DOMO vs VXZ: Correlation
Measured on weekly returns over the past three years, Domo, Inc. (DOMO) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOMO and VXZ?
Across a 3-year window, the weekly returns of DOMO and VXZ correlate at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.16) sits close to the 3-year figure. Stretching to 5 years gives -0.28, with an annualized covariance of -413.9 %².
Out of 13 assets tracked against DOMO, VXZ lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with VXZ ahead by 61.6 points (-77.7% versus -16.1%). Note the risk asymmetry: DOMO runs 2.9 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.
DOMO vs VXZ: side by side
| DOMO (Domo, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -77.7% | -16.1% |
| 5-year return | -95.7% | -53.1% |
| Volatility (ann.) | 74.7% | 25.6% |
| Beta vs S&P 500 | 2.02 | -1.31 |
| Max drawdown (3Y) | -89.0% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOMO | VXZ |
|---|---|---|
| 2022 | -71.3% | +0.5% |
| 2023 | -27.7% | -44.0% |
| 2024 | -31.2% | -12.7% |
| 2025 | +19.1% | +5.7% |
| 2026 | -53.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOMO and VXZ good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DOMO and VXZ?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.16 over the last year and -0.28 over 5 years.
Is VXZ a good diversifier for DOMO?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/domo-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/domo-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DOMO correlations · VXZ correlations
