GENI vs VXZ: Correlation
Measured on weekly returns over the past three years, Genius Sports Limited (GENI) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GENI and VXZ?
Across a 3-year window, the weekly returns of GENI and VXZ correlate at -0.30, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.37 lands near the 3-year figure. Stretching to 5 years gives -0.33, with an annualized covariance of -425.2 %².
Among the 11 assets we track against GENI, VXZ sits near the bottom by co-movement, at rank #10. The last year tells two different stories: VXZ led by 21.8 percentage points, -37.9% for GENI against -16.1% for VXZ. Risk is not evenly split, since GENI carries 2.2 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.
GENI vs VXZ: side by side
| GENI (Genius Sports Limited) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -37.9% | -16.1% |
| 5-year return | -59.5% | -53.1% |
| Volatility (ann.) | 55.6% | 25.6% |
| Beta vs S&P 500 | 1.37 | -1.31 |
| Max drawdown (3Y) | -71.1% | -36.4% |
| Market cap | $2.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GENI | VXZ |
|---|---|---|
| 2022 | -53.0% | +0.5% |
| 2023 | +73.1% | -44.0% |
| 2024 | +40.0% | -12.7% |
| 2025 | +27.4% | +5.7% |
| 2026 | -27.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GENI and VXZ good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GENI and VXZ?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.37 over the last year and -0.33 over 5 years.
Is VXZ a good diversifier for GENI?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 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/geni-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/geni-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GENI correlations · VXZ correlations
