DSGX vs VXZ: Correlation
How closely do The Descartes Systems Group Inc. (DSGX) 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 -0.36, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSGX and VXZ?
Over the past 3 years, DSGX and VXZ moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.15) runs above the 3-year figure (-0.36). Over 5 years the correlation is -0.36, and the annualized covariance of weekly returns is -291.0 %².
Among the 26 assets we track against DSGX, VXZ sits near the bottom by co-movement, at rank #25. Their 12-month results are close: -19.1% for DSGX 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.
DSGX vs VXZ: side by side
| DSGX (The Descartes Systems Group Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -19.1% | -16.1% |
| 5-year return | +3.6% | -53.1% |
| Volatility (ann.) | 31.5% | 25.6% |
| Beta vs S&P 500 | 0.86 | -1.31 |
| Max drawdown (3Y) | -48.7% | -36.4% |
| Market cap | $6.9B | – |
| P/E (trailing) | 38.6 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSGX | VXZ |
|---|---|---|
| 2022 | -15.8% | +0.5% |
| 2023 | +20.7% | -44.0% |
| 2024 | +35.1% | -12.7% |
| 2025 | -22.8% | +5.7% |
| 2026 | -8.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSGX and VXZ good diversifiers for each other?
Yes. With a correlation of -0.36, DSGX and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DSGX and VXZ?
The DSGX/VXZ correlation stands at -0.36 on a 3-year window (1 year: -0.15, 5 years: -0.36), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for DSGX?
Yes. With a correlation of -0.36, DSGX and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 mean?
A reading of -0.36 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/dsgx-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dsgx-vs-vxz/)
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Related comparisons
Hubs: DSGX correlations · VXZ correlations
