DUOT vs VXZ: Correlation
Duos Technologies Group, Inc. (DUOT) 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 -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DUOT and VXZ?
Over the past 3 years, DUOT and VXZ moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.28 over 3. Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -602.7 %².
VXZ is close to the least connected end of DUOT's tracked universe, ranking #12 of 13. The last year tells two different stories: DUOT led by 76.8 percentage points, +60.7% for DUOT against -16.1% for VXZ. One caveat on sizing: DUOT is 3.3 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.
DUOT vs VXZ: side by side
| DUOT (Duos Technologies Group, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +60.7% | -16.1% |
| 5-year return | +57.5% | -53.1% |
| Volatility (ann.) | 83.7% | 25.6% |
| Beta vs S&P 500 | 1.75 | -1.31 |
| Max drawdown (3Y) | -64.3% | -36.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | 10.1 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DUOT | VXZ |
|---|---|---|
| 2022 | -61.0% | +0.5% |
| 2023 | +45.0% | -44.0% |
| 2024 | +106.2% | -12.7% |
| 2025 | +88.1% | +5.7% |
| 2026 | -8.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DUOT and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between DUOT and VXZ?
The DUOT/VXZ correlation stands at -0.28 on a 3-year window (1 year: -0.27, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for DUOT?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/duot-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/duot-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DUOT correlations · VXZ correlations
