |
| 2024 | +19.7% | -12.7% |
| 2025 | +19.0% | +5.7% |
| 2026 | -6.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRUS and VXZ good diversifiers for each other?
Yes. With a correlation of -0.43, CRUS and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRUS and VXZ?
The CRUS/VXZ correlation stands at -0.43 on a 3-year window (1 year: -0.24, 5 years: -0.42), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for CRUS?
Yes. With a correlation of -0.43, CRUS and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.43 mean?
A reading of -0.43 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/crus-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crus-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRUS correlations · VXZ correlations
