GOOGL vs VXZ: Correlation
How closely do Alphabet Inc. (Class A) (GOOGL) 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 -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOGL and VXZ?
Across a 3-year window, the weekly returns of GOOGL and VXZ correlate at -0.31, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. Stretching to 5 years gives -0.35, with an annualized covariance of -249.5 %².
VXZ is close to the least connected end of GOOGL's tracked universe, ranking #34 of 37. Their recent paths diverged sharply: over the last 12 months GOOGL outperformed by 80.8 percentage points (+64.7% for GOOGL against -16.1% for VXZ).
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.
GOOGL vs VXZ: side by side
| GOOGL (Alphabet Inc. (Class A)) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +64.7% | -16.1% |
| 5-year return | +137.7% | -53.1% |
| Volatility (ann.) | 31.4% | 25.6% |
| Beta vs S&P 500 | 1.22 | -1.31 |
| Max drawdown (3Y) | -29.8% | -36.4% |
| Market cap | $4,166.1B | – |
| P/E (trailing) | 17.2 | – |
| Dividend yield | 0.25% | – |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | GOOGL | VXZ |
|---|---|---|
| 2022 | -39.1% | +0.5% |
| 2023 | +58.3% | -44.0% |
| 2024 | +36.0% | -12.7% |
| 2025 | +66.0% | +5.7% |
| 2026 | +9.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOGL and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between GOOGL and VXZ?
The GOOGL/VXZ correlation stands at -0.31 on a 3-year window (1 year: -0.31, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for GOOGL?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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/googl-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/googl-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GOOGL correlations · VXZ correlations
