DXC vs VXZ: Correlation
Measured on weekly returns over the past three years, DXC Technology Company (DXC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXC and VXZ?
Over the past 3 years, DXC 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 (-0.37) sits close to the 3-year figure. Over 5 years the correlation is -0.41, and the annualized covariance of weekly returns is -338.1 %².
VXZ is close to the least connected end of DXC's tracked universe, ranking #16 of 16. The trailing year gives VXZ the advantage: -23.1% versus -16.1%, a 7.0-point spread. Risk is not evenly split, since DXC carries 1.5 times the volatility of the other side.
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.
DXC vs VXZ: side by side
| DXC (DXC Technology Company) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -23.1% | -16.1% |
| 5-year return | -69.7% | -53.1% |
| Volatility (ann.) | 39.0% | 25.6% |
| Beta vs S&P 500 | 0.97 | -1.31 |
| Max drawdown (3Y) | -67.2% | -36.4% |
| Market cap | $1.8B | – |
| P/E (trailing) | 14.3 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DXC | VXZ |
|---|---|---|
| 2022 | -17.7% | +0.5% |
| 2023 | -13.7% | -44.0% |
| 2024 | -12.6% | -12.7% |
| 2025 | -26.7% | +5.7% |
| 2026 | -24.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXC 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 DXC and VXZ?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.37 over the last year and -0.41 over 5 years.
Is VXZ a good diversifier for DXC?
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?
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/dxc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dxc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DXC correlations · VXZ correlations
