CSCO vs VXZ: Correlation
Cisco (CSCO) 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 -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSCO and VXZ?
On 3 years of weekly data the CSCO/VXZ correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.02) runs above the 3-year figure (-0.29). The 5-year figure is -0.33, and annualized covariance runs at -194.4 %².
Out of 30 assets tracked against CSCO, VXZ lands near the bottom at #28. Their recent paths diverged sharply: over the last 12 months CSCO outperformed by 83.4 percentage points (+67.3% for CSCO against -16.1% for VXZ).
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.
CSCO vs VXZ: side by side
| CSCO (Cisco) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +67.3% | -16.1% |
| 5-year return | +118.1% | -53.1% |
| Volatility (ann.) | 26.4% | 25.6% |
| Beta vs S&P 500 | 0.84 | -1.31 |
| Max drawdown (3Y) | -20.2% | -36.4% |
| Market cap | $442.0B | – |
| P/E (trailing) | 33.8 | – |
| Dividend yield | 1.48% | – |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CSCO | VXZ |
|---|---|---|
| 2022 | -22.5% | +0.5% |
| 2023 | +9.3% | -44.0% |
| 2024 | +21.0% | -12.7% |
| 2025 | +33.5% | +5.7% |
| 2026 | +47.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSCO and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between CSCO and VXZ?
The CSCO/VXZ correlation stands at -0.29 on a 3-year window (1 year: 0.02, 5 years: -0.33), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for CSCO?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/csco-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/csco-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CSCO correlations · VXZ correlations
