FICO vs VXZ: Correlation
How closely do Fair Isaac (FICO) 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 -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FICO and VXZ?
On 3 years of weekly data the FICO/VXZ correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.17) than the 3-year average (-0.32). The 5-year figure is -0.30, and annualized covariance runs at -374.3 %².
VXZ is close to the least connected end of FICO's tracked universe, ranking #30 of 30. Their 12-month results are close: -18.5% for FICO against -16.1% for VXZ. Note the risk asymmetry: FICO runs 1.8 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.
FICO vs VXZ: side by side
| FICO (Fair Isaac) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -18.5% | -16.1% |
| 5-year return | +154.2% | -53.1% |
| Volatility (ann.) | 45.1% | 25.6% |
| Beta vs S&P 500 | 1.27 | -1.31 |
| Max drawdown (3Y) | -61.3% | -36.4% |
| Market cap | $25.0B | – |
| P/E (trailing) | 32.8 | – |
| Dividend yield | 0.00% | – |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | FICO | VXZ |
|---|---|---|
| 2022 | +38.0% | +0.5% |
| 2023 | +94.5% | -44.0% |
| 2024 | +71.0% | -12.7% |
| 2025 | -15.1% | +5.7% |
| 2026 | -31.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FICO and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between FICO and VXZ?
As of 2026-08-27, the correlation of weekly returns between FICO and VXZ is -0.32 over 3 years, -0.17 over 1 year and -0.30 over 5 years.
Is VXZ a good diversifier for FICO?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
A reading of -0.32 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/fico-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fico-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FICO correlations · VXZ correlations
