DAKT vs VXZ: Correlation
Daktronics, Inc. (DAKT) 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 -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAKT and VXZ?
Over the past 3 years, DAKT and VXZ moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.36) sits close to the 3-year figure. Over 5 years the correlation is -0.34, and the annualized covariance of weekly returns is -453.8 %².
Among the 11 assets we track against DAKT, VXZ sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with DAKT ahead by 29.6 points (+13.5% versus -16.1%). Note the risk asymmetry: DAKT runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DAKT vs VXZ: side by side
| DAKT (Daktronics, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +13.5% | -16.1% |
| 5-year return | +222.0% | -53.1% |
| Volatility (ann.) | 51.5% | 25.6% |
| Beta vs S&P 500 | 1.28 | -1.31 |
| Max drawdown (3Y) | -42.0% | -36.4% |
| Market cap | $0.9B | – |
| P/E (trailing) | 21.1 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAKT | VXZ |
|---|---|---|
| 2022 | -44.2% | +0.5% |
| 2023 | +200.7% | -44.0% |
| 2024 | +98.8% | -12.7% |
| 2025 | +17.3% | +5.7% |
| 2026 | -0.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAKT and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between DAKT and VXZ?
As of 2026-08-27, the correlation of weekly returns between DAKT and VXZ is -0.34 over 3 years, -0.36 over 1 year and -0.34 over 5 years.
Is VXZ a good diversifier for DAKT?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
A reading of -0.34 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/dakt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dakt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DAKT correlations · VXZ correlations
