DSP vs VXZ: Correlation
Measured on weekly returns over the past three years, Viant Technology Inc. (DSP) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSP and VXZ?
On 3 years of weekly data the DSP/VXZ correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. The 5-year figure is -0.38, and annualized covariance runs at -459.3 %².
Out of 13 assets tracked against DSP, VXZ lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months DSP outperformed by 42.6 percentage points (+26.5% for DSP against -16.1% for VXZ). One caveat on sizing: DSP is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DSP vs VXZ: side by side
| DSP (Viant Technology Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +26.5% | -16.1% |
| 5-year return | -9.6% | -53.1% |
| Volatility (ann.) | 60.9% | 25.6% |
| Beta vs S&P 500 | 1.57 | -1.31 |
| Max drawdown (3Y) | -68.6% | -36.4% |
| Market cap | $0.8B | – |
| P/E (trailing) | 34.3 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSP | VXZ |
|---|---|---|
| 2022 | -58.6% | +0.5% |
| 2023 | +71.4% | -44.0% |
| 2024 | +175.6% | -12.7% |
| 2025 | -36.6% | +5.7% |
| 2026 | +5.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSP 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 DSP and VXZ?
As of 2026-08-27, the correlation of weekly returns between DSP and VXZ is -0.29 over 3 years, -0.25 over 1 year and -0.38 over 5 years.
Is VXZ a good diversifier for DSP?
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?
A reading of -0.29 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/dsp-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dsp-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DSP correlations · VXZ correlations
